Collagen Market 2021 : Key Players, SWOT Analysis, Key Indicators, Forecast and COVID 19 Impact Analysis 2028

Collagen Market: Introduction

According to the report, the global collagen market was valued at US$ 4.7 Bn in 2020 and is projected to expand at a CAGR of 5.5% from 2021 to 2028. Collagen is protein molecules made up of amino acids. It provides structural support to the extracellular space of connective tissues. Due to its rigidity and resistance to stretching, it is the perfect matrix for skin, bones, tendons, and ligaments.

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Increase in Burden of Joint Conditions and Launch of New Collagen-based Products to Drive Market

The increase in burden of joint conditions is a major factor projected to drive the global market during the forecast period. Globally, the number of individuals with joint conditions such as osteoporosis and osteoarthritis is anticipated to increase significantly, owing to a surge in the geriatric population and post-menopausal women. According to the International Osteoporosis Foundation, globally, osteoporosis causes more than 8.9 million fractures each year, with around 200 million women mostly above the age of 50 years affected by this condition. According to World Health Organization (WHO) estimates, 28% of the global population above the age of 60 years suffers from osteoarthritis.

The launch of new collagen-based products is another major factor boosting the growth of the global collagen market. Manufacturers of collagen-based products are launching new products in order to provide enhanced treatment options for wound care and orthopedic applications. In March 2019, Integra LifeSciences received approval for DuraGen in Japan. DuraGen is the first and only non-autologous collagen xenograft.

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Gelatin Segment to Dominate Collagen Market

In terms of product, the gelatin segment dominated the global collagen market in 2020 and is expected to account for major share during the forecast period. This is attributed to increase in demand for gelatin in the sports nutrition and nutraceutical industries because of its high protein content. The gelatin segment is likely to be driven by surge in use of gelatin in pharmaceutical, food, cosmetics, and other industries. Gelatin is a colorless, brittle, water soluble, translucent substance with high molecular weight. It is a rich source of protein derived from collagen present in animals such as bovine, porcine, marine, and poultry. Gelatin is widely used in pharmaceutical, food, dietary supplements, and cosmetic industries.

Bovine Held Significant Share of Collagen Market

Based on source, the global collagen market has been classified into bovine, porcine, marine, and poultry. The bovine segment held major share of the global collagen market in 2020. Significant share of the segment is attributed to easy availability and competitive cost of products. Bovine collagen is a naturally occurring protein present in cartilage, connective tissues, bones, and hides of cows. This type of collagen has properties similar to collagen present in the human body. Bovine collagen benefits the nails, skin, tendons, eyes, hair, muscles, bones, and blood vessels. These factors are likely to fuel the growth of the bovine segment.

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Food & Beverage to be Lucrative Application

In terms of application, the global collagen market has been categorized into pharmaceutical & healthcare, food & beverages, cosmetic, nutraceuticals, and others. The food & beverage segment dominated the global collagen market in 2020, and the trend is likely to continue during the forecast period. Collagen is a basic ingredient in various food products. Collagen is fat-free, cholesterol-free, and low in calories. Moreover, it has high protein content. These factors make it a label-friendly ingredient in various food products. These factors boost the growth of the food & beverage segment.

The pharmaceutical & healthcare segment is projected to be the second most lucrative segment of the global collagen market during the forecast period. The segment is anticipated to expand at a significant CAGR from 2021 to 2028 due to increase in use of collagen in the treatment of joint and wound disorders.

North America to Dominate Collagen Market

North America dominated the global collagen market in 2020, accounting for 35% share. Well-established health care infrastructure and presence of key players with focus on research & development are key factors anticipated to boost the growth of the market in the region during the forecast period. Moreover, increase in geriatric population, surge in incidence of joint disorders, and high adoption of advanced products and techniques are expected to fuel the growth of the market in North America.

Asia Pacific is a rapidly expanding market for collagen. The market in the region is likely to expand at a high CAGR from 2021 to 2028, due to rise in demand for collagen, increase in geriatric population prone to joint and wound diseases, and improvements in health care infrastructure in terms of better facilities.

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Competition Landscape

The global collagen market is fragmented due to presence of large number of leading players. Key players operating in the market include Collagen Solutions plc, CollPlant Ltd., Gelita AG, Koninklijke Dsm N.v., Nippi Incorporated, Rousselot (Darling Ingredients, Inc.), Nitta Gelatin, Inc., Weishardt, Vinh Hoan Corporation, Lapi Gelatine S.p.a., Integra LifeSciences Holdings Corporation, and Getinge AB.

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