South East Asia Collagen Market- Opportunity Analysis And Industry Forecast (2018-2023)
South East Asia collagen market by product (collagen peptide and gelatin), source (porcine, bovine, marine, chicken, sheep, and other animals), and application (food and beverages, cosmetics, nutraceuticals, pharmaceuticals, healthcare, and technical) - Opportunity Analysis and Industry Forecast (2018 – 2023)
The research report titled “South East Asia Collagen Market: Global Opportunity Analysis and Industry Forecast (2017-2022)” provides in-depth analysis of collagen market in six major Southeast Asian geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2023. South East Asia collagen market is expected to reach USD 142.84 million by 2023, at a CAGR of 7.2% during the forecast period of 2018 to 2023.
Growing use of collagen in food industries, growing inclination towards protein consumption & nutricosmetics, increasing application in the healthcare industry, and growing technical applications and use of collagen based biomaterials are the major factors driving the growth of South East Asian collagen market. In addition, growing food processing industry in Southeast Asia further provides significant opportunities for the various stakeholders in this market. However, factors such as strict regulations, religious constraints, and growing use of alternatives expected to hinder the growth of this market to some extent.
The South East Asia collagen market is mainly segmented by product (collagen peptide and gelatin), source (porcine, bovine, marine, chicken, sheep, and other animals), applications (food and beverages, cosmetics, nutraceuticals, pharmaceuticals, healthcare, and technical), and geography. On the basis of products, gelatin held the largest share of the market in 2017 and is expected to dominate South East Asia collagen market during the forecast period.
Geographically, this market is segmented into Malaysia, Indonesia, Thailand, Philippines, Vietnam, Singapore, and rest of South East Asia. Indonesia dominated the South East Asia collagen market in 2017. The large share of this country is mainly attributed to its booming food and beverages industry due to increasing Indonesian population, increased urbanization, growing awareness of healthy lifestyle products, rising income, and its fast-growing economy. Also, rising demand for cosmetics and personal care products and growing livestock and meat processing industry further drives the growth of collagen market in the country.
The key players operating in the Southeast Asia collagen market are Rousselot (The Netherlands), GELITA AG (Germany), Weishardt Holding (France), Tessenderlo Group (Belgium), Nitta Gelatin Inc (Japan), Italgelatine S.p.A. (Italy), REINERT GRUPPE Ingredients GmbH (Germany), GELNEX (Brazil), PT. AIMFOOD MANUFACTURING INDONESIA (Indonesia), Holista CollTech Limited (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix Inc (California).