Global Collagen Market Size Worth USD 14.98 Bn By 2027 - Digital Journal

2022-06-19 01:27:20 By : Mr. Jason sun

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The global collagen market was worth USD 9.25 billion in 2022 and is expected to reach USD 14.98 billion by 2027, showcasing a CAGR of 10.12% from 2022 to 2027.

Browse details of the report @ https://www.marketdataforecast.com/market-reports/collagen-market

The COVID-19 pandemic negatively influences the collagen market. Movement regulations released by the government have resulted in a shortage of raw materials and a disruption in the supply chain, putting domestic companies in the market at a disadvantage. In addition, the pandemic is expected to disrupt collagen manufacturing processes in the medium run due to shipping limitations and workforce scarcity. However, there is a growing demand for items during a pandemic and post-pandemic phase because collagen is a common ingredient in supplements aimed at the elderly. The elderly population’s need for collagen-based supplements is expected to boost health, immunity, and general wellness. Furthermore, as customers become more concerned about their health due to pandemics, they are paying more attention to the labels on food and beverage products. Therefore, applying collagen in various industries has provided ample opportunities to the collagen market.

Collagen’s increasing application in medical devices and medication delivery systems, as well as the preference for minimally invasive technologies and its efficacy in wound healing, are projected to drive worldwide collagen demand in the future.

Collagen improves chewiness, foam stability, and texture in confectionery items. It is used in dairy products as a texturizing and stabilizing agent. It also improves the suppleness and flexibility of nutritional bars by acting as a binding agent for the contents. Collagen’s application in the food business has expanded due to its multiple advantages, boosting the market’s growth. It is also utilized to treat malnutrition and specific digestive and absorption issues. These factors are projected to fuel the collagen market’s expansion in terms of value sales.

Moreover, growing end-user applications, changing customer preferences and lifestyles, increasing disposable income, and expanding awareness about health and personal care are all projected to drive up demand for the product.

The ban on animal by-products obtained from animal slaughter has imposed significant restrictions on the collagen market because individuals with religious values do not want to consume such products. Furthermore, the extraction and processing of collagen proteins necessitate specialized equipment, which is not widely available in developing countries. The edible collagen is isolated from bovine and fish skins before being sent to be filtered and ion exchanged. This process involves significant investments which are not feasible for low and medium-income companies. As a result, developing countries, which have a high need for protein-based ingredients, are getting behind due to a lack of advanced manufacturing and marketing technology.

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