08 April 2019
Visiongain has launched a new pharma report Collagen Pharma Market Report 2019-2029 : Revenue Prospects for Source, Product, and Application.
Currently, collagen has become in demand ingredient towards healthy foods development. Collagen productions in the body decline with age and bad diet. As collagen injection is not a preference to most people, the best way to gain collagen is through diet. Consequently, collagen has been blended together in a variety of foods and beverages products. Furthermore, it has been applied as protein dietary supplements, carriers in the meat processing, edible film and coatings of products, and food additive to enhance products’ quality.
The lead analyst of the report commented "Demand for premium grade collagen for surgical procedures, wound dressing, and drug delivery mechanisms is expected to drive the market within the forecast period. Marine collagen is expected to grow at a fast pace in the forecast period. Marine collagens are regarded as superior collagens as they are absorbed much more efficiently into the body. The market in the Asia Pacific is expected to register comparatively faster growth in terms of revenue over the next 10 years and this is attributed to increasing demand for beauty products and health supplements in the region."
Leading companies featured in the report include Advanced BioMatrix, Inc., Collagen Matrix, Collagen Solution Plc, Cologenesis HealthCare Pvt. Ltd., CONNOILS LLC, Croda International Plc., JBS S.A., Koninklijke DSM N.V., and other companies.
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The food for special medical purpose (FSMP) market growth can be attributed to the growing prevalence of metabolic diseases, growing consumer unhealthy lifestyle, and surge in demand from emerging economies such as Asia Pacific, Middle East & Africa, Latin America, and others.
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Growing incidence of chronic diseases; increasing R&D investment for drug discovery research and Growing Adoption of High-Throughput Screening Methodologies are some of the major factors that propel the market growth.
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The main drivers for the growth include technological advancements in the development of novel biomarkers, rising preference for minimally or less invasive surgeries, increasing cancer awareness leading to growth in cancer cases, and growing disposable income in emerging economies.
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Factors such as increasing data volumes for analysis, quick turnaround time for the discovery and development new drug, computing power, AI also helps in targeted manufacturing and others drive the market growth.