Bolivia Collagen Market Size & Outlook, 2024-2030
Bolivia collagen market, 2018-2030 (US$M)
Related Markets
Bolivia collagen market highlights
- The Bolivia collagen market generated a revenue of USD 45.5 million in 2022 and is expected to reach USD 100.5 million by 2030.
- The Bolivia market is expected to grow at a CAGR of 10.4% from 2023 to 2030.
- In terms of segment, gelatin was the largest revenue generating product in 2022.
- Hydrolyzed Collagen is the most lucrative product segment registering the fastest growth during the forecast period.
Collagen market data book summary
| Market revenue in 2022 | USD 45.5 million |
| Market revenue in 2030 | USD 100.5 million |
| Growth rate | 10.4% (CAGR from 2022 to 2030) |
| Largest segment | Gelatin |
| Fastest growing segment | Hydrolyzed Collagen |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen |
| Key market players worldwide | Darling Ingredients Inc, Gelita AG, Tessenderlo Group NV, Symrise AG, Collagen Solutions |
Other key industry trends
- In terms of revenue, Bolivia accounted for 0.5% of the global collagen market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil collagen market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 179.3 million by 2030.
Gelatin was the largest segment with a revenue share of 70.68% in 2024. Horizon Databook has segmented the Bolivia collagen market based on gelatin, hydrolyzed collagen, native collagen, synthetic collagen covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for collagen in Bolivia arises from the high consumption of confectionery and functional food & beverage products. Marine-derived collagen is superior to collagen derived from bovine or porcine sources on account of its high absorption rate and bioavailability.
The high absorption rate of collagen into the bloodstream facilitates improved collagen levels in the body, especially the skin. In addition, the demand for hydrolyzed collagen in the food & beverages industry is expected to grow on account of its increasing uses in fortified sports drinks.
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Collagen Market Scope
Collagen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Bolivia collagen market size, by product, 2018-2030 (US$M)
Bolivia Collagen Market Outlook Share, 2024 & 2030 (US$M)
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