As per the research report, the size of the MEA Collagen and Gelatin Market is valued at USD 0.39 billion in 2023 and estimated to be growing at a CAGR of 9.23%, reaching USD 0.611 billion by 2028 during the forecast period 2023 to 2028.
Growing awareness about the benefits of gelatin and collagen in food products, increasing health issues among young people, the ever-increasing technological advancements, and rising disposable income are driving the growth of the MEA collagen and gelatin market throughout the studied period. In addition, chronic wounds like diabetic foot ulcers (DUPs), bed sores, and burn injuries will increase the demand for collagen and gelatin products.
Other factors such as rising healthcare expenditures, demand for better products and services, and availability of public and private funding for R&D support the development of collagen and gelatin products. The food processing industry continues to grow, where functional foods and nutraceuticals are in high demand. Collagen products are becoming very popular among young people as a nutrient supplement to delay skin wrinkles due to aging etc.
The cosmeceutical industry is using this interest in involving collagen substituents in skin creams, serums, and gels to meet the growing demand in the MEA region. In addition, the shift in poor lifestyle habits with decreased physical activities has raised the prevalence of osteoporosis, obesity, and diabetes, among others; this shift is driving the growth of the MEA collagen and gelatin market.
However, the increased availability of cheaper products in the market without any authorized regulatory approving these products will negatively affect the market growth. Furthermore, the volatility of the poor economies in certain MEA regions with raising price costs and the presence of alternative products such as agar, Carrageenan, hyaluronic acid, etc., further limits the growth of the MEA collagen and gelatin market over the forecasted period.
This research report on the MEA Collagen and Gelatin Market has been segmented and sub-segmented into the following categories.
By Source:
By Application:
By Country:
Geographically, the MEA Collagen and Gelatin Market have the largest market share globally, owing to various factors such as increased healthcare awareness and support of government activities during the projected period.
The UAE Collagen and Gelatin Market will grow at the highest CAGR due to the high incidence of chronic diseases and trauma like osteoporosis, burns, and diabetes high demand for nutritious products. In addition, the latest technological advancements are estimated to boost this regional market growth.
The Saudi Arabia Collagen and Gelatin Market had good and steady growth owing to the factors such as increased demand for better healthcare supplements, high prevalence of chronic diseases, large geriatric population, and growing demand for aging cosmetics will drive the market in the future.
KEY MARKET PLAYERS
Leading companies dominating the MEA Collagen and Gelatin Market profiled in the report are LifeSciences Holding Corporation (U.S.), Collagen Solutions plc (U.K.), Vornia Biomaterials, Ltd. (Ireland), Collagen Matrix, Inc. (U.S.), GELITA AG (Germany), Nitta Gelatin, Inc. (Japan), and PB Gelatin (Belgium), Royal DSM (Netherlands), Integra SYMATESE (France), and NuCollagen, LLC. (U.S.).,
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