Global Collagen Hydrolysates Market Key Trends, Growth Factors, Opportunities and Challenges, Value and Volume, Forecast to 2026

Championed by the rising consumer focus towards health and wellness, the collagen hydrolysates market is slated to record a meteoric rise in its revenue graph over the coming years. Additionally, increasing awareness about the importance of personal care products and steadily escalating cases of arthritis among adults worldwide would also help the market chalk out a remunerative growth graph.

Meanwhile, ongoing advancements in the medical field, concerning the generation of tissue cells, would open up an immense business opportunity for the industry. For several decades, scientists have been working in labs to find a viable way to generate tissue cells and solve one of the biggest problems faced by the healthcare sector; scarcity of organs and tissue structures needed for transplant. Owing to collagen and its beneficial properties, their hard work seems to be on the brink of seeing success.

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As per Global Market Insights, the collagen hydrolysates market size would hit the $1.46 billion valuation mark by 2026. Following are some of the most prominent trends that would shape the collagen hydrolysates industry outlook in coming years.

Growing focus towards addressing the global organ scarcity issue

Challenge:

According to the World Economic Forum, annually, nearly 75,000 people in the USA need an organ transplant. However, owing to the fact that the demand far outweighs the supply, many in need do not get what they need to live, with approximately 18 people losing their lives every day because they were not able to get the organs soon enough.

Solution:

Recently, there have been significant strides in tissue generation and 3D printing that could effectively address the global challenge of organ shortage. In fact, in March of 2020, The American Society of Mechanical Engineers announced that with the help of electrospinning and 3D printing, bioengineers lead by Anthony Atala at Wake Forest Institute for Regenerative Medicine were able to create viable organs as well as tissues for patients. As per reports, while several of these novel 3D-printed organs are currently in research stage, a couple should be ready to enter clinical testing in a year or two.

Opportunity:

Given that collagen plays an important role in the formation of tissue in the body, this new development could essentially open up a highly remunerative revenue stream for the market.
Increasing cases of Arthritis across the globe.

Challenge:

As per the U.S. Centers for Disease Control and Prevention, approximately 54 million adults in the U.S. are suffering from arthritis. Based on industry expert insights, the total number of women and men suffering from arthritis is rapidly growing and is slated to hit the ‘more than 78 million’ mark by the end of 2040, an increase of almost 49%.

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Solution:

Studies have shown that collagen hydrolysate, or hydrolyzed collagen, can help in strengthening the joints and also alleviate the pain that is caused by medical conditions such as osteoarthritis. However, it is to be noted that a majority of studies have shown that improvement in joint pain through collagen consumption involved high-dose supplements of collagen hydrolysate. At present, It is unclear if simply increasing dietary intake of collagen-rich foods, like tough cuts of meat, would have the same effect.

Opportunity:

While studies are still being conducted to determine the efficacy of collagen hydrolysate in addressing arthritis, use of the product among consumers for its nutraceutical benefits is already highly prevalent. Additionally, the possibility that it can address an economically burdensome medical challenge would likely fuel several more R&D initiatives in the pharmaceutical sector.
Rapidly expanding skincare industry.

Premise:

According to Forbes, the global skincare industry has been witnessing momentous growth over the past couple of years, recording year-over-year sales numbers that significantly outpace that of the global makeup industry. Self-care has become a highly familiar topic among consumers, particularly Millennials; especially over the course of the pandemic. Subsequently, this has triggered a boost in sales of products that are labelled ‘affordable luxuries’, covering nail care products, scented candles, and skincare products. As per L’Oréal, skincare accounts for over 40% of the global beauty market. However, it makes up approximately 60% of global cosmetics market growth.

Basis:

Collagen makes up a crucial component of the skin, playing a major role in strengthening the skin, helping with elasticity and hydration as well. As people age, their body generates less collagen, which leads to dry skin and wrinkles. Numerous studies have proved that supplements that contain collagen or collagen peptides might help in slowing down the aging process of the skin by reducing dryness and wrinkles.

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In fact, in one study, women participants who used a supplement infused with 2.5–5 grams of collagen for a period of 8 weeks reported a significant rise in skin elasticity and less skin dryness as compared to those who were given placebo.

Opportunity:

Consequently, in skincare, one niche is seeing a momentous rise over other segments; collagen infused products. In fact, skincare products that contain collagen are expected to witness a more distinguished demand over the coming years. Several skincare product manufacturers have been focusing on incorporating collagen in their products and advertising the benefits of the material to bring in more customers.

It has been observed that awareness about collagen and its benefits has been rising at a distinguished rate among consumers. Subsequently, it is anticipated that this growing consumer knowledge would be shaping the industry outlook over the forthcoming timeframe. More prominently, the trends mentioned above are building up to become some of the most prominent growth drivers for the market.

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This release was published on openPR.