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Collagen Market Size
Collagen Market size exceeded USD 4 billion in 2022 and is anticipated to grow at 8% CAGR from 2023 to 2032, owing to the escalating output from the food processing sector.
Collagen, which is the most abundant protein in the human body and animals, is being widely adopted in gelatin production. Gelatin has been gaining acceptance across the food industry for use as a major ingredient in desserts, candies, and other processed products. To cater the growing demand for processed food, the demand for gelatin is rising for its application as a food additives.
For example, the Indian MoFPI (Ministry of Food Processing Industries) implemented a Centrally Sponsored Scheme-PM Formalization of Micro Food Processing Enterprises from 2020-2021. This initiative was intended to provide technical, financial, and business support for the upgradation or setting up of 200,000 micro food processing enterprises. However, stringent regulations to limit animal abuse may limit gelatin adoption and consequently hinder the collagen market growth.
How big is the collagen market?
Global market size for collagen crossed USD 4 billion in 2022 and is projected to exhibit over 8% CAGR through 2023-2032, owing to the escalating output from the food processing sector.
Why is the demand for collagen peptides rising?
Collagen industry share from the peptides product segment is poised to depict over 8.5% CAGR through 2023-2032, given their rising application scope in nutraceuticals, owing to antioxidant, skin permeation, and anti-aging attributes.
Which companies provide collagen products?
Nutra Food Ingredients, Weishardt Holding SA, PB Leiner, Gelnex, Vital Proteins LLC, Nippi Inc, Gelita AG, Amicogen Inc, Titan Biotech Ltd, Rousselot, and Crescent Biotech are some of the key players functioning in the collagen industry.
What is the size of the Asia Pacific collagen market?
Asia Pacific market size for collagen will exhibit over 9.5% CAGR through 2023-2032, due to growing health awareness and the rise in processed food consumption.