The middle east and africa hydrolyzed bovine collagen market is projected to experience substantial growth, with market demand expected to reach USD 42.4 million by the end of 2023. According to recent projections, the market is set to grow at a Compound Annual Growth Rate (CAGR) of approximately 9.4% from 2023 to 2033. By 2033, the market is anticipated to surpass USD 104.4 million, offering an impressive absolute dollar opportunity of USD 62 million over the forecast period.
This growth is primarily driven by a significant shift in consumer preferences towards natural and organic ingredients. Increasing awareness about the benefits of clean label products has fueled a rising demand for hydrolyzed bovine collagen, which is perceived as a wholesome, naturally processed ingredient free from chemical additives. Derived from the hides and bones of cows, hydrolyzed bovine collagen appeals to consumers seeking high-quality, organic options in their health and wellness products.
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“Consumers are becoming more discerning about the ingredients in their products and are placing greater emphasis on health-conscious choices,” said FMI. “The organic nature of hydrolyzed bovine collagen aligns with these preferences, driving its popularity in the Middle East and Africa region.”
The anticipated growth in the hydrolyzed bovine collagen market underscores the importance of meeting consumer demands for natural, sustainable products. As awareness of ingredient labels and health-consciousness continues to rise, the market is poised for further expansion in the coming years.
Key Takeaways from Middle East and Africa Hydrolyzed Bovine Collagen Market Study:
- The Middle East & Africa hydrolyzed bovine collagen industry showcased a steady CAGR of 11.0% in the historical period between 2018 and 2022.
- United Arab Emirates hydrolyzed bovine collagen industry is expected to witness a CAGR of 9.3% in the forecast period.
- Türkiye hydrolyzed bovine collagen market is anticipated to create an incremental opportunity of USD 13.7 million in the review period.
- In terms of product, the type I segment is projected to witness a CAGR of 9.2% in the assessment period.
- Based on form, the dry category is estimated to expand at an average CAGR of around 9.1% in the evaluation period.
“Conventional wellness habits have an impact on the need for hydrolyzed bovine collagen. These usually have complex connections to ecology and natural resources. Civilizations in the Middle East & Africa have a long history of using natural items for health and beauty. Understanding that collagen might enhance joint mobility and face health is set to support demand.” – Says a lead analyst at Future Market Insights (FMI).
Competitive Landscape:
Prominent companies are spending in research initiatives to develop innovative collagen products that cater to specific needs. This includes making functional foods, beverages, cosmetics, and dietary supplements based on collagen. Businesses can expand into different marketplaces and gain a broader clientele by offering a range of goods.
Maintaining product quality and ensuring that sourcing and production processes are transparent are essential strategies. Strict quality control methods, certifications, and clear labeling are used to boost consumer confidence. To gain an advantage, businesses might describe in detail where and how their bovine collagen is made.
For instance,
- Dubai welcomed JUJU Lifestyle in July 2023. This health and wellness company is renowned for its TikTok popular range of fizz pills. JUJU Collagen and GlutaFair are now easily accessible for sale in Dubai.
- Nestlé Health Science Türkiye introduced Vital Proteins, one of the most popular collagen solutions in globally, to consumers in July 2022. As it entered the market, Vital Proteins encouraged its clients to discover their inner light.
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Key Companies Profiled:
- GELITA AG
- Rousselot
- Symatese
- Collagen Solutions Plc
- DSM
- Advanced BioMatrix, Inc.
Middle East & Africa Hydrolyzed Bovine Collagen Market Outlook by Category:
By Product:
- Type I
- Type II
- Type III
- Other Product Types
By Application:
- Food & Beverage
- Functional Foods
- Functional Beverages
- Meat Processing
- Dietary Supplements
- Nutrition Bars
- Desserts
- Others
- Healthcare
- Bone Reconstruction
- Dental Applications
- Tissue Engineering
- Cosmetic Surgery & Wound Healing
- Cardiology
- Research (Cell Culture, Cell Behavior)
- Drug Delivery
- Other Applications
By Form:
- Dry
- Liquid
By Country:
- South Africa
- United Arab Emirates
- Saudi Arabia
- Türkiye
- Israel
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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