The global collagen market is
anticipated to reach USD 6.63 billion by 2025, according to a new
report by Grand View Research, Inc. The collagen market is expected to
witness substantial growth over the coming years as a result of the
increasing demand for collagen-based products in healthcare for
applications such as wound healing, tissue engineering, and bone
reconstruction.
The
growing consumption in key segments such as food & beverages and
cosmetics is also expected to propel the product demand over the
forecast period. The growing demand for the product in the
aforementioned segments can be attributed to the growing geriatric
population worldwide, wherein there is an increasing requirement for
products that facilitate the strengthening of bone and joints, skin
rejuvenation, and cell repair.
Among
the application segments, the healthcare segment dominated the industry
globally. The increasing use of collagen-based products in
pharmaceutical formulations, wound healing, and orthopedic applications.
The other key applications include food & beverages, cosmetics, and
photography.
The
key sources for extraction of the product include bovine, porcine,
poultry, and marine, wherein the industry is primarily dominated by the
bovine segment, as of 2015. The future growth of the overall industry
is, however, expected to be driven by the marine segment, mainly owing
to the increasing use of marine-based products in cosmetics and
healthcare applications.
To Request for Sample Copy Of This Report: http://www.grandviewresearch.com/industry-analysis/collagen-market
Further key findings from the report suggest:
- The food & beverages and healthcare application segments are expected to grow significantly over the coming years, projected to grow at CAGRs of 7.2% and 6.4%, respectively, attributable to their increasing use of gelatin and hydrolyzed collagen
- Europe dominated the overall industry in 2016, accounting for revenues of USD 1.32 billion, as a result of extensive R&D by key industry participants for development of advanced anti-aging and pharmaceutical solutions
- Globally, the Asia Pacific region is expected to grow at the highest rate of 7.5% during the forecast period, mainly driven by increasing consumption in the Chinese market, which is expected to grow at a CAGR of nearly 8% during the forecast period.
- In recent years, new product developments have been among the major growth strategies adopted by the aforementioned players to reinforce their positions in the industry.
Grand View Research has segmented the global collagen market on the basis of source, product, application and region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Bovine
- Porcine
- Poultry
- Marine
- Others
Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Gelatin
- Hydrolyzed Collagen
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Food & beverages
- Healthcare
- Cosmetics
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- North America
- US.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-collagen-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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