Collagen Market Size Expanding At A Revenue-Based CAGR Of 9.0% From 2020 To 2028
Collagen Industry Overview The global collagen market size was valued at USD 8.36 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.0% from 2020 to 2028. Increasing end-use applications such as growing usage in the food and beverage industry along with an upsurge in demand from the cosmetics industry are anticipated to drive the market growth. In addition, the market is expected to benefit from the increasing adoption of collagen-based products by consumers. The product also finds extensive application in the healthcare industry. The food and beverage industry is expected to be a major contributor to the rising demand for gelatin and hydrolyzed collagen. The product is an essential protein for the human body and has multiple nutritional, skin, and health benefits. However, concerns regarding the transfer of diseases from certain raw material sources have hindered market growth. The industry is r...