Collagen And Gelatin Market Industry Analysis 2023
Added: (Thu Jun 13 2019)
Pressbox (Press Release) -
Collagen and Gelatin Market was worth USD 5.9 billion in 2018 and estimated to be growing at a CAGR of 9.49%, to reach USD 9.3 billion by 2023. Gelatin is a translucent and brittle substance which is derived from collagen. It is used as a gelling agent in the food industry and the production of various drugs. Collagen is the main protein in the connective tissues of animals. It makes up about 35% of the total body protein content.
Market Drivers and Restraints:
The increasing prevalence of chronic diseases, the increase in the geriatric population, and the widespread use of gelatin and collagen in regenerative medicine are driving market growth. Collagen is used in various medications and medical devices, which in turn drives the growth of the market. Collagen is also used to heal wounds, which stimulates market growth. However, collagen derived from bovine and porcine sources carries the risk of disease transmission, which inhibits the market growth.
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Report segmented as
By Source Type:
Based on geography, the market is analyzed under various regions, namely North America, Europe, Asia-Pacific, and Rest of the World. North America dominated the Collagen and Gelatin market while Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Important Market Players:
Some of the major companies dominating the market, by their products and services include LifeSciences Holding Corporation (U.S.), Collagen Solutions plc (U.K.), Vornia Biomaterials, Ltd. (Ireland), Collagen Matrix, Inc. (U.S.), GELITA AG (Germany), Nitta Gelatin, Inc. (Japan), and PB Gelatin (Belgium), Royal DSM (Netherlands), Integra SYMATESE (France), and NuCollagen, LLC. (U.S.).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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