Collagen Market To Generate Revenue worth $7,951.0 Million by 2030
- Published: February 2024
The collagen market is expected to witness a CAGR of 6.5% during 2024–2030, reaching USD 7,951.0 million by 2030. The key growth drivers for the market are the rise in the demand for beauty products, cosmetics, and dietary supplements, the rising customer preference for natural ingredients, and globalization. In the pharmaceutical industry, collagen is used to produce sponges and membranes for drug delivery systems. Moreover, it is biodegradable, reduces waste accumulation, and lowers the environmental impact.
Growing Demand for Collagen-Based Cosmetics Is Driving Market
The main factor that is driving the market is the increasing demand for cosmetics that contain collagen as a natural moisturizer and humectant. Such cosmetic products include serums, lotions, and anti-aging creams. Moreover, collagen-based face masks have an important role in refreshing the skin, improving its texture, and providing hydration. Collagen is also added to eye creams to reduce the appearance of dark circles and puffiness. Makeup powders and foundation also contain this ingredient to offer a smooth appearance to the skin.
Further, the currently available dietary products do not have the essential nutrients required for optimal skin health. This lack of nutrition has raised the demand for nutricosmetics for boosting the overall health by supplying the skin with the essential nutrients. People nowadays are focusing more on nourishing the skin from the inside out, which adds fuel to the growth of the market.
Marine Source Category Is Rapidly Growing
Based on source, the marine category is expected to have a CAGR of 5% from 2024 to 2030 in the market. Marine-creature-derived collagen has smaller molecular sizes, which leads to a high absorption rate and bioavailability in the body. This protein essentially helps improve skin elasticity and hydration and reduces signs of aging. Further, it is hypoallergenic, which makes it appropriate for people who are allergic or sensitive to other sources.
Collagen obtained from marine species is sourced sustainably by making use of the fishing industry byproducts. This feature attracts customers who are concerned about the environment. Moreover, it can be used in various applications, such as functional foods, dietary supplements, personal hygiene products, and cosmetics.
Europe Is Dominating Market
Europe is dominating the market, with a share of 45%. The collagen market in Europe is mainly governed by the strict food and drug safety regulations of the European Commission. Moreover, the use of premium collagen in the production of bone and tissue reconstruction patches will accelerate the market advance. Regional demand is also fueled by the rising use of collagen-containing food products, cosmetics, beverages, and pharmaceuticals. Further, the increasing need for purified collagen casings for meat will drive the market.
In Europe, much of this protein is obtained from bovine and porcine sources. The continent is home to a large population that consumes red meat, which propels the meat processing industry. This, in turn, increases the production of collagen as the region is home to large-scale abattoirs.
Some of the major market players are Gelita AG, Nitta Gelatin NA Inc., Weishardt Holding SA, Tessenderlo Group NV, Nippi Collagen NA Inc., Titan Biotech, Vinh Hoan Corporation, Amicogen, Collagen Solutions Ltd., Lapi Gelatine S.p.a, Rousselot, and ConnOils LLC.