Global Collagen Market 2018-2022
Collagen is the main structural protein present in the extracellular space of various connective tissues in animal bodies. Since it is the primary component of connective tissues, it is the most abundant source of protein in mammals, comprising 25%-35% of the protein content of the entire body.
Technavio’s analysts forecast the global collagen market to grow at a CAGR of 7.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global collagen market for 2018-2022. To calculate the market size, the report considers the revenue generated from the collagen.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Collagen Market 2018-2022
Technavio recognizes the following companies as the key players in the global collagen market: GELITA, JBS, Nitta Gelatin India, and Tessenderlo.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing demand for kosher- and halal-certified products. The collagen market is currently experiencing a rise in the demand for halal- and kosher-certified products owing to the prohibition of the use of porcine collagen peptide ingredients in food products on religious grounds. The increased consumption of bovine and piscine meat by the Jewish and Islamic population is expected to drive the demand for kosher- and halal- certified products produced from bovine or piscine raw materials. This has resulted in an increase in the demand for fish-based collagen.”
According to the report, one of the major drivers for this market is Demand for collagen peptide in nutrition-based products. Collagen peptide is extensively used in the nutrition-based food industry due to its high protein content. Collagen peptide consists of many amino acids, which are the building blocks of proteins. It helps in reducing health-related risks such as osteoporosis, juvenile blindness, rheumatoid arthritis, and cancer. Collagen peptide is commonly used in various nutritional products such as protein drinks, protein powders, protein energy bars, nutritional supplements, anti-inflammation supplements, and joint cartilage supplements because of the high concentration of amino acid in it.
Further, the report states that one of the major factors hindering the growth of this market is Cultural challenges regarding the source of collagen. The cultural and religious views of various societies significantly impact the consumption of collagen due to its source and will hamper the growth of the global collagen market. Moreover, the consumption of collagen is discouraged by the vegan and vegetarian population.
GELITA, JBS, Nitta Gelatin India, and Tessenderlo.