The hydrolyzed collagen market, valued at approximately US$ 825 million in 2018, is advancing towards becoming a billion-dollar market by 2021, and is projected to continue its growth trajectory at a compound annual growth rate (CAGR) of around 8% from 2019 to 2029. This growth is driven by a shift towards preventive healthcare measures, a trend that is significantly influencing the food and nutraceutical industries.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72492
Convergence of Food and Pharma Industries
The growing emphasis on preventive healthcare rather than curative measures has blurred the lines between food and nutraceutical industries, giving rise to the 'food-pharma' convergence. This convergence is driving the popularity of hydrolyzed collagen, as it caters to nutritional inadequacies among consumers. The healthcare industry, although not a direct contributor, exerts considerable influence on this market trend.
Cosmetics and Personal Care Industry Catalyzing Growth
The cosmetics and personal care industry has recognized the benefits of hydrolyzed collagen, particularly for skin and hair care products. Manufacturers are expanding their product portfolios to include hydrolyzed collagen-based offerings, boosting the market's growth. However, navigating regulatory compliance remains a critical challenge for these manufacturers, as they must adhere to strict norms regarding food claims and consumer information.
The Vegan Trend: A Potential Roadblock
The hydrolyzed collagen market is undergoing significant transformations as manufacturers explore new sources for collagen extraction. Traditionally, bovine-sourced collagen has dominated the market. However, marine-sourced collagen, known for its better water solubility, skincare properties, and lower carbon footprint, is gaining traction. In 2019, bovine-sourced hydrolyzed collagen was valued at around US$ 350 million, while marine-sourced collagen is expected to grow at a CAGR of approximately 11% during 2019-2029.
Despite these advancements, the growing vegan trend poses a challenge. Increasing consumer preference for plant-based diets is driving the demand for vegan collagen, which is produced by genetically modifying yeast and bacteria. Vegan collagen stands out due to its cost-efficiency and high safety profile, potentially impacting the market share of animal-based hydrolyzed collagen.
𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝘃𝗶𝗲𝘄 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗱𝗲𝘁𝗮𝗶𝗹 - https://www.transparencymarketresearch.com/hydrolyzed-collagen-market.html
Market Preferences: Powdered vs. Liquid Hydrolyzed Collagen
In 2018, powdered hydrolyzed collagen accounted for about US$ 265 million in sales, compared to US$ 135 million for the liquid form. Consumers favor powdered supplements for their longer shelf life, high bioavailability, and purity. However, liquid hydrolyzed collagen, known for its high absorbability and effectiveness, is gaining popularity and is expected to grow at a CAGR of around 10% during the forecast period.
Distribution channels significantly influence purchasing behavior. Powdered hydrolyzed collagen is more safely transited via online channels, while liquid forms are primarily sold through B2B and B2C channels, such as supermarkets, pharmacies, and specialty stores.
Regulatory Vigilance and Labeling
Regulatory compliance and proper labeling of hydrolyzed collagen products are crucial. The FDA and European regulators have stringent requirements to ensure food safety and accurate nutritional information. Failure to meet these standards can result in product recalls, emphasizing the need for manufacturers to maintain high vigilance.
Strategies for Market Players
In a fragmented market lacking strong dominance, companies can achieve significant market share by focusing on global reach and consumer-centric product development. For instance, Rousselot, a leading player in the market, collaborated with Phamatech to launch SiMoGel, a fortified confectionery in the EMEA market.
Manufacturers must also prioritize the development of clean-label products to meet consumer demand for natural and transparent ingredients. Since hydrolyzed collagen is flavorless and odorless, introducing flavored options can enhance product exclusivity.
Sustainability and Longevity
Consumer preferences are shifting towards health-oriented products that are nutritious and free from harmful ingredients. Hydrolyzed collagen, rich in proteins and beneficial for preventing various disorders, fits well into this trend. The market, valued at around US$ 870 million in 2019, is expected to grow by approximately 7% year-on-year.
Cosmetics and Personal Care Demand
The demand for hydrolyzed collagen in the cosmetics and personal care industry is rising due to its multiple benefits. It is used in products like baby oil, skincare lotions, color cosmetics, and hair care products. The aging population further boosts the demand for anti-aging products containing hydrolyzed collagen.
Hydrolyzed Collagen in Drug Delivery Systems
Hydrolyzed collagen is increasingly used in drug delivery systems, including liposomes, microspheres, and nanoparticles. Its superior carrier capabilities and better absorption rates make it an effective solubilizing matrix, driving its acceptance in pharmaceutical applications.
Natural Ingredients and BRICS Markets
The growing consumer demand for natural ingredients is pushing manufacturers to offer hydrolyzed collagen derived from fish, pigskin, bones, and bovine hide. Additionally, economic development in BRICS countries presents new opportunities for market expansion.
FDA Challenges
The market faces challenges from the FDA due to strict regulations on nutritional and health claims. Manufacturers must obtain FDA approval before marketing their products, ensuring compliance with food safety standards.
𝗔𝗯𝗼𝘂𝘁 𝗨𝘀 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵
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