SAN FRANCISCO, May 30, 2017 /PRNewswire/ --
The global collagen market is anticipated to
reach USD 6.63 billion by 2025,
according to a new report by Grand View Research, Inc. The collagen
market is expected to witness substantial growth over the coming
years as a result of the increasing demand for collagen-based
products in healthcare for applications such as wound healing,
tissue engineering, and bone reconstruction.
(Logo:
http://photos.prnewswire.com/prnh/20160524/371361LOGO )
The growing consumption in key segments such as food &
beverages and cosmetics is also expected to propel the product
demand over the forecast period. The growing demand for the product
in the aforementioned segments can be attributed to the growing
geriatric population worldwide, wherein there is an increasing
requirement for products that facilitate the strengthening of bone
and joints, skin rejuvenation, and cell repair.
Among the application segments, the healthcare segment dominated
the industry globally. The increasing use of collagen-based
products in pharmaceutical formulations, wound healing, and
orthopedic applications. The other key applications include food
& beverages, cosmetics, and photography.
The key sources for extraction of the product include bovine,
porcine, poultry, and marine, wherein the industry is primarily
dominated by the bovine segment, as of 2015. The future growth of
the overall industry is, however, expected to be driven by the
marine segment, mainly owing to the increasing use of marine-based
products in cosmetics and healthcare applications.
Browse full research report with TOC on
"Collagen Market By Source (Bovine, Porcine, Poultry,
Marine), Product (Gelatin, Hydrolyzed Collagen), Application (Food
& Beverages, Healthcare, Cosmetics), By Region, And Segment
Forecasts, 2014 - 2025" at:
http://www.grandviewresearch.com/industry-analysis/collagen-market
Further key findings from the report suggest:
- The food & beverages and healthcare application segments
are expected to grow significantly over the coming years, projected
to grow at CAGRs of 7.2% and 6.4%, respectively, attributable to
their increasing use of gelatin and hydrolyzed collagen
- Europe dominated the overall
industry in 2016, accounting for revenues of USD 1.32 billion, as a result of extensive
R&D by key industry participants for development of advanced
anti-aging and pharmaceutical solutions
- Globally, the Asia Pacific
region is expected to grow at the highest rate of 7.5% during the
forecast period, mainly driven by increasing consumption in the
Chinese market, which is expected to grow at a CAGR of nearly 8%
during the forecast period.
- In recent years, new product developments have been among the
major growth strategies adopted by the aforementioned players to
reinforce their positions in the industry.
Browse related reports by Grand View Research:
- Coconut Sugar Market -
http://www.grandviewresearch.com/industry-analysis/coconut-sugar-market
- Calcium Aluminosilicate Market -
http://www.grandviewresearch.com/industry-analysis/calcium-aluminosilicate-market
- Choline Chloride Market -
http://www.grandviewresearch.com/industry-analysis/choline-chloride-market
- Beverage Ingredients Market -
http://www.grandviewresearch.com/industry-analysis/beverage-ingredients-market
Grand View Research has segmented the global collagen market
on the basis of source, product, application and
region:
- Source Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2025)
- Bovine
- Porcine
- Poultry
- Marine
- Others
- Product Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2025)
- Gelatin
- Hydrolyzed Collagen
- Others
- Application Outlook (Volume, Kilo Tons; Revenue, USD
Million; 2014 - 2025)
- Food & beverages
- Healthcare
- Cosmetics
- Others
- Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Read Our Blog: Collagen: Increasing demand from
cosmetics industry in emerging countries to drive demand
growth
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: +1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
SOURCE Grand View Research, Inc.