The Europe Collagen Market size is expected to grow from USD 1.01 billion in 2023 to USD 1.36 billion by 2028, at a CAGR of 6.10% during the forecast period (2023-2028).
The growing importance of a healthy lifestyle has attracted many companies to enter into the production of proteins and amino acid supplements, which is driving the demand for collagen and its derivatives. Companies such as Gelita AG, are manufacturing collagen that is sourced from both bovine and fish, which are proven to significantly improve bone and skin health. Therefore, collagen finds increased application in skin care products, in the scenario of the growing cosmetics industry of Europe. In addition, collagen is one of the leading natural skincare ingredients targeting skin health and signs of aging. It can support the health of deep skin layers while providing visible beauty benefits from within. Also, collagen can improve the overall health of hair and skin. Increasing collagen levels can help skin look radiant and healthy, even reducing the appearance of fine lines and wrinkles associated with aging or environmental effects.
Also, with sustainability gaining traction in a world of growing demand for products, manufacturers of collagen, including gelatin and collagen peptides, are done in an environment-friendly manner. Manufacturers have started producing ingredients according to strict guidelines that minimize the environmental impact, thereby, striving to invest and improve their green credentials. Thus, the increase in the number of players adopting and implementing various strategies, to establish themselves and gain the trust of companies is, in turn, enabling rapid growth of the market. The majority of consumers transitioning to plant-based diets renounce animal products for ethical reasons. However, health and fitness benefits are the primary factors for some. With the increasing number of consumers against the consumption of animal-sourced food, vegan protein is gaining higher tracking the consumers in the country, which ultimately restricts the growth potential of animal-sourced protein and amino acids derivatives, such as collagen, in human nutrition. The wide range of applications of collagen ingredients and awareness about the benefits of using collagen products are expected to drive the market in the upcoming years.
Some of the most active companies in the European collagen market include Gelita AG, Koninklijke DSM N.V., Tessenderlo Group, Weishardt International, and Darling Ingredients. The market is competitive with the presence of various regional and global players. Key European collagen market players are investing in R&D and entering into mergers and acquisitions to enhance their product portfolios.
Some of the companies are also focusing on research for product innovations to launch different formulations of collagen with added benefits. Darling Ingredients has extensively focused on product innovations to establish a strong consumer base in the market.
Further, the companies have been introducing new and innovative products with the inclusion of naturally derived ingredients to make their product unique from the existing products. Owing to the rapidly developing nature of the market, new product innovation has become the most commonly used strategy among all, as it helps in understanding the changing needs of the consumers in the market.
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