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Southeast Asia Collagen Market: A Projected Surge to $194.3 Million by 2030
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Collagen, a vital structural protein exclusively found in animal tissues, particularly in mammals' flesh and connective tissues, constitutes around 30% of the body's proteins. Recognized for its remarkable strength and toughness, collagen is integral to the formation of structures in bones, tendons, and ligaments. The market report highlights its extensive application in the food, pharmaceutical, and cosmetic industries, attributed to collagen's excellent biocompatibility, biodegradability, and weak antigenicity.
Key Growth Drivers and Market Dynamics
Factors propelling the Southeast Asia collagen market's growth include increased collagen usage in the food industry, a surge in protein and nutricosmetics consumption, rising healthcare applications, and the expanding use of collagen-based biomaterials. The report anticipates substantial opportunities arising from the growing food processing industry. Despite these promising trends, challenges such as religious constraints and the emergence of alternatives impact market growth. Additionally, enhancing processing technology stands out as a key challenge in this dynamic market.
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Leading Players Shaping the Market Landscape
The Southeast Asia collagen market is steered by prominent players, including 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).
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Insights into Market Segmentation
The report meticulously segments the Southeast Asia collagen market based on type, source, application, and country. Notable insights from the segmentation include:Type Segment: In 2023, the gelatin segment is anticipated to claim the largest market share, driven by increased demand from the food and pharmaceutical industries. Gelatin's stabilizing features and binding characteristics make it a preferred choice, with recent trends highlighting its use in pharmaceutical drug deliveries.
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Source Segment: Bovine collagen is expected to dominate the market in 2023, owing to its multiple health benefits, including skin health, tendon reinforcement, bone loss prevention, and relief from arthritis. However, the fish collagen segment is projected for significant growth, driven by increasing pisciculture practices and growing consumer preferences for a healthy lifestyle.
Application Segment: The food & beverages segment is poised to lead the market in 2023, attributing its large market share to collagen's extensive applications in the industry. Its unique gelling and surface behavior properties enhance the texture and mouthfeel of various food products, positioning it as a key ingredient in dairy products, soups, sauces, and meat products.
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Country Segment: Indonesia is expected to account for the largest share in 2023, driven by a booming food & beverages sector, a growing population, urbanization, increased awareness of healthy products, rising incomes, and a shift towards modern retail stores.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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