Bovine Segment to Dominate Asia Pacific Hydrolyzed Collagen Market during 2019–2027
According to The Insight Partners market research study on “Asia Pacific Hydrolyzed Collagen Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Source, Application and Country,” is expected to reach US$ 316.75 Mn by 2027 from US$ 198.58 Mn in 2019. The market is estimated to grow at a CAGR of 6.1% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific hydrolyzed collagen market along with the drivers and restraints pertaining to the market growth. Increasing incidences of osteoporosis coupled with rising consumers awareness and escalating demand for nutritious and healthy food and beverages are the major factors driving the growth of the Asia Pacific hydrolyzed collagen market. However, safety concerns with respect to the use of hydrolyzed collagen may hinder the growth of Asia Pacific hydrolyzed collagen market.
The market for Asia Pacific 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 Asia Pacific hydrolyzed collagen market. Based on application, the Asia Pacific 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 Asia Pacific hydrolyzed collagen market has been facing difficulties and several countries have suffered heavily. India, Japan and China 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, 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 Asia Pacific 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 Asia Pacific Hydrolyzed Collagen market as follows:
Asia Pacific Hydrolyzed Collagen market – By Source- Bovine
- Porcine
- Poultry
- Marine
- Others
- Food & Beverages
- Phaaceuticals & Nutraceuticals
- Personal Care
- Others
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific