According to the research report titled ‘Global Collagen Market Size study, by Source (Bovine, Porcine, Poultry, Marine, and Others), Product (Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen, and Others), Application (Food & Beverages, Healthcare, Cosmetics, and Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global collagen market was valued at USD 5.09 billion in 2020 and is reckoned to record a compound annual growth rate of 5.7 % over 2021-2027 to accumulate USD 7.5 billion by the end of the analysis timeframe.
 

Surging product penetration in healthcare and pharmaceuticals segments, increasing demand in food & beverage sector as well as product incorporation in various medical supplements are catalyzing the growth of global collagen market.
 

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Moreover, increasing product applications in cosmetics is also expected to propel overall industry development. According to a report published by medalerthelp.org, the value of the global cosmetics market was USD 532 billion in 2019.
 

Additionally, introduction of innovative collagen applications for different therapeutic purposes is also augmenting industry expansion.
 

It is to be noted that collagen is a kind of protein which is fibrous, stiff, & insoluble, and provides structure and strength. It is present in the extracellular matrix and is released primarily by connective tissue cells. Collagen serves as a foundation for the formation of new tissue, and also supports healing.
 

Despite the positive outlook, availability of substitutes for animal-derived ingredients, and possibility of disease transmission from animal-based collagen products are likely to hamper market development over 2021-2027.
 

As per expert verbatim, North America, Europe, Latin America, and Asia Pacific are major benefactors to  worldwide collagen industry remuneration. Among these, North America currently holds a major market share, owing to surging consumption of gummy confectionery products, and increasing demand for health drinks.
 

Meanwhile, Asia Pacific industry is anticipated to grow significantly over the assessment period, accreditable to flourishing healthcare sector, increasing research & development of collagen-based products, and well-established meat processing industry in the region.
 

Speaking of the competitive landscape, Tessenderlo Group, Collagen Matrix, Inc., Symatese Group, Cologenesis Healthcare Pvt. Ltd., Rousselot (Darling Ingredients, Inc.), Collagen Solutions plc, Sterling Gelatin (Sandesara Group), Beyond Biopharma Company, Ltd., Juncà Gelatines, S.L, and Gelita AG among others are the major players influencing global collagen industry trends.