CAITEC Recommends High Quality Development of Collagen Industry

On October 9, the Chinese Academy of International Trade and Economic Cooperation (CAITEC) issued the White Paper of Development of high-quality collagen industry in China.

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The White Paper introduces the sources, classifications, and efficacy of collagen, and analyzes the Chinese and international market subjects and growth directions. It focuses on the development positioning, technology research and development, brand building, qualification, and sales arrangement of key Chinese collagen companies such as Suzhou Jiliding, Guangzhou Trauer, Shanxi Jinbo, Shaanxi GIANT BIOGENE, Taiwan SUNMAX BIO, and Guangzhou JY-RAN Bio, and analyzes the problems, risks, challenges, and prospects facing the development of China's collagen industry.

Collagen peptide supplementation can activate immune cells, maintain beauty, repair damaged skin, and assist in weight loss. Collagen peptides have been deeply applied in cosmetics, medical and aesthetic fields. After years of industrial development and market cultivation, the market size growth rate of collagen peptides in China is significantly higher than that of the world.

Grand View Research data shows that the global collagen market size reached $15.356 billion in 2019, and $17.258 billion in 2022, and is expected to reach $22.622 billion in 2027, with a CAGR of 5.42%.

Since 2005, China's collagen industry has been growing rapidly. In addition to the original collagen producers, food and pharmaceutical companies have been optimistic about the market prospects and have crossover the market. According to Grand View Research report, the collagen market size in China is $983 million in 2019, accounting for about 6.40% of the global market. And by 2027, the market size of collagen in China is expected to achieve $1.576 billion, accounting for about 6.96% of the global market.

The White Paper suggests that the collagen industry should take the path of high-quality development, deepen cooperation between industry, academy, research, and government, improve production processes and product added value, and extend product chains and upgrade products. Also, Strengthen the audition from the source and pay attention to the standard setting and normalized application of collagen. The initiative is for enterprises to try to keep more high-end products in the country and promote Chinese consumption upgrades.

The White Paper calls on industry enterprises, management departments, and consumers to pay attention to the high-quality development of China's collagen industry and to cultivate and promote well-known brands of Chinese collagen.

It is worth mentioning that on October 9, China's collagen leader Biogene just passed the hearing of the Hong Kong Stock Exchange and is just one step away from going public.

PS: The CAITEC is one of the first CHINA TOP THINK TANKS construction units established by the central government in 2015, providing advisory reports and decision-making recommendations in the field of economic diplomacy and business development for the central party and central decision-making departments, providing research evaluation and analysis consultation for the promulgation and implementation of policies of the central party and the State Council, and providing strategic planning and implementation plans for local decision-making departments in opening up and innovative development.