Global Collagen & Gelatin Market Size, Share & Trends By Source, By Application, By End User, Regional Outlook, Competitive Strategies, and Segment Forecast 2030: SPER Market Research
The effective growth in high-value funding and investment for research & development projects by foremost players and a growing number of surgical processes are a few of the foremost aspects propelling the collagen & gelatin market revenue growth. The increasing preference of customers toward a healthy and protein-rich diet coupled with increasing requirement for collagen & gelatin in the Food & Beverage (F&B) industry are foremost aspects progressively underwriting to revenue growth of the market.
Moreover, the augment in growing in demand the food processing industry and growth in instances of general lifestyles diseases have propelled a fundamental change in customers who now prefer nutraceutical and operational foods owing to these categories of food assist avert age-connected diseases. Furthermore, the usage of collagen in wound healing is one of the market’s major trends, due to the augment in obese and geriatric populations across the world.
According to the SPER market research, ‘Collagen & Gelatin Market Size, Share & Trends Analysis By Source, By Application, By End User, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the collagen and gelatin market is predicted to reach USD 1396 million by 2030 with a CAGR of 6.8%. The foremost aspects accrediting to the growth of the market are the growing burden of cancer, chronic, and diabetes wounds, precisely among the geriatric population along with the growing number of surgical processes.
Several health advantages of gelatin likewise joint, hair, nail, skin, and gut health as well as provision of the essential amino acids which are constructing blocks of protein are growing the requirement for gelation, precisely in the form of supplements. The utilization of gelatin in food products likewise soups, broths, sauces, candies, and desserts is extremely growing due to the speedy growth of the F&B segment. Growing awareness of customers concerning health is also assisting the growth of the collagen & gelatin market as consumption of collagen & gelatin allows for hydrated skin which is a foremost concern among the increasing elderly population.
The untapped requirement in different markets in emerging countries and growing research & development activities by foremost players are underwriting progressively to open up revenue growth choices for foremost companies. Availability of the collagen in powder and capsule forms is growing the requirement for collagen and gelatin as a daily supplement. Collagen is mostly utilized as an easy-to-digest nutritional supplement that can be amalgamated with tea or coffee, mixed with sauces, and blended into a smoothie and soups. In addition, consumption of gelatin is growing due to the existence of vegetarian and vegan as well as gluten-free gelatin which is propelling the growth of the market.
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Moreover, market in North America registered for the largest revenue share in the global collagen & gelatin market during 2021, due to the growing healthcare investments and infrastructure, and growing number of surgeries in soft-tissue augmentation. In addition, new product innovation in synthetically tissue and biomaterials are underwriting to revenue growth of market in this region. Increasing obesity and sedentary lifestyle are resulting in diseases likewise osteoarthritis coupled with growing incidences of rheumatoid arthritis which are foremost aspects propelling the revenue growth of the market.
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Collagen and Gelatin Market Future Outlook
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SPER Market Research