The collagen market is projected to grow at a CAGR of 5.4% during the forecast period
According to MarketsandMarkets, the collagen market is estimated to be valued at USD 4.1 billion in 2021 and is projected to reach USD 5.3 billion by 2026, recording a CAGR of 5.4%, in terms of value. The burgeoning popularity of anti-aging products is working in favor of the market. In addition, growing health issues among the geriatric population associated with muscle pain and aging require using the product to meet nutritional deficiencies. Busy lifestyles have driven the food manufacturing industry to produce new products that could meet the rise in demand from consumers, which, in turn, fuels the overall collagen market. International trade of these products has gained prominence with their increasing demand, complemented by improved transportation facilities.
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Leading players profiled in this report include the following:
• Gelita AG (Germany)
• Nitta Gelatin, Inc. (US)
• Weishardt (France)
• Darling Ingredients (US)
• Nippi Inc. (Japan)
• Vinh Hoan Corporation (Vietnam)
• Junca Gelatines, S.L. (Spain)
By source, the bovine segment is projected to account for the largest market share in the market during the forecast period
Based on source, the bovine segment is projected to account for the largest market share in the market during the forecast period. Collagen from bovine is high in protein content and high-water solubility and has low molecular weight. As a result, manufacturers are increasing its usage in the food & beverage industry to offer more nutritious products to their consumers. Nowadays, bovine collagen supplements that are derived from cow hides are highly available in stores.