The scope of our recent study titled "Hydrolyzed Collagen Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Source and Application" includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.
The hydrolyzed collagen market was valued at US$ 946.43 million in 2022 and is projected to reach US$ 1,322.60 million by 2028; it is expected to register a CAGR of 5.7% from 2022 to 2028.
Hydrolyzed collagen is becoming increasingly popular across the nutraceutical industry. It is used to manufacture dietary supplements and protein powders. In the past few years, the demand for dietary supplements has increased dramatically due to increasing consumer preference for products boosting physical strength and fitness. Hydrolyzed collagen is easy to digest and can slow down a body's aging process, if consumed regularly. Manufacturers are launching a wide range of hydrolyzed collagen supplements. For instance, in November 2020, Life Extension, a US-based company, launched a new hydrolyzed collagen supplement for skin and joint health. There is a vast availability of various hydrolyzed collagen supplements and powders in retail stores. Moreover, hydrolyzed collagen is used in sports nutrition products to maintain joint and bone health. Therefore, above mentioned factors surging the hydrolyzed collagen market growth during the forecast period.
Based on source, the hydrolyzed collagen market is divided into bovine, porcine, poultry, marine, and others. The bovine segment held the largest share of the hydrolyzed collagen market in 2022, and the marine segment is projected to register the highest CAGR during the forecast period. Bovine-based hydrolyzed collagen is a common food additive and supplement. It is primarily extracted from cows. The consumption of bovine collagen helps improve skin health and prevent bone loss. The body’s collagen production naturally decreases with age, and the deficiency can cause health issues related to bone, joints, and skin. Individuals exposed to excess sunlight are also at risk of decreased collagen production. Bovine hydrolyzed collagen supplements may help counter the effects of low collagen levels. Boiling cow bones or other cattle byproducts in water produces this collagen type. Hence, increasing demand for the bovine-based hydrolyzed collagen simultaneously fuels the hydrolyzed collagen market growth.
The hydrolyzed collagen market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America held the largest share of the market in 2022 and Asia Pacific is expected to register the highest CAGR during the forecast period. The hydrolyzed collagen market in Asia Pacific is subsegmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Emerging economies, including India, China, and South Korea, are witnessing a surge in health-conscious consumers as a result of the impact of social media. Growing demand for nutritional supplements and increasing use of hydrolyzed collagen in personal and sports nutrition products are factors driving the hydrolyzed collagen market in Asia Pacific. Functional food and beverages have gained immense popularity among the health-conscious population. Due to high nutritional values and economic feasibility, hydrolyzed collagen allows food, beverage, and dietary supplement companies to meet the market's insatiable targets of protein supplementation.
Impact of COVID-19 Pandemic on Hydrolyzed Collagen Market
The COVID-19 pandemic also triggered changes in the overall dietary preferences of consumers. Due to the increased health awareness, consumers prefer high-protein diets, which boosted the demand for hydrolyzed collagen-based products as it is a good source of protein. Moreover, manufacturers from the animal feed, food & beverage, and nutraceutical industries are increasingly adopting hydrolyzed collagen as raw material and a major source of nutrients for their products. Thus, the rising number of manufacturers and consumers’ preference for consuming food supplements, oral supplements for skin care, and healthcare routines is boosting the demand for hydrolyzed collagen. Thus, the pandemic had a positive impact on the overall hydrolyzed collagen market.
The report segments the hydrolyzed collagen market as follows:
Based on source, the hydrolyzed collagen market is divided into bovine, porcine, poultry, marine, and others. In terms of application, the hydrolyzed collagen market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. By geography, the hydrolyzed collagen market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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