The ‘Latin America Collagen Hydrolysates Market Share, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Latin America collagen hydrolysates market, assessing the market on the basis of its segments like source, form, application, and country.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Latin America Collagen Hydrolysates Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 128 million
• Forecast CAGR (2023-2028): 6.80%
• Forecast Market Size (2028): USD 136.7 million
Increasing health consciousness and rising demand for collagen-based products are the major factors driving the growth of the Latin America collagen hydrolysates market. Collagen hydrolysates are useful in improving the health of connective tissues, bones, and skin, and is particularly useful among ageing consumers. Due to ageing, the natural collagen production in the body is reduced, leading to joint pain and reduced skin elasticity, leading to a higher demand for collagen. As collagen hydrolysates have smaller molecules, they can be easily absorbed into the body, due to which the demand for the Latin America collagen hydrolysates market is rising.
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The growing usage of collagen hydrolysates across various industries in Latin America is anticipated to provide lucrative opportunities for market growth in the coming years. Collagen hydrolysates are increasingly being used in the food and beverage sector as a functional ingredient in sports nutrition products and functional beverages. Incorporating collagen hydrolysates in food and beverages increases its palatability while providing the benefits of collagen hydrolysates consumption, due to which its usage is on the rise. Meanwhile, in the pharmaceutical/biomedical industry, collagen hydrolysates are used as an active ingredient because of properties such as tissue regeneration, wound healing, and as an anti-inflammatory. The effectiveness of collagen hydrolysates and their enhanced bioavailability are further bolstering the Latin America collagen hydrolysates market growth.
Latin America Collagen Hydrolysates Industry Definition and Major Segments
Collagen hydrolysates, also known as collagen peptides, or hydrolysed collagen, is a type of collagen that is easily absorbed into the skin or blood stream. It comprises of a group of peptides with low molecular weights that are obtained through enzymatic action in alkaline or acidic media at particular temperatures. Collagen hydrolysates is commonly used as supplement due to its various health benefits.
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Based on source, the market is divided into:
• Bovine
• Porcine
• Marine
• Others
On the basis of form, the market is classified into:
• Powder
• Liquid
• Capsules
Based on application, the market is segmented into:
• Pharmaceutical/Biomedical
• Food and Beverages
• Nutraceuticals
• Cosmetics
• Others
By country, the market is categorised into:
• Brazil
• Mexico
• Argentina
• Others
Latin America Collagen Hydrolysates Market Trends
Rising popularity of organic and natural products is a key trend impacting the Latin America collagen hydrolysates market as more consumers turn to natural alternatives to synthetic chemicals. Since collagen hydrolysates are sourced from animal-based sources, including bovine, porcine, and marine, they are considered healthier than synthetic chemicals. The extensive livestock farming in the region, particularly for beef, are aiding in a steady supply of raw materials for collagen hydrolysates. Bovine source based collagen hydrolysates have also depicted enhanced therapeutic qualities, increasing their demand.
Improvements in production capabilities for collagen hydrolysates and expansion of market players in the region are also projected to support the Latin America collagen hydrolysates market expansion. Technological advancements in manufacturing of collagen hydrolysates are facilitating lower production costs, leading to greater affordability of products with collagen hydrolysates. Development of manufacturing plants in Latin America and streamlining of supply chains is further reducing costs and encouraging various applications of collagen hydrolysates.
In Latin America, Brazil occupies a sizable share of the regional collagen hydrolysates market, driven by its extensive supply of raw materials due to widespread bovine and porcine livestock farming. Rising disposable incomes and increasing awareness of dietary supplements are also increasing the demand for collagen hydrolysates in Brazil, aiding the overall collagen hydrolysates market in Latin America.
Key Market Players
The major players in the Latin America collagen hydrolysates market report are:
- Gelnex Industria E Comercio Ltda
- Connoils LLC
- Rousselot BV
- Novaprom
- Gelita AG
- InterGenics, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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