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MARKETING

Rising use in F&B sector to fuel global collagen market size through 2026
Friday, 31 July, 2020, 08 : 00 AM [IST]
Our Bureau, Mumbai
Growing health concerns and the need to have a healthy diet is anticipated to drive new demand in the global collagen market through 2026.

Collagen is increasing used in end-user applications across sectors such as healthcare, food, cosmetics, and nutraceuticals. As customers continue to steadily incline towards health supplements, the product may record sizeable demand over the coming years.

Some of the advantages of collagen supplements include its ability to relieve joint pain, prevent bone loss, enhance skin health, promote heart health, and boosts muscle mass. Based on these factors, a research report by Global Market Insights, Inc., estimates that the global collagen market is likely to exceed a valuation of $6 billion through 2026.

With reference to source, the porcine segment was valued for more than $1 billion in 2019. Collagen is derived from porcine which is later used as a gelling agent. These gelatins have certain gelling properties that are derived from pigs. They are used in the food and beverage industry to produce confectionery and bakery products, desserts, and jams. Growing demand for jellies and jams worldwide is likely to foster the porcine segment share over the forthcoming timeframe.

Speaking of dosage form, the powder dosage segment is likely to observe significant demand, growing more than $1.6 billion through the end of forecast timespan. Collagen is among the major structural proteins that help to form connective tissues and skin.

The product is prepared using fish scales, hides, and bones. Collagen powder plays a key role in the healthcare sector as it is used to reduce the symptoms of arthritis. Growing R&D activities to treat arthritis is likely to impel market growth through 2026.

Geographically, North America collagen market is projected to grow more than 6% through the study period. Collagen is used to produce personal care products due to its positive effects on health. Increasing demand for skincare products across North America due to increasing importance over personal grooming would foster regional market outlook in the future.

In addition, market players in the region are engaged in the manufacturing of good health and cosmetic supplements that are based on collagen. Innovative advertisements by these firms displayed via social media, campaigns, banners, and sponsorships would impel North America collagen market growth.

Meanwhile, manufacturing and advertisements companies across the world are also working towards innovating new collagen-based products to set them apart from the growing competition in the market. Taking February 2020 for instance, Great Lakes Gelatin Co., a US-based collagen and gelatin product manufacturing company, reportedly launched four flavours of collagen hydrolysate, namely Mixed Berry, Vanilla, Lemon + Lime, and Apple + Cucumber.

The competitive landscape of the global collagen market is inclusive of players such as Darling Ingredients, Vinh Hoan Corporation, Nitta Gelatine, LapiGelatineS.p.a, Weishardt Group, Gelita AG, and Gelnex among others.
 
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