Global collagen hydrolysate market is expected to reach USD 2333 million by 2023
The global collagen hydrolysate market was valued at USD 1793 million in 2016 and is expected to reach USD 2333 million by 2023, growing at a CAGR of 4.13% from 2018 to 2023. Overall, the collagen hydrolysate products performance is positive with the global economic recovery.
Published Date: 2018/9/6
Collagen Hydrolysate, also called collagen peptide or hydrolysed collagen, is a substance with low molecular weight from enzymatic hydrolysis of collagen. Collagen Hydrolysate is a white odorless powder, neutral in taste and easily soluble in cold liquids.
The global collagen hydrolysate market was valued at USD 1793 million in 2016 and is expected to reach USD 2333 million by 2023, growing at a CAGR of 4.13% from 2018 to 2023. Overall, the collagen hydrolysate products performance is positive with the global economic recovery.
The technical barriers of collagen hydrolysate are relatively high, and the collagen hydrolysate production concentrated in several companies including Rousselot, Gelita, PB Gelatins, Nitta, Weishardt, Neocell, BHN, NIPPI and others.
Collagen hydrolysate is widely used for production of Cosmetic, food (including Health care products), Medicine, Food and others. In 2016, consumption in food and health care products occupies more than half of collagen hydrolysate amount. As the demand increases rapidly for downstream industries, the demand for collagen hydrolysate will correspondingly increase. The increased consumption of collagen hydrolysate is expected to continue during the remaining years of the forecast period of 2018-2023. Collagen hydrolysate industry will usher in a stable growth space.
In the past few years, the price of collagen hydrolysate gradually decreased and expected the price will not increase with the Production released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of collagen hydrolysate. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability，such as Nitta in 2014. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in collagen hydrolysate market will become more intense.
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