According to a latest report from Transparency Market Research, the global collagen market was estimated at US$4.7 billion in 2020. It is projected to grow at a CAGR of 5.5% from 2021 to 2028, and will reach US$7.1 billion by end-2028.
In terms of source, the global collagen market has been classified into bovine, porcine, marine, and poultry. The bovine segment accounted for major share of the global collagen market in 2020.
Based on application, the global collagen market has been categorised into pharmaceutical & healthcare, food & beverage, cosmetic, nutraceuticals, and others. The food & beverage segment dominated the global collagen market in 2020 and the trend is expected to continue during the forecast period. In terms of product, the global collagen market has been segmented into gelatine, hydrolysed gelatine, and native collagen.
North America dominated the global collagen market in 2020 accounting for 36% share. The US lead the market in North America owing to factors such as increase in incidence of joint disorders, surge in the geriatric population, rise in demand for better health care facilities, and adoption of improved products & technologies. Asia Pacific, however, is anticipated to gain more market share during the forecast period. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are expected to propel the collagen market in the region.
Leading players analysed in this report include Collagen Solutions Plc, CollPlant Ltd, Gelita AG, Royal DSM N.V, Nippi Incorporated, Rousselot (Darling Ingredients Inc) and Nitta Gelatin Inc amongst others.
However, in recent years, the application of collagen in nutraceuticals and food and beverage products with claims that it provides youthful complexion, reduces aging, strengthens the bones or improves hair growth, has been rather controversial topic, as many doubt the efficacy of such ‘better-for-you’ products in addressing the immediate health needs of consumers. Consumers turn to these products with the hope of seeing immediate results but many could end up disappointed. Manufacturers using collagen in their products should start to become more engaged with their consumers, to fill up the gaps through research, and to help address their consumers’ growing concerns, so as to ensure continuity of their products in the market.
