Collagen Market Growth Opportunities and Recent Developments

Northbrook, IL -- (SBWIRE) -- 12/06/2021 -- The collagen market is estimated to account for nearly USD 3.5 billion in 2018 and is projected to reach a value of nearly USD 4.6 billion by 2023, at a CAGR of 5.2%. The rising demand for convenience food and increasing awareness of collagen in the medical and healthcare industries are the major driving factors for the market. On the other hand, the cultural restrictions due to the usage of animal skin are projected to hinder the market growth.