APAC Collagen Market Size By Source (Animal-based Collagen (bovine, porcine), Marine-based Collagen (fish)), By Application (Dietary supplements, Meat processing, Food), And Forecast
Report ID: 465425|No. of Pages: 202
APAC Collagen Market Size By Source (Animal-based Collagen (bovine, porcine), Marine-based Collagen (fish)), By Application (Dietary supplements, Meat processing, Food), And Forecast
APAC Collagen Market Size And Forecast
APAC Collagen Market size was valued at USD 2.10 Billion in 2023 and is projected to reach USD 4.18 Billion by 2031, growing at a CAGR of 9% from 2024 to 2031.
- Collagen is an important structural protein present in many connective tissues, including skin, bones, tendons, and cartilage. Collagen is becoming more widely recognized in Asia-Pacific (APAC) for its wide range of applications in a variety of industries, including healthcare, cosmetics, and nutrition. Collagen is employed in healthcare items such as wound healing, surgical sutures, and tissue engineering as it promotes expansion of cells and tissue regeneration. Collagen is an important cosmetic component because it improves skin suppleness and moisture. The food sector also uses collagen in nutritional supplements and functional meals to capitalize on its health benefits, such as improved joint health and skin vitality.
- The collagen market in APAC is looking good, owing to rising consumer health and wellness awareness, technological improvements, and increased demand for natural and clean-label products. As the population ages, there probably will be a greater need for collagen-based supplements and functional foods that address age-related health issues.
- Advances in extraction and processing technologies are projected to improve collagen bioavailability and efficacy, making it more appealing to consumers. The advent of the beauty-from-within trend, in which customers seek supplements to improve their appearance from the inside out, is expected to drive growth in the collagen market, creating substantial potential for manufacturers and marketers in the region.
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APAC Collagen Market Dynamics
The key market dynamics that are shaping the APAC Collagen Market include:
Key Market Drivers
- Rising Aging Population in APAC Region: The growing aging population in the Asia-Pacific region is driving up demand for collagen, particularly in Japan and South Korea. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the number of people aged 65 and up is expected to double from 651 million in 2022 to 1.3 billion in 2050, accounting for nearly 25% of the total population. This demographic change is increasing demand for collagen supplements and cosmeceuticals that improve skin health and provide joint support, as older persons look for effective answers to age-related issues like skin elasticity loss, joint pain, and general vitality.
- Increasing Sports Nutrition Awareness: Growing health consciousness and awareness of sports nutrition are driving up demand for collagen in the Asia-Pacific area. The sports nutrition market in this region was valued at USD 16.4 Billion in 2023 and is predicted to reach USD 26.8 Billion by 2028, according to Allied Market Research. Collagen peptides are increasingly being used in sports nutrition products to promote joint health and muscle rehabilitation, particularly in regions such as Australia and China.
- Expanding Nutraceutical Industry: The strong growth of the nutraceutical sector in APAC is driving collagen market expansion. According to the International Trade Administration, the Japanese nutraceutical market, Asia’s largest, is expected to be worth USD 31.5 Billion in 2023, with collagen supplements among the fastest-growing areas. The growing consumer desire for natural and functional components has resulted in a spike in collagen-based dietary supplements throughout the region.
Key Challenges
- Sourcing Raw Materials: Finding high-quality collagen raw materials, primarily from animal sources, is a considerable difficulty. Animal husbandry practices fluctuate, and rigorous laws for livestock health can have an impact on the availability of collagen. Furthermore, the rise in vegetarian and vegan tendencies is driving demand for plant-based alternatives, resulting in competition for raw resources.
- Price Sensitivity: Many consumers, particularly in price-sensitive markets, may find it difficult to afford high-quality collagen products. While customers may appreciate the benefits of collagen, they may prefer cheap over quality. This may impede market penetration in lower-income sectors and regions with considerable financial constraints.
- Market Fragmentation: The collagen market in APAC is extremely fragmented, with many small and medium-sized enterprises competing with established firms. This fragmentation might make it difficult for brands to distinguish themselves and achieve a large market share. It can also lead to price wars, which reduce profit margins for all competitors.
Key Trends
- Increased Demand for Functional Foods: Functional foods, which provide health advantages in addition to basic nutrition, are becoming more popular in the APAC region. Collagen-infused snacks and beverages are growing more popular as people look for easy ways to add health supplements to their diets. This trend is driving product innovation, making collagen more accessible and appealing to wider audiences.
- Growth in the Beauty and Personal Care Sector: The beauty and personal care business is expanding rapidly in APAC, particularly in South Korea and Japan, where consumers place a high value on skin health. Collagen is increasingly popular in anti-aging treatments, moisturizers, and serums, driving up demand. As the beauty-from-within concept takes pace, consumers demand effective ingredients, making collagen a popular component in cosmetic formulas.
- Celebrity Endorsements and Influencer Marketing: Celebrity endorsements and influencer marketing are becoming increasingly popular in the APAC Collagen Market. Influencers and prominent people frequently endorse collagen goods on social media, heavily influencing customer purchasing decisions. This trend not only increases brand visibility but also fosters consumer trust, resulting in better sales as customers are inspired to test products recommended by trusted people.
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APAC Collagen Market Regional Analysis
Here is a more detailed regional analysis of the APAC Collagen Market:
- China holds a commanding lead in the APAC Collagen Market, accounting for around 45% of market share by 2023. According to the China Chamber of Commerce, the country’s beauty and personal care market is expected to be worth USD 87.5 Billion in 2023, with collagen-based products accounting for 12% of that value. Collagen supplements are developing as a prominent growth category in this landscape, driven by increased consumer knowledge of the health and cosmetic benefits of collagen.
- India is rapidly becoming the fastest-growing market in APAC, with a CAGR of 9.8% expected between 2023 and 2028. The India Brand Equity Foundation (IBEF) expects the Indian nutraceutical sector to reach USD 18 Billion by 2025. The collagen-enhanced product segment is also rapidly growing in the beauty and personal care industry, which is expected to reach USD 28.5 Billion by 2023. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), urban Indian consumers are spending 18% more on beauty and wellness goods each year, particularly among those aged 25 to 45, which is generating significant growth in collagen product demand.
APAC Collagen Market: Segmentation Analysis
The APAC Collagen Market is segmented on the basis of Source and Application.
APAC Collagen Market, By Source
- Animal-based Collagen
- Bovine
- Porcine
- Marine-based Collagen
- Fish
Based on Source, The market is segmented into Animal-based Collagen and Marine-based Collagen. Marine-based collagen is the fastest-growing market, driven by rising customer demand for environmentally friendly and health-conscious products. With increasing knowledge of the benefits of marine collagen for skin health, joint support, and improved absorption as compared to traditional sources, this segment is expected to grow significantly. Animal-based collagen, predominantly derived from bovine and porcine sources, continues to be the dominating sector, accounting for a significant portion of the market due to its long-standing presence and widespread acceptance in both nutritional supplements and cosmetic applications.
APAC Collagen Market, By Application
- Dietary Supplements
- Meat Processing
- Food
- Cosmetics & Personal Care
Based on Application, The market is segmented into Dietary supplements, Meat processing, Food, and Cosmetics & Personal Care. The cosmetics and personal care market is currently the leading force, owing to increased demand for anti-aging goods and skin health solutions. Collagen is commonly used in creams, serums, and other beauty products, making it a common element in the beauty business. Dietary supplements are the fastest-growing segment, owing to increased health consciousness and interest in functional foods. Consumers are increasingly seeking collagen supplements for their supposed benefits to skin elasticity, joint health, and overall well-being, resulting in significant growth in this market. This trend points to a shifting landscape in which customers value both beauty and health, resulting in increased innovation and product development across these sectors.
Key Players
The APAC Collagen Market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Hangzhou Nutrition Biotechnology Co. Ltd., Jiangxi Cosen Biochemical Co., Ltd., Nitta Gelatin, NA, Inc., Gelita AG, Tessenderlo Group, Darling Ingredients, Ashland, Nippi Collagen NA, Inc., Titan Biotech, and Amicogen. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating APAC Collagen Market. VMR takes into consideration several factors before providing a company ranking.
The top three players for the APAC Collagen Market are The Hangzhou Nutrition Biotechnology Co. Ltd., and Jiangxi Cosen Biochemical Co., Ltd. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. VMR further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various APAC Collagen Markets.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
APAC Collagen Market Recent Developments
- In November 2022, A seafood supplier located in Christchurch, New Zealand, launched a collagen ingredient made from Ling maw – the swim bladder of Ling. Ling is a deep-sea fish that lives in the waters around the South Island of New Zealand. The swim bladder is considered a byproduct and is typically discarded or processed into fishmeal and fertilizer.
- In February 2022, Nippi (Shanghai) Trading Co. Ltd (‘Nippi Shanghai’), a subsidiary of Nippi Japan, signed an agreement with Infobird Co. Ltd, an artificial intelligence (AI)-enabled customer engagement solutions provider, to increase sales and market share as a supplier of collagen raw materials to China.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Hangzhou Nutrition Biotechnology Co. Ltd., Jiangxi Cosen Biochemical Co., Ltd., Nitta Gelatin, NA, Inc., Gelita AG. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. APAC Collagen Market, By Source
• Animal-based Collagen
o Bovine
o Porcine
• Marine-based Collagen
o Fish
5. APAC Collagen Market, By Application
• Dietary Supplements
• Meat Processing
• Food
• Cosmetics & Personal Care
7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
8. Competitive Landscape
• Key Players
• Market Share Analysis
9. Company Profiles
• Hangzhou Nutrition Biotechnology Co. Ltd.
• Jiangxi Cosen Biochemical Co., Ltd.
• Nitta Gelatin, NA, Inc.
• Gelita AG
• Tessenderlo Group
• Darling Ingredients
• Ashland
• Nippi Collagen NA, Inc.
• Titan Biotech
• Amicogen
10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
11. Appendix
• List of Abbreviations
• Sources and References
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
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Industry Analysis Matrix
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