"We Envision Growth Strategies Most Suited
to Your Business"
The Benelux collagen market is projected to reach USD 402.6 million By 2027 owing to the increasing adoption of collagen in several biomedical applications in the pharmaceutical and healthcare industry, observes Fortune Business Insights™ in its report, titled, “Benelux Collagen Market Size, Share & Covid-19 Impact Analysis, By Type (Hydrolyzed Collagen, Native Collagen, and Gelatin), Source (Bovine, Marine, Poultry, Others), Application (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics, and Others), and Regional Forecast, 2020 – 2027.” As per the analysis, the market value stood at USD 279.6 million in 2019 and is expected to register a CAGR of 5.03% from 2020 to 2027.
Darling Ingredients Broadens its Collagen Peptide Production in Belgium
In July 2020, Darling Ingredients Inc. announced the commission of collagen peptides production at its facility in Ghent, Belgium. The company’s Ghent facility is set to produce collagen peptide products exclusively. Prior to this, the company had been producing bovine collagen peptides in Brazil and porcine collagen peptides in Angoulême, France. In addition, it recently finished the construction of its new state-of-the-art production unit dedicated to fish collagen peptides in Angoulême. According to Darling Ingredients, this expansion is a significant part of its strategy.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/benelux-collagen-market-104690
Rising Inclination of Consumers toward Fitness and Nutrition to Drive Growth
Rising awareness regarding fitness and nutrition among consumers is resulting in the extensive utilization of collagen in nutrition products. This is anticipated to drive the Benelux collagen market growth. For instance, according to a research report published in the International Journal of Sport Nutrition and Exercise Metabolism, 2016, nearly 85% of the athletes in the Netherlands consume sports drinks in order to maintain their health.
However, the high competition from alternatives such as plant-based collagen is estimated to hamper the demand for the product in the country. In addition, the increasing requirement for maintaining a sustainable environment and rising awareness regarding animal welfare would lead to the consumers’ inclination toward plant-based products. This is projected to further limit the demand for collagen in Benelux.
Mergers and Acquisitions to Aid Key Players in Expanding their Business Capabilities
The Benelux collagen market consists of several key players that are focusing on finding new opportunities to expand their businesses in the industry. These players are embarking upon expansion strategies, such as mergers and acquisitions to broaden their business segment. This will enable them to expand their share in the Benelux union. For instance, in September 2020, The Hut Group, a British e-commerce company, acquired Perricone MD, a luxury skincare brand. This acquisition is estimated to broaden the company’s business capabilities with the help of an established distribution network from Perricone MD.
Industry Development-
List of Key Players Covered in the Benelux Collagen Market Report:
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD Million) |
By Type |
|
By Source |
|
By Application |
|
By Geography |
|