North America collagen market is forecasted to witness a CAGR of 5.03% during the forecast period (2019 - 2024).
Key Highlights
Since collagen has a wide range of applications in meat processing and cosmetics among others, many North American ingredient manufacturers are trying to enter the collagen market, and therefore the market has a high scope of growth.
There has been a rise in the application of collagen towards collagen-based supplements for its multifunctional properties such as to control arthritis and to improve overall bone health. The U.S consumers are incorporating collagen-based products in theie diets, especially collagen type II and III, which, in turn,is a driving factor for the rising demand for collagen.
Some of the major companies in North America collagen market include Nitta Gelatin, NA Inc., Tessenderlo Group and Gelita AG.
Key Market Trends
Increased Application of Collagen in Dietary Supplements To Combat Arthritis
There is a shift in preference among consumers, as they chose to consume collagen in their diet, instead of injections. This change in consumer behavior is fueling the demand for collagen-based nutraceutical, and are also blended together in different food and beverage products. Collagen-based supplements are gaining popularity, especially to prevent and combat arthritis, which makes it a prime growth factor for collagen usage. The ageing population of the region seeks a variety of bone and joint health supplements for maintaining and enhancing their health and well-being. Moreover, according to the American College of Rheumatology (ACR), in 2015, an estimated 23.4 percent of adults in the U.S. had doctor diagnosed arthritis and 10.1 percent had arthritis-attributable activity limitation, while these figures are projected to rise to 25.9 percent and 11.4 percent respectively by the year 2040. Thus, the increasing prevalence of arthritis poses an opportunity for the application of collagen in dietary supplements, which is driving the maket for collagen in North America. Additionally, with this growing demand for dietary supplements, collagen is becoming a part of functional drinks for the cure of joint, muscle, and bone-related health issues, which is further propelling the collagen market growth.
Growing Demand of Collagen for Meat Processing
Collagen has been a popular processing aid among meat processors in United States, Mexico, Canada, and other regions of North America, where meat products are a popular choice of meal. According to Agriculture and Agri-Food Canada, the retail sales value of meat products is forecasted to increase to USD 3.84 billion by 2022 in Canada. Since collagen peptides, as an additive, enhance tenderness and juiciness, the two highly desirable traits that consumers seek in any processed meat products, the trend is expected to continue. Collagen also contributes to the nutritional value, flavor, and succulence of meats. Infact, it can be added to meat and meat products, either as a constituent of high-collagen peptide-based meat, or in a concentrated form (as a direct additive). In either form, collagen and its derivatives can significantly affect the processability and organoleptic attributes. Collagen peptides also significantly reduce the occurrence rate of fat caps in meat and meat products, thus aiding in its storage stability. These factors, coupled with growing meat demand is driving the market for collagen in North America.
Competitive Landscape
The most active companies in the North America collagen market include Nitta Gelatin, Darling Ingredients Inc., and Weishardt. The 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, and partnerships. Some of the companies are also focusing on research to bring about product innovations to launch different formulations of collagen with added benefits.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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