Collagen Market - Foresees a Remarkable CAGR of 6.9% to Achieve $8.64 Billion by 2029

Redding California, February 15, 2024 Meticulous Research®, a global leader in market research, has released a groundbreaking report shedding light on the dynamics of the Collagen Market. Collagen, primarily found in animal flesh and connective tissues, constitutes approximately 30% of the proteins within the human body. Derived from approved sources such as pig and cow skins or demineralized animal bones, gelatin, a pure protein, is a natural foodstuff utilized extensively in various industries.

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Meticulous Research®'s latest publication reveals that the global collagen market is set to reach $8.64 billion by 2029, boasting a robust Compound Annual Growth Rate (CAGR) of 6.9% from 2022 to 2029. In terms of volume, the market is expected to reach 755.3 KT by 2029, with a CAGR of 5.1% during the same forecast period.

Market Growth Drivers
The growth of the collagen market is fueled by several factors, including the rising demand for collagen in the food industry, a growing preference for protein and nutricosmetics, increasing healthcare applications, technical advancements, and the use of collagen-based biomaterials. Additionally, the surge in per capita income and the expansion of the food processing industry are anticipated to offer substantial growth opportunities for collagen manufacturers in the years to come.

Market Segmentation
To provide comprehensive insights, Meticulous Research® has segmented the market by type (gelatin, collagen peptide, native collagen, and synthetic collagen), source (bovine, porcine, fish, chicken, sheep, and other sources), application (food & beverage, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications), and geography (North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East).

Key Market Trends
1. Gelatin Dominance:
• In 2022, the gelatin segment is poised to lead the global collagen market, primarily due to the increased demand from the food & pharmaceutical industries. The outstanding stabilizing features and binding characteristics of gelatin make it a preferred choice in various applications.

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2. Bovine Collagen Supremacy:
• In the same year, the bovine collagen segment is expected to secure the largest market share. Renowned for its health benefits, including skin health, tendon reinforcement, bone loss prevention, and arthritis relief, bovine collagen enjoys widespread acceptance.

3. Diverse Applications in Food & Beverage:
• The food & beverage segment is anticipated to dominate the market in 2022, owing to the versatile applications of collagen in the industry. Its unique gelling and surface behavior properties contribute to its widespread use.

4. Asia-Pacific Emergence:
• The Asia-Pacific region is forecasted to register the highest CAGR during the forecast period, attributed to the burgeoning food processing industry, rising population, industrialization, and increased personal care spending.

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5. Key Players:
• The report provides competitive intelligence on key players in the market, including Rousselot (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), ITALGEL S.r.l. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (Netherlands), Gelnex (Brazil), Juncà Gelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.).

Mr. Khushal Bombe
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This release was published on openPR.