According to the research report published by Future Market Insights, the worldwide collagen derivatives market is on a trajectory of substantial growth, with projections indicating a surge from US$ 8,694.1 million in 2023 to an impressive US$ 15,865.2 million by 2033, boasting a robust CAGR of 6.2%. Key trends driving this growth include the increasing penetration in the food & beverage industry, heightened social awareness about personal well-being, and the rising demand for anti-aging ingredients. Collagen derivatives, utilized across various sectors including cosmetics, food and beverages, and pharmaceuticals, offer unique properties such as enhanced solubility and texture, making them indispensable in numerous applications.
The market demand for collagen derivatives is witnessing a significant upsurge, fueled by factors such as increasing consumer preference for natural and organic supplements, rising health consciousness, and the growing popularity of protein-oriented diets. Consumers, particularly in developed regions like North America and Europe, are increasingly inclined towards collagen-based products owing to their perceived health benefits and suitability for various applications in nutraceuticals, cosmetics, and functional foods.
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Several factors contribute to the remarkable growth of the collagen derivatives market. These include the burgeoning nutraceutical industry, where collagen derivatives find extensive use in promoting joint health, skin rejuvenation, and overall well-being. Moreover, the advent of innovative collagen-based products, coupled with growing consumer awareness and acceptance, is driving market expansion. Additionally, the preference for sustainable and natural ingredients is propelling the adoption of marine-sourced collagen, further augmenting market growth.
Key Takeaways from the Collagen Derivatives Report:
- The global collagen derivatives marketis expected to reach a valuation of US$ 15,865.19 million by 2033.
- Global demand for collagen derivatives is likely to soar at 2% CAGRover the forecast period.
- Based on dosage form, the powder segment is anticipated to reach a valuation of US$4% million by 2033.
- By Source, the bovine segment is likely to reach a market value of US$ 6% in 2033.
- On the basis of the application, the nutraceuticals segment is expected to clock a staggering CAGR of 7%
- The United States is projected to hold a dominant value share of 7% in the global market by 2033.
- The Germany collagen derivatives market is projected to reach a valuation of US$ 593.0 million by 2033.
- India market is estimated to witness a value CAGR of 0% during the projection period.
“Due in large part to their wide-ranging potential for use in a variety of sectors, including food and beverage, nutraceuticals, medicines, and cosmetics, the market for collagen derivatives is expanding quickly. The market is expanding as a result of rising demand for natural ingredients in these industries and rising public awareness of the advantages collagen derivatives have for health. The distinct qualities of collagen derivatives” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Rousselot, PB Collagen, Nippon Collagen, Gelita, Weishardt, PB Gelatin, Nitta Gelatin
Darling Ingredients, Tessenderlo Kerley, Collagen Solutions
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance,
- In 2022, Ultima replenisher introduces a new product in its lineup, the Collagen and Electrolytes Powder.
- In 2022, PB Leiner, with 80% ownership by Tessenderlo Group, established a joint venture with Hainan Xiangtai Group. The purpose of this partnership is to produce and market fish collagen peptides.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Collagen Derivatives market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the collagen derivatives market based on By Source (Bovine, Marine, Porcine), By Dosage Form (Liquid, Powder), By Application (Food and Beverage, Pharmaceutical, Cosmetics, Nutraceuticals)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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