Press release
Collagen Global Market Expected to Reach $10.19 Billion By 2028 at a CAGR of 9.9% | Key Players: Junca Gelatines SL, Lapi Gelatine SPA, Gelnex Gelatin, Weishardt, Darling Ingredients Inc.
Collagen Market 2024
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Collagen industry. This report on Collagen market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The collagen market size has grown strongly in recent years. It will grow from $6.38 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rise in demand for beauty products, rise in awareness about skincare, rise in food and beverage industry, growth in the sports nutrition industry. The collagen market size is expected to see strong growth in the next few years. It will grow to $10.19 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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Key Market Players:
Gelita AG, Nitta Gelatin Inc., Junca Gelatines SL, Lapi Gelatine SPA, Gelnex Gelatin, Nippi Collagen North America Inc., Weishardt, Darling Ingredients Inc., The Progressive Corporation are prominent players in the Collagen industry.
Market Drivers:
The rapidly growing obese population is significantly contributing to the growth of the collagen market. Obesity is a dangerous disease that leads to an excessive amount of body fat. It is a medical problem that increases the risk of other diseases and health problems, such as heart disease, diabetes, and high blood pressure. Collagen supplements may increase satiety or the feeling of fullness. This could aid weight loss and management by reducing hunger and the number of calories consumed in a day. Collagen also suppress ghrelin, a hunger hormone. For instance, according to A-Minsia survey, obesity and metabolic syndrome are epidemic in developed countries worldwide, with disastrous health consequences. For instance, in March 2023, according to the World Heart Federation, a Switzerland-based non-government global cardiovascular community, around 2.3 billion adults and children were obese or overweight globally, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025.
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Market segments for Collagen include:
1) By Product: Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen
2) By Dosage: Powder, Liquid, Capsule
3) By Source: Bovine, Porcine, Marine & Poultry
4) By Application: Food, Health care, Nutraceuticals, Personal Care & Cosmetics
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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