Medical Collagen Market Increasing Consumer Spending Coupled With The Popularity Of Skin Surgeries Drives The Growth newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.
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This report provides in-depth analysis of the collagen market in six major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027. In terms of value, the collagen market is expected to grow at a CAGR of 6.9% to reach $7.5 billion by 2027, while in terms of volume, the market is expected to grow at a CAGR of 5.1% reach 683.8 KT by 2027.
The growth of this market is mainly attributed to the growing use of collagen in food industries, growing inclination towards protein consumption & nutricosmetics, increasing application in healthcare, and growing use of collagen based on biomaterials.
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NEW YORK, Dec. 16, 2020 /PRNewswire/ The global collagen peptides market is estimated to witness a notable growth in forecast period owing to the rising demand for collagens from food and beverage industry. The North America region is predicted to grow at a fast pace by 2027.
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Market Dynamics
The increasing demand for collagen peptides from the food & beverage industry and the growing awareness levels of people about health consciousness coupled with increasing consumption of nutritional products are the significant factors expected to upsurge the growth of the overall collagen peptides market during the forecast period. Moreover, the growing R&D activities for the development of novel products and the initiatives taken by several governments to promote healthy diets are likely to create massive growth opportunities in the global