Collagen Market Size was estimated at USD 7.07 billion in 2023, and by the end of 2024, industry revenue is expected to have grown to USD 7.44 billion. With a compound annual growth rate (CAGR) of 5.53% between 2024 and 2031, the collagen market is projected to be worth USD 10.85 million by 2031.

List of Key Companies in Collagen Market

• Amicogen, Inc.
• Ashland
• Darling Ingredients
• Nippi Collagen NA Inc.
• Tessenderlo Group
• Titan Biotech.
• Vinh Hoan Corporation
• DSM 
• GELITA AG
• NITTA GELATIN, INC.

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The Europe Collagen Market share stood around 32.81% in 2023 in the global market, with a valuation of USD 2.32 billion. Due to several factors including the region's well-developed healthcare infrastructure, strong consumer awareness regarding health and wellness, and a robust cosmetics industry. The aging population in the region has further contributed to the increased demand for collagen-based products, particularly those designed to address joint health and skin rejuvenation.

Competitive Landscapes:

The global collagen market is highly competitive, with numerous players focusing on product innovation, strategic partnerships, and mergers and acquisitions to enhance their market presence. Key players in the market include:

• Gelita AG: A leading manufacturer of collagen peptides and gelatin, Gelita AG is known for its high-quality products and extensive global presence.
• Rousselot: As a major player in the collagen industry, Rousselot offers a wide range of collagen-based solutions for food, health, and pharmaceutical applications.
• Nitta Gelatin Inc.: This company specializes in the production of gelatin and collagen peptides, catering to the food, pharmaceutical, and health industries.
• Collagen Solutions plc: Known for its innovative collagen-based products, Collagen Solutions focuses on medical and pharmaceutical applications, driving advancements in tissue engineering and regenerative medicine.

Important Developments in the Industry

Launched in February 2024, Vecollage Fortify L is a vegan collagen formulation that is exact replica of the collagen found in skin, and it is aimed primarily at the beauty and personal care sector.

Segmentation:

By Source: The collagen market is segmented based on source into bovine, porcine, marine, and others. Marine collagen is gaining popularity due to its superior bioavailability and lower risk of disease transmission compared to other sources.

By Product: Collagen products are classified into gelatin, hydrolyzed collagen, and native collagen. Hydrolyzed collagen, known for its high absorbability, is extensively used in dietary supplements and functional foods.

By Application: The applications of collagen span across healthcare, food and beverages, cosmetics, and pharmaceuticals. The healthcare segment dominates the market, driven by the extensive use of collagen in medical treatments and supplements.