Asia-Pacific collagen market is forecasted to witness a CAGR of 4.87% during the forecast period (2021 - 2026).
The increasing demand for collagen as a key ingredient in various applications, such as dietary supplements, food additives, beverages, and meat products, has been driving the collagen market.
Additionally, increased investments in research activities are leading to numerous product launches with collagen as a key ingredient in face care products, especially in South Korea, Japan, China, Vietnam, among other Asia-Pacific countries.
Moreover, there is a rise in the demand for halal and kosher-certified products due to the prohibition of the use of porcine collagen peptide ingredients in food products on religious grounds.
Key Market Trends
Collagen Rapidly Emerging as a Nutricosmetic Ingredient
Aisa-Pacific market has witnessed greater acceptance for collagen as an effective nutricosmetic ingredient. Thus, there is an increasing trend of collagen-enriched face masks and other cosmetic products as a skin care trend in the region. Apart from that, beauty supplements are available in various forms such as tablets and drinks. For instance, Amino Collagen India is one of the prominent players that operates under the brand, Meiji Amino Collagen, which provides beauty supplements in India. Additionally, Southeast Asian countries, such as Singapore and Japan, have seen the emergence of “beauty restaurants” that offer a variety of delicacies, many of which are collagen-based products. These trends are expected to drive the usage of collagen as an ingredient in nutricosmetic products.
Growing Demand for Dietary Supplements
Asia-Pacific marketplace has witnessed a paradigm shift from curative practices to preventive management in healthcare, especially in arthritis, which makes it a prime growth factor. The growing importance of a healthy lifestyle has attracted many companies to enter into the production of proteins and amino acids supplements, which is driving the demand for collagen and its derivatives. Since collagen acts as an ingredient for protein enrichment, offering excellent solubility while preserving the sensorial characteristics of the product, therefore, it is used in liquid and powder drinks in varying concentrations.
Competitive Landscape
The Asia-Pacific collagen market is fragmented and competitive with the presence of various regional and global players. Some of the leading market players are using strategies such as mergers and acquisitions, expansions, partnerships and product innovations. The most active companies in the market include Nitta Gelatin and Aussie Gelatin Company. Key players in the Asia-Pacific collagen market are also investing in R&D to enhance their product portfolios through product innovations.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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