Report Code: 12908 | Available Format: PDF | Pages: 190
The collagen market generated revenue of USD 5,155.3 million in 2023, which is expected to witness a CAGR of 6.5% during 2024–2030, reaching USD 7,951.0 million by 2030. This is associated with the rise in the demand for beauty and cosmetic products and protein supplements, aging population, product development, shifting consumer choice toward natural ingredients, and globalization. Further, collagen is used in the pharmaceutical industry to produce sponges and membranes for drug delivery systems.
One of the main drivers for the consumption of collagen-based products is their biodegradability, which helps in the reduction of waste and minimization of the environmental impact.
The market is being driven by the increasing use of cosmetics for a wide range of purposes.
Collagen-based face masks are used to refresh the skin, improve its texture, and provide hydration. Moreover, certain lip balms and plumpers contain this ingredient to give the lips a fuller appearance. It is also used in eye creams to reduce dark circles, puffiness, and crow’s feet around the eyes. Some makeup products, such as powders and foundations, also contain it to give a smooth appearance to the skin and provide added moisture.
Additionally, an increasing number of customers have adopted an integrated approach to skin health, which focuses on nourishing the skin from the inside out. Customers are now more interested in natural ingredients and products that offer skin regeneration and anti-aging benefits. Consequently, cosmetics organizations are enhancing their skincare and beauty lines with collagen-based compositions.
Based on product, the gelatin category dominated the market, with a share of 45%, in 2023.
Gelatin is used in considerable amounts in the food industry as a result of the lifestyle and dietary changes, changing customer preference toward high-nutrition products, increasing concerns over health and fitness, and regulatory approval for its addition to food products. It is currently used in high volumes in chewable soft capsules, enteric capsules, and nutritional gummies. Moreover, it is being adopted in other industries, such as photography, cosmeceuticals, and nutraceuticals.
Fish is a significant source of gelatin. India and China are experiencing tremendous growth in their fishing industry due to the rising demand for fish products and favorable government policies.
The hydrolyzed collagen category will witness a CAGR of 7% from 2024 to 2030.
The hydrolysis process breaks down the protein into smaller amino acids or peptides. This process makes the collagen more easily absorbed by the body than other variants. The quick growth in the consumption of hydrolyzed collagen is due to the rising interest for advantageous, effectively absorbable, and flexible collagen-based items among customers looking for wellbeing, health, and beauty solutions.
Based on source, the bovine category dominates the market with a share of 55%.
The demand for bovine-based products is increasing in medical applications to treat a variety of illnesses, such as osteoporosis, and improve skin health. The usage of bovine collagen to prevent bone loss has increased because of the growing risk of rheumatoid arthritis. Bovine-derived supplements also help with digestion, gut healing, muscle strength, nail strength, hair growth, and skin plumping and hydration.
Bovine collagen is also significantly used in the cosmetics industry due to its skin elasticity, moisturizing, and anti-wrinkle properties. Additionally, the low cost of bovine-based products than those extracted from other sources is adding fuel to the growth of the market.
Based on application, food and beverage products dominated the market, with a share of 50%, in 2023.
Collagen is a naturally occurring protein found in the body that fits the standard of clean-label ingredients. Currently, the increasing preference of customers for natural and recognizable ingredients in their food and beverages is compelling the addition of collagen in these products. F&B organizations are continuously researching ways to incorporate this ingredient into products that rightly fit with the customer preferences for convenience, taste, and health benefits.
The cosmetics category is predicted to undergo significant growth in the forecast period. This protein is used in many cosmetics to fight aging. Collagen coverings are frequently used to cover the bones or sores in case of any accidents, where they protect the wound from pathogens.
Report Attribute | Details |
Market Size in 2023 |
USD 5,155.3 Million |
Market Size in 2024 |
USD 5,445.4 Million |
Revenue Forecast in 2030 |
USD 7,951.0 Million |
Growth Rate |
6.5% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Product; By Source; By Application; By Form; By Region |
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APAC is expected to be the fastest growing region, with a CAGR of 7.5%, from 2024 to 2030.
Further, people in this region strongly emphasize skincare and beauty, due to which the associated products have become widely popular. The regional market is further backed by the increasing cosmetics usage, advancing food technology, and government initiatives that promote the use of this protein various applications.
The collagen market has robust competition mainly due to the increase in the consumer demand for wellness and health products. Through varied product portfolios and technological advancements in the extraction and formulation of collagen, major players aim to dominate the market. Collagen is consumed in high volumes in different applications, such as food, beverages, cosmetics, and healthcare, which increases competition and compels businesses to differentiate themselves by maintaining product quality, efficacy, and sustainability.
New entrants concentrate on innovation and specialty offers to acquire momentum, while established firms make a profit from their wide distribution networks and brand awareness. R&D efforts and strong marketing strategies are also being employed to stay ahead.
The report analyzes the impact of the major drivers and restraints on the collagen market, to offer accurate market estimations for 2017 –2030.
The industry for collagen will reach USD 5,445.4 million in 2024.
The collagen market value will reach USD 7,951.0 million in 2030.
The European market for collagen is the largest.
The surging utilization of cosmetics for various purposes is the key collagen industry driver.
Gelatine hold the larger collagen market share.
The collagen industry is highly competitive with the rising customer demand for health and wellness products.
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