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| Global Skin Fibre Market Size |
Skin Fibre is a type of protein obtained from animals and plants that finds a
wide range applications in pharmacological, biomedical and cosmetic industries.
Skin Fibre provides various advantages like supporting skin health and
hastening wound healing process. With rising incidence of dermatological
disorders and growing awareness about skincare, the demand for skincare products
containing skin fibre is increasing.
The global
Skin Fibre Market is estimated to be valued at US$ 825.1 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The rise in dermatological disorders is one of the key trends driving the
growth of the skin fibre market. Skin disorders like acne, psoriasis, eczema
and others are on the rise worldwide due to increasing pollution, changing
lifestyle and climate changes. As skin fibre finds wide application in
treatment and management of various skin conditions, the demand from
pharmaceutical industry is growing. It is used in various medication to
stimulate collagen production, reduce inflammation and heal wounds faster. With
increasing healthcare expenditure and growing preference for herbal
alternatives over chemicals, the market is expected witness steady growth over
the forecast period.
Segment Analysis
The global Skin Fibre market is dominated by the collagen segment. Collagen
dominates with over 60% market share owing to its wide applications in wound
dressings, bone graft substitutes, drug delivery and others. It acts as a
scaffolding material for the regeneration of tissues in the body. The collagen
segment is expected to witness high growth over the forecast period.
Key Takeaways
Global
Skin Fibre Market Size is expected to witness high growth over the
forecast period. Rapid urbanization, growing geriatric population and increasing
investment in the healthcare sector are driving the growth of the market. The
global Skin Fibre Market is estimated to be valued at US$ 825.1 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period
2023 to 2030.
Regional analysis:
North America is expected to dominate the global Skin Fibre market over the
forecast period owing to the well-established healthcare infrastructure and
increasing healthcare expenditure in the region. The Asia Pacific region is
poised to witness the fastest growth led by rapidly growing economies of China
and India. Rising awareness about benefits of skin care products and increasing
preference for aesthetics are pushing the market growth in Asia Pacific.
Key players:
Key players operating in the Skin Fibre market are TSI Group Ltd., Qingdao Wan
Toulmin Biological Products Co., Ltd, HeBei SanXin Industrial Group, Bioiberica
S.A.U., Sigma-Aldrich, Inc., Sino Siam Biotechnique Company Limited, and
Bio-gen Extracts Private Limited, SEIKAGAKU CORPORATION, BRF, and ZPD. BRF is a
global leader in the collagen segment with over 25% market share. SEIKAGAKU
CORPORATION specializes in hyaluronic acid production and has strong presence
across Japan, Europe and North America.
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