Collagen Market Analysis Report By Source (Bovine, Marine, Porcine), By Application (Food & Beverages, Healthcare, Cosmetics), By Product (Gelatin, Hydrolysed), And Segment Forecasts, 2018 - 2025

Industry Insights

The collagen market size was estimated at USD 3.99 billion in 2017. Increasing end-user applications of collagen and booming cosmetic industry are providing a fillip to the market. The product finds extensive application in the healthcare industry. It is used for various applications in the cosmetics industry due to high demand for cosmetic surgeries and wound healing treatments. Increasing consumer spending capacities coupled with burgeoning popularity of skin surgeries are likely to help the market gain significant momentum over the coming years.

Key players in the market operate through a limited number of production capacities with product manufacturing units located close to raw material source, leading to low raw material procurement costs. In addition, companies are involved in distribution of the product through vast distribution networks spread across major consuming economies in Europe and North America.

Demand for the product is projected to witness an upswing over the coming years due to growing end-use applications. Besides this, changing consumer preferences and lifestyles, increasing disposable income, and rising awareness regarding health and personal care are poised to stimulate the growth of the market. Developing economies of Asia Pacific including China, India, and Malaysia are anticipated to experience a robust market growth over the next few years.

There is a high demand for gelatin and hydrolyzed collagen across the food & beverage industry, as the product is an essential protein for human body and has multiple nutritional, skin, and health benefits. However, concerns regarding transfer of diseases are inhibiting the growth of the market.

The industry is regulated by laws and regulations governing the animal-based raw materials and ingredients that are used in the production of the product. The European Parliament has been instrumental in framing such regulations. Collagen manufacturers and end-use product manufacturers in Europe are required to comply with specifications and requirements notified in regulations. Specifications associated with procurement and testing of raw materials of animal origin for human consumption might make the process of raw material procurement slightly cumbersome and hinder manufacturing process.

Source Insights

Bovine, porcine, poultry, and marine are the four main sources required for manufacturing collagen. Bovine source accounted for the leading share of over 35.0% of the overall market revenue in 2017, on account of abundance of bovine sources and relatively lower price as compared to marine and porcine sources. However, concerns regarding transfer of diseases such as bovine spongiform encephalopathy (BSE) to humans due to consumption of bovine-based products are estimated to restrict the growth of the segment over the forecast period.

There has been an increase in inclination towards marine source in recent times. Consequently, the segment is likely to post a CAGR of 7.6% over the forecast period. Marine collagen is superior in properties to that of bovine or porcine sources, owing to its high absorption rate and bioavailability. However, marine collagen costs relatively higher than bovine and porcine collagen.

Product Insights

The gelatin segment dominated the global collagen market in 2017 owing to substantial demand for the product as a food stabilizer. The growth of the fishing industry in India and China has attracted gelatin manufacturers to establish their bases in Asia Pacific to use fish as a raw material for gelatin production. Another factor fueling the demand for gelatin in developing economies is lifestyle changes leading to increased consumption of gelatin.

The market for hydrolyzed collagen is projected to exhibit the fastest growth over the forecast period, backed by its increasing use in the healthcare sector for tissue repair and dental applications. Increasing efforts by companies to use hydrolyzed collagen in the treatment of bone related disorders, such as osteoarthritis, are also supplementing the growth of the segment.

Application Insights

Key applications of the product include food & beverages, healthcare, and cosmetics. Healthcare was the largest application segment in the market in 2017 and is poised to retain its position until 2025. The segment is anticipated to command about half of the market revenue by 2025. Collagen is gaining popularity in the healthcare sector as a bone void filler owing to its ability to encourage bone development. Increasing demand for collagen sponges to carry proteins in bone repairing treatments is expected to benefit the growth of the overall market.

The food & beverages segment is estimated to register the highest growth during the same period owing to spiraling demand for dietary supplements and functional food and beverages in North America and Europe. Rising popularity of collagen as a cosmetic ingredient to prevent ageing effects such as wrinkles is likely to open new market avenues over the forecast period.

Regional Insights

Europe was at the forefront of the global arena in 2017. The market in this region is likely to benefit from the presence of major sugar confectionery manufacturers such as Britannia Superfine and Astir. Rapid growth of the meat processing industry in the region is stirring up the demand for collagen. The region has a large number of slaughterhouses. This, in turn, is encouraging product manufacturers to set up their plants in this region.

Asia Pacific is projected to emerge as the most promising region during the forecast period, with a CAGR of over 7.0%. The region is characterized by presence of a well-established meat processing industry coupled with high expenditure on industrial development by governing agencies to propel economic development. In addition, high investments in research & development activities to produce collagen-based products are poised to spur the growth of the regional market.

Collagen Market Share Insights

Some of the key players operating in the market are Collagen Matrix; Koninklijke DSM N.V.; Rousselot BV; CONNOILS LLC; and Advanced BioMatrix, Inc. These companies are actively involved in research & development of advanced products that provide additional options such as customizable emulsification and gelling.They operate in multiple locations and market their products through numerous sales networks across the globe including third-party distribution channels.

Key players in the market operate in multiple locations with manufacturing facilities situated near abundant sources of raw materials and carry out distribution through several sales locations across the area of operation. Therefore, most of the key market players are focusing on strengthening their market position in emerging and local markets, especially in Asia Pacific and the Middle East & Africa, through geographic expansion and strategic alliances.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at a global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global collagen market report based on source, product, application, and region:

• Source Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Bovine

  • Porcine

  • Poultry

  • Marine

  • Others

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Gelatin

  • Hydrolyzed collagen

  • Native collagen

  • Others

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Food & Beverages

  • Healthcare

  • Cosmetics

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

    • Vietnam

    • Thailand

    • Philippines

  • Central & South America

    • Brazil

    • Mexico

    • Ecuador

    • Peru

    • Bolivia

    • Chile

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • Turkey