The Collagen Market is being driven by Rising applications of collagen in cosmetic and personal care industry
The Collagen Market is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5340.9 million. The global collagen market is characterized by intense competition, with companies employing strategic initiatives such as mergers and acquisitions (M&A), capacity expansions, and product innovation to maintain a competitive edge. Notably, established players are expected to increase their market presence through M&A and strategic alliances in response to the market's competitiveness. Market participants are also focusing on new product launches and strategic expansions of their business portfolios to broaden their geographic reach and cater to the escalating demand for collagen supplements. Key market strategies include facility expansion and the introduction of innovative collagen products to cater to diverse consumer preferences.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
246 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.6% |
Market growth 2025-2029 |
USD 5340.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.9 |
Key countries |
US, Canada, China, UK, Germany, Japan, India, France, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Collagen, a key protein for skin elasticity and joint health, is gaining popularity through various consumer products. These include Collagen-Rich Protein Bars and Collagen-Infused Beverages, as well as Collagen-Based Cosmetics. Antioxidants enhance Collagen Synthesis while inhibiting Collagen Degradation. Technologies like Collagen Cross-Linking and Bioavailability Enhancement improve Collagen Absorption. Collagen-Specific Enzymes aid in its production, while studies on Collagen Absorption and Collagen-Rich Diets provide insight into its benefits for longevity. Collagen-Rich Foods List includes foods like bone broth, eggs, and fish.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue of these companies. Factors propelling the market's expansion include the increasing preference for specialty adhesives and sealants, driven by the rising demand for these products in diverse sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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