The Collagen Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Collagen Global Market Report 2024, The collagen market size has grown strongly in recent years. It will grow from $6.38 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rise in demand for beauty products, rise in awareness about skincare, rise in food and beverage industry, growth in the sports nutrition industry.
The collagen market size is expected to see strong growth in the next few years. It will grow to $10.19 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to aging population, rising healthcare sector, rising disposable income, rise in research and development. Major trends in the forecast period include plant-based collagen, clean label products, personalized collagen supplement, digital health and apps, clinical validation.
The rapidly growing obese population is significantly contributing to the growth of the collagen market. Obesity is a dangerous disease that leads to an excessive amount of body fat. It is a medical problem that increases the risk of other diseases and health problems, such as heart disease, diabetes, and high blood pressure. Collagen supplements may increase satiety or the feeling of fullness. This could aid weight loss and management by reducing hunger and the number of calories consumed in a day. Collagen also suppress ghrelin, a hunger hormone. For instance, according to A-Minsia survey, obesity and metabolic syndrome are epidemic in developed countries worldwide, with disastrous health consequences. For instance, in March 2023, according to the World Heart Federation, a Switzerland-based non-government global cardiovascular community, around 2.3 billion adults and children were obese or overweight globally, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the rapidly growing cases of obesity help to drive the collagen market.
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The collagen market covered in this report is segmented –
1) By Product: Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen
2) By Dosage: Powder, Liquid, Capsule
3) By Source: Bovine, Porcine, Marine & Poultry
4) By Application: Food, Health care, Nutraceuticals, Personal Care & Cosmetics
Nutritional gummies, chewable soft capsules, and enteric capsules are the recent trends in the collagen market. Major companies operating in the collagen sector are focused on developing new product solutions to strengthen their position. For instance, Vital Proteins Collagen Gummies, OLLY Glowing Skin Vitamin Gummies, NeoCell Beauty Bursts Collagen Soft Chews, HairOmega Multivitamin Gummy System are some of the trending collagen gummy brands that were introduced in the market in 2021. These gummies are rich in biotin and are responsible for nourishing the skin and supporting hair and nail growth.
The collagen market report table of contents includes:
- Executive Summary
- Collagen Market Characteristics
- Collagen Market Trends And Strategies
- Collagen Market – Macro Economic Scenario
- Global Collagen Market Size and Growth
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- Global Collagen Market Competitive Benchmarking
- Global Collagen Market Competitive Dashboard
- Key Mergers And Acquisitions In The Collagen Market
- Collagen Market Future Outlook and Potential Analysis
- Appendix
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