by Collagen, the bodys most abundant protein, is poised to play a pivotal role in driving the expansion of the medical collagen market, thanks to its increasing inclusion in cosmetic products. Collagen, a tough and fibrous protein found in bones, muscles, skin, and tendons, serves as a vital scaffold within the human body, providing strength, structure, and elasticity. Recognized for its multiple medical and cosmetic applications, collagens popularity is set to soar, leading to a surge in the global medical collagen market.
Diverse Applications Fueling Growth
Collagens versatility extends to various applications, including skin fillers, wound dressings, guided tissue regeneration, and the treatment of osteoarthritis. However, it is the burgeoning cosmetics industry that is poised to be a significant driver of the medical collagen market. The promise of improved skin suppleness, reduced wrinkles, and enhanced blood flow has led to a surge in collagen-based cosmetic products, capturing the attention of consumers worldwide.
In the United States alone, where an estimated 80% of women use cosmetics daily, the average woman invests between $200,000 and $300,000 in skincare and cosmetics during her lifetime. This growing inclination towards cosmetic products, particularly among women, is expected to fuel the growth of the medical collagen market in the years to come.
Collagen has also found its way into hair care products, strengthening hair strands and follicles, potentially reducing grey hair, and contributing to overall hair health. The U.S. hair care product market is projected to reach $102 billion in 2024, driven by a continually expanding industry fueled by rapid consumption.
Gelatin Dominance in the Collagen Market
Gelatin, primarily sourced from fish, is set to dominate the collagen market, driven by its increasing use as a food stabilizer and its expanding applications in various industries. The Asia Pacific region has witnessed substantial growth in the fishing sector, enticing gelatin manufacturers to employ fish as a raw material. Increasing demand for convenience and functional food and beverage products, coupled with its use in medicinal applications, is expected to drive the demand for gelatin in the medical collagen market.
North America Leads the Way
North America is poised to lead the global collagen market, driven by the rising demand from multiple sectors, including healthcare, cosmetics, and food and beverages. The robust healthcare industry, particularly in the United States, is set to boost the regional market, with increasing consumer preference for healthier beverages also contributing to growth. Additionally, the aging population in the U.S. is expected to drive demand for anti-aging products containing collagen.
Asia Pacific: The Fastest Growing Region
The Asia Pacific region is expected to witness the fastest growth in the medical collagen market, driven by a growing number of food manufacturers, a thriving food processing industry, a rising population, and an increasing focus on nutrition and personal well-being. China, in particular, stands out with its well-established meat processing sector and substantial investments in research and development for collagen-based products.
Competitive Landscape
Key players in the medical collagen market, including Gelita AG, Nitta Gelatin NA Inc., Darling Ingredients Inc., and others, are actively introducing new products and forming collaborations to tap into the growing demand for collagen-based solutions.
As collagen continues to redefine the realms of health and beauty, its presence in cosmetics and personal care products is set to fuel the medical collagen markets expansion, offering exciting opportunities for industry players and consumers alike.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/medical-collagen-market
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This press release first seen on Brilad
COMTEX_442048893/2840/2023-10-17T23:22:07
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.