Global Collagen Market is expected to grow with the CAGR of 6.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Collagen market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in collagen market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

• In January 2020, HYOSUNG expanded business by increasing the company’s presence in European electric power market. The expansion helps in maximising the customer base of the company which generates revenue of the business.

Ashland is the dominating player in global collagen market. The other key players existing in the market includes DSM, Collagen Solutions Plc, Rousselot (A Subsidiary of Darling Ingredients Inc.), GELITA AG, Jellagen, Advanced BioMatrix, Inc., COBIOSA, GELNEX, Nippi Collagen NA Inc., et-chem, Pb Liener (A Part of Tessenderlo Group), EWALD-GELATINE GMBH, KENNEY & ROSS LIMITED MARINE GELATIN, ConnOils LLC, ITALGELATINE S.p.A., LAPI GELATINE S.p.a., JUNCÀ GELATINES SL and Holista Colltech.

Ashland

Ashland headquartered in U.S. The company engaged in manufacturing of innovative as well as specialist chemicals which are used in consumer skin care products. The company offers various products such as by chemistry and by industry and the market focused product is by chemistry in collagen market. The company has wide global presence across the globe such as North America, Latin America, Europe, Asia-Pacific among others. The company also generates its revenue through its subsidiaries such as ISD Canada Corp. (Canada), Ashland Canada Corp. (Canada), Hercules Korea Chemical Co. Ltd. (Korea), and Ashland Netherl and B.V.(Netherland) among others.

For instance,

• In November 2019, Ashland was awarded with the Sustainable Beauty Award for Cb2- Skin biofunctional product. The award helped in increasing sales and generating revenue of the business

DSM

DSM founded in 1902 and is headquartered in Pennsylvania, U.S. The company is engaged in manufacturing of high quality of biomedical materials which has wide range of application in medical industry. The company offers various products such as UV filters, skin bioactives, quali vitamins, polymers, emulsifiers, visual and sensory modifiers, aroma ingredients among which skin bioactives is market focused segment.

The company has wide global presence in Asia-Pacific, North America and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as DSM (China) Ltd. (China), Dsm Re Switzerland Ag (Switzerland), Glycom A/S (Denmark), Fortitech (U.S.) among others. For Instance,

• In February 2020, DSM invested in the high performance materials due to increasing demand in North America. The expansion helps in increasing the customer base of the company which generates revenue of the business.

 Collagen Solutions Plc

Collagen Solutions Plc. founded in 2014 and is headquartered in Churchyard, London. The company is engaged in manufacturing of high quality of collagen based biomaterials with medical grade. The company offers various products such as collagen, tissues among which collagen is market focused segment. The company has wide global presence in Europe, Middle East and Africa, North America and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Collagen Solutions (UK) Limited (U.K.), Collbio Limited (U.K.) and Southern Lights Ventures 2002 Limited (New Zealand).

For Instance,

• In January 2020, Collagen Solutions Plcdone new manufactures agreement with Olaregen Therapeutix in order to manufacture Excellagen. The agreement helps in increasing the customer base of the company which generates revenue of the business.