Hydrolyzed Bovine Collagen Market

Hydrolyzed Bovine Collagen Market Overview

The hydrolyzed bovine collagen market is projected to register a CAGR of 5.2% during the forecast period, up from US$ 897.08 Mn in 2021 to reach a valuation of US$ 1566.77 Mn by 2032.

The hydrolyzed bovine collagen market is anticipated to show promising growth prospects during the forecast period.

Sales of hydrolyzed bovine collagen are expected to rise as it is used in confectionery products to improve chewiness, foam stability, and texture. In addition to this, demand for hydrolyzed bovine collagen is rising due to its multiple functionalities. For example, it functions as a binding agent for nutritional bar ingredients and improves the softness and flexibility of nutritional bars.

Increasing use of hydrolyzed bovine collagen in the food sector is also projected to contribute to the growth of the hydrolyzed bovine collagen market share.

Some of the key hydrolyzed bovine collagen market trends promoting the demand for hydrolyzed bovine collagen include the pharmaceutical industry increasing usage of hydrolyzed collagen for the treatment and recovery of cancer, burns, cancer, trauma, post-surgery treatment, and other conditions.

These factors are anticipated to have a positive impact on the sales of hydrolyzed bovine collagen and the overall market share.

What are the Key Drivers to the Hydrolyzed Bovine Collagen Market Share?

Hydrolyzed bovine collagen is used in a variety of industries, including cosmetics, food and beverage, health and beauty goods, dairy products, and others. Growing health awareness amongst people and increasing demand for hydrolyzed bovine collagen in the food industry is propelling the hydrolyzed bovine collagen market share. People are becoming more interested in a health-conscious diet or having a fat-free lifestyle, which is a major cause of rising sales of hydrolyzed bovine collagen.

While some consumers are losing muscle strength due to age, hydrolyzed bovine collagen plays an important role in supplementing their workouts by improving fat-free mass, muscle strength, and fat loss, which is ultimately beneficial for growth and demand for hydrolyzed bovine collagen and its other diversified applications.

Sales of hydrolyzed bovine collagen are anticipated to rise as customers are experiencing skin problems due to a decrease in collagen in their bodies.

Demand for hydrolyzed bovine collagen is high in the cosmetic and personal care business due to various factors such as increasing age, poor diet, and environmental factors such as dust affecting the level of collagen in consumers' bodies. As a result of this, both the sales of hydrolyzed bovine collagen and the global market is anticipated to rise during the forecast period.

Nandini Roy Choudhury

Principal Consultant

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Which Region holds the Highest Growth Potential in the Hydrolyzed Bovine Collagen Market?

North America, Europe, Asia Pacific (APAC), South America, and the Middle East and Africa make up the hydrolyzed bovine collagen market (MEA). The largest share of the global hydrolyzed bovine collagen market was held by Europe in 2019, followed by Asia Pacific. The presence of well-established players such as Gelita AG, Protein S.A., and Ewald-Gelatin GmbH is primarily responsible for the region's largest market share.

The demand for hydrolyzed bovine collagen products is expected to rise during the forecast period, owing to a rise in consumer health awareness. Hydrolyzed collagen has grown in popularity across the region, particularly in Germany, France, and the United Kingdom. In Europe, changing lifestyle trends in terms of food supplements and beverages have had a significant impact on the hydrolyzed bovine collagen market.

How is the Competitive Landscape in the Hydrolyzed Bovine Collagen Market?

Due to rising customer demand for hydrolyzed bovine collagen, the number of manufacturers in the hydrolyzed bovine collagen market is growing.

Key players in the hydrolyzed bovine collagen market are trying to make hydrolyzed bovine collagen more widely available, as well as providing all-in-one collagen for convenient use by all consumers. These measures taken by manufacturers are anticipated to propel the sales of hydrolyzed bovine collagen and aid in the expansion of hydrolyzed bovine collagen market.

Some of the key players operating in hydrolyzed bovine collagen market are Beyond Pharmaceutical Co., Ltd., Weishardt Holding SA, Hangzhou Nutrition Biotechnology Co., Ltd, Tessenderlo Group NV, Danish Crown A/S, Gelnex Indústria E Comércio Ltda., Juncà Gelatines, S.L., Sumitomo Chemical Company, Limited., HANALL BIOPHARMA CO., LTD., Roche Holding AG.

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