Hydrolyzed Collagen Market Trends, Active Key Players, and Growth Projection Up to 2026 | Allied Market Research
The health & nutrition segment in the hydrolyzed collagen market is anticipated to have the highest market share during the forecast period.
PORTLAND, OR, US, April 8, 2023 /EINPresswire.com/ -- The global Hydrolyzed Collagen Market size was valued at $ 928.1 million in 2018 and is projected to reach $1466.5 million by 2026, registering a CAGR of 5.9% from 2019 to 2026. Hydrolyzed collagen is composed of small peptides having low molecular weight and is rich in essential amino acids including hydroxyproline, glycine, and proline. It is highly digestible, easily absorbed, and gets distributed in the tissues of the body. There are several health and beauty benefits associated with the ingestion of hydrolyzed collagen.
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Various health benefits offered by hydrolyzed collagen, rise in adoption of hydrolyzed collagen in the pharmaceutical industry, and growing use of hydrolyzed collagen in the food & beverage industry are the major drivers for the growth of the global hydrolyzed collagen market. However, high manufacturing cost hampers the market growth.
Regional Analysis:
The market across North America held the largest share in 2018, accounting for around one-third of the market, owing to busy lifestyles and improper food habits along with the rising health issues in the region. However, the market across LAMEA is projected to portray the fastest CAGR of 7.0% during the forecast period, owing to increase in consciousness of ingredients in products, rise in demand for ethical and natural cosmetics in countries such as Brazil.
Key Players Are:
The key players operating in the hydrolyzed collagen industry are Nitta Gelatin, Inc., GELITA AG, FOODMATE CO., LTD., Hainan Zhongxin Chemical Co., Ltd. (ZXCHEM). , GELNEX, SUBONEYO Chemicals Pharmaceuticals P Limited, Rousselot, Connoils, Naturin Viscofan GmbH, and Essen Nutrition.
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The health & nutrition segment in the hydrolyzed collagen market is anticipated to have the highest market share during the forecast period. The demand for nutricosmetics or ingestible beauty product is now swiftly spreading worldwide due to rise in disposable income of consumers, change in lifestyles along with growth in concern among the consumers regarding their appearance and desire to have a healthy skin & hair.
Key findings of the study
-> Based on form, the powder segment accounted for the highest hydrolyzed collagen market share in 2018, growing at a CAGR of 5.5% from 2019 to 2026.
-> Based on application, the health & nutrition segment occupied the maximum share in hydrolyzed collagen Market Analysis in 2018 and is expected to dominate the hydrolyzed collagen market forecast
-> Based on region, North America accounted for about 32.2% in 2018 of the hydrolyzed collagen market by share and is expected to grow at a CAGR of 5.5%.
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The manufacturers of sports nutrition products are focusing toward the benefits along with the safety, quality, and the natural source of the ingredients they use, offering safe ingredients with proven benefits to their consumers. Therefore, there is an increase in use of hydrolyzed collagen among sports nutrition manufacturers as it is derived from natural source, clean label, and is an excellent source of protein.
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