2024 Market Report by Kings Research "Collagen Market Share and Ranking, Overall Sales and Demand Forecast 2024-2031" provides an extensive examination of Collagen market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies.
Collagen Market Size was estimated at USD 7.07 billion in 2023, and by the end of 2024, industry revenue is expected to have grown to USD 7.44 billion. With a compound annual growth rate (CAGR) of 5.53% between 2024 and 2031, the collagen market is projected to be worth USD 10.85 million by 2031.
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Key Industry Developments
February 2024 (Launch): Evonik launched Vecollage Fortify L, a vegan collagen formulation identical to the collagen naturally occurring in the skin, specifically targeting the beauty and personal care market. This innovation, designed for anti-aging and hydrating creams, combines biotechnological expertise and knowledge of skin biology to replicate the effects of natural collagen on the dermis.
Top Companies:
- Amicogen, Inc.
- Ashland
- Darling Ingredients
- Nippi Collagen NA Inc.
- Tessenderlo Group
- Titan Biotech.
- Vinh Hoan Corporation
- DSM
- GELITA AG
- NITTA GELATIN, INC.
The Europe Collagen Market stood around 32.81% in 2023 in the global market, with a valuation of USD 2.32 billion. Due to several factors including the region's well-developed healthcare infrastructure, strong consumer awareness regarding health and wellness, and a robust cosmetics industry. The aging population in the region has further contributed to the increased demand for collagen-based products, particularly those designed to address joint health and skin rejuvenation.
Important Developments in the Industry:
Launched in February 2024, Vecollage Fortify L is a vegan collagen formulation that is exact replica of the collagen found in skin, and it is aimed primarily at the beauty and personal care sector.
Segmentation:
By Source: The collagen market is segmented based on source into bovine, porcine, marine, and others. Marine collagen is gaining popularity due to its superior bioavailability and lower risk of disease transmission compared to other sources.
By Product: Collagen products are classified into gelatin, hydrolyzed collagen, and native collagen. Hydrolyzed collagen, known for its high absorbability, is extensively used in dietary supplements and functional foods.
By Application: The applications of collagen span across healthcare, food and beverages, cosmetics, and pharmaceuticals. The healthcare segment dominates the market, driven by the extensive use of collagen in medical treatments and supplements.
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