Viet Dragon Securities - CG Market (Collagen and Gelatin) and growth prospect

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Viet Dragon Securities

Hien Le

C&G Market (Collagen and Gelatin) and growth prospect

According to a report by Precedence Research, the global collagen market is estimated to reach a capitalization of USD 10.08 bn in 2022, with a projected Compound Annual Growth Rate (CAGR) of 8.9% during the 2023-2032 period as (1) the increasing demand for collagen to enhance joint and skin health as the world's average age rises, and (2) the gradual increase in individual incomes, which is expected to stimulate higher spending on health care products.
US, Germany, Japan, and Canada are major importer of C&G powder products, while China is the largest exporter of C&G powder. The C&G powder market has achieved a compound annual growth rate (CAGR) of 5% during the 2013-2022 period. Among the top importing countries, the volume of collagen powder imports has surpassed that of The prices of C&G range from approximately USD 7-9/kg in major importing countries.
The entry of VHC into the C&G market (since 2015, primarily in powder form) and ANV (since 2023) is expected to optimize by-products from pangasius. We anticipate that the C&G segment of VHC and ANV will achieve double-digit CAGR for the 2024-2032 period as companies increase their factory capacities to meet consumer demand

05/02/2024 7 EN

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Viet Dragon Securities

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Analysts

Hien Le

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Phuong Nguyen

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The decline has not come to a halt

• It is expected that the 1,260–1,270 range, where the MA(20), MA(50), MA(100), and MA(150) converge, will help to slow down the market’s decline. • The market may see fluctuations in the near term to gauge supply and demand.

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C&G Market (Collagen and Gelatin) and growth prospect

AWAITING THE BREAKOUT

Vietnam chilled-fresh meat market – Significant long-term potential but difficult to realize in

The decline has not come to a halt

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