A high demand for collagen in cosmetic surgeries and wound healing treatments, as well as increasing consumer spending capacities, is expected to fuel growth in the global collagen market.
In new research, ReportLinker predicts that the market will reach $7.5 billion by 2027. The report notes that while bovine, porcine, poultry and marine are the four main sources required for manufacturing collagen, the bovine source accounts for 35% the market. This is due to the abundance of bovine sources and a relatively lower price as compared to marine and porcine sources. ReportLinker states: “Marine is superior to that of bovine or porcine sources, owing to its high absorption rate and bioavailability. However, the product obtained from marine costs relatively higher than from bovine and porcine, which is expected to restrain the growth of the segment. “The market for hydrolysed collagen is also anticipated to register the fastest growth over the forecast period, backed by its increasing use in the healthcare sector for tissue repair and dental applications. Increasing efforts by the companies for using hydrolysed collagen in the treatment of bone related disorders, such as osteoarthritis, have favored the growth of the segment. “Asia Pacific is projected to witness a remarkable growth rate of 6.6% in terms of volume, in the near future, owing to the increasing consumption of healthcare and cosmetic products in the region.”
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