APAC Market Statistics
The collagen market in the Asia Pacific is anticipated to account for 34% revenue share by the end of 2036. The market expansion in the region is on account of growing awareness and demand for health and wellness products among people. With the rising economy, people have started investing in premium products to improve their overall health.
Moreover, the elderly population in Asia Pacific countries including Japan and South Korea have started consuming collagen for anti-aging and joint health. Growing focus on beauty and skincare has fueled the collagen market revenue. As per the recent report, A Japanese company ‘Eminet’ entered Thailand, which has a huge market for collagen production. The annual sales of collagen mainly produced from fish in 2020 were reported USD 64 million.
The government has taken various initiatives to increase collagen production and advancements in food technology. There are a variety of products available for skincare and overall health that have collagen as their main ingredient, so it becomes easier for consumers to include collagen in their daily diet.
North American Market Analysis
The North America region will also encounter huge growth for the collagen market by the end of 2036 with a share of 25%. This is owing to the growing technological advancements in the region for using collagen in the healthcare industry. As per the latest report, collagen was exported by 1,995 world exporters to 2,582 buyers in the United States and it stands in second position in exporting collagen across the world.
Additionally, growing attention towards personal growth and maintaining healthy skin is expected to drive the demand for collagen in the cosmetic industry. Ovine collagen from Australia is gaining a lot of importance because of the monopoly of the product in the industry, thus contributing to the growth of the market in Australia. Furthermore, increasing demand for films and formulations that are collagen-based for use in surgical formulations is expected to drive product demand in the region.
Author Credits: Parul Atri
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