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The key highlights of the report include:
Market Overview (2021-2026)
Historical Market Size (2020): USD 1.03 Billion
Forecast CAGR (2021-2026): 6.5%
Forecast Market Size (2026): USD 1.5 Billion
The growth of global collagen hydrolysate market is primarily driven by the demand from food and beverage industry. Owing to its texture improving properties it is highly used in confectionary sector to stabilise candies and bars and increase their chewiness. It is also used in dairy sector due to its stabilising properties. Additionally, the demand from pharmaceutical and nutraceutical industries, due its health benefits will further push the growth. Moreover, the market is expected to be catalysed due to its application in cosmetics and medical sector owing to the antiaging and cell repairing properties of collagen. However, shifting trend towards veganism and plant-based products may constrain the market growth in the forecast period.
Industry Definition and Major Segments
Collagen is a connective tissue found in animals. It is commonly found in bones, cartilages, tendons, and ligaments. It can be either rigid or flexible depending on the amount of mineralisation. Collagen hydrolysates are obtained by hydrolysis of collagen and are white powder with no odour and taste. They are primarily used as food additive.
On the basis of source, the industry is segmented into:
Based on form, the market is divided into:
Collagen hydrolysates find their application in the following:
Food and Beverage
The regional markets for collagen hydrolysates include:
Middle East and Africa
Regionally, North America is also one of the largest markets for collagen hydrolysates due to growing demand from medical and pharmaceutical industry. Moreover, the increasing consumption of collagen-based health supplements is also expected to propel the regional demand. Meanwhile, Europe is also expected to have a significant share due to demand from cosmetics sector which is aided by the high disposable income in the region. The Asia Pacific is projected to show the fastest growth due to rapid industrialisation and growth in meat processing sector. Further, increasing awareness for the health benefits of collagen in the region will aid to the growth in the forecast period.
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Key Market Players
The major players in the market are Titan Biotech, BioCell Technology LLC, Gelita AG, Nitta Gelatin, Inc., Hainan Huayan Collagen Technology Co., Ltd., NeoCell Corporation, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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