Executive Summary:

The global hydrolyzed collagen market is expected to witness significant growth over the forecast period (2021-2028) due to the increasing demand for functional and healthy food and beverages, growing awareness about the benefits of collagen, and increasing demand from the cosmetics and personal care industry. Hydrolyzed collagen is a type of collagen that is broken down into smaller peptides, making it easier for the body to absorb and utilize. It is used in a variety of applications, including dietary supplements, food and beverages, cosmetics, and personal care products.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

• The global hydrolyzed collagen market was valued at USD 1.1 billion in 2020 and is expected to grow at a CAGR of 7.6% from 2021 to 2028.
• The Asia Pacific region is expected to be the fastest-growing market, with a CAGR of 8.2% over the forecast period, due to the growing demand for health supplements and functional food and beverages in the region.
• The dietary supplements segment is expected to be the largest application segment, accounting for over 40% of the market share in 2020, due to the increasing demand for nutraceuticals and health supplements.
• The bovine source segment is expected to be the largest source segment, accounting for over 50% of the market share in 2020, due to the easy availability and cost-effectiveness of bovine collagen.

Market Drivers:

• Growing demand for functional and healthy food and beverages: Hydrolyzed collagen is used in a variety of food and beverage products, including energy bars, protein drinks, and supplements, due to its health benefits. The growing demand for functional and healthy food and beverages is driving the demand for hydrolyzed collagen in the market.
• Increasing awareness about the benefits of collagen: Collagen is essential for skin health, joint health, and bone health. The increasing awareness about the benefits of collagen is driving the demand for hydrolyzed collagen in the market.
• Increasing demand from the cosmetics and personal care industry: Hydrolyzed collagen is used in a variety of cosmetics and personal care products, including anti-aging creams, lotions, and shampoos. The increasing demand from the cosmetics and personal care industry is driving the demand for hydrolyzed collagen in the market.

Market Restraints:

• High cost of raw materials: The cost of raw materials used for the production of hydrolyzed collagen, such as bovine and fish skin, is high, which increases the cost of the final product. The high cost of raw materials is a major restraint for the market.
• Safety concerns associated with the use of collagen: The use of collagen in some products has raised safety concerns, which can affect the market growth. For instance, the use of bovine collagen in cosmetics and personal care products has raised concerns about the transmission of prion diseases.

Market Opportunities:

• Increasing demand from emerging economies: The increasing demand for dietary supplements and functional food and beverages in emerging economies, such as India, China, and Brazil, presents significant opportunities for the hydrolyzed collagen market.
• Growing demand for clean label products: The growing demand for clean label products, which are free from artificial additives and preservatives, presents significant opportunities for the hydrolyzed collagen market. Hydrolyzed collagen is a natural ingredient that can be used in clean label products.

Market Dynamics:

The Hydrolyzed Collagen market is witnessing steady growth, driven by rising consumer awareness about health, wellness, and beauty benefits. Increasing demand for anti-aging products, joint health supplements, and protein-rich food and beverages is fueling market expansion. Additionally, the growing popularity of collagen-based skincare and nutraceutical products is creating new opportunities. Technological advancements in extraction and hydrolysis processes have enhanced product quality and application diversity. The market is also supported by the rise in fitness trends and sports nutrition consumption globally. However, price volatility of raw materials and regulatory challenges may slightly restrain growth in certain regions over the forecast period.

Regional Analysis:

• North America: The North American market is expected to hold the largest market share in 2020, due to the high demand for dietary supplements and the increasing use of collagen in the cosmetics and personal care industry.
• Europe: The European market is expected to witness significant growth over the forecast period, due to the increasing demand for collagen-based functional food and beverages and the growing trend of healthy aging.
• Asia Pacific: The Asia Pacific market is expected to be the fastest-growing market, due to the growing demand for health supplements and functional food and beverages in the region.

Competitive Landscape:

Leading Companies in the Hydrolyzed Collagen Market:

1. Rousselot International
2. GELITA AG
3. Weishardt Holding SA
4. Tessenderlo Group NV
5. Darling Ingredients Inc.
6. Italgelatine S.p.A.
7. Nitta Gelatin Inc.
8. Lapi Gelatine S.p.A.
9. Danish Crown AmbA
10. Cargill, Incorporated

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The global hydrolyzed collagen market is segmented based on source, application, and region.

• By source: Bovine, Porcine, Marine, Chicken, and Others.
• By application: Dietary Supplements, Food and Beverages, Cosmetics and Personal Care, and Others.
• By region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Category-wise Insights:

• Bovine source segment: The bovine source segment is expected to hold the largest market share in 2020, due to the easy availability and cost-effectiveness of bovine collagen.
• Dietary supplements segment: The dietary supplements segment is expected to be the largest application segment, due to the increasing demand for nutraceuticals and health supplements.
• Marine source segment: The marine source segment is expected to witness significant growth over the forecast period, due to the increasing demand for sustainable and eco-friendly products.

Key Benefits for Industry Participants and Stakeholders:

• Comprehensive analysis of the hydrolyzed collagen market trends, drivers, restraints, and opportunities.
• In-depth analysis of the market segmentation and regional analysis.
• Identification of key players and their strategic initiatives.
• Competitive landscape analysis, including mergers and acquisitions, collaborations, and partnerships.
• Key insights for industry participants and stakeholders to make informed decisions and gain a competitive edge in the market.

SWOT Analysis:

Strengths:

• Increasing demand for functional and healthy food and beverages.
• Growing awareness about the benefits of collagen.
• Increasing demand from the cosmetics and personal care industry.

Weaknesses:

• High cost of raw materials.
• Safety concerns associated with the use of collagen.

Opportunities:

• Increasing demand from emerging economies.
• Growing demand for clean label products.

Threats:

• Intense competition from local and regional players.
• Stringent regulations and quality standards.

Market Key Trends:

• Growing demand for collagen-based beauty supplements.
• Increasing use of collagen peptides in the nutricosmetics industry.
• Rising demand for collagen in the pet food industry.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the hydrolyzed collagen market. The lockdowns and restrictions on movement have led to disruptions in the supply chain and reduced demand from end-use industries, such as cosmetics and personal care. However, the demand for dietary supplements and functional food and beverages has increased due to the growing focus on health and wellness. The market is expected to recover in the post-pandemic period, with increasing demand from the cosmetics and personal care industry and the growing trend of healthy aging.

Key Industry Developments:

• In March 2021, Rousselot launched a new range of hydrolyzed collagen peptides, called ProTake, for the sports nutrition market.
• In February 2021, Weishardt announced the acquisition of Cosen Biochemical Co. Ltd., a Chinese manufacturer of collagen peptides.
• In January 2021, Nitta Gelatin Inc. announced the acquisition of the collagen peptide business of Wilmar International Limited, a Singapore-based agribusiness company.

Analyst Suggestions:

• Increasing focus on research and development to improve the quality and functionality of hydrolyzed collagen peptides.
• Collaborating with end-use industries to develop innovative products that meet consumer demands.
• Expanding into emerging economies, such as India and China, to tap into the growing demand for health supplements and functional food and beverages.

Future Outlook:

The global hydrolyzed collagen market is expected to witness significant growth over the forecast period, driven by the increasing demand for functional and healthy food and beverages, growing awareness about the benefits of collagen, and increasing demand from the cosmetics and personal care industry. The Asia Pacific region is expected to be the fastest-growing market, due to the growing demand for health supplements and functional food and beverages in the region. The dietary supplements segment is expected to be the largest application segment, due to the increasing demand for nutraceuticals and health supplements.

Conclusion:

The global hydrolyzed collagen market is expected to witness significant growth over the forecast period, driven by the increasing demand for functional and healthy food and beverages, growing awareness about the benefits of collagen, and increasing demand from the cosmetics and personal care industry. The market is highly fragmented, with the presence of numerous players. The key players are focusing on strategic initiatives, such as mergers and acquisitions, collaborations, and partnerships, to expand their market share.