According to the latest report by IMARC Group, titled “Collagen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The collagen industry outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global collagen market size reached US$ 9.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
Collagen Market Overview:
Collagen is a tough, insoluble, fibrous protein found in the extracellular matrix and several tissues throughout the body. It is synthesized from amino acids like proline, glycine, and hydroxyproline, which form protein fibrils in a triple-helix scaffold. Collagen provides structure, support, strength, and elasticity to human skin, muscles, bones, and connective tissues. It also offers numerous health benefits, such as preventing bone loss, relieving joint pain, boosting muscle mass, promoting brain health, improving hair and nail growth, and enhancing skin strength and elasticity. As a result, collagen is extensively used as an essential ingredient in producing a wide range of cosmetics and personal care products. Besides this, it is employed to manufacture flowable scaffolds, nerve tubes, ophthalmic shields, bone graft substitutes, vascular closure devices, dental membranes, and plugs.
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Global Collagen Market Trends:
Increasing prevalence of chronic disorders, such as scurvy, Stickler, Marfan, Alport, Ehlers-Danlos, osteogenesis imperfecta, systemic sclerosis or lupus erythematosus, oral submucous fibrosis, and epidermolysis bullosa, caused by the degradation of collagen is primarily driving the market growth.
Moreover, collagen synthesis in the body slows down with age and increased consumption of alcohol and tobacco products, resulting in skin sagging, breakdown, wrinkles, and aging. This, in turn, is fuelling the demand for collagen-based supplements, thus aiding in market expansion. Besides this, extensive product utilization across various cosmetic and personal care products to hydrate skin and reduce wrinkles on account of its skin rejuvenation and beauty enhancement properties are creating a positive outlook for the market.
Furthermore, innovative advancements, such as the development of recombinant collagen technologies and widespread product utilization in tissue engineering, due to its association with cell interaction, migration, attachment, differentiation, and organization, are contributing to the market growth. In addition to this, the largescale product utilization across the food and beverage (F&B) sector in producing numerous confectionery items to enhance their chewiness, foam stability, and texture is presenting remunerative opportunities for the market.
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Key Market Segmentation:
Top Collagen Manufacturing Brands Worldwide :
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