The market size for collagen in the APAC region is forecasted to grow at a CAGR of 12.11% between 2022 and 2027 and be worth USD 3.73 billion by 2027.
The growing usage of collagen in various cosmetic products is majorly propelling the growth of the APAC collagen market. Approximately 2% of the cosmetic products in India use collagen. Some of the everyday collagen products are skin conditioning agents, soaps, shampoos, and other skincare products. In recent years, people have been more interested in paying more attention to their beauty due to changing lifestyles. Especially the working force is always busy and needs more time to care for their skin. Therefore, these people choose to have collagen-based foods and drinks that help keep the skin healthy and moist. In addition, the increasing aging population across the Asia-Pacific region contributes to the collagen market growth. With increasing age, protein production starts to slow down, resulting in acne, wrinkles, and dryness. As a result, collagen-based drugs and drinks help in increasing the protein content in the body.
The growing manufacturing activities of various collagen-related products further fuel the growth of the collagen market in the Asia-Pacific region. The key market participants are focused on producing different types of collagen-based products, which are also available in different forms such as powder, solid, liquid, and gel forms. In addition, they also manufacture collagen-based drugs for vegetarian and non-vegetarian people, animals, and plants. Collagen is primarily found in chicken, fish, pork and others.
The growing usage of collagen in the food and beverages industry is boosting the collagen market growth in APAC. It is used in foodstuffs to improve products' elasticity, consistency, and stability. In addition, to improve skin hydration and reduce wrinkles, several college drinks are manufactured by industry participants.
On the other hand, cultural prohibition on consuming animal-based collagens among several religions is hampering the collagen market growth in the APAC region. In addition, there needs to be more technological advancements in the use of collagen in various sectors, and the lack of such advancements is also resulting in the declining growth rate of the market in this region. Furthermore, a lack of awareness about the benefits of collagen and insufficient availability of collage-based foods and drinks in some rural areas are further impede the collagen market growth in the Asia Pacific region.
This report on the APAC collagen market has been segmented and sub-segmented into the following categories.
The gelatin segment was the most lucrative segment among all in the APAC collagen market in 2021.
The bovine segment is predicted to occupy the leading share of the APAC collagen market during the forecast period.
The healthcare segment is estimated to hold the major share of the APAC collagen market in the coming years.
Geographically, the APAC region accounted for a substantial share of the worldwide market in 2021 and is predicted to showcase the fastest CAGR during the forecast period. The growth of the APAC market is majorly driven by the increasing awareness of collagen benefits and a growing number of product approvals. In addition, the growing aging population suffering from arthritis in the APAC countries is also favoring the collagen market growth in the Asia-Pacific region. Furthermore, collagen is also used for heart-related disorders due to the presence of collagen tissue in heart valves.
The Chinese collagen market is anticipated to hold a leading share of the APAC market during the forecast period owing to the increasing invention of new collagen-based products. In addition, the growing number of manufacturing centers and availability of products in offline and online stores in China is supporting the Chinese collagen market. In 2021, Nestle Health Science launched "Vital Proteins" in the Chinese market to provide consumers with safe and healthy oral collagen products.
The Indian collagen market is another potential market for collagen in the Asia-Pacific region and is predicted to register a notable CAGR during the forecast period. Several national brands in India, such as the Himalaya and other brands, are selling products related to collagen for different types of skin diseases and joint diseases. In addition, Indian manufacturers are showing interest in manufacturing plant-based collagen products due to the increasing demand for collagen products in India.
The Japanese collagen market is predicted to hold a considerable share of the APAC market during the forecast period. The growing beauty consciousness primarily drives the growth of the Japanese market among men and women in Japan. As a result, liquid-based collagen is now primarily available in Japan and used for beauty purposes.
KEY MARKET PLAYERS:
Hangzhou Nutrition Biotechnology Co., Ltd., Jiangxi Cosen Biochemical Co., Ltd., Nitta Gelatin, NA Inc., Titan Biotech, Rousselot, Advance Inorganics, and Darling Ingredients Inc. are currently dominating the APAC collagen market and profiled in this report.
The growing health and beauty consciousness among consumers, rising disposable incomes, and growing demand for dietary supplements and functional foods are propelling the collagen market growth in APAC.
High cost of production and the lack of awareness about the benefits of collagen among consumers are some of the major challenges to the collagen market in the Asia-Pacific region.
China, Japan, India, South Korea, and Australia are the major countries in the APAC collagen market.
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