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Hydrolyzed Collagen Market to hit USD 1466.5 million by the end of the forecast period, Regional Insights, Market Size and Share
Hydrolyzed Collagen Market
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The health & nutrition segment in the hydrolyzed collagen market is anticipated to have the highest market share during the forecast period. The demand for nutricosmetics or ingestible beauty product is now swiftly spreading worldwide due to rise in disposable income of consumers, change in lifestyles along with growth in concern among the consumers regarding their appearance and desire to have a healthy skin & hair.
Leading Key Companies
The key players operating in the hydrolyzed collagen industry are Nitta Gelatin, Inc., GELITA AG, FOODMATE CO., LTD., Hainan Zhongxin Chemical Co., Ltd. (ZXCHEM). , GELNEX, SUBONEYO Chemicals Pharmaceuticals P Limited, Rousselot, Connoils, Naturin Viscofan GmbH, and Essen Nutrition.
Regional Outlook:
The market across North America held the largest share in 2018, accounting for around one-third of the market, owing to busy lifestyles and improper food habits along with the rising health issues in the region. However, the market across LAMEA is projected to portray the fastest CAGR of 7.0% during the forecast period, owing to increase in consciousness of ingredients in products, rise in demand for ethical and natural cosmetics in countries such as Brazil.
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Recently, the sports nutrition has become a macro trend and is a substantially growing market worldwide. This is attributed to growth in consumer awareness regarding the benefits related to exercise and sports nutrition products including nutritional bar, sports beverages, and more, which further extended the scope of sports nutrition products from a professional athlete's niche market to a prevailing consumer market.
Key Findings of the Hydrolyzed Collagen Market :
-> Based on form, the powder segment accounted for the highest hydrolyzed collagen market share in 2018, growing at a CAGR of 5.5% from 2019 to 2026.
-> Based on application, the health & nutrition segment occupied the maximum share in hydrolyzed collagen Market Analysis in 2018 and is expected to dominate the hydrolyzed collagen market forecast
-> Based on region, North America accounted for about 32.2% in 2018 of the hydrolyzed collagen market by share and is expected to grow at a CAGR of 5.5%.
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The health and nutrition segment dominated the market in 2018, contributing nearly two-fifths of the market. The change in the lifestyle and unapt food habit of consumers that leads to high demand for the supplement, which in turn boosted the growth of the segment. However, the cosmetics segment is estimated to register the fastest CAGR of 7.1% during the forecast period.
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