The scope of our recent study, titled " Collagen Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Source (Bovine, Porcine, Marine, Plant-based/Vegan, and Others), Product Type (Gelatin, Hydrolyzed Collagen, and Native Collagen), and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.

The collagen market was valued at US$ 4,120.19 million in 2021 and is projected to reach US$ 7,205.03 million by 2028. It is expected to grow at a CAGR of 8.3% from 2021 to 2028.

Commercially, collagen is extracted from various animal sources, including bones, skin, cartilage, tendons, and tissues of bovine, pigs, poultry, and marine animals. The most used forms of collagen are gelatin, hydrolyzed collagen, and native collagen. Gelatin finds widespread use as a gelling agent, thickener, and stabilizer in food and beverage applications. Hydrolyzed collagen is used in dietary supplements, functional food and beverages, and personal care products, while native collagen, obtained from marine sources, is utilized in medical products for treating joint pain. Moreover, collagen promotes bone health and aids in the treatment and prevention of osteoporosis by enhancing the bone mineral density, particularly among women above the age of 50 and those in the postmenopausal period, driving the growth of the collagen market.

The global collagen market is categorized based on application into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. In 2020, the pharmaceuticals & nutraceuticals segment dominated the global collagen market. However, the personal care segment is expected to grow at the fastest pace during the forecast period. Collagen is extensively used in the manufacturing of dietary supplements, which are increasingly becoming popular among consumers due to the multiple benefits they offer, including enhanced hair health, improved skin texture and elasticity, and increased bone strength. The growing demand for collagen supplements is expected to be a key driver for the market's growth.

The Asia Pacific region is expected to experience the fastest growth in the collagen market during the forecast period. The beauty and wellness industry in this region is currently undergoing significant changes, with South Korea and Japan being notable emerging markets in the beauty industry. There is a growing focus on inner beauty and a preference for nutricosmetics that enhance beauty from within, with holistic beauty trends gaining traction in Asia Pacific markets. Collagen is widely used in nutricosmetics, and as a result, the growth of the Asia Pacific beauty industry, combined with the rise of the nutricosmetics sector, is projected to drive the collagen market in the coming years.

Impact of COVID-19 Pandemic on Collagen Market

The COVID-19 pandemic had both positive and negative effects on the collagen market. Due to the pandemic, consumers became more health-conscious and increased their demand for dietary supplements to boost their immune system and overall health, which positively impacted the collagen market growth. However, the collagen market also faced challenges due to the severe disruptions in supply chains caused by the pandemic. This led to a shortage of raw materials, negatively affecting the profitability of both small and large-scale collagen manufacturers. The demand and supply gap further impacted the growth of the collagen market. Nevertheless, the collagen market is gradually stabilizing as governments ease restrictions, and manufacturers operate at full capacity. This trend is expected to boost the collagen market growth significantly in the long run, presenting lucrative growth opportunities. In summary, the COVID-19 pandemic had a short-term negative impact on the collagen market but later opened up opportunities for growth.

The report segments the collagen market as follows:

The collagen market based on source is segmented into bovine, porcine, marine, plant-based/vegan, and others. Based on product type, the market is segmented into gelatin, hydrolyzed collagen, and native collagen. In terms of application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). 

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