The rapidly increasing adoption of collagen in healthcare and cosmetics applications would be shaping the global collagen market outlook over the forthcoming years. As per market analysis, the collagen market is also anticipated to witness healthy growth due to a burgeoning product demand from several end-use sectors like food & beverages, and nutraceuticals, among others.
Collagen is extensively used in cosmetic products and supplements as it boasts of properties that help strengthen connective tissues, promote tissue repair, and enhance cushioning effects for joints. Increasing awareness among consumers regarding these benefits of collagen will augment the market expansion in the coming years.
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Collagen is a type of protein that is considered essential to both the health as well as the functioning of connective tissues in the body. There are approximately 40 different types of collagen in the human body, but four are considered the most common. Type I collagen, Type II, Type III, and Type IV collagen. The expanding health and wellness trend across the globe is creating a tremendous demand for these type of collagen as consumers focus on leading healthy lives and consume supplements that promote tissue and skin health.
Based on a report published by Global Market insights, the collagen market is expected to reach a valuation of over USD 6,345 million by 2027.
Some of the major players competing in the collagen market are Weishardt Group, Lapi Gelatine S.p.a, Nitta Gelatine, Gelita AG, Gelnex, Darling Ingredients, and Vinh Hoan Corporation. All these players are constantly focusing on launching novel and innovative products for staying competitive in the market.
Citing an instance, Darling Ingredients Inc. announced that its Rousselot brand, a leading provider of collagen-based solutions, has expanded its range of pharmaceutical-grade, purified, modified gelatins with the rollout of X-Pure® GelDAT, Gelatin Desaminotyrosine. The product is created in response to the growing consumer demand for a solution that helps overcome the barriers encountered in clinical translation.
Below three trends would be some of the most promising ones shaping the growth graph of the collagen market over 2027:
Rising demand from North America
Through a regional standpoint, North America holds the largest share of the global collagen market, valued at over USD 1,215 million back in 2020. As per estimates, the collagen market is expected to grow at a CAGR of 8.5% by the end of 2027. The regional growth can majorly be attributed to the rising demand for nutraceuticals and personal care products.
The budding adoption of men’s grooming, and skincare products is also accelerating the industry outlook. Meanwhile, rising awareness and acceptance of collagen-based health supplements and cosmetic products, owing to their anti-aging property, radiance, and vitality, will also foster the industry growth.
Expanding application scope of powdered collagen
The powdered collagen segment will showcase lucrative growth through the analysis timeframe, primarily driven by the segment’s expanding application scope. Collagen powder is used in medical products and nutraceutical supplements as an important source of protein that helps in the formation of connective tissues. In fact, collagen powder is also used for the treatment of arthritis symptoms in the medical sector.
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Increasing adoption in the food and beverages sector
With increasing consumer awareness about the benefits of collagen supplements, several industry players in the food and beverages market landscape have been infusing their product offerings with collagen extracts. This developing F&B industry practice is slated to become more commonplace in coming years.
The porcine collagen is widely used as a gelling agent within the food & beverages sector for the creating of desserts, bakery & confectionery products, and dairy products as well. Porcine collagen is well-known for its skincare benefits, which is prompting industry players to incorporate them in their offerings and cash-in on the shifting consumer preferences.
Driven by these developments, the overall collagen industry would be chalking out a highly remunerative business outlook for its revenue streams over the coming years.
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