Collagen Market Worth $7.53 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®
LONDON, Sept. 23, 2020 /PRNewswire/ -- According to a new market research report titled "Collagen Market" by Product (Gelatin, Collagen Peptide, Native Collagen, Synthetic Collagen), Source (Porcine, Bovine, Chicken, Sheep), and Application (Food and Beverage, Pharmaceuticals, Nutraceuticals, Cosmetics, Healthcare) - Global Forecasts to 2027", the collagen market is expected to grow at a CAGR of 6.9% to reach $7.53 billion by 2027 in terms of value. In terms of volume, the market is expected to grow at a CAGR of 5.1% to reach 683.8 KT by 2027.
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Collagen is the most abundant protein in the human body. There are at least 28 different types of collagens, which relate to their source tissue in the body. Collagen types I and III coexist in skin and bone tissues, while collagen type II comes from cartilage, where it makes up most of the protein content and coexists with glycosaminoglycans chondroitin sulfate and hyaluronic acid. Collagen type II is more valuable due to the scarcity of its source and unique molecular composition. It is also the predominant fibrous protein in animals that constitute a major structural component in the extracellular matrix of all multicellular animals, including sponges, invertebrates, and vertebrates. From a biomedical point of view, collagen has been shown to play important roles in development, wound healing, bones and joint health, platelet activation, and angiogenesis.
The major factors driving the collagen market are the growing use of collagen in food industries, growing inclination towards protein consumption & nutricosmetics, and the growing use of collagens on biomaterials. Also, the rising per capita income opens untapped geographies, and the growing food processing industry provides significant opportunities for collagen manufacturers. However, safety concerns and the growing use of alternatives are restraining market growth to some extent.
Impact of COVID-19 on the Overall Collagen Market
The COVID-19 pandemic has adversely affected many economies around the globe. As a measure to control the spread of this disease and avoid related severe consequences, governments across the globe have announced partial or complete lockdown, which has majorly impacted many manufacturing and service industries, including collagen.
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As per current independent scientific research dated 19th March 2020, the total number of NK cells and T-cells was decreased or exhausted in COVID-19 patients. Importantly, in patients convalescing after therapy, the number of NK and T-cells was restored. These results suggest that cytotoxic lymphocytes' functional exhaustion is associated with SARS-CoV-2 (cause of COVID-19) infection. Hence, SARS-CoV-2 infection may break down antiviral immunity at an early stage.
However, the ingestion of collagen peptide improves NK cells and T-cells and, subsequently, the immunity. Immune competence decreases with age. It has been reported that the number of CD8+ CD28+ T cells correlates strongly with age because the number of these cells decreases with age. The ingestion of collagen peptide helps build up immunity amongst senior citizens. This is further expected to expand the demand for collagens in the months and years to come.
The global collagen market study presents historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, source, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.
Based on type, the overall collagen market is mainly segmented into gelatin, collagen peptide, native collagen, and synthetic collagen. In 2020, the gelatin segment is estimated to command the largest share of the overall collagen market. This large share can be mainly attributed to the increased demand from food & pharmaceutical industries, owing to its outstanding stabilizing features and binding characteristics. The nutritional gummies, chewable soft capsules, and enteric capsules are the recent trends in pharma drug deliveries, where gelatin's mass volume is being used. The growing use of gelatin in photography, nutraceuticals, and cosmeceuticals is also contributing to its large adoption.
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Based on source, the overall collagen market is segmented into bovine, porcine, fish, chicken, sheep, and other sources. In 2020, the bovine segment is estimated to command the largest share of the overall collagen market. This large share is mainly attributed to its several health benefits, such as skin health, tendon reinforcement, bone loss prevention, and arthritis relief. Thus, making bovine collagen one of the most widely used and accepted collagens.
According to the Ceres, the global beef demand is expected to grow by approximately 60% by 2050. According to the FAO-OECD, global beef consumption is forecast to grow at 1.2% per annum by 2022, supported by population and economic growth. Such a massive scale of demand and beef consumption makes it a major raw material for the collagen, which is expected to boost the bovine collagens market in the next few years.
Based on application, the overall collagen market is mainly segmented into food and beverage, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2020, the food and beverage segment is estimated to command the largest share of the overall collagen market. This can be attributed to the adoption of collagens across the F&B industry due to its unique gelling and surface behavior properties. These properties are usually categorized into two groups. First, the properties associated with its gelling behavior such as texturizing, thickening, gel formation, and water binding capacity, and second, the properties related to its surface behavior, including emulsion, foam formation, and stabilization adhesion and cohesion, protective colloid function, and film-forming capacity.
In 2020, geographically, the North American region, is estimated to command the largest share of the global collagen market. The rising consumption of cosmeceuticals & nutraceuticals, increasing R&D activities, well-established food and healthcare industries, and easy availability of raw materials are the key factors driving this regional segment.
The key players operating in the global collagen market are Rousselot (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), LAPI GELATINE S.p.a. (Italy), ITALGELATINE S.p.A. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (Netherlands), GELNEX (Brazil), Juncà Gelatines SL (Spain), Holistic CollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.) among others.
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Scope of the report
Collagen Market, by Type
- Collagen Peptide
- Native Collagen
- Synthetic Collagen
Collagen Market, by Source
- Other Sources
Collagen Market, by Application
- Food and Beverage
- Meat and Fish Products
- Other Applications
- Hard Gel Capsules
- Soft Gel Capsules
- Sports Nutrition
- Weight Management
- Wound Dressing
- Tissue Regeneration
- Medical Implants
- Research (Cell Culture, Cell Behavior)
- Drug Delivery
- Technical Applications
Collagen Market, by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Rest of Asia-Pacific (RoAPAC)
- Rest of the World
- Latin America
- Middle East
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