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Collagen is the most abundant protein in the human body, found in bones, tendons, muscles, and skins. It forms a scaffold to provide strength and structure. Endogenous collagen is a natural collagen and is synthesized by the body, whereas exogenous collagen is synthetic and is obtained from various outside sources. Collagen is used for various purposes such as collagen, improves the contours of the skin, helps in healing wounds, used for nerve regeneration, treating osteoarthritis, for skin revitalization and many more. Some factors can deplete the levels of collagen within the body such as high sugar consumption, smoking, autoimmune disorders, aging, and excessive exposure to sunlight. Hence avoiding tobacco, excessive exposure to sunlight, and following a healthy diet and exercise regime can help protect collagen.
Key Market Driver -
Growing end-use applications, rising awareness regarding health and personal care
Key Market Restraint -
Religious constraints, growing use of alternatives
Factors such as rising geriatric population prone to diseases, growing end-use applications, and rising awareness regarding health and personal care are expected to fuel the growth of the global collagen market during the forecast period. In addition, the rising investment of global companies to launch new products expected to spur the growth of the market during the forecast period. For instance, Geltor entered into a strategic collaboration with Gelita to launch animal-free collagen by 2020 which will support the growth of the collagen market during the forecast period. However, the religious restrictions on the usage of animal origin products and the growing use of alternatives are few factors projected to hamper the growth of the global collagen market during the forecast period.
Some of the major companies that are present in the collagen market are GELITA AG, Nippi. Inc., Nutra Food Ingredients, Vital Proteins LLC., GELNEX, Vinh Hoan Corporation, ConnOils LLC, and others
Among the product type, the gelatin segment is projected to hold a considerable market share in the forecast period owing to the rising awareness regarding the benefits of gelatin. Also, there is an increased usage of gelatin by the food and beverage industry to improve the consistency and stability of food and thus provide nutritious food to the consumers.
North America is projected to dominate the global collagen market during the forecast period, followed by Europe. The dominance of North America is mainly attributed to the huge consumption of nutraceuticals and cosmeceuticals, rise in research and development activities, and well-established food and healthcare industry. On the other hand, Asia Pacific is expected to witness the fastest growth during the forecast period.
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The presence of a well-established meat processing industry coupled with rising expenditure on industrial development by governing agencies and high investment in research and development to produce collagen-based products are the factors favoring to drive the growth of the market in the Asia Pacific region. Latin America and Middle East America are also expected to have substantial market growth during the forecast period.
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