Southeast Asia Collagen Market: Rising Consumer Awareness and Product Innovations

The Southeast Asia collagen market is projected to reach $194.3 million by 2030, growing at a compound annual growth rate (CAGR) of 7% from 2023 to 2030. This growth is largely driven by the increasing use of collagen in the food industry, rising demand for protein and nutricosmetics, expanding applications in healthcare, and greater use of collagen-based biomaterials.

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Additionally, the expanding food processing industry is anticipated to present significant growth opportunities for market players. However, religious restrictions and the growing preference for alternatives pose challenges to market growth. Furthermore, advancements in processing technology remain a critical challenge for this market.

Key Players
The prominent players operating in 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).

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Market Overview
The study on the Southeast Asia collagen market provides historical market data in terms of value and volume for 2021 and 2022, estimated data for 2023, and forecasts for 2030. The market is segmented by type, source, application, and country.

Market Segmentation
By Type: The market is divided into gelatin, collagen peptides (hydrolyzed collagen), native collagen, and synthetic collagen. In 2023, the gelatin segment is expected to hold the largest market share. This is due to its high demand in the food and pharmaceutical industries, thanks to its exceptional stabilizing and binding properties. Recent trends, such as the use of gelatin in chewable soft capsules, and enteric capsules, are driving its popularity. Moreover, the increasing use of gelatin in photography, nutraceuticals, and cosmeceuticals further contributes to its dominant market position. The gelatin segment is anticipated to grow at the highest CAGR during the forecast period due to its expanding use across various applications and the growing fish industry in Southeast Asia.

By Source: The market is segmented into bovine, porcine, fish, chicken, sheep, and other sources. In 2023, bovine collagen is expected to dominate the market due to its numerous health benefits, including promoting skin health, reinforcing tendons, preventing bone loss, and alleviating arthritis symptoms. These advantages make bovine collagen one of the most widely used and accepted types. However, fish collagen is expected to grow significantly during the forecast period from 2023 to 2030. Factors driving this growth include increasing pisciculture practices, consumer interest in a healthy lifestyle and high-protein diets, a rising number of people experiencing joint discomfort, and fish collagen's ability to improve skin comfort, nourish the epidermis, and enhance skin elasticity.

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By Application: The market is segmented into food & beverages, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2023, the food & beverages segment is projected to hold the largest market share, attributed to collagen's extensive use in the industry for its unique gelling and surface behavior properties. Collagen improves the texture and mouthfeel of food products and adds a smooth, creamy texture to dairy products, soups, and sauces. It also helps retain moisture and improve tenderness in meat products, boosting its demand in the food & beverages sector. Meanwhile, the nutraceuticals segment is anticipated to experience substantial growth from 2023 to 2030, primarily driven by the increasing use of nutraceuticals for weight management and growing consumer awareness of supplements for preventive health care.

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Geographic Insights
By Country: In 2023, Indonesia is expected to lead the Southeast Asia collagen market, driven by its robust food & beverages sector. Factors such as a growing population, increased urbanization, greater awareness of healthy products, rising incomes, a shift toward modern retail stores, and a burgeoning tourism industry contribute to this growth. Additionally, the increasing demand for cosmetics and personal care products, along with the expansion of the livestock and meat processing industries, further fuels the collagen market in Indonesia.

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