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Description
Collagen Market size is estimated to be valued at USD 6,471.5 Million in 2021, and it is expanded to grow at a significant CAGR of 5.3% over 2022-2028. Consumers are shifting their preferences to consume collagen through their diet rather than through injections. This shift in consumer behavior is driving up demand for collagen-based nutraceuticals, which are also being blended in various food and beverage products. Collagen-based supplements are becoming increasingly popular, particularly for the prevention and treatment of arthritis, making it a prime growth factor for collagen usage. The region’s aging population seeks a variety of bone and joint health supplements to maintain and improve their health and well-being. Functional benefits drive application in the supplements. Over the past five years, supplements and sports nutrition have led to collagen application. Health benefits of the collagen drive innovation of the ingredients. For instance, around 33% of the products launched in the last five years are supplements, about 19% are for sports nutrition, and 10% are confectionery. In 2021, the gelatin segment accounted for a larger revenue share and was projected to grow with a CAGR of 5.1% from 2022 to 2028 to reach USD 4,747.0 Mn by 2028. Gelatin can replace conventional carbohydrates and fat in many foods, making it better suited to meeting nutritional needs. It also helps to normalize gut hormones in obese people. Food manufacturers are increasingly turning to gelatin to produce nutritious food products due to rising health consciousness.
Recent Market Developments:
In March 2021 GELITA USA opened its new collagen peptide unit, which is a 30,000-square-foot production unit at the southeastern end of the complex in the Port Neal industrial area near Sioux City in Iowa. This expansion is majorly driven by the double-digit market growth of GELITA’s collagen peptides, especially in the health and beauty markets, with no sign of slowing down in the future.
In September 2020, Nitta Gelatin NA adds Replenwell, a new line of highly functioning collagen peptide ingredients, to its Wellnex portfolio. Replenwell collagen peptides are clinically tested for safety and efficacy and are available in a variety of raw material sources, including fish, bovine, and porcine.
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