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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.
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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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