Report : North America Hydrolyzed Collagen Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Source (Bovine, Porcine, Poultry, Marine, and Others) and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)
Bovine Segment to Dominate North America Hydrolyzed Collagen Market during 2019–2027
According to a new market research study on “North America Hydrolyzed Collagen Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Source, Application and Country,” is expected to reach US$ 323.61 Mn by 2027 from US$ 211.94 Mn in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the North America hydrolyzed collagen market along with the drivers and restraints pertaining to the market growth. Rising incidences of osteoporosis coupled with rising consumers awareness and upsurge in the demand for nutritious and healthy food and beverages are the major factors driving the growth of the North America hydrolyzed collagen market. However, safety concerns pertaining to the use of hydrolyzed collagen may hinder the growth of North America hydrolyzed collagen market.
The market for North America hydrolyzed collagen is segmented into source, application, and country. Based on source, the market is segmented into bovine, porcine, poultry, marine, and others. In 2019, the bovine segment held the largest share in North America hydrolyzed collagen market. Based on application, the North America hydrolyzed collagen is divided into food & beverages, pharmaceutical & nutraceuticals, personal care, and others. The food and beverages segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America hydrolyzed collagen market has been facing difficulties and several countries have suffered heavily. US, Canada and Mexico are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain.
Gelita AG, Rousselot, Nitta Gelatin Inc., Protein S.A., ConnOils LLC, Norland Products Inc., PB Leiner, Ewald-Gelatin GmbH, Titan Biotech Limited, and Viscofan BioEngineering are among the leading companies in the North America hydrolyzed collagen market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the North America Hydrolyzed Collagen market as follows:North America Hydrolyzed Collagen market – By Source
- Food & Beverages
- Phaaceuticals & Nutraceuticals
- Personal Care
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