Collagen Hydrolysates Market Potential Growth, Share, Demand And Analysis Of Key Players, Forecasts To 2032
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.
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.
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.
Get Valuable Insights into Collagen Hydrolysates
Market
FMI, in its new offering, provides an unbiased analysis of collagen
hydrolysates presenting historical demand data (2017-2022) and forecast
statistics for the period from (2022-2032). The study divulges compelling
insights on the demand for collagen hydrolysates based on source (bovine,
marine, and porcine), by dosage form (liquid, powder, and capsules), by
application (food and beverage, pharmaceutical, cosmetics, and nutraceuticals)
across five major regions.
Information Source: https://www.futuremarketinsights.com/reports/collagen-hydrolysates-market
Comments
Post a Comment