Market Size of Asia Pacific Collagen Supplements Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Collagen Supplements Market Analysis
Asia Pacific collagen market is projected to grow with CAGR of 5.3% during the forecast period (2020 - 2025).
- The wide spectrum of applications of collagen in wound healing products attracted major investments, primarily from leading pharmaceutical and biotechnological companies. These companies are exploring technologies, in order to incorporate collagen-based products for better drug delivery systems. Also, the growing demand for collagen supplements from the sports nutrition industry has influenced the development of the collagen-based supplement market.
- Marine-sourced collagen peptide is becoming prevalent among the manufacturers for it utilizes the unused fish parts, thereby, encouraging environmental sustainability. Moreover, it provides enhanced functional benefits, thus, gaining the traction of consumers and making it the fastest-growing segment.