Asia Pacific Collagen Market Outlook 2031
The Asia Pacific collagen market size was USD 810.1 Million in 2022 and is anticipated to reach USD 1.55 Billion by 2031 expand at a significant CAGR 7.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increased usage of collagen proteins in the pharmaceutical industry.
Collagen is made up of amino acids and is a form of protein. It contains amino acids such as glycine, hydroxyproline, arginine, and proline. Plants and animals both contain collagen. Collagen also connects and holds tissues and cells together in the blood arteries, digestive system, smooth muscle tissues, heart, gallbladder, bladder, and kidneys. It is found in large amounts in the hairs and nails.
Plant proteins such as soy, hemp, and pea protein are used to make plant-based collagen. The expansion of cosmetic and personal care industry is projected to boost the market. Collagen is commonly utilized to manufacture skin moisturizing lotions. The rising demand for anti-aging and other skin care products has resulted in an increase in the use of collagen as a skin care component. It hydrates the skin, which reduces wrinkles, redness, and dermatitis.
The desire of millennials to seem attractive has fueled demand for collagen-based skin care lotions and creams. The capacity of skin to make enough collagen has declined as a result of a hectic schedule, a busy lifestyle, and a shift in regular dietary habits. As a result, the number of people using collagen supplements is increasing.
Collagen's use in various industries is helping the market to stay lucrative in the future. Due to its therapeutic characteristics, it is widely utilized in medications and nutritional supplements. The collagen is used for several procedures such as joint surgery, dental surgery, and skin burn surgery.
Asia Pacific Collagen Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for collagen in a variety of applications such as nutritional supplements, dietary additive, drinks, and meat products are estimated to boost the market in the coming years.
- Rapid growth of the pharmaceutical industry is major factor estimated to fuel the market during the forecast period.
- Increasing risk of allergies that might be transferred from animal sources is expected to hinder the market growth.
- Lack of appropriate processing technology for the raw material act as major challenge that can hamper the market expansion in the coming years.
- Manufacturers are producing new collagen-based pellets or tablets in a creative and better approach which is projected to create lucrative opportunities for the market players.
Scope of The Asia Pacific Collagen Market Report
The report on the Asia Pacific collagen market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Collagen Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Sources (Animal-based and Marine-based Collagen) and Applications (Dietary Supplements, Meat Processing, Food, Cosmetics & Personal Care, and others)
Asia Pacific (China, Australia, Japan, South Korea, and Rest of Asia Pacific)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Aussie Gelatin Company, Amino Collagen India, Jiangxi Cosen Biochemical Co., Ltd., Hangzhou Nutrition Biotechnology Co. Ltd., and Nitta Gelatin, NA Inc.
Asia Pacific Collagen Market Segment Insights
The marine-based collagen segment is projected hold a major market share
On the basis of source, the Asia-Pacific Collagen market is bifurcated into animal-based collagen and marine-based collagen. The marine-based segment is expected to represent a key share of the market during the forecast period owing to its high absorption rate and bioavailability. The most efficient synthesis of all forms of collagen is marine-based collagen; it is made up of collagen peptides obtained from fish.
As it contains discarded fish parts, marine collagen is both ecologically beneficial and healthy. Calcium and other minerals required for bone strength are absorbed by marine-based collagen peptides. It aids in the smoothness of skin and the renewal of skin cells. It also reduces wrinkles and improves skin moisture. The market is being driven by increased Chinese output as well as the growing aquaculture sector in India's seafood sector.
The cosmetics and personal care segment is expected to expand at a rapid pace
On the basis of applications, the Asia-Pacific collagen market is segregated into dietary supplements, meat processing, food, cosmetics & personal care, and others. The cosmetics and personal care segment is expected to represent a key share of the market during the forecast period. Hydrolyzed collagen is typically utilized in hair preparations and skin care products in cosmetics and personal care goods, it is also found in makeup, shampoos, and bath treatments.
Collagen is the major structural protein in our body, and it is mostly present in our skin, joints, and bones. Collagen provides structure to our skin, aids in moisture and nutrition retention, and maintains it tight and bouncy. The market is expected to grow as the cosmetics and personal care sector expands. Collagen as a skin care component is becoming more popular as the need for anti-aging and other skin care products grows. It moisturizes the skin, reducing wrinkles, redness, and dermatitis.
The Asia Pacific collagen market has been segmented on the basis of
- Animal-based Collagen
- Plant-based Collagen
- Dietary Supplements
- Meat Processing
- Cosmetics & Personal Care
- Other Applications
- South Korea
- Rest of Asia Pacific
Key players competing in the Asia Pacific collagen market include Aussie Gelatin Company, Amino Collagen India, Jiangxi Cosen Biochemical Co., Ltd., Hangzhou Nutrition Biotechnology Co. Ltd., and Nitta Gelatin, NA Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
For instance, Collagen Solutions Plc launched new online B to C sales in the US in March 2017 to supply customers with basic collagen products. The expansion aided in boosting the company's consumer base, resulting in increased revenue.