Report : Middle East & Africa 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 6.2% CAGR, the Middle East & Africa Hydrolyzed Collagen Market is speculated to be worth US$ 133.97 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa hydrolyzed collagen market was valued at US$ 93.60 million in 2022 and is expected to reach US$ 133.97 million by 2028, registering a CAGR of 6.2% from 2022 to 2028. Wide application scope and strategic development initiatives by key market players are the critical factors attributed to the Middle East & Africa hydrolyzed collagen market expansion.
The beauty & personal care industry is growing at a significant pace. People focus more on skincare and hair care and procure products that provide nourishment and deep hydration. Moreover, they prefer products that offer anti-aging benefits. As humans age, the body produces less collagen, creating skin problems such as wrinkles, skin loosening, and dehydration.
Alcohol consumption, smoking, and stress also trigger skin aging. Collagen peptides assist in improving skin health and slowing down the aging process. The Food and Drug Administration (FDA) has approved hydrolyzed collagen implants to treat acne scars and smooth wrinkles. Primarily hydrolyzed collagen is used in various personal care and cosmetic products, including moisturizers, anti-aging creams and lotions, acne-fighting gels, shampoos, and hair serums. When used in hair care products, hydrolyzed collagen improves the appearance of hair and enhances hair strength. It also aids in improving the texture of hair generally damaged by excessive chemical treatments or underlying health issues. Skincare products with hydrolyzed collagen improve the appearance of damaged or dry skin by reducing flaking and restoring suppleness.
Consumers' perception of beauty has changed dramatically in recent years, especially since the start of the COVID-19 pandemic. Consumers focus on holistic beauty, which blurs the lines between beauty, health, and well-being. People strongly believe that having beautiful skin necessitates a healthy lifestyle. Consumers are increasingly opting for healthier ways to make their skin glow, as they have traced a link between healthy skin and a balanced diet. Therefore, over the past few years, there has been a growing demand for nutricosmetics. Nutricosmetics are products or ingredients that act as nutritional supplements for skin, nails, and hair care. They are usually offered in liquids, pills, or functional foods. With the increasing consumption, manufacturers are launching various nutricosmetics. For instance, in June 2021, BDF Natural Ingredients launched BDF Naturlagen ─ a marine, hydrolyzed collagen powder made from the skins of wild, deep-sea ocean fish such as cod, haddock, and pollock. Thus, the escalating demand for hydrolyzed collagen in personal care products and nutricosmetics is expected to introduce new trends to the hydrolyzed collagen market during the forecast period. This is expected to drive the Middle East & Africa 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 Middle East & Africa hydrolyzed collagen market.
Based on source, the Middle East & Africa hydrolyzed collagen market is categorized into bovine, porcine, poultry, marine, and others. The bovine segment held 40.7% share of Middle East & Africa hydrolyzed collagen market in 2022, amassing US$ 38.05 million. It is projected to garner US$ 53.03 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on application, the Middle East & Africa hydrolyzed collagen market is categorized into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment held 41.9% share of Middle East & Africa hydrolyzed collagen market in 2022, amassing US$ 39.20 million. It is projected to garner US$ 57.82 million by 2028 to expand at 6.7% CAGR during 2022–2028.
Based on country, the Middle East & Africa hydrolyzed collagen market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 42.7% share of Middle East & Africa hydrolyzed collagen market in 2022. It was assessed at US$ 39.94 million in 2022 and is likely to hit US$ 55.48 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.
Key players dominating the Middle East & Africa hydrolyzed collagen market are Gelita AG; Rousselot BV; 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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