Report : Europe Hydrolyzed Collagen Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Source (Bovine, Porcine, Poultry, Marine, and Others) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)
At 5.5% CAGR, the Europe Hydrolyzed Collagen Market is speculated to be worth US$ 343.79 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe hydrolyzed collagen market was valued at US$ 248.98 million in 2022 and is expected to reach US$ 343.79 million by 2028, registering a CAGR of 5.5% from 2022 to 2028. Wide application scope and strategic development initiatives by key market players are the critical factors attributed to the Europe hydrolyzed collagen market expansion.
Hydrolyzed collagen manufacturers across the Europe are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and expansion of their businesses to attract many consumers and enhance their market position. They increasingly invest in product innovation to expand their customer base and meet emerging consumer trends. Moreover, hydrolyzed collagen is now increasingly used by animal nutrition manufacturers to enhance the quality of pet food with nutritional enrichment. For instance, in November 2022, Pawable, the UK-based manufacturer, launched "Collar-Gen," a powdered supplement to prevent joint, skin, and digestive issues in dogs. It contains five different types of 100% natural hydrolyzed collagen. Such product innovations help hydrolyzed collagen extend its reach and gain a competitive edge in international markets.
Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020. Under this partnership, Faravelli distributes food and pharmaceutical gelatins, hydrolyzed collagens, and biomedical gelatins across Italy. Thus, expanding businesses to other countries to cater to the increasing demand by consumers drives the market growth. Such development strategies by hydrolyzed collagen manufacturers extend their reach and gain a competitive edge in international markets. This is expected to drive the Europe hydrolyzed collagen market during the forecast period.
On the contrary, safety concerns and stringent regulations related to consumption of hydrolyzed collagen hurdles the growth of Europe hydrolyzed collagen market.
Based on source, the Europe hydrolyzed collagen market is categorized into bovine, porcine, poultry, marine, and others. The bovine segment held 34.1% market share in 2022, amassing US$ 84.82 million. It is projected to garner US$ 112.82 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on application, the Europe hydrolyzed collagen market is categorized into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The pharmaceuticals and nutraceuticals segment held 40.5% market share in 2022, amassing US$ 100.83 million. It is projected to garner US$ 135.92 million by 2028 to expand at 5.1% CAGR during 2022–2028.
Based on country, the Europe hydrolyzed collagen market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 31.4% share of Europe hydrolyzed collagen market in 2022. It was assessed at US$ 78.11 million in 2022 and is likely to hit US$ 104.02 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.
Key players dominating the Europe hydrolyzed collagen market are Ewald-Gelatine GmbH; Gelita AG; Rousselot BV; Nitta Gelatin Inc.; Protein SA; ConnOils LLC; Norland Products LLC; Tessenderlo Group NV; Titan Biotech Ltd; and Viscofan DE GmbH among others.
- In Nov 2020, Rousselot BV announced the extension of its ProTake portfolio of hydrolyzed collagen.
- In April 2019, Gelita AG's collagen proteins prevent sports injuries and promote faster healing.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com