Benelux Collagen Market Share, Size, Trend, Demand, Analysis by Top Leading Player and Forecast Till 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.

The Global Benelux collagen market is 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.

Information Source- https://www.fortunebusinessinsights.com/benelux-collagen-market-104690 

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-

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.

Country Insights-

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.


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