Asia Pacific Collagen Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia Pacific collagen market is projected to grow with CAGR of 5.3% during the forecast period (2020 - 2025).

Key Highlights

• The wide spectrum of applications of collagen in wound healing products attracted major investments, primarily from leading pharmaceutical and biotechnological companies. These companies are exploring technologies, in order to incorporate collagen-based products for better drug delivery systems. Also, the growing demand for collagen supplements from the sports nutrition industry has influenced the development of the collagen-based supplement market.
• Marine-sourced collagen peptide is becoming prevalent among the manufacturers for it utilizes the unused fish parts, thereby, encouraging environmental sustainability. Moreover, it provides enhanced functional benefits, thus, gaining the traction of consumers and making it the fastest-growing segment.

Key Market Trends

Rising Demand for Marine-based Collagen

Marine-based collagen peptide products are sourced from marine collagen made from fish skin and bones. The products made from marine collagen are becoming popular among manufacturers, as they are procuring unused fish parts discarded annually during processing to make collagen, thereby, making them environment-friendly. Despite a strong dominance of animal-based collagen in the market, marine collagen is slowly gaining momentum, as it is free of grave infections, such as foot-and-mouth disease, bovine spongiform encephalopathy, and viral infections. Furthermore, marine collagen is rich in type-1 collagen, while bovine collagen contains both type-1 and type-3 collagen, thereby, making marine collagen similar in structure to human collagen. This, in turn, makes marine-based collagen peptide products ideally suited for human body’s collagen needs, thereby, increasing the demand for marine-based collagen peptides among manufacturers of products, like dietary supplements.

India to Have the Fastest Growing Market

The market is driven by factors, such as increasing protein consumption, inclination toward health supplements, and an increase in R&D activities. With widespread publicity and raising public awareness, the trend toward self-oriented, proactive measures for leading healthier, longer, and more active lifestyles is on the rise and is helping to improve the market for collagen supplements. Kerala State Industrial Development Board promotes Nitta gelatin products, including gelatin, collagen peptide, di-calcium phosphate, and ossein (collagen component of bone). Such promotion and support from the Government, in turn, increases the popularity of the ingredients for use in varied applications. Many players are entering the market with differentiated offerings to gain a competitive advantage over other players operating in the country. For example, with recent development surrounding the collagen market, PlantFusion launched its complete plant collagen builder, which is entirely vegan, helps in boosting the body’s natural collagen production, thereby boosting the market growth.

Competitive Landscape

The Asia Pacific collagen supplements market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Gelita AG, Bioflex Nutrition Pty Ltd, Tci Co. Ltd., and Titan Biotech, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support