September 20, 2021
According to the business intelligence report titled ‘Global Native Collagen Market Size study, by Type (Bovine, Porcine, Poultry, Marine, and Others), Application (Bone & Joint Reconstruction, Wound Dressing, Tissue Regeneration, Cosmetics (Topical), and Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global native collagen market was valued at USD 177.76 million in 2020 and is estimated to be worth USD 254.16 million by 2027, expanding at an annual rate of 5.24% between 2021-2027.
Surging demand for processed ingredients which are primarily used to produce meals & dietary supplements for joint, skin, and bone protection is a key factor stimulating global native collagen market growth.
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For the unversed, native collagen is insoluble in nature and is extracted from animals’ cartilage and bones. It is primarily used for tissue formation, wound healing, production of topical cosmetics, and bone & joint restoration.
Growing awareness regarding the ability of collagen to provide comfort to individuals suffering from osteoarthritis and rheumatoid arthritis is speculated to boost product demand in the medical sector.
As per the Vital Signs Report by Centers for Disease Control and Prevention (CDC), 54.4 million adults in the U.S. suffered from rheumatoid arthritis in 2017, accounting for 25% of the country’s populace. By 2025, it is projected that 67 million cases of arthritis to be recorded in the U.S.
While incorporation of collagen in medical supplements, and its widespread application for innovative therapeutic purposes will aid revenue inflow, availability of substitutes for animal-derived components, and risk of disease transmission from use of animal-based collagen products will act as challenges for businesses in this domain.
Based on type, worldwide native collagen industry is split into porcine, bovine, marine, poultry, and others. Speaking of application scope, the business sphere is divided into wound dressing, bone & joint reconstruction, cosmetics (topical), tissue regeneration, and others.
From regional frame of reference, North America captured a significant industry share in the past year, owing to augmentation of end-use industries such as healthcare and cosmetics. Meanwhile, Europe market size is slated to expand rapidly during 2021-2027, owing to high incidence of osteoarthritis, and growing use of collagen in tissue regeneration, bone & joint remodeling, rheumatoid arthritis treatment, and wound dressing.
Key players influencing global native collagen industry trends are Bioibérica S.A.U, Creative Enzymes, Cosmo Bio Co. Ltd., Vetoquinol S.A., Bio-Rad Laboratories Inc., RayBiotech Inc., Beyond Biopharma Co. Ltd., Reprocell USA Inc., Aviva Systems Biology Corporation, and Symatese Group.