Global Collagen Market Forecast Report 2021-2022 & 2028: Advent of Vegan Collagen to Gain Traction & Surging Demand fo

DUBLIN–(BUSINESS WIRE)–Could 4, 2022–

The collagen market was valued at US$ 4,120.19 million in 2021 and is projected to achieve US$ 7,205.03 million by 2028. It’s anticipated to develop at a CAGR of 8.3% from 2021 to 2028

The report contains the outline of things fueling the market progress, estimation and forecast of income, and identification of great market gamers and their key developments, together with market share evaluation.

Collagen has a variety of purposes within the private care business. It’s utilized in skincare merchandise that present anti-aging advantages. Thus, the surging purposes of collagen throughout meals & beverage, prescription drugs & nutraceuticals, private care, amongst different industries, are projected to drive the collagen market progress.

Based mostly on product kind, the collagen market is segmented into gelatin, hydrolyzed collagen, and native collagen. The gelatin section accounted for the biggest market share in 2020. Gelatin is the denatured type of collagen. It’s obtained from animal byproducts akin to pores and skin, bones, hides, tendons, and cartilage of cattle, pigs, or marine animals. Gelatin is both out there in powder kind or is pressed into sheets.

Gelatin is extensively used as a gelling agent, stabilizer, and thickening agent in numerous meals and drinks. There are vegetarian alternate options of gelatin akin to pectin, xanthan gum, guar, and gum, however they don’t resemble the properties of gelatin. Gelatin can be utilized in making anti-aging lotions and lotions attributed to its skin-nourishing properties. Thus, the rising utilization of gelatin for a variety of purposes is driving the expansion of the section.

In 2020, Europe held the biggest share of the worldwide collagen market, whereas Asia Pacific is projected to register the quickest progress over the forecast interval. Altering life-style preferences in Europe is having a major influence on the collagen market in Europe. Persons are more and more consuming merchandise that present purposeful advantages.

With the rise in well being consciousness amongst shoppers, the demand for collagen merchandise continues to develop. Furthermore, the presence of outstanding collagen producers in Europe, together with Gelita AG, Protein S.A., and Ewald-Gelatin GmbH, is propelling the expansion of the collagen market.

Moreover, Europeans are extremely reluctant to animal-derived merchandise as a consequence of rising consciousness associated to animal safety and quickly rising veganism. Subsequently, collagen producers are growing plant-based or vegan-friendly collagen to fulfill the rising shopper developments. Such improvements are additional anticipated to open profitable progress alternatives for the collagen market throughout Europe over the approaching years.

The main gamers within the collagen market embrace Gelita AG; Gelnex; Junca Gelatines, S.L; Lapi Gelatine S.p.A; Nippi Inc.; Nitta Gelatin, Inc.; Nutra Meals Substances; RABJ Co., Ltd.; Vihn Hoan Company; and Weishardt.