The Collagen Global Market Report 2023 by The Business Research Company, provides collagen market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Collagen Global Market Report 2023, the global collagen market size grew from $5.78 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global collagen is expected to grow to $8.8 billion in 2027 at a CAGR of 9.1%.
The rapidly growing obese population is significantly contributing to the growth of the collagen market. Obesity is a dangerous disease that leads to an excessive amount of body fat. It is a medical problem that increases the risk of other diseases and health problems, such as heart disease, diabetes, and high blood pressure. Collagen supplements may increase satiety or the feeling of fullness. This could aid weight loss and management by reducing hunger and the number of calories consumed in a day. Collagen also suppress ghrelin, a hunger hormone.
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The collagen market is segmented:
1) By Product: Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen
2) By Dosage: Powder, Liquid, Capsule
3) By Source: Bovine, Porcine, Marine & Poultry
4) By Application: Food, Health care, Nutraceuticals, Personal Care & Cosmetics
Nutritional gummies, chewable soft capsules, and enteric capsules are the recent trends in the collagen market. Major companies operating in the collagen sector are focused on developing new product solutions to strengthen their position. For instance, Vital Proteins Collagen Gummies, OLLY Glowing Skin Vitamin Gummies, NeoCell Beauty Bursts Collagen Soft Chews, HairOmega Multivitamin Gummy System are some of the trending collagen gummy brands that were introduced in the market in 2021. These gummies are rich in biotin and are responsible for nourishing the skin and supporting hair and nail growth.
The collagen market report table of contents includes:
1. Executive Summary
2. Collagen Market Characteristics
3. Collagen Market Trends And Strategies
4. Collagen Market – Macro Economic Scenario
5. Collagen Market Size And Growth
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26. Africa Collagen Market
27. Collagen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Collagen Market
29. Collagen Market Future Outlook and Potential Analysis
30. Appendix
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