The net worth of the market share of native collagen is predicted to grow from US$ 201.24 million in 2023 to over US$ 303.66 Million by 2033.
From 2023 to 2033, native collagen sales are expected to grow from US$ 201.24 million to over US$ 303.66 million. Market growth will be 4.2% between 2023 and 2033.
As the drug’s popularity grows, many applications are expected to emerge, such as cosmetics, healthcare, and pharmaceuticals. Awareness of the therapeutic procedure for treating rheumatoid arthritis, osteoarthritis, and wound healing will lead to an increase in the demand for native collagen.
In most cases, the native collagen used by animals comes from their bones and skin-related materials. The growth of the collagen market will be driven by the aging population’s increasing need for collagen. Plants produce collagen by obtaining it from fruits, flowers, and leaves.
“As the native collagen market expands, the primary factors driving it are the increasing use of collagen in the food industry, the growing interest in protein and nutricosmetics, the increased applications in healthcare, and the expanding use of collagen-based biomaterials. As well, collagen manufacturers can take advantage of a growing food processing industry and rising per capita income.” says a lead analyst at Future Market Insights.
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Key Takeaways from Market Study
Competitive Landscape:
Several prominent companies dominate this market, including Beyond Biopharma Co., Ltd., Bioiberica S.A.U., Bio-Rad Laboratories, Inc., Cosmo Bio, Creative Enzymes, RayBiotech, Inc., REPROCELL Inc., Rockland Immunochemicals Inc., Symatese, TSI Group Ltd., and Vetoquinol S.A.
Additional growth strategies include acquisition, partnerships, and research & development in the efficient extraction of native collagen from animals and plants. These strategies have led to the attainment of critical developments in the global native collagen market.
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Recent Developments:
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Native Collagen Market Segmentation by Category
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 04, 2023