Word Collagen Conference
6-7 September 2017, in London, UK
Increasing consumer consciousness towards health and personal care coupled with rising trend for nutraceutical products are expected to fuel the growth of Collagen. Improving standard of living and growing fitness consciousness are likely to be the key drivers to propel demand. Global collagen market size was valued at more than USD 3 billion in 2015 and is likely to exceed USD 5 billion by 2023, growing at a CAGR of more than 7% from 2016 to 2023.
Gelatin market size, which is a collagen byproduct, dominated overall revenue and accounted for more than 60% of the total collagen market share in 2015, it was valued at more than USD 2.5 billion and is expected to exceed USD 2.8 billion by 2023. Collagen peptides market size was valued at more than USD 0.75 billion in 2015 and is likely to be worth around USD 1.25 billion by the end the forecast period.
Marine collagen market size was valued at more than USD 200 million in 2015; minimal disease transmission risk and relaxed regional and social regulations are expected to be the key factors driving growth. In terms of application, cosmetics were the major contributor, with total volume of over 4.2 kg tonnes in 2015 owing to benefits such as anti aging properties and personal & hygiene products demand.
The gelatin market is dominated by Europe, and is likely to grow at a significant rate due to the growth in end-use industries such as food & beverages and pharmaceuticals. Asia-Pacific is anticipated grow at a high rate due to increase in per capita income and fast-paced industrialization.
Applications can be segmented into cosmetics, food & beverages, nutraceuticals, healthcare and pharmaceuticals. Food & beverages can be further bifurcated into beer, wine, cakes, jellies, ice-creams, refined sugar, and non-dairy creamer. Increase in consumption and growing food industry is likely to contribute to industry growth.
Nutraceuticals and pharmaceutical sector is anticipated to grow at a higher rate owing to the vast applications in these segments. Healthcare includes orthopedic, dental and surgery procedures, wherein collagen helps in constructing artificial skin in order to heal burns and wounds. Increasing geriatric population accompanied by increasing problems related to the skin and bones is expected to the boost demand. Increasing healthcare spending among consumers accompanied by FDA & IMA approvals for gelatin to be used in drugs and food preservatives has also fueled growth.
The collagen industry is characterized by increasing R&D activities for drug development, rising social awareness about personal health, and growing wound healing & regenerative medicines industry. Increasing food grades prices and huge importing cost is likely to restrain growth.
The World Collagen Conference will discuss the industry’s growth forecast, analyse the regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants, the leading market products, applications & regions and how will they perform, the technology & innovation trends, how will they evolve, highlight how companies are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook.