Latin America Collagen Hydrolysates Market Report and Forecast 2024-2032

Latin America Collagen Hydrolysates Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Latin America collagen hydrolysates market size reached a value of approximately USD 136.70 million in 2023. Aided by the burgeoning health-conscious populace and versatile applications of collagen hydrolysates across diverse sectors, the market is projected to further grow at a CAGR of 2.5% between 2024 and 2032, reaching a value of USD 177.85 million by 2032.

Collagen hydrolysates, often referred to as hydrolysed collagen, are derived primarily from animal connective tissues and are renowned for their easy digestibility and bioavailability compared to native collagen. Typically available in powdered form, they have become the go-to supplement for skin, joint, and bone health. Beyond their health advantages, collagen hydrolysates are also noted for their gel-forming, emulsifying, and binding capacities, marking their importance in an array of industries, encompassing food and beverages, cosmetics, nutraceuticals, and pharmaceuticals.

One of the primary catalysts propelling the Latin American collagen hydrolysates market growth is the escalating consumer inclination towards health and wellness products. As awareness regarding the advantages of collagen, such as enhanced skin elasticity, hair growth, and joint health, permeates the population, there has been a discernible tilt towards incorporating collagen supplements into daily routines. The prevalent beauty and anti-aging trends prevalent in the region further solidify collagen hydrolysates' standing in the wellness domain.

The extensive deployment of collagen hydrolysates in the food and beverage sector, particularly in products like protein bars, beverages, and confectionery, is a major factor influencing the Latin America collagen hydrolysates market outlook. The booming cosmetics industry in Latin America, with Brazil leading the front, accentuates the demand for collagen hydrolysates, prized for their moisturising and skin rejuvenating properties.

In the pharmaceutical domain, collagen hydrolysates are increasingly recognised for their therapeutic properties, especially concerning bone disorders and arthritis. Given the aging population in many Latin American countries, the role of collagen hydrolysates in mitigating age-associated ailments cannot be understated.

As per the Latin America collagen hydrolysates market analysis, the marine collagen market, though nascent, is gaining traction, especially with the abundant marine resources available in countries like Brazil, Argentina, and Chile. Research and development in this segment might pave the way for sustainable and ethical collagen hydrolysate sources.

Market Segmentation

The market can be divided based on source, form, application, and country.

Market Breakup by Source

• Bovine
• Porcine
• Marine
• Others

Market Breakup by Form

• Powder
• Liquid
• Capsules

Market Breakup by Application

• Pharmaceutical/Biomedical
• Food and Beverages
• Nutraceuticals
• Cosmetics
• Others

Market Breakup by Country

• Brazil
• Mexico
• Argentina
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America collagen hydrolysates market. Some of the major players explored in the report by Expert Market Research are as follows:

• Gelnex Industria E Comercio Ltda
• Connoils LLC
• Rousselot BV
• Novaprom
• Gelita AG
• InterGenics, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.