Collagen Market was valued at USD 3200 million in 2016 and is expected to grow at a CAGR of 6.9% during 2018-2023| Dominant Vendors - ROUSSELOT B.V., EWALD-GELATINE GMBH, GELITA AG, HOLISTA COLLTECH LIMITED, ITALGELATINE, JUNCA GELATINES S.L, amongst othe

Market Analysis:

North America to Dominate the Market
North America is dominating the market globally with a market share of 31.3% in 2016 followed by Europe during the forecast period. Animal based collagen is dominating the global market with a market share of 78% owing to its wide usages in nutricosmetics, food and beverage products and nutraceuticals particularly dietary supplements.

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The increasing use of collagen as a functional ingredient has been driving its growth. The link between consumption of collagen and the health benefits it provides has led to the establishment of collagen supplements industry. Nowadays, collagen has become a key ingredient in most of the health foods. The wide application spectrum of collagen as a food additive has been another driving factor of global collagen market. The increasing consumption, demand in key segments such as dietary supplements, food additives, beverages and meat products have been driving the sales of collagen and its derivatives worldwide. Collagen is extensively employed for dietary supplements owing to the growing health consciousness and wide array of health benefits provided by collagen and its derivative products.

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Market Segments:
Collagen Market is segmented by:
1. Application: Meat processing, Dietary supplements, Food additives, Beverages, Others
2. Sources: Animal-Based Collagen, Marine-Based Collagen
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• August 2017: The government of India ban on the sale and purchase of cattle for slaughter from animal markets made Nitta to explore alternative channel for cattle bones by the way of imports.
• August 2017: PB Gelatins/PB Leiner presented its new collagen peptides innovations: The SOLUGELu00ae BD SERIES.
• August 2017: Weishardt Gu00e9latines invested nearly 4 million additional euro for reinvestment in the cogeneration plant

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