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Collagen Hydrolysates Market Size
- Report ID: GMI4510
- Published Date: Jul 2024
- Report Format: PDF
Collagen Hydrolysates Market Size
Collagen Hydrolysates Market size achieved USD 1.16 billion in 2023 and is projected to grow at 6% CAGR from 2024 to 2032. Collagen hydrolysates, obtained by hydrolyzing collagen, offer a range of health benefits. These include bolstering joint health, enhancing skin elasticity, and fortifying overall connective tissue health.
According to the National Institutes of Health (NIH), the global market for collagen supplements grew by 8% in 2022, driven by increased consumer awareness of health and wellness. Additionally, the U.S. Census Bureau reported a 16% rise in the population aged 65 and older from 2020 to 2023, further fueling the demand for collagen hydrolysates as this demographic seeks joint and skin health benefits.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Collagen Hydrolysates Market Size in 2023: | USD 1.16 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6% |
| 2032 Value Projection: | USD 1.98 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | By Product, By Form, By Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The collagen hydrolysates market is witnessing robust growth, fueled by surging demand for health and wellness products and the widening adoption of collagen across industries. According to the U.S. National Institutes of Health (NIH), consumer awareness about collagen's advantages for skin, joints, and bones has significantly increased, driving its incorporation into dietary supplements, functional foods, and beverages.
Moreover, the U.S. Food and Drug Administration (FDA) reported in 2022 that the utilization of collagen hydrolysates in cosmetics and pharmaceuticals, attributed to their superior bioavailability and efficacy, is amplifying market growth. Bolstered by technological strides in extraction and processing, these factors are poised to maintain the market's growth momentum.
A potential pitfall for the collagen hydrolysates market lies in regulatory challenges and the need for stringent quality control. Ensuring compliance with regulatory standards and maintaining consistent product quality across different sources and formulations can be a complex task, impacting market growth. Maintaining transparency and adherence to regulatory guidelines are critical for the sustained success of collagen hydrolysates in various applications.
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Collagen Hydrolysates Market Scope
