According to a new report, published by KBV research, The Global Collagen Market size is expected to reach $5.4 billion by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
The Gelatin segment has acquired maximum revenue share in the Global Collagen Market by Product Type in 2020, thereby, achieving a market value of $2.8 billion by 2027. The growing fishing industry in various regions is attracting gelatin manufacturers to use fish as the raw material to produce gelatin. The demand for gelatin is increasing in the developing nations due to the changing lifestyle & dietary habits.
The Bovine segment is leading the Global Collagen Market by Source in 2020, thereby, achieving a market value of $2,421 million by 2027. Bovine collagen is the protein mainly obtained from cows. The major factors driving the growth of bovine collagen is health benefits associated with it that include improved skin health, arthritis relief & prevention from bone loss.
The Liquid segment is showcasing a CAGR of 7.1% during (2021 - 2027). This form of collagen contains collagen protein converted in a liquid like purified water. The growth of this segment is the result of the wide consumption of collagen drinks in order to get the benefits of healthy skin, nails, joint & hair associated with it.
The Food & Beverages segment has growth rate of 6.1% during (2021 - 2027).This is due to the increasing demand for dietary supplements & functional food & beverages in various regions. Also, the rising health concern of the people is increasing the demand for food products containing collagen leading to the growth of collagen market.
Europe is the fastest growing region in the Global Collagen Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.9 billion by 2027. The North America market is estimated to witness a CAGR of 5% during (2021 - 2027). Additionally, The Asia Pacific market would witness a CAGR of 5.8% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/collagen-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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