According to “The Insight Partners” latest market study on “The global Hydrolyzed Collagen Market to 2027 – COVID-19 Impact and Global Analysis – by Source (Bovine, Porcine, Poultry, Marine, and Others) and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others),” the market was valued at US$ 810.59 million in 2019 and is projected to reach US$ 1,247.53 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.
Hydrolyzed collagen, also known as collagen hydrolysate, is made of short chains of amino acids derived from collagen. It is more bioavailable and is better absorbed into the bloodstream due to shorter chains of amino acids as compared to collagen and gelatin. Hydrolyzed collagen is readily broken down into a form that can enter the bloodstream after digestion. After consumption and absorption, hydrolyzed collagen travels throughout the body, rebuilding, repairing, and providing energy. It is carried to different tissues of the body where cells build the peptides into full-length collagen helices to repair the skin, bones, and joints. Hydrolyzed collagen is a versatile source of protein and an important element of healthy nutrition. Its nutritional and physiological properties promote the bones, joints, and skin health.
The interest in innovative food & beverage products is escalating across the globe. Fully hydrolyzed collagen is soluble in both cold and hot water. It is easy to mix hydrolyzed collagen with food & beverage products. Hydrolyzed collagen offers natural protein for food & beverage products. Nowadays, food & beverage manufacturers are highly incorporating nutritious and healthy ingredients in their products to satisfy consumer’s nutritional demand, thereby gaining consumer attraction. Consumers are continually expressing health-related concerns and are reducing the consumption of products that are considered to have high levels of calories, fat, and sodium. Hydrolyzed collagen offers an ample amount of proteins and helps prevent multiple disorders, owing to which the demand for hydrolyzed collagen is increasing tremendously.
The global hydrolyzed collagen market is concentrated with a few well-established players including Gelita AG, Rousselot, Nitta Gelatin, Protein S.A., ConnOils LLC, Norland Products Inc., PB Leiner, Ewald-Gelatin GmbH, Titan Biotech Limited, and Viscofan BioEngineering.
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Moreover, rise in global population, climatic changes, and changes in food habits are severely affecting human and animal health. These factors are forcing consumers to stay fit and healthy by consuming healthy food products. Consumers prefer healthy, nutritious, sugar-free, and fat-free food products for daily consumption that help improve bones and muscle strength. As the pure hydrolyzed collagen is odorless and flavorless, market players can enhance their portfolio’s exclusiveness by introducing new flavors. Also, increasing disposable income of the consumers in emerging economies of Asia Pacific, the Middle East, Africa, and South America contributes to the market growth. Consumers in these regions are increasingly spending on healthy foods due to rising disposable incomes and improving lifestyles. Thus, the increasing demand for food & beverages with high nutritional content is contributing significantly to the growth of the global hydrolyzed collagen market.
Impact of COVID-19 Pandemic on Hydrolyzed collagen Market
The COVID-19 pandemic began in Wuhan (China) in December 2019. As of March 2021, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst-affected countries in terms of confirmed cases and reported deaths. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the hydrolyzed collagen market due to shutting down of factories, obstacles in supply chain, and downturn in world economy.
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