Market revenue in 2024 | USD 80.1 million |
Market revenue in 2030 | USD 155.1 million |
Growth rate | 11.6% (CAGR from 2025 to 2030) |
Largest segment | Gelatin |
Fastest growing segment | Hydrolyzed Collagen |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen |
Key market players worldwide | Darling Ingredients Inc, Gelita AG, Tessenderlo Group NV, Symrise AG, Collagen Solutions, Rousselot, Sterling Gelatin, Weishardt, Junca Gelatines, Symatese, Collagen Matrix, Inc., Connoils, Advanced Biomatrix, Nitta Gelatin USA |
Gelatin was the largest segment with a revenue share of 62.42% in 2024. Horizon Databook has segmented the Vietnam collagen market based on gelatin, hydrolyzed collagen, native collagen, synthetic collagen covering the revenue growth of each sub-segment from 2018 to 2030.
Vietnam has emerged as a potential addressable market for collagen in the Asia Pacific region. The collagen market in the country is primarily driven by the escalating growth of the food & beverage, nutraceutical, and cosmetic industries.
The growth of these sectors in the recent past can be attributed to economic growth in the country on account of steady foreign direct investment, resilient exports, and strong domestic demand. Such factors have led various collagen manufacturers to tap into the Vietnamese market.
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