South East Asian Collagen Market Worth
The South East Asia Collagen Market will grow at a CAGR of 7.2% from
2018 to 2023 to reach USD 142.84 million by 2023, according to the latest
publication from Meticulous Research®. The South East Asia collagen
market is driven by the growing use of collagen in food industry, growing
inclination towards protein consumption & nutricosmetics, increasing
application in the healthcare industry, growing technical applications, and rising
use of collagen based biomaterials. However, factors such as need of compliance
with various standards and stringent regulations due to safety concerns,
religious constraints, and growing use of alternatives are expected to hinder
the growth of this market to some extent.
Key Market Segments to
Watch
The South East Asia
collagen market is mainly segmented by product type (collagen peptide and
gelatin), source (porcine, bovine, marine, chicken, sheep, and other animals),
application (food and beverages, cosmetics, nutraceuticals, pharmaceuticals,
healthcare, and technical), and geography.
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Based on product type,
gelatin held the largest share of the market in 2017, and is expected to
dominate South East Asian collagen market during the forecast period. The
application of gelatin has been significant in pharmaceutical industry, as it
is primarily being used to make the shells of hard and soft capsules, tablets,
granulation, suppositories, plasma substitute for medicines, dietary/health
supplements, syrups, etc. Apart from this, growing usage of gelatin in photography,
nutraceuticals, and cosmeceuticals offers many opportunities for all the
stakeholders in this market. The growing inclination towards the protein
consumption among the general population and rising consumption of bakery
products have further sparked the growth of gelatin market in recent years.
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Based on source, porcine
accounted for the major share of the South East Asian collagen market in 2017,
owing to the large amount of pork being consumed in this region that results in
the abundant availability of raw material for the collagen manufacturing. Pig
skin is the most favored source of collagen, as the other sources like fish
collagen are exposed to denaturation and exhibits inferior gelling,
emulsifying, foaming, and film-forming properties to those of commercial
pigskin gelatin.
Apart from its abundant
availability, the characteristics of pork collagen such as similarity to human
collagen, makes it widely acceptable as it is known to have negligible allergic
response to human body. Apart from food processing, pork collagen also has wide
range of applications in the tendon reinforcement, hernia repair, skin and
wound healing, and plastic and reconstructive surgery.
Based on application,
food and beverages accounted for the major share of the South East Asian
collagen market in 2017, owing to the various properties associated with
collagen’s gelling behavior such as texturizing, thickening, gel formation, and
water binding capacity. However, the use of collagen in nutraceutical
application is expected to increase at a considerable pace in the next few
years.
Regional Market Growth
Trends
Geographically, this
market is segmented into Indonesia, Thailand, Malaysia, Philippines, Vietnam,
Singapore, and RoSEA. Indonesia commanded the largest share in the South East
Asian collagen market in 2017 and is expected to witness significant growth
during the forecast period, followed by Thailand, and Malaysia. The large share
of this market is mainly attributed to its booming food processing industry due
to growing population, increased urbanization, growing awareness of healthy
products, rising incomes, the shift of consumers towards modern retail stores,
and growing tourism industry. In addition, Indonesia’s fast-growing economy and
growing livestock and meat processing industry further drives the market for
collagen in this country.
Top Companies Operating
in the South East Asian Collagen Market
The key players operating
in the South East Asia collagen market are Rousselot, GELITA AG, Weishardt
Holding, Tessenderlo Group, Nitta Gelatin Inc, Italgelatine S.p.A., REINERT
GRUPPE Ingredients GmbH, GELNEX, PT. AIMFOOD MANUFACTURING INDONESIA, Holista
CollTech Limited, Collagen Solutions Plc, and Advanced BioMatrix Inc.
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About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated
as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company
under the Companies Act, 1956. Since its incorporation, the company has become
the leading provider of premium market intelligence in North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa.
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Us:
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Viren Shrivastava
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Global Sales and Marketing
Meticulous
Research®
Tel:
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Email: viren@meticulousresearch.com
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