Latin America Collagen Hydrolysates Market Share, Size, Analysis, Report, Forecast: Bovine, Porcine, Marine, Others; By Form: Powder, Liquid, Capsules; By Application: Pharmaceutical/Biomedical, Food and Beverages, Nutraceuticals, Cosmetics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Latin America Collagen Hydrolysates Market Outlook 

The Latin America collagen hydrolysates market size reached a value of approximately USD 136.70 million in 2023. The market is expected to grow at a CAGR of 6.8% between 2024 and 2032, reaching a value of USD 247.13 million by 2032.

Key Trends in the Market

Collagen hydrolysate is a group of low molecular weight peptides which is obtained by enzymatic action in acid or alkaline media at a specific incubation temperature. Supplementation with collagen hydrolysates helps strengthen joints and improve metabolism, skin, and gut and liver health, as well as prevent bone loss and support the cardiovascular system. In cosmetics products, collagen hydrolysate is used as a humectant to aid in hydrating skin upon topical application.

• Rising health consciousness is anticipated to propel the demand for nutraceuticals, which is expected to increase the utilisation of collagen hydrolysates. Increasing incidences of chronic ailments and growing concern towards improving bone and immunity in Latin America are major factors increasing the demand for collagen hydrolysates in the region.

• Collagen hydrolysates have anti-aging and cell-repairing properties that make them suitable for cosmetic product formulations. Moreover, the growing consumer focus on personal grooming is bolstering the demand for cosmetic products, which is expected to support the Latin America collagen hydrolysates market growth.

• Increasing research and development (R&D) activities and product innovations in the collagen hydrolysates market are being undertaken that are expected to support growth of the market during the forecast period. These include launch of enhanced products with efficient collagen-based materials with improved functional characteristics.

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Market Analysis

Based on source, the Latin America collagen hydrolysates market is segmented into bovine, porcine, and marine, among others. On the basis of form, the market is divided into powder, liquid, and capsules. By application, the market is categorised into pharmaceutical/biomedical, food and beverage, nutraceuticals, and cosmetics, among others. Based on country, the market is divided into Brazil, Mexico, and Argentina, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America collagen hydrolysates market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Gelnex Industria E Comercio Ltda

• Connoils LLC

• Rousselot BV

• Novaprom

• Gelita AG

• InterGenics, Inc.

• Others

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Market Share by Source

By source, the bovine segment dominated the Latin America collagen hydrolysates market and is expected to continue doing so supported by the widespread availability of raw materials due to extensive cattle farming in the region. Furthermore, hydrolysed collagen from bovine sources have depicted enhanced therapeutic properties. When sourced from bovine lungs, collagen hydrolysates exhibit anti-inflammatory and antioxidant properties while sourcing from bovine Achilles tendons indicates antimicrobial, antihypertensive, and antioxidant properties. Accordingly, the growing demand for collagen hydrolysates extracted from bovine sources in the production of dietary supplements is supporting the market growth.

Collagen hydrolysates such as bovine based collagen hydrolysates (BHC) is considered safe for consumption by regulatory agencies, which has increased its demand from food and pharma industries. Bovine collagen hydrolysates are also used in the production of processed foods such as in ham elaboration, which is expected to support the growth of the Latin America collagen hydrolysates market.

Market Share by Country

Brazil is anticipated to hold a large share in the Latin America collagen hydrolysates market by country, supported by its strong network of bovine cattle livestock and swine livestock, leading to a steady supply of raw materials for collagen hydrolysates. Leading companies are also expanding their manufacturing facilities in Brazil to meet the rising demand for collagen hydrolysate-based products. They are increasing their focus to produce high quality collagen products and derivatives using clean, bio-extraction technology.

As more consumers are adopting healthier lifestyle, the demand for food and beverage products with enhanced level of collagen hydrolysates to boost nutritional profile is expected to surge. Meanwhile, in Mexico, increasing launches of innovative collagen hydrolysates-based supplements to meet the evolving consumer demands are anticipated to augment the market growth in the country over the forecast period.

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Competitive Landscape 

Gelnex Industria E Comercio Ltda, founded in 1998, has its headquarters in Santa Catarina, Brazil. A food and beverage manufacturing company, Gelnex Industria E Comercio manufactures collagen peptides and gelatine along with other natural and healthy ingredients for consumers worldwide. They provide reliable, versatile, and high-quality products globally to help people lead a healthier life.

Connoils LLC was established in 2007 and is headquartered in Wisconsin, United States. The company is one of the leading producers and distributors of oils and oil powders which find their application across various industries such as food, pet nutrition, drink, sports nutrition, and supplement, among others. Its product portfolio comprises of fats and oils, flowers and plants, and seeds and berries.

Rousselot BV was founded in 1891 and has its headquarters located in Noord-Brabant, Netherlands. A subsidiary of Darling Ingredients Inc., Rousselot is primarily engaged in offering collagen-based solutions for the food, health and nutrition, biomedical and pharmaceutical sectors. They focus on converting the full potential of collagen molecules into solutions that will sustain the well-being of people.

Other market players include Novaprom, Gelita AG, and InterGenics, Inc., among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.