Market Size of Asia-Pacific Collagen Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.15 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Collagen Market Analysis
The Asia-Pacific collagen market was valued at USD 415.5 million for the current year and is projected to grow at a CAGR of 5.15% over the next five years.
- The Asia-Pacific collagen market is being driven by the increasing demand for collagen as a key ingredient in various applications, such as dietary supplements, food additives, beverages, and meat products. The expanding use of gelatin in the creation of jellies, chewing gums, and desserts is expected to further drive the demand for collagen.
- Additionally, the rising demand for hydrolyzed products in health and beauty supplements is anticipated to increase the demand for collagen. This ingredient is known to improve bone and joint health, as well as enhance the texture and quality of hair, nails, and skin. It also helps to increase the protein content of functional food and beverage items and sports nutrition products.
- Moreover, the growing geriatric population in countries such as Japan, Australia, China, and India is expected to contribute to the increase in sales of collagen-based supplements for bone and joint health treatments. According to the United Union Department of Economic and Social Affairs, these countries have a significant percentage of the population aged above 65 years, which is likely to fuel the demand for collagen-based supplements in the region.
- In addition to the growing demand, increased investments in research activities have led to numerous product launches with collagen as a key ingredient in face care products, especially in South Korea, Japan, China, and Vietnam, among other Asia-Pacific countries. As the meat processing industry in local economies becomes more mature, captive consumption production levels are expected to rise. Furthermore, the demand for products is expected to increase as surgical formulations and collagen-based films become more popular.
