Collagen Market Share, Size, Growth, Worth 2031 Forecast
Kings Research™ presents this information in its report titled, “Collagen Market Size, Share & Industry Analysis, By Product (Gelatin, Hydrolyzed Collagen, Native Collagen), By Source (Porcine, Bovine, Marine, Others), By Applications (Dietary Supplements, Food and Beverage, Pharmaceutical Products, Cosmetic & Personal Care, Others) and Regional Analysis, 2024-2031
Collagen, a vital protein found in connective tissues, bones, and skin, is gaining widespread recognition for its benefits in joint health, skin elasticity, and overall wellness. With increasing adoption in sectors such as food and beverages, cosmetics, pharmaceuticals, and nutraceuticals, the demand for collagen-based products continues to rise across the globe.
Collagen Market Size was estimated at USD 7.07 billion in 2023, and by the end of 2024, industry revenue is expected to have grown to USD 7.44 billion. With a compound annual growth rate (CAGR) of 5.53% between 2024 and 2031, the collagen market is projected to be worth USD 10.85 million by 2031.
List of Key Companies in Collagen
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The Europe Collagen Market share stood around 32.81% in 2023 in the global market, with a valuation of USD 2.32 billion. Due to several factors including the region’s well-developed healthcare infrastructure, strong consumer awareness regarding health and wellness, and a robust cosmetics industry. The aging population in the region has further contributed to the increased demand for collagen-based products, particularly those designed to address joint health and skin rejuvenation.
Key Drivers of Market Growth:
Rising Consumer Awareness of Health and Wellness The collagen market is being propelled by heightened consumer awareness of the benefits of natural health supplements. As more individuals focus on preventive health care and aging populations seek ways to maintain joint health and skin elasticity, the demand for collagen supplements has surged. This trend is particularly strong in regions such as North America and Europe, where aging demographics are a key factor.
Boom in Beauty and Personal Care Products The beauty and cosmetics industry has embraced collagen as a key ingredient for anti-aging and skin-rejuvenating products. Collagen’s ability to improve skin elasticity, reduce wrinkles, and enhance skin hydration has made it a popular component in creams, serums, and dietary supplements.
Regional Insights:
North America continues to dominate the collagen market, accounting for the largest share due to the growing demand for dietary supplements and cosmetic products. The aging population in the U.S. is also contributing to increased demand for joint health products and skin care solutions.
Europe is another significant market, with high consumer awareness and the growing trend toward natural and organic personal care products. Countries like Germany, the U.K., and France are key players in this region’s market growth.
Important Developments in the Industry
Launched in February 2024, Vecollage Fortify L is a vegan collagen formulation that is exact replica of the collagen found in skin, and it is aimed primarily at the beauty and personal care sector.
Future Outlook:
The future of the global collagen market looks promising, with robust growth expected across multiple sectors, from health and beauty to pharmaceuticals. As consumers increasingly prioritize health, wellness, and sustainable products, collagen will continue to play a crucial role in meeting these demands.
Segmentation:
By Source: The collagen market is segmented based on source into bovine, porcine, marine, and others. Marine collagen is gaining popularity due to its superior bioavailability and lower risk of disease transmission compared to other sources.
By Product: Collagen products are classified into gelatin, hydrolyzed collagen, and native collagen. Hydrolyzed collagen, known for its high absorbability, is extensively used in dietary supplements and functional foods.
By Application: The applications of collagen span across healthcare, food and beverages, cosmetics, and pharmaceuticals. The healthcare segment dominates the market, driven by the extensive use of collagen in medical treatments and supplements.
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