The global collagen market is projected to exhibit a favorable 9.4% compounded annual growth rate (CAGR) from 2015 through 2023, states a market intelligence report recently published by Transparency Market Research. The several industrial applications of collagen in current times and the persistent rigorous research activities being undertaken with a view of devising novel collagen-based products are the major factors supporting the market’s growth.
Collagen, being one of the most abundant forms of animal tissues, has been used in several medical and bioengineering applications for ages. Wound dressings, matrices for tissue growth, and many other applications invariably use collagen owing to its non-antigenic and biocompatible nature. In humans, collagen is the principal structural protein of the body. Thus, to replace the collagen in joints, individuals suffering from conditions such as rheumatoid arthritis and osteoarthritis are often prescribed collagen supplements.
Rising Global Geriatric Population to Drive Demand for Collagen-based Products
In the past few years, the exponential rise in the world’s geriatric population has also indirectly led to an increased rise for collagen-based products. This specialty consumer segment leads to a vast demand for collagen-based skincare products, wound healing products, and bone and joint health products, significantly boosting the global collagen market. A United Nations report recently claimed that the count of people aged 60 years and above will see a see a staggering rise by about 56% from nearly 900 mn in 2015 to over 1.4 bn by 2030. This age group will be the biggest driver of the global collagen market in the coming years.
Marine Collagen to Take Top Spot in Industrial Applications Owing to Relatively Safer Nature
Presently, a dominant share in the collagen consumed in the industrial sector is accounted for by collagen produced from bovine sources. However, the threat of the spread of zoonotic diseases such as bovine spongiform encephalopathy, transmissible spongiform encephalopathy (TSE), and mad cow diseases have restrained the overall growth of the bovine collagen segment to a certain extent. The segment of porcine collagen, which was one of the largest collagen sources in the global collagen market until 2014, is also being constricted due to the threat of allergic reactions.
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The relatively safer segment of marine collagen, which also has low molecular weight and greater absorption indexes as compared to the conventional favorites of the market, is rapidly replacing bovine and porcine collagen across many applications. The market is expected to exhibit the highest growth in the tissue engineering application segment over the new few years. The high biocompatibility of collagen type I will permit its increased usage for the treatment of increasingly prevalent bone and joint disorders in geriatrics.
Collagen Markets in North America and Europe Dominate but Asia Pacific to Soon Take Over
The collagen markets in North America and Europe currently lead the global market owing to high awareness about the benefits of collagen and its increased uptake. Additionally, factors such as the rising geriatric population and the presence of well-established manufacturing facilities in these regions have also helped develop a healthy market for collagen. However, the market for collagen in Asia Pacific is expected to record the highest growth over the next few years as collagen products become more affordable and consumers become more aware about personal health.