Increasing Usage of Collagen Products in the Cosmetic Industry is Projected to drive the Demand for Collagen Market

The individual mainly uses cosmetics to beautify and improve the skin, promoting attractiveness and altering the consumer's outlook. The people of developing countries are becoming more conscious towards their appearance and skin health due to which the individuals have changed their standard of living. Consumers can get a variety of cosmetics according to their requirements. In earlier times, the manufacturers avail a large variety of cosmetics, especially for women, but nowadays, many products are available for men's grooming. The cosmetic industry is growing significantly faster with the increasing demand.

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Data Bridge Market Research analyses that the collagen market is expected to grow at a CAGR of 5.52% in the forecast period of 2021 to 2028 and is expected to reach USD 5769.58 billion by 2028. The growing use of collagen products as a food stabilizer because of their unique features helps maximize the body's strength, which leads to optimizing the demand for collagen in the market. So, increasing collagen products as a food stabilizer is expected to drive the global collagen market.

Rising Collagen Application as Biomaterials in the Laboratories is expected to drive the Market's Growth Rate

Biomaterials are gaining importance in various branches of medical science such as arthroplasty, cochlear implants, dental fixation, and tissue engineering. Collagen fulfills almost all the biomaterial requirements due to its excellent mechanical strength, flexibility, biodegradability and biocompatibility. Collagen can effectively absorb a variety of body fluids to release necessary nutrients. Collagen, an advantageous material for human science, is still under research to develop bioengineering tissues. The study is still in process for the increased application of collagen for various treatments of blood vessels and ligaments. With that, the market may get some new collagen-based drugs shortly. Thus, the growing collagen application as the biomaterials in the laboratories, especially for conducting various kinds of new experiments, is expected to create opportunities for the global collagen market.

Report Scope and Market Segmentation

Segment Analysis:

The global collagen market is categorized into seven notable segments which are based on the basis of type, raw material, form, method, and end-user.

• On the basis of product type, the collagen market is segmented into gelatin, hydrolyzed collagen, native collagen, collagen peptide, and others. In 2021, the gelatin segment is expected to dominate the market, growing with the highest CAGR of 5.8%\

The gelatin segment is expected to dominate the market, growing with the highest CAGR of 5.8%

In 2021, the gelatin segment is expected to dominate the market, growing with the highest CAGR of 5.8% in the forecast period of 2021 to 2028 because of maintaining thermal stability, which has widened its application in each and every industry, such as animal feed, laboratories, and several others. Additionally, the gelatin segment is expected to dominate due to the high elasticity, which can maintain the softness of the food that increases prevalence in the global food industry.

• On the basis of type, the collagen market is segmented into type I, type II, type III, and type IV. In 2021, type I segment is expected to dominate the market, growing with the highest CAGR of 6.3% in the forecast period of 2021 to 2028 because type I could be formulated with all other types in order to produce double proteinaceous products. Additionally, type I is expected to dominate the market because of the huge demand for products that can maintain cartilage health and because it improves skin health by reducing dryness.
• On the basis of form, the collagen market is segmented into powder and liquid. In 2021, the powder is expected to dominate the market, growing with the highest CAGR of 5.8% in the forecast period of 2021 to 2028 because the liquid is used only in pharmaceuticals, but powder has application in various sectors. Additionally, the powder segment is expected to dominate because the consumers find that the powder form can maintain the versatile taste of the products and also because the powdered form can be added to any food to maintain the flavor level in the food items.
• On the basis of source, the collagen market is segmented into bovine, poultry, porcine, marine, and others. The bovine segment is further segmented into cattle, buffaloes, yak, and others. In 2021, bovine is expected to dominate the market, growing with the highest CAGR of 5.7% in the forecast period of 2021 to 2028 because of the easy availability of the raw material that is farm animals from which the collagen is extracted. Additionally, bovine is expected to dominate because of its high usage as a biomaterial in laboratories and across the pharmaceutical for manufacturing material used in wound coverings.
• On the basis of product category, the collagen market is segmented into GMO and non-GMO.

The non-GMO is expected to dominate the market growing with the highest CAGR of 5.7%

In 2021, non-GMO is expected to dominate the market growing with the highest CAGR of 5.7% in the forecast period of 2021 to 2028. Moreover, the non-GMO segment is expected to dominate because in the country such as China the collagen has a high application of non-GMO products in biomedical materials and also because of the extreme demand for organic products by consumers.

• On the basis of function, the collagen market is segmented into texture, stabilizer, emulsifier, finding, and others. In 2021, the stabilizer is expected to dominate the market, growing with the highest CAGR of 6.6% in the forecast period of 2021 to 2028 because of the growing food industry where collagen is used as a stabilizer. The stabilizer segment is expected to dominate because of the increased usage of stabilizers in cosmetics that could hold the moisturizing level and also due to its high usage in nutraceuticals and dietary supplements.
• On the basis of application, the collagen market is segmented into food products, beverages, nutraceuticals, and dietary supplements, cosmetics and personal care, animal feed, laboratory tests, and others. In 2021, food products are expected to dominate the market, growing with the highest CAGR of 5.7% in the forecast period of 2021 to 2028 because of the increasing growth of the food industry. Moreover, the food products segment is dominating because the countries such as China, individuals highly consume fish products as it is proteinous food.

Major Players

Data Bridge Market Research recognizes the following companies as the major collagen market players in 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), TrobasGelatine B.V. (Netherlands), GELNEX (Brazil), JuncàGelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.).

Market Development

• In February 2020, DSM made an investment in high-performance materials due to rising demand in North America. The expansion launch helps increase the business's revenue and the company's customer base.
• In March 2021, GELITA USA opened its new collagen peptide unit, a 30,000-square-foot production unit at the complex's southeastern end in the Port Neal industrial area near Sioux City, Iowa. This expansion is primarily driven by GELITA's collagen peptides' double-digit market growth, particularly in the health and beauty markets, which shows no signs of abating in the near future.
• In January 2021, At the virtual Beauty & Skincare Formulation Conference 2021, Rousselot, a Darling Ingredients brand that produces collagen-based solutions, launched MSC-certified marine collagen peptides: Peptan. This ingredient is derived from 100% wild-caught marine white fish and is certified by the Marine Stewardship Council (MSC). It is primarily used in premium nutricosmetics and dietary supplements. The ingredient is manufactured in France by Rousselot and is available worldwide. The rising new product developments with collagen sourced from wild-caught ocean fish and the rising demand for fish collagen beauty and dietary supplement products are the major driving factors behind the launch.
• In February 2020, PB Leiner had opened a new collagen peptides line nearby the company site in Argentina. The expansion helps in widening the production capacity that generates the revenue of the business

Regional Analysis

Geographically, the countries covered in the collagen market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in collagen market during the forecast period

North America dominated the collagen market owing to the increasing demand for nutrient supplements made primarily from collagen. North America will continue to dominate the collagen market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.

Asia-Pacific is estimated to be the fastest-growing region in collagen market

Asia-Pacific is expected to grow during the forecast period due to the increasing consumption of collagen in animal feed to increase animal protein levels. In addition, the growing presence of major market players are expected to propel the market's growth rate in this region.

COVID-19 Impact on Collagen Market

The COVID-19 pandemic significantly impacts the food and beverage industry as a whole. The isolation rules have resulted in a lack of supply and disruption in the supply chain, which has hampered the market's domestic players. On the other hand, there is an increase in demand for products with a high nutritive value that provide multiple health benefits. Collagen is commonly found in supplements aimed to assist elderly population. The aging population's demand for collagen-based supplements is expected to boost health, immunity, and overall wellness. Furthermore, as consumers' health concerns grow as a result of pandemics, they are paying more attention to food and beverage product labels. This is expected to create numerous opportunities for food and beverage manufacturers to increase their market share.

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