Lucintel’s latest market report analyzed that collagen provides attractive opportunities in food and beverage, pharmaceutical, personal care and cosmetics, and others. The collagen market is expected to grow at a CAGR of 5%-6%. In this market, gelatin is the largest segment by product type, whereas pharmaceutical is largest by application.
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Based on product type, the collagen market is segmented into gelatin, hydrolyzed, and native. The gelatin segment is accounted for the largest share of the market in 2020 due to rising health awareness and increasing demand from the food and beverage industry.
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The collagen market is marked by the presence of several big and small players. Some of the prominent players offering collagen include Gelita AG, Nitta Gelatine, Weishardt Group, Darling Ingredients, Nippi Inc, Vinh Hoan Corporation, Lapi Gelatine S.P.A., Gelnex, Vital Proteins, Baotou Dongbao, RABJ Co Ltd, Connoils, Nutra Food Ingredients, and Italgelatine S.P.A.
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