Hydrolyzed Collagen Market to Reach $1.47 Bn, Globally, by 2026 at 5.9% CAGR, Says Allied Market Research

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Nov 19, 2019, 09:30 ET

PORTLAND, Oregon, Nov. 19, 2019 /PRNewswire/ -- 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.

Major motives for market growth

Natural ingredient demand in food & cosmetics to grow hydrolyzed collagen market

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.

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Liquid hydrolyzed collagen segment to manifest the fastest CAGR through 2026

The liquid segment is projected to manifest the fastest CAGR of 6.4% during the forecast period, owing to rising consumer concern their physical appearance and desires to get beauty from within. However, the powder segment held the largest share in 2018, contributing more than two-fifths of the market, as it can be easily digested and absorb in the body and it is tasteless in nature, thus can be added to coffee, tea, or water.

Health and nutrition segment dominated the market

The health and nutrition segment dominated the market in 2018, contributing nearly two-fifths of the market. The change in the lifestyle and unapt food habit of consumers that leads to high demand for the dietary supplement, which in turn boosted the growth of the segment. However, the cosmetics segment is estimated to register the fastest CAGR of 7.1% during the forecast period. Cosmetics improves the appearance of hair by enhancing volume, texture & suppleness of hair, repairs the damaged skin, serum and cream to prevent moisture loss to the skin, which increases the growth of the segment.

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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Major market players

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
Essen Nutrition

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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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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