Collagen Hydrolysates Market with a Comprehend Key Patterns and Development in Impact of Covid-19 with CAGR of 7.5%
According to the recent FMI report, the sales for collagen hydrolysates are expected to surpass a value of USD 1.9 Bn in 2032, rising at a CAGR of around 7.5% through the end of 2032.
Given the increased desire of central and food authorities for safety, proper labelling of hydrolyzed collagens will be a focal area for market players. The Food and Drug Administration (FDA) in the United States has announced new food labelling advice in order to promote greater standardization in the way health and nutrition information is presented to consumers.
Changes to food labelling in Europe are stricter than those in North America. Improved legibility of information and detailed facts about the product’s provenance is among the new standards. Another important element of such restrictions is a large number of product recalls as a result of failure to follow legal protocols, which necessitates manufacturers’ full attention while promoting their products in order to protect their businesses from product recalls.
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Apart from that collagen, a cosmeceutical ingredient for anti-ageing in skincare products is widely used in the cosmetic sector. Collagen is a fibrous protein of animal origin with a high molecular weight that is prevalent in connective tissue, skin, cartilage, tendons, ligaments, nails, teeth, and hair in humans and animals. Industrial collagen is still primarily derived from livestock.
Large amounts of livestock by-products are wasted as trash every year by the food and meat processing businesses all over the world. These, on the other hand, might be used as important protein resources for novel dietary ingredients or hydrolyzed into value-added products, which is a commonly used method for improving and upgrading the functional and nutritional qualities of proteins. These factors are, therefore, promoting the collagen hydrolysates market in various parts of the world.
Key Takeaways from the Collagen Hydrolysates Market Study:
- Up to 2023, the European collagen hydrolysates market is predicted to grow at a rate of around 8.7%. In Europe, there is an increasing market for collagen-based cosmetics due to a trend toward beauty supplements.
- Given its great absorbability, which makes it more effective than powdered and tablet forms, liquid hydrolyzed collagen is rapidly gaining popularity, according to the paper. During the projection period, sales of liquid hydrolyzed collagen will expand at a compound annual growth rate of 9.2%.
- In 2027, the hydrolyzed collagen market is expected to develop a year-on-year growth rate of 8.3%.
- Increasing per capita expenditure on cosmetics and personal care goods is a result of improving financial conditions around the world. The number of working women and the general education rate are both rising, resulting in higher per capita income.
- Consumers in North America are focusing on adopting a healthy lifestyle as a result of their busy lifestyles and poor eating habits, as well as the rising number of health difficulties. The market for collagen hydrolysates in North America is developing at a rate of 7.2% per year.
“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” said a lead analyst at FMI.
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Who is winning?
Key players operating in the global collagen hydrolysates market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering collagen hydrolysates are Inc. Amicogen, PB Gelatins GmbH, Beijing Semnl Biotechnology Co, Ltd., NeoCell Corporation, Nitta Gelatin, Inc., Rousselot, Connoils LLC, Amicogen, Inc., Essen Nutrition, Foodmate Co., Ltd., and others.
Collagen Hydrolysates Market By Category
By Source, Collagen Hydrolysates Market is Segmented as:
By Dosage Form, Collagen Hydrolysates Market is Segmented as:
By Application, Collagen Hydrolysates Market is Segmented as:
- Food and Beverage
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Frequently Asked Questions
- How Big is the Collagen Hydrolysates Market?
- At What Growth Rate is Collagen Hydrolysates Market Growing?
- What is the North America Collagen Hydrolysates Market Outlook?
- At What Rate will Collagen Hydrolysates Demand Grow in Europe?
- What Are the Key Trends Shaping the Collagen Hydrolysates Market?