Global Collagen Market to Reach US$9.4 bn by 2023, Marine and Bovine Collagen Represent Largest Source Segments According to a new market report published by Transparency Market Research “Collagen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2023,� the global collagen market was valued at US$4.1 bn in 2014 and is anticipated to reach US$9.4 bn by 2023 at a CAGR of 9.4% during the forecast period from 2015 to 2023. Collagen represents one of the most profuse protein present in the animals and has been subjected to rigorous research activities. This has increased the use of collagen across various industries. It is extracted from various land animals (mainly bovine & porcine) and birds. This resulted in identification of alternative sources of collagen such as marine sources. Collagen is found in the connective tissue of a human body. Individuals suffering from osteoarthritis and rheumatoid arthritis are often prescribed collagen supplements to replace the collagen in the joints. Three major types of collagen are widely used in various applications: Type I, Type II, and Type III. Their use is specific to certain body parts.
Marine collagen is a preferred source over conventional sources owing to properties such as low molecular weight, high absorption, and excellent bioavailability. In addition, low risk of disease transfer and negligible religious barriers on the use of marine collagen will support the uptake of this source during the forecast period. Factors such as increasing commercialization of novel collagen sources and rigorous research and development in the field of regenerative medicine and wound healing will propel market growth. On the other hand, high risk of disease transmission and undesirable influence of religious beliefs and culture toward consumption or use of collagen-based products are likely to hamper market growth. However, increasing preference for minimally or non-invasive technologies and rising demand for novel and synthetic collagen sources are anticipated to provide lucrative opportunities in the market. The bovine and porcine collagen segments accounted for over 60% of the collagen market in 2014 as these sources are considered to be primitive sources and provide high yield coupled with low cost. However, demand for these sources is expected to decline during the forecast period from 2015 to 2023 due to high risk of disease transmission and rising negative influence of