The global collagen market will grow at a CAGR of 6.5% from 2017 to 2022 to reach $4,572.7 million by 2022, driven by the increasing use of collagen in food industries, growing inclination towards healthy diet & protein consumption, increasing use of collagen based on biomaterials, and growing applications in Nutri-cosmetics, healthcare & pharmaceuticals. In addition, rise in per capita income in developing nations and growing food processing industry further provides significant opportunities in this market. However, factors such as safety concerns, religious constraints, and growing use of alternatives such as pectin gels, modified starch gels, high acyl gellan gum, and carrageenan could restrict the growth collagen market to some extent.
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North America commanded the largest share in the global collagen peptide and gelatin products market, closely followed by Europe in 2016. The large share of this region is attributed to the increased popularity of cosmeceuticals, rise in research & development activities, and growing awareness about nutraceuticals. Further, expanding use in nutraceuticals, strong production of gelatin coated drugs, popularity of preventive healthcare, and increased consumption of functional foods are the major factors driving the growth of collagen market in this region.
However, the Asia-Pacific region is expected to witness a significant growth during the forecast period as compared to the matured markets of developed economies, owing to their growing economy, increasing population, and abundant availability of raw materials in the region.
The key strategies followed by major players in the global collagen market were new product developments, agreements and collaborations, and expansions. New Product Launches/Enhancements was the most preferred growth strategy adopted by the key players, during the period of 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global collagen market. The key players in the global collagen market includes Rousselot, GELITA AG, Weishardt Holding, Tessenderlo Group, Nitta Gelatin Inc., LAPI GELATINE S.p.a., Italgelatine S.p.A., EWALD-GELATINE GmbH, REINERT GRUPPE Ingredients GmbH, Trobas Gelatine BV., GELNEX, JUNCÀ GELATINES, S.L., HolistaCollTech Limited, Collagen Solutions Plc, and Advanced BioMatrix, Inc.
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