Report : Asia Pacific 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 6.7% CAGR, the Asia Pacific Hydrolyzed Collagen Market is speculated to be worth US$ 333.32 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific hydrolyzed collagen market was valued at US$ 226.04 million in 2022 and is expected to reach US$ 333.32 million by 2028, registering a CAGR of 6.7% from 2022 to 2028. Wide application scope and strategic development initiatives by key market players are the critical factors attributed to the Asia Pacific hydrolyzed collagen market expansion.
Marine organisms such as fish, jellyfish, sponges, and other invertebrates harbor a significant source of hydrolyzed collagen. They are highly advantageous over other sources, as they are metabolically compatible, lack religious constraints, and are free of animal pathogens. Marine-sourced hydrolyzed collagen is majorly used for skincare product manufacturing. It is a versatile compound capable of healing skin injuries of varying severity and delaying the natural human aging process. Moreover, marine-sourced hydrolyzed collagen can be used as a biomaterial owing to its water solubility and metabolic compatibility. Thus, the demand for marine-sourced hydrolyzed collagen is increasing with its rising utilization for different industrial applications.
Furthermore, marine-sourced hydrolyzed collagen does not foster transmissible diseases. Land animals possess many transmissible diseases, making them less favorable for industry use. For example, cattle, although a large source of collagen, pose risks for BSE and TSE. These progressive neurological disorders affect cattle and can result in life-threatening human infections. In addition, a few religious constraints on using bovines for the pharmaceutical and cosmetic industries are up for debate. These factors make marine sources of hydrolyzed collagen a much easier, safer, and more promising alternative. Thus, with increasing demand, manufacturers are launching different products. For instance, in January 2021, Darling Ingredients introduced Peptan, a marine collagen peptide under its Rousselot brand. This product helps the company to enter the dietary supplements market. Thus, the growing demand for marine-sourced collagen is expected to open new opportunities in the hydrolyzed collagen market during the forecast period. This is expected to drive the Asia Pacific 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 Asia Pacific hydrolyzed collagen market.
Based on source, the Asia Pacific hydrolyzed collagen market is categorized into bovine, porcine, poultry, marine, and others. The bovine segment held 35.1% market share in 2022, amassing US$ 79.43 million. It is projected to garner US$ 113.37 million by 2028 to expand at 6.1% CAGR during 2022–2028.
Based on application, the Asia Pacific hydrolyzed collagen market is categorized into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The pharmaceuticals and nutraceuticals segment held 36.1% market share in 2022, amassing US$ 81.55 million. It is projected to garner US$ 117.59 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on country, the Asia Pacific hydrolyzed collagen market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 31.4% share of Asia Pacific hydrolyzed collagen market in 2022. It was assessed at US$ 70.89 million in 2022 and is likely to hit US$ 98.42 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.
Key players dominating the Asia Pacific hydrolyzed collagen market are Gelita AG; Rousselot BV; Nitta Gelatin Inc.; 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.
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