Global Collagen Market Size, Share & Analysis By Product Type By Application By Source By Form, Regional Outlook, Competitive Strategies, and Segment Forecast 2030: SPER Market Research
The increasing usage of collagen in the food industry, growing inclination toward protein, and nutricosmetics, growing application in healthcare, growing technical applications, and the increasing usage of collagen-based biomaterials are the foremost aspects propelling the growth of the global collagen market. In addition, the augment in per capita income and the increasing food processing industry delivers proficient growth opportunities for collagen producers during the forthcoming years.
The usage of collagen in cosmetic surgery is ever-prolonging owing to the increasing inclination toward cosmetic surgeries. For instance, in 2021, the total number of non-surgical and surgical facial plastic surgery treatments augmented dramatically. Based on the American Academy of Facial and Reconstructive Surgery, in 2021, nearly 1.5 million surgical and non-surgical processes functioned, with plastic surgeons functioning an average of 600 more processes than during 2020. Apart from cosmetic surgeries, collagen is broadly utilized in wound healing and for the reconstruction of boon and several dental, surgical, and orthopedic determinations.
According to the SPER market research, ‘Collagen Market Size, Share & Trends Analysis by Product type, By Application, By Source, By Form, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the global collagen market is predicted to reach USD 6.1 Bn by 2030 with a CAGR of 5.9%. The cosmetic industry is evolving by using collagen in its products for skin rejuvenation. The geriatric population will augment in the review period therefore, augment in the requirement for nutritional supplements and cosmetic products will propel this market growth.
The products also find supreme application in the healthcare industry. The food and beverage industry are predicted to be the foremost contributor to the growing demand for hydrolyzed and gelation collagen. The product is an essential protein for the human body and has several skins, nutritional, and health advantages. However, concerns relating to the transfer of diseases from certain raw material sources have limited the market growth. The industry is regulated by laws and regulations governing animal-based raw materials and ingredients utilized in collagen production.
In addition, the key players in the market function through restricted production capacities with the product-manufacturing units positioned close to the source of raw materials, leading to lessened procurement costs. Moreover, companies are included in the distribution of the product through massive distribution networks spread around the foremost consuming economies in Europe and North America.
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The requirement for the product is predicted to surge owing to increasing end-use applications, altering customer preferences and lifestyles, growing disposable income, and growing awareness concerning health and personal care. Emerging economies of Asia Pacific, involving India, China, and Malaysia, are predicted to experience strong market growth over the next few years.
The market for collagen in North America is predicted to be fostered by the growth of several end-user industries such as cosmetics, healthcare, and food and beverage. Moreover, the market in the region is projected to be positively propelled by the growing prevalence of healthy drinks among customers. The regional market is predicted to benefit from the existence of a robust healthcare industry coupled with high public expenditure on healthcare, commonly in the U.S.
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