PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497709
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497709
Key Highlights
The collagen market was valued at USD 5,155.3 million in 2023, and it will rise to USD 7,951.0 million, powering at a 6.5% compound annual growth rate, by 2030.
The growth is because of the rising acceptance of cosmetics for various purposes. Collagen is a key ingredient of cosmetic goods as it is a natural moisturizer as well as a humectant.
By uniting polyvinylpyrrolidone (PVP) and polyvinyl alcohol (PVA), its film-forming properties can be changed.
Collagen is employed in anti-aging creams, lotions, and serums to enhance its levels in the skin, which decreases the presence of wrinkles and fine lines and enhances skin elasticity.
Collagen-based face masks are employed to rejuvenate the skin, enhance its texture, and offer hydration. Some plumpers and lip balms comprise this ingredient to provide the lips with a fuller look.
It is also employed in eye creams to decrease puffiness, crow's feet, and dark circles around the eyes.
A rising count of consumers has accepted a unified method to skin health, which emphasizes nourishing the skin from the inside out.
Consumers are now more absorbed in natural ingredients and goods that provide anti-aging and skin regeneration advantages.
Accordingly, cosmetics establishments are improving their beauty lines and skincare with collagen-based compositions.
Key Insights
Europe is leading the industry, with a 45% share. The collagen industry in Europe is largely governed by the stringent food & drug safety guidelines of the European Commission.
APAC will advance at the fastest compound annual growth rate, of 7.5%, in the years to come. This is primarily because of the increasing desire for wellness and health among customers in this region.
The gelatin category accounted for the largest share of the industry in 2023, of 45%.
This can be because of the surging need for gelatin in the food & beverage and pharmaceutical sectors because of its high stability and binding characteristics.
Gelatin is a key protein for the human body with various health and skin advantages.
The food and beverage products accounted for the largest share of the industry in 2023, of 50%. This can be mainly because of the rising need for functional food & beverages.
Collagen has surface and gelling alteration properties, which assist in enhancing the stability, elasticity, and consistency of products. It serves as an additive that aids in improving the flavor, color, and texture of food products.
The hydrolyzed collagen category is likely to propel at a 7% compound annual growth rate during this decade.
This can be because of the rising use of beauty supplements and the increasing need for this product in healthcare and dental applications.
It assists in improving the appearance and texture of nails, skin, and hair, strengthening the bones, and treating different related illnesses like osteoarthritis.
The bovine category is the largest contributor to the industry, with a 55% share. This is mainly because of the high accessibility of cattle and the low price of extracting this nutrient from them compared to other sources.
The collagen industry is very competitive, primarily because of the rising customer need for health and wellness products.