Latin America Medical Collagen Market 2022-2028
MARKET OUTLOOK
The medical collagen market in Latin America is predicted to exhibit growth with a CAGR of 6.06% over the forecasting period 2022-2028, according to Triton Market Research’s report. Mexico, Brazil, and Rest of Latin America together shape the market in this region.
The market in this region is expected to grow over the coming years. People’s desire towards a good appearance motivates them to keep healthy, young-looking, and wrinkle-free skin. This motivation is driving the market for medical collagen as they are increasingly opting for collagen products as they improve the skin’s health by reducing all the problems related to it.
Key players in this market are investing in R&D activities so as to introduce novel products to meet the rising customer demand and expand the company’s business. People can consume collagen in different forms, such as powder, capsules, or through beauty products like face wash, face creams, and others.
In Peru, Bioiberica, a leading life sciences company, launched Articolageno™, which is the first-ever food supplement derived from magnesium and hydrolyzed collagen. It contains a natural & patented ingredient called Mobilee™, which has a high hyaluronic acid content and has been scientifically proven to reinforce musculature and enhance joint mobility. These notable developments are favorable for the growth of the medical collagen market in Rest of Latin America.
COMPETITIVE OUTLOOK
Major players engaged in the medical collagen market include Jellagen, Darling Ingredients Inc, Tessenderlo Group, DSM, Nippi Inc, Stryker, Connoils LLC, and Gelita.
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