Hydrolyzed Collagen Market to accelerate at 5.9% CAGR, USD 1.47 Bn incremental growth expected during the forecast period | AMR

Allied Market Research recently published a report, titled, “Hydrolyzed Collagen Market by Form (Liquid, Powder, and Capsules) and Application (Food, Health & Nutrition, Pharmaceuticals, Cosmetics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026″. According to the report, the global hydrolyzed collagen industry was pegged at $928.1 million in 2018 and is projected to reach $1.47 billion by 2026, registering a CAGR of 5.9% from 2019 to 2026.

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Major motives for market growth

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. On the contrary, surge in adoption of hydrolyzed collagen in nutritional cosmetics and use of hydrolyzed collagen in functional foods are expected to create lucrative opportunities in the near future.

Major Key Companies Involved:

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.

Regional Analysis:

North America held the lion’s share

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.

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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. In addition, increase in level of confidence regarding the proven benefits of nutricosmetics drives the consumers to look for supplements that can bring beauty from within.

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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Recently, the sports nutrition has become a macro trend and is a substantially growing market worldwide. This is attributed to growth in consumer awareness regarding the benefits related to exercise and sports nutrition products including nutritional bar, sports beverages, and more, which further extended the scope of sports nutrition products from a professional athlete’s niche market to a prevailing consumer market. 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. 

Check out more related studies published by AMR Research:

Collagen Market – https://www.alliedmarketresearch.com/collagen-market-A11055

Polyphenol Market – https://www.alliedmarketresearch.com/polyphenol-market

Food Ingredients Market – https://www.alliedmarketresearch.com/food-ingredients-market-A11028

Bakery Enzymes Market – https://www.alliedmarketresearch.com/bakery-enzymes-market-A14368

Adaptogens Market – https://www.alliedmarketresearch.com/adaptogens-market-A16862

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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