Press release
Southeast Asia Collagen Market to Surpass $194.3 Million by 2030
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The robust growth of the Southeast Asia collagen market is propelled by the escalating utilization of collagen in the food industry, a surge in protein and nutricosmetics consumption, increased applications in healthcare, and a rising preference for collagen-based biomaterials. The burgeoning food processing industry is set to offer substantial growth opportunities for industry players. Despite these promising factors, the market faces challenges from religious constraints and the growing use of alternatives. Additionally, refining processing technology remains a key challenge for market players.
Leading players steering the Southeast Asia collagen market include Rousselot (Part of Darling Ingredients Inc.) (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), ITALGEL S.r.l. (Italy), Holista Colltech Limited (Australia), Collagen Solutions (US) LLC (U.S.), Gelnex (Brazil), Advanced BioMatrix, Inc. (U.S.), Hangzhou Nutrition Biotechnology Co., Ltd. (China), Foodmate Co., Ltd. (China), Trobas Gelatine B.V. (Netherlands), and Jiangxi Cosen Biochemical Co., Ltd. (China).
The Southeast Asia collagen market study provides comprehensive insights, presenting historical market data in terms of value & volume (2021 and 2022), estimated current data (2023), and forecasts for 2030. The market is meticulously segmented by type, source, application, and country.
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In terms of type, the Southeast Asia collagen market includes gelatin, collagen peptide (hydrolyzed collagen), native collagen, and synthetic collagen. In 2023, the gelatin segment is poised to dominate the market, attributed to increased demand from the food and pharmaceutical industries. The segment is expected to register the highest CAGR during the forecast period, driven by its versatile applications and rising fish industry in Southeast Asia.
The market is further categorized by source, encompassing bovine, porcine, fish, chicken, sheep, and other sources. In 2023, the bovine collagen segment is expected to hold the largest market share, owing to its numerous health benefits, including skin health, tendon reinforcement, bone loss prevention, and arthritis relief. However, the fish collagen segment is anticipated to witness significant growth, driven by rising pisciculture practices and increasing consumer inclination towards a healthy lifestyle.
Application-wise segmentation includes food & beverages, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2023, the food & beverages segment is projected to command the largest market share, attributed to collagen's diverse applications in the industry, enhancing texture, mouthfeel, and moisture retention in various products. Conversely, the nutraceuticals segment is anticipated to witness substantial growth, fueled by the increasing use of supplements for weight management and growing consumer awareness of preventive care.
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In terms of country segmentation, Indonesia is expected to dominate the Southeast Asia collagen market in 2023. The country's major market share is attributed to a thriving food & beverages sector, driven by factors such as a growing population, increased urbanization, awareness of healthy products, rising incomes, a shift towards modern retail stores, and a flourishing tourism industry. Additionally, the demand for cosmetics and personal care products, coupled with growth in the livestock and meat processing industry, further propels the collagen market in Indonesia.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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