The Benelux collagen market stood at USD 279.6 million in 2019. It is projected to grow from USD 285.5 million in 2020 to USD 402.6 million in 2027 at a CAGR of 5.03% in the forecast period 2021-2027
GlobalBenelux collagen market shareis anticipated to grow eminently owing to its wide utilization in the healthcare and pharmaceutical industry, observes Fortune Business Insights™ in an upcoming report, titled, “Benelux Collagen Market Size, Share and Industry Analysis, By Type (Hydrolyzed Collagen, Native Collagen, and Gelatin), Source (Bovine, Marine, Poultry, Others), Application (Food and Beverages, Healthcare and Pharmaceuticals, Cosmetics, and Others), and Regional Forecast, 2020 2027.” The Benelux collagen market stood at USD 279.6 million in 2019. It is projected to grow from USD 285.5 million in 2020 to USD 402.6 million in 2027 at a CAGR of 5.03% in the forecast period.
Request Sample Report PDF-
https://www.fortunebusinessinsights.com/enquiry/sample/benelux-collagen-market-104690
Disruption amid COVID-19 Outbreak to Slowdown the Economy
The Benelux economy has been adversely affected by the COVID-19 outbreak. This has resulted in the closedown of manufacturing facilities globally, affecting numerous industries including food and beverages, medication, and others. In addition, the delay in raw material supply and shortage of labor force is further impacting the recovery of supply chains. Various food manufacturers and processors operating in these countries are struggling to survive the crisis. At Fortune Business Insights™, we are providing detailed insights by consistently analyzing various scenarios on-ground reality. We are offering detailed market reports based on our expertise and experience in the field of market research.
Highlights of the Report:
The report comprises a close study of competitive developments of key players including expansions, mergers and acquisitions, collaborations, partnerships, agreements, and new product developments. It also includes detailed insights about micro markets with respect to contributions, prospects, and trends. Research on the consumption of the product/service in the region, as well as indicators of factors affecting the market within each region, has been thoroughly conducted.
Drivers and Restraints-
Wide-scale Applications in Biomedical Space to Drive Growth
Extensive utilization of the protein in various biomedical applications, such as cardiovascular surgery, plastic surgery, orthopedics, ophthalmology, and others, due to its excellent biocompatibility and biochemical properties is expected to drive the growth of the Benelux collagen market. For instance, according to the International Journal of Pharmacy Teaching and Practices in 2017, collagen sponges, mini-pellets, and gel preparations are utilized as a biomaterial for drug delivery due to their biodegradable nature and synergism with other bioactive compounds present in the body. However, the availability of plant-based alternatives and substitutes for animal-derived collagen is estimated to hamper growth.
Inquire Before Buying This Report-
https://www.fortunebusinessinsights.com/enquiry/queries/benelux-collagen-market-104690
Segmentation-
Gelatin Segment to Dominate Fueled by Usage in Food and Beverages as a Thickening Agent
By type, the hydrolyzed collagen segment generated 43.76% in terms of the Benelux collagen market share in 2019. This growth is attributable to the increasing usage of this product in powdery supplements. The gelatin segment would lead the market stoked by its usage as a thickening or clarifying agent in food and beverages.
Regional Insights-
Rapid Growth in Food and Beverages Industry to Help Netherlands Gain Prominence
The Netherlands is anticipated to dominate the Benelux collagen market due to the rapid growth of the food and beverages industry in the country. For instance, according to the United States Department of Agriculture report 2019, the food processing industry in the Netherlands accounted for USD 82.5 billion in 2017 and USD 92.4 billion in 2018. In addition, the increasing demand from consumers for nutritious and healthy food products is expected to drive the Benelux collagen market growth.
Belgium and Luxembourg are anticipated to hold the second and third positions, respectively in the market. The increasing investments on research and development by key enterprises in these countries to improve the quality of the product are anticipated to boost the growth of Benelux collagen in the respective countries. In addition, the growing popularity and wide use of collagen in various end-use industries are expected to further enhance growth.
Competitive Landscape-
Strategic Partnerships to Aid Key Players in Diversifying their Product Lines
The Benelux collagen market comprises several developers and manufacturers that are constantly working on the development of the industry. The key players are focusing on strategic partnerships to expand their businesses. This will aid them in strengthening their presence in the Benelux Union. For instance, in September 2020, The Hut Group, a British e-commerce company, acquired Perricone MD, a luxury skincare brand. This acquisition is estimated to expand the company’s business capabilities with the help of an established distribution network from Perricone MD.
Request for Customization-https://www.fortunebusinessinsights.com/enquiry/customization/benelux-collagen-market-104690
About Us:
Fortune Business Insights™offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Benelux Collagen Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2027
