The Asia Pacific Collagen Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
The demand for collagen drinks is continuously increasing from the nutraceutical industry that has led to the growing production of collagen containing products. Many collagen vendors are joining the industry with enhanced strategies and ideas to get a competitive edge in the market. Latest and upcoming advanced beauty & nutritional drinks by combining various healthy ingredients in these products are expected to result in increased competition in the market. Demand for beauty drinks has been seen increasing in emerging economies such as South Korea, India & China.
Various collagen products are gaining traction among consumers due to the benefits associated with the use of collagen. Collagen drinks are among the popular collagen products which are in high demand across the world. Many collagen drinks companies are increasingly launching their products by collaborating with fashion icons in order to get greater benefit from their popularity & enjoy high demand of their products in the market.
China is among the major consumers of collagen containing products such as collagen drinks as the women population present in this nation is doing so to get flawless & smooth texture of the skin. Also, consumption is increasing in men's population across Asian countries such as India, China, and South Korea with the aim to uplift muscle mass. In addition, various marketing campaigns conducted by the major market players in the region are leading to the increasing demand for collagen across the Asia Pacific region.
Many of the Chinese beauty & supplement firms are releasing new collagen containing beauty products as well as collagen drinks having a high level of collagen in different flavors. This wide availability of products in various varieties would attract consumers towards the consumption of collagen products. This is further estimated to augment the growth of the collagen market in the Asia Pacific region.
The China market dominated the Asia Pacific Collagen Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $439.6 million by 2027. The Japan market is anticipated to grow at a CAGR of 5.2% during (2021 - 2027). Additionally, The India market would witness a CAGR of 6.5% during (2021 - 2027).
Based on Product Type, the market is segmented into Gelatin, Hydrolyzed and Native. Based on Source, the market is segmented into Bovine, Porcine and Marine & Poultry. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Nutritional Products, Food & Beverages, Pharmaceutical, and Cosmetics & Personal Care Products. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Collagen Market is Projected to reach USD 5.4 Billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gelnex, Lapi Gelatine S.p.a (Lapi Group), Amicogen Co., Ltd., Collagen Solutions Plc, SUBONEYO Chemicals Pharmaceuticals P Limited, Vital Proteins LLC (Nestlé Health Science S.A.), Darling Ingredients, GELITA AG, Ewald-Gelatine GmbH, and Aspen Naturals.
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