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Global Collagen Hydrolysates Market to Grow at a CAGR of 6.5% During 2021-2026, Driven by Rising Application Sector

According to a new report by EMR titled, ‘The global collagen hydrolysates market is likely to grow at a CAGR of 6.5% to attain a value of USD 1.5 billion by 2026.’

The global collagen hydrolysates industry is being propelled by the rapidly growing applications in cosmetic, pharmaceutical, and food and beverage industry. The pharmaceutical and biomedical segment is the largest segment for applications with growing demand for bone filling in the development of bones for chronic injury or illness. The food and beverage sector is also expected to grow significantly because of the growing usage of dietary supplements. The cosmetic sector will also expand in the coming years owing to the anti-aging effect.

The bovine segment, extracted from cow, is the largest source market for collagen hydrolysates. The reason is the higher yield, easy availability, and cost effectiveness of bovine source. This is used by the pharmaceutical, cosmetic sectors. The food and beverage industry also use bovine collagen hydrolysate for additive in cakes and confectionary. The marine segment is also expected to witness swift growth because of the high absorption rate and availability. The key players in the market have the production facility closer to the sources to reduce costs and shorten time of production. The producers are also trying to increase the market penetration through expansion of distribution networks.

One of the largest producers, NeoCell Corporation was acquired by the Clorox company (NYSE: CLX) which was announced in March 2018. The NeoCell Corporation has been popular for its hair, skin, and nails supplements. The brand building, marketing of Clorox is anticipated to accelerate the demand for NeoCell products. Clorox also has strong relationship with retail and e-commerce distribution centres that can help NeoCell. Thus, the acquisition is expected to augment the growth of collagen hydrolysates industry.

Market Analysis by Source, Form, Applications and Regions:

  • The source for collagen hydrolysates is bovine, porcine, and marine, among others.
  • The forms of product are powder, liquid, and capsules, among others.
  • The applications for the industry are in pharmaceutical/biomedical, food and beverage, nutraceuticals, and cosmetics, among others.
  • The regional markets for collagen hydrolysates include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing skincare awareness and anti-aging property are driving the demand for collagen hydrolysates.
  • The investment in R&D and distribution network will augment the market growth.
  • The growing consumption of health supplements and energy drinks will provide impetus to the growth of industry.
  • The rising demand from pharmaceutical sector will bolster the industry growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global collagen hydrolysates industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the source, form, application, and major regions of collagen hydrolysates industry. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global collagen hydrolysates market are Titan Biotech, BioCell Technology LLC, Gelita AG, Nitta Gelatin, Inc. Hainan Huayan Collagen Technology Co., Ltd., and NeoCell Corporation among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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