THE GROWTH OF COLLAGEN MARKET
According to the latest foreign reports, the global collagen market is expected to reach US $7.5 billion by 2027, with a revenue based compound annual growth rate of 5.9%. The market growth can be attributed to the strong demand for collagen used in cosmetic surgery and wound healing treatment. The improvement of consumer spending power, coupled with the popularity of skin surgery, promotes the global demand for products.
Cowhide, pigskin, poultry and fish are the four main sources of collagen. Compared with other sources, as of 2019, collagen from cattle accounts for an important share of 35%, which is due to the richness of bovine sources and the relatively low price compared with marine and pig sources. Marine organisms are superior to those from cattle or pigs due to their high absorption rate and bioavailability. However, the cost of products from the sea is relatively higher than that from cattle and pigs, which is expected to limit the growth of the product.
Due to the large demand for this product as a food stabilizer, gelatin market will occupy a dominant position in 2019. The growth of Fisheries in India and China has attracted gelatin producers in the Asia Pacific region to use fish as raw materials for gelatin production. The market for collagen hydrolysate is also expected to grow fastest in the forecast period, thanks to its increasing use in tissue repair and dental applications in healthcare. The increasing use of collagen hydrolysates by companies for the treatment of bone related diseases, such as osteoarthritis, has contributed to the development of this field.
Gelken (part of Funingpu), as a collagen and gelatin manufacturer, we are concerned about the growth of collagen market. We continue to improve our technology and market strategy to meet the demand of the global collagen market. And we are also the collagen suppliers in Vietnam and America with competitive price and quality.
Post time: Apr-15-2021
