Emphasis on Source (Bovine, Porcine, Poultry, Marine, Others); Product (Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen, Others); Form (Powder, Liquid, Others); Application (Food & Beverages, Healthcare, Cosmetics, Others); and Region/Country
Global Collagen Market is expected to grow at a significant rate of around 7% during the forecast period owing to the increased spending capacity of modern consumers on healthcare. Collagen is found in connective tissue, skin, tendons, bones, and cartilage. It provides structural support to tissues and plays important roles in cellular processes, including tissue repair, immune response, cellular communication, and cellular migration a process necessary for tissue maintenance. Moreover, the rising vegan population and vegetarianism are leading to numerous sections of the population lacking the minerals and amino acids that are predominantly found in food that comes from animals.
Major companies in the market are opting for natural ingredients in products, several businesses choose to use natural compounds like collagen rather than synthetic ones in their cosmetic products. For instance, In September 2020, Nitta Gelatin NA adds Replenwell, a new line of highly functioning collagen peptide ingredients, to its Wellnex portfolio. Replenwell collagen peptides are clinically tested for safety and efficacy and are available in a variety of raw material sources, including fish, bovine, and porcine. Moreover, Replenwell™ collagen peptide ingredients, recently recognized as “Ingredient of the Year’ for beauty applications by NutraIngredients-USA.
Gelita AG, Nitta Gelatin NA Inc., Darling Ingredients Inc., Weishardt International, Nippi Collagen NA Inc., Rousselot B.V., Collagen Matrix Inc., Koninklijke DSM N.V., CONNOILS LLC, Advanced BioMatrix Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst source, bovine category to witness significant CAGR during the forecast period”
Based on source, the market is segmented into bovine, porcine, poultry, marine, and others. Bovine category to witness a significant CAGR during the forecast period. This is mainly due to it includes characteristics like improved water solubility and low molecular weight in addition to having a high protein content. As a result, producers are using it more frequently in the food and beverage sector to provide consumers with more nutrient-dense goods.
“Amongst product, the gelatin to hold a significant share in the market in 2020”
On the basis of product, the market is categorized into gelatin, hydrolyzed collagen, native collagen, synthetic collagen, and others. Among these, gelatin to hold a significant share in the market in 2020. This is mainly due to rising health awareness among consumers, gelatin is becoming more popular, and it is rapidly used for several benefits such as aging skin, osteoarthritis, osteoporosis, brittle nails, obesity, diarrhea, and various other conditions. In April 2021, Reneva collagen drink launched a new product formulation and found a green apple flavor. It is packed with 10 grams of collagen peptides that help to enhance lean muscle gain, and muscle strength, boost metabolism, and increase fat loss in combination with moderate exercise.
“APAC to hold a significant share in the market”
In 2020, APAC held a significant share of the global ATV market. This is mainly due to the growing demand for nutritional supplements coupled with increasing use in personal and sports nutrition products. Further, the growth of the beauty & wellness industry in Asia Pacific countries, especially in South Korea and Japan, is driving the demand for collagen across the region. For instance, in August 2019, Advanced Protein Technology, under the Nutra Collagen brand, launched a new line of instantized collagen products called Collagen+. The collagen is combined with ingredients like natural medium-chain triglyceride coconut oil to create a wellness supplement that may help to boost health. In addition, high investments in research and development activities to produce collagen-based products are expected to favor market growth.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Collagen Market
6. Collagen Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Source
8. Market Insights By Product
9. Market Insights By Form
10. Market Insights By Application
11. Market Insights By Region
12. Collagen Market Dynamics
13. Collagen Market Opportunities
14. Collagen Market Trends
15. Demand And Supply-side Analysis
16. Value Chain Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Collagen Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global collagen market were the three major steps undertaken to create and analyze the adoption of collagens in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global collagen market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the collagen market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the collagen market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as a source, product, form, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the collagen market. Further, we conducted factor analysis using dependent and independent variables such as the growing demand for collagen in the sports nutrition industry of collagens. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the collagen market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global collagen market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global collagen market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of source, product, form, and application in the global collagen market.
The main objective of the Global Collagen Market Study
The current & future market trends of the global collagen market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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