Market Leaders: Darling Ingredients (US) and Tessenderlo Group (Belgium) are Engaging in Partnerships and joint Ventures to Reinforce their Position in the Global Collagen Market
The global collagen market size is estimated to be valued at USD 4.7 billion in 2022 and is projected to reach USD 7.2 billion by 2030, recording a CAGR of 5.3% during the forecast period in terms of value. In the nutrition and cosmetics industries, collagen is currently one of the most predominant subject. There is a greater understanding of collagen and demand for this kind of protein, which can be met by taking collagen supplements or by enhancing the body's collagen production thus increasing the demand for collagen.
Key players operating in this market include Gelita AG (Germany), Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin NA Inc. (Japan), Vital Protein LLC (US), Ashland Global Holdings Inc. (US), Royal DSM N. V. (Netherlands), Nippi Collagen NA Inc (Japan), Collagen Solutions (UK), Titan Biotech Ltd. (India), Weishardt Holding SA (France), Gelnex (Brazil), Divit Nutraceuticals Pvt. Ltd. (India), Athos Collagen Pvt. Ltd. (India), and Holista Colltech Ltd. (Australia).
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The key players are fixated upon improving their market shares, while there newer start-ups are being established rapidly in the market. The collagen market can be classified as a competitive market as it has the presence of various regional players, and the key players are accounting around 25% to 50% of the market share.
Darling Ingredients (US) develops and produces sustainable natural ingredients from edible and inedible bio-nutrients, providing customers in the food, animal feed, fuel, bioenergy, and fertilizer industries with specialty ingredients and solutions that are specifically tailored to their needs. Feed ingredients, food ingredients, and fuel ingredients are some of its segments. Rousselot produces Peptan which is a collagen brand by the company and has effects on skin. The product has gain popularity in western markets catering to the growth of nutricosmetics industry outside Asia. In January 2022, Rousselot, a brand of Darling Ingredients (US) and Terasaki Institute for Biomedical Innovation (TIBI) of the US went under a partnership on the creation of gelatin-based treatments and their implementation in clinical settings. Alongside, Rousselot will provide TIBI with X-Pure modified gelatins like X-Pure GelMA.
Tessenderlo Group (Belgium) has transformed from a chemical manufacturer into a diversified industrial conglomerate with an emphasis on agriculture, valorizing bio-residuals, and offering industrial solutions. They provide services to clients in the end markets for consumer goods, construction, agriculture, food, and industry. The core market targeted are food, pharma, health & nutrition, pet food, agriculture, aqua feed, animal feed, energy, biodiesel, oleo-chemistry, and sanitary services. Tessenderlo Group (Belgium) operates in Europe, North America, South America, Asia and rest of the world. The company has bio-valorization products manufacturing units in Belgium, Germany, UK, China, US, France, Argentina, & Brazil. In November 2022, Tessenderlo Group (Belgium) and the Hainan Xiangtai Group (China) in the People's Republic of China had formed a joint venture to produce and market premium fish collagen peptides.
Related Reports:
Collagen Market by Product Type (Gelatin, Hydrolyzed Collagen, Native Collagen), Application, Source (Bovine, Porcine, Poultry, Marine, and Plant Sources), Form, Type, Extraction Process and Region - Global Forecast to 2030
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