Collagen Market To Create Business Opportunities Worth USD 16.7 Billion By 2028, Based On Demand From The Cosmetics Industry Till 2028
Collagen Industry Overview The global collagen market size is expected to reach USD 16.7 billion by 2028, expanding at a revenue-based CAGR of 9.0%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to the high demand for collagen in cosmetic surgeries and wound healing treatments. Increasing consumer spending capacities coupled with the popularity of skin surgeries has propelled product demand across the world. Bovine, porcine, poultry and marine are the four main sources required for manufacturing collagen. Collagen from bovine source accounts for a substantial share of 38% as of 2020, as opposed to other sources, on account of the abundance of bovine sources and relatively lower price as compared to marine and porcine sources. Marine is superior to that of bovine or porcine sources, owing to its high absorption rate and bioavailability. However, the product obtained from marine costs relatively higher than...