According to a recent FMI estimate, collagen hydrolysate sales are predicted to exceed USD 1.9 billion in 2032, with a CAGR of roughly 7.5 percent until the end of 2032.
Proper labeling of hydrolyzed collagens will be a major point for market players, given the rising desire of central and food authorities for safety. The US Food and Drug Administration (FDA) has issued new food labeling guidelines to promote greater uniformity in the presentation of health and nutrition information to consumers.
Food labeling changes in Europe are more stringent than in North America. Among the new standards are improved legibility of information and specific facts about the product’s provenance. A huge number of product recalls as a result of failure to follow legal protocols is another key aspect of such restrictions, which needs manufacturers’ full attention while promoting their products to safeguard their enterprises from product recalls.
Aside from that, collagen, a cosmeceutical component used in anti-aging skincare, is widely employed in the cosmetic industry. Collagen is a high-molecular-weight fibrous protein that is found in connective tissue, skin, cartilage, tendons, ligaments, nails, teeth, and hair in both humans and animals.
Every year, large amounts of cattle by-products are thrown away like trash by food and meat processing companies all over the world. These, on the other hand, could be used as major protein sources for innovative dietary constituents or hydrolyzed into value-added products, which is a frequent way of increasing and upgrading protein functional and nutritional properties. As a result of these factors, the collagen hydrolysates market is growing in various parts of the world.
The following are the main takeaways from the Collagen Hydrolysates Market Study:
- The European collagen hydrolysates market is expected to increase at roughly 7% per year through 2023. Due to a trend toward beauty supplements, the market for collagen-based cosmetics is growing in Europe.
- According to the article, liquid hydrolyzed collagen is fast gaining popularity due to its high absorbability, which makes it more effective than powdered and tablet forms. Sales of liquid hydrolyzed collagen will grow at a compound annual growth rate of 2% throughout the forecast period.
- The hydrolyzed collagen market is predicted to increase at a 3 percent annual rate through 2027.
“To preserve their market position, market players are spending in R&D to develop innovative products.” “Manufacturers are also working on using technological advancements to boost production efficiency,” according to FMI’s chief analyst.
Who is the victor?
Amicogen, PB Gelatins GmbH, Beijing Semnl Biotechnology Co., Ltd., NeoCell Corporation, Nitta Gelatin, Inc., Rousselot, Connoils LLC, Amicogen, Inc., Essen Nutrition, Foodmate Co., Ltd., and others are some of the main companies that offer collagen hydrolysates.
