The latest market estimate report published by Transparency MarketResearch on the global hydrolyzed collagen market includesa global industry analysis and opportunity assessment of the hydrolyzedcollagen market for forecast period of 2019-2029. Revenue generatedfrom the global hydrolyzed collagen market has been estimated to be valuedat ~US$ 870 Mn in 2019, which is projected to increase at a CAGRof ~8% during the forecast period. The global hydrolyzedcollagen market is projected to reach ~ US$ 1.8 Bn by 2029.
Rising Social Awareness of Personal Well-being toBoost Demand for Nutraceuticals
Nowadays, individuals are becoming more aware of healthy lifestyles andnutritious food, which has increased the demand for dietary supplements. Incase of personal well-being, consumers are preferring protein-oriented andnutritious food that help prevent age-related diseases such as high bloodpressure, diabetes, cholesterol, etc., and improve health conditions. Thenumber of health-conscious consumers is increasing, and they are focusing onexercising and weight management. The consumption of nutraceuticals isincreasing among elderly individuals, sportsperson, and athletes, as they are arich source of proteins and vitamins. According to the European NutraceuticalsAssociation, lack of nutrition accounts for ~39% of the deathsin developing nations such as China, India, and Brazil. To minimize thesedeficiencies, governments of multiple countries have started an initiative toprovide protein-rich food to the poor population, free of cost, as well asnutraceuticals are available at reasonable prices in supermarkets.
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Hydrolyzed collagen or collagen hydrolysates are manufactured by thebreaking of complex collagen peptides into a desired length of collagen peptidewith the help of controlled enzymatic hydrolysis. Such a structure ofhydrolyzed collagen has higher bioavailability, and hence, is used innutraceuticals and dietary supplements that are prescribed for the treatment ofarthritis, heart disease, digestive disorders, some skin-related disorders, andmany other health indications.
Increasing Use of Hydrolyzed Collagen in Food &Beverage Industry
Various innovative hydrolyzed collagen products have been recentlylaunched in the market, such as collagen coffee, hot chocolate, etc.Confectionery products such as jellies and gummies were launched in the AsiaPacific market. Innovative products such as potato chips, risotto, and icecream are launched, for which hydrolyzed collagen is a primary ingredient. Evenin bakery products, hydrolyzed collagen is used in a large scale. Hydrolyzedcollagen is easily digestible, hence, its usage in the food & beverageindustry is increasing rapidly. The use of hydrolyzed collagen in uniqueproducts is driving market growth.
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Rigorous Research & Development Activities inWound Healing & Regenerative Medicine
The use of hydrolyzed collagen in various medical devices and drugs isgrowing due to its characteristics such as easy availability, biodegradability,positive effect on wound healing, and high absorption rates. The use of thisproduct in wound healing is rising, owing to the increasing number of peoplesuffering from geriatric and obese problems, worldwide, along with a rise inthe prevalence of several chronic diseases such as diabetes. The use of hydrolyzedcollagen in wound healing provides a lot of advantages in terms of stimulatingtissue growth, and guarantees relief for different types of injuries.Furthermore, it reduces the occurrence of infections at the wounded area andminimizes irritation. The use of hydrolyzed collagen-based wound healingproducts is gaining utmost importance, and is likely to drive market growth.
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Major Players in Hydrolyzed Collagen MarketLaunching Innovative Products
Prominent players in the hydrolyzed collagen market are engaged inintroducing innovations to meet the increasing demand for application-specificproducts. At the Food Ingredient South America (FISA), Rousselot, a globalleader of gelatin and collagen peptides, showcased its new line of hydrolyzedcollagen ingredient portfolio. It also introduced Peptan® IIm, a hydrolyzedcollagen Type II matrix developed specifically for joint health. At theVitafoods Europe 2018, Bioiberica presented two food supplements for joint andtendon health, out of which, one ingredient of the formula b-2cool® ishydrolyzed collagen.
Being well-aware of the increasing demand for hydrolyzed collagen inmultiple industries, manufacturers in the hydrolyzed collagen market areengaged in introducing innovative products. The hydrolyzed collagen marketshows a fragmented landscape with a considerable number of small- and mid-sizedplayers. Further, the lower cost of the product and feasible manufacturingprocess allow new players to enter the hydrolyzed collagen market.
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Growing Concerns Regarding Animal Welfare
The number of individuals who are turning vegan or avoiding eating meatis increasing day by day, owing to the growing awareness of animal welfare.There are multiple NGOs that are working to prevent the exploitation ofanimals. Millennials are actively working with these NGOs. Also, numerousprograms are being organized by these NGOs to promote veganism. Veganism isgoing mainstream, and this factor is becoming a restraint for the sales ofhydrolyzed collagen products.
The food andbeverages sector has cemented its place among the global populace firmly overthe years. This sector attracts considerable investments and subsidies fromnumerous government and non-government organizations. The trends and popularityregarding specific sub-categories are dynamic and help in structuring theoverall growth. The trends are a way of answering the needs of the consumer.The players in the food and beverages sector have to adapt to the changingtrends, which helps increase revenue-generation opportunities.
The world hasundergone a major shift in the way of living since the COVID-19 pandemicstruck. A notable change in the functioning of various businesses and sectorshas influenced their working mechanisms extensively. The food and beveragesector is no stranger to this change. Transparency Market Research (TMR) hasstudied many aspects concerning the difference between the trends in thepre-pandemic and post-pandemic world across the food and beverage industry.
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