The Latin America, Middle East and Africa Collagen Market would witness market growth of 8.8% CAGR during the forecast period (2021-2027).
Many dermatologists provided the theory on collagen that the consumption of collagen based products such as collagen drinks may result in sending a wrong signal to the existence of collagen fragments in the body that collagen stores are destructed. This would energize fibroblasts, the cells that produce collagen which would enhance the production of natural collagen that improves the skin elasticity. Collagen further helps in the formation of hyaluronic acid and elastin in the body which stimulates the skin health of the consumers.
All collagen products like supplements, powder & collagen drinks vary from one another. Various brands are being promoted by drugstores and the brands such as Perfectil and Vital Proteins are producing innovative collagen supplements as per the demands of consumers. The results may appear within a couple of months. But the results can be seen in a person slowly but only if the collagen supplements are consumed in moderation.
Brazil is a country with a solid focus on beauty & an expanding nutricosmetic market. Consumers across this country are increasingly investing in various beauty supplements. In addition to this, the rising disposable income of the consumers across the LAMEA region is also an important aspect contributing to the growth of the regional collagen market. Moreover, the increasing cases of sleeping disorders and improper sleep habits are rising the consumption of collagen drinks across the region.
Also, as the women population in the region is becoming more concerned about their skin health & beauty, companies would invest more in the development of innovative collagen based beauty products. Along with this, certain studies state that the consumption of collagen may help in improving gut health and muscle mass, which encourages the consumers to include such products on regular basis resulting in growth of collagen market in the LAMEA region.
The Brazil market dominated the LAMEA Collagen Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $99.2 million by 2027. The Argentina market is exhibiting a CAGR of 9.4% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 8.6% during (2021 - 2027).
Based on Product Type, the market is segmented into Gelatin, Hydrolyzed and Native. Based on Source, the market is segmented into Bovine, Porcine and Marine & Poultry. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Nutritional Products, Food & Beverages, Pharmaceutical, and Cosmetics & Personal Care Products. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Collagen Market is Predict to reach $5.4 Billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gelnex, Lapi Gelatine S.p.a (Lapi Group), Amicogen Co., Ltd., Collagen Solutions Plc, SUBONEYO Chemicals Pharmaceuticals P Limited, Vital Proteins LLC (Nestlé Health Science S.A.), Darling Ingredients, GELITA AG, Ewald-Gelatine GmbH, and Aspen Naturals.
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