WILMINGTON, DE / ACCESSWIRE / December 1, 2022 / Transparency Market Research Inc. - A study by Transparency Market Research (TMR) finds that the global collagen market is prognosticated to reach a value of US$ 7.1 Bn by the end of 2028. Besides, the TMR assessment notes that the market is expected to grow at a CAGR of 5.5% during the forecast period, between 2021 and 2028.
The cases of various chronic diseases including diabetes and cancer are being rising in the recent years globally. Moreover, there has been a surge in the application of biodegradable materials in the wound healing sector. Increase in the application of different types of collagen products in the field of wound healing is likely to play important role in the market growth in the forthcoming years.
The Collagen market in North America is expected to maintain its dominance during the forecast period with the U.S. as a leading market in the region. The North America market growth is ascribed to increase in the older population, rise in the prevalence of joint disorders, surge in demand for improved healthcare facilities, and increase in adoption of advanced technologies and products in the region.
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Collagen Market: Key Findings
Companies engaged in the manufacturing of different collagen-based products are investing sizable amounts in order to develop advanced products that can be useful in the delivery of enhanced treatment solutions for orthopedic and wound care applications. This aside, several enterprises engaged in the production of gelatin for food, nutrition, and pharmaceutical industries are focusing on the launch of phenol-functionalized and purified gelatin, notes a TMR study that enlightens readers on the latest collagen market trends.
Several enterprises are increasing their researches in bone graft matrices, which are intended to offer scaffold for a patient to develop a new bone. Generally, these products find application in spinal fusion surgeries, states TMR report for collagen market. Hence, a rise in the demand for purified gelatin in spinal fusion surgeries is projected to create lucrative prospects in the market in the near future.
The demand for varied collagen products is being increasing in different industry verticals such as the food & beverages, pharmaceutical & healthcare, nutraceutical, and cosmetics industry. The market players are expected to observe profitable prospects from the food & beverage segment during the forecast period. This segment growth is ascribed to several key factors including rise in the utilization of collagen as a basic ingredient in different food products owing to its varied advantages including cholesterol-free, low-calories, and fat-free nature together with the presence of high protein contents in it. Owing to these advantages, collagen is gaining traction as a label-friendly ingredient in manifold food products. Thus, the market players are prognosticated to gain prominent business opportunities in the food & beverage sector during the forecast period.
Collagen Market: Growth Boosters
Increase in the application of collagen in drug delivery systems and medical devices is projected to lead to the expansion of the collagen market size during the forecast period
Rise in the inclination toward the use of minimally invasive technologies in the healthcare industry is likely to boost the collagen market growth in the near future
Surge in the application of varied collagen products in the wound healing field is expected to drive the market expansion
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Collagen Market: Key Players
Some of the key players profiled in the report are:
Collagen Solutions Plc
Koninklijke DSM N.V.
Rousselot (Darling Ingredients, Inc.)
Nitta Gelatin, Inc.
LAPI GELATINE S.p.a.
Vinh Hoan Corporation
Integra LifeSciences Holdings Corporation
Collagen Market Segmentation
Pharmaceutical & Healthcare
Food & Beverages
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Middle East & Africa
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