The atelocollagen market to register a CAGR of 5.5% during the forecast period, up from US$ 8.3 Billion in 2022 to reach a valuation of US$ 14 Billion by 2032.
Owing to its moisturising properties, demand for atelocollagen is rapidly increasing due to its utilised in natural skincare products. Sources often find three varieties of atelocollagen: bovine, porcine, and shark. Apart from these three, a kind of atelocollagen known as tilapi exists.
Growing public awareness about skincare promotes sales of anti-aging and skin-repairing treatments, which drives demand for atelocollagen products even higher. North America is predicted to have the largest market share of all the major regions, followed by Europe.
Apart from its wide array of uses, it has another great property. It is highly soluble and can re-engineer into different shapes. It is high in purity, and its high plasticity property makes it preferable for cosmetics and medical industry. Atelocollagen, which is a protein gets extracted by solubilization process of collagen generally obtained from cow skin or shark fin.
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Atelocollagen Market: Market Dynamics
Atelocollagen is used in natural skin care products due to its hydrating agent property. In general, three types of atelocollagen are found by sources – bovine, porcine, and shark. Apart from these three, there is another type of atelocollagen seen as tilapi. These atelocollagen have a moisturizing effect and used in skin lotion, cream, beauty essences for the cosmetic industry.
In recent days, manufacturers are using atelocollagen into their products owing to its several benefits related to human skin. Apart from its skincare benefits, it is .also known for its high degree of purity and high plasticity, which make it a perfect cosmetic protein. Atelocollagen is biodegradable; it means it can easily use in the field of cosmetics, medical devices, and in medicine. Its high elasticity allows it to reengineer into different shares such as powder, gel, films, sponge-like structure etc.
Thus it can be easily used in different industries in different forms. These properties and features represent the benefits of using atelocollagen into different products and thus there has been a significant usage recorded into the industry in past few years.
Atelocollagen is also used in tissue regeneration which further rises the demand for atelocollagen across the globe. The players across the global are focused on an innovation such as cell tissue engineering in cosmetics and other applications. Manufacturers of atelocollagen are continuously investing into their R&D to come up with new products every time. Atelocollagen manufacturers have already contributed to a higher quality of life for millions by providing a wider usage of atelocollagen into several industries with their respective products.
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Atelocollagen Market: Regional Outlook
Atelocollagen market has experienced a significant demand in the market owing to its features such as it can be shared in different forms i.e., powder, gel and presence of anti-aging and other skincare properties drive the demand of atelocollagen. Growing skincare concern among population boosts the sale of anti-aging and skin-repairing products, which further drives the demand for atelocollagen products.
The North America market is expected to hold the highest share among all other region followed by Europe. The Asia Pacific region is expected to grow at a significant pace due to the increasing demand from China, Japan, India, Korea, and other countries in this region. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.
Atelocollagen Market: Key Players
Some of the major players in the atelocollagen market are Koken Co.,Ltd, Colway International S.A. , Integra LifeSciences, Innocoll GmbH, Sewon Cellontech Co., Ltd., Shengchi, Taike Bio, Collagen Solutions, Collagen Matrix, Symatese, Shuangmei, Maverick Biosciences, REPROCELL USA Inc., Stryker, interchim, Encoll, and DSM, and others.
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