The Global Skin Fibre Market Growth Accelerated By Rise In Dermatological Disorders

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The Global Skin Fibre Market Growth Accelerated By Rise In Dermatological Disorders

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.

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.

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.