Collagen and Gelatin Market worth $1.6 billion by 2028
Collagen and Gelatin Market in terms of revenue was estimated to be worth $1.2 billion in 2023 and is poised to reach $1.6 billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. Major factors driving the market growth at significant CAGR are increasing the prevalence of chronic diseases, increased number of orthopedic surgeries, and the launch of novel products in the market by key market players. Collagen-based products play a significant role in various surgical procedures and applications. Due to the biocompatibility and bioresorbable nature, collagen has gained popularity in the field of surgery.
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The collagen and gelatin industry is poised for significant growth in the near future. As consumer awareness of the health benefits associated with collagen and gelatin continues to rise, the demand for these products is expected to soar. Collagen, known for its contribution to healthy skin, hair, and joints, is increasingly sought after by the aging population and wellness-conscious individuals. Moreover, gelatin, derived from collagen, is gaining popularity in the food and beverage industry as a versatile ingredient for its unique texture and functional properties.
The bovine segment accounted for the largest share of the source segment in the collagen and gelatin market in 2022.
Based on Source, the collagen and gelatin market is segmented into bovine, porcine, and others. In 2022, the bovine source segment held the largest market share in the collagen and gelatin market. The large share of the segment is attributable to the growing adoption of bovine-derived collagen and gelatin in regenerative medicine. The increased usage of biomaterials is primarily due to the biocompatibility and biodegradability properties exhibited by these materials.
The orthopedic segment accounted for the largest share of the application segment in the collagen and gelatin market in 2022.
On the basis application, the global collagen market is segmented into orthopedic, wound care, dental, surgical cardiovascular, and other application. The global gelatin market is segmented into orthopedics, wound care, and others. The orthopedic segment accounted for the share of both the collagen and gelatin market in the year 2022. The demand for collagen is increasing because it is mainly used in orthopedic surgeries across the globe, and there is high demand for scaffolds and substitutes.
North America dominated the collagen and gelatin market.
Based on region, the collagen and gelatin market is segmented into North America, Europe, the Asia Pacific, Rest of the World. In 2022, North America dominated the market, followed by Europe. The increasing incidence of chronic diseases and the presence of top players operating in the are key factors supporting the growth of the North American collagen and gelatin market. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
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Key Market Players:
The collagen and gelatin market is consolidated, with a small number of players competing for market shares. Integra LifeSciences (US), DSM (Netherlands), Collplant Biotechnologies Ltd. (Israel), Nitta Gelatin Inc. (Japan), Collagen Solutions Plc. (UK), Smith & Nephew Plc (UK) are some of the leading players in this market. Most companies in the market focus on organic and inorganic growth strategies, such as product launches, expansions, acquisitions, partnerships, agreements, and collaborations, to increase their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market
Recent Developments:
- In January 2023, TELA Bio, Inc. launched NIVIS Fibrillar Collagen Pack. NIVIS Fibrillar Collagen Pack is an absorbent matrix of Type I and Type III bovine collagen proposed to manage moderately to heavily exudating wounds and to control minor bleeding.
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