The market size for collagen hydrolysates surpassed USD 1.1 billion in 2022 and is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 7.5% from 2022 to 2032. The North American collagen hydrolysates market is anticipated to record a CAGR of 7.2% between 2022 and 2032. By 2027, the hydrolyzed collagen market is forecasted to demonstrate a year-on-year growth rate of 8.3%.
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.
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.
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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:
- Bovine
- Marine
- Porcine
By Dosage Form, Collagen Hydrolysates Market is Segmented as:
- Liquid
- Powder
- Capsules
By Application, Collagen Hydrolysates Market is Segmented as:
- Food and Beverage
- Pharmaceutical
- Cosmetics
- Nutraceuticals
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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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