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The global hydroxyproline market is witnessing significant growth owing to the soaring awareness about health and wellness among the general population, resulting in the rising demand for nutritional supplements, collagen-based products, among others. Hydroxyproline is an amino acid mainly used for the production of collagen. The growing demand for collagen based products is likely to augment the product demand.
The growing demand for health and wellness products is likely to support the focus of key players to develop and introduce novel collagen-based products in the market.
Increasing Demand for Collagen-Based Products to Drive the Market Growth
There is an increasing prevalence of orthopedic disorders, and acute and chronic wounds, among others, resulting in the rising demand for collagen-based products such as skin care products, nutraceutical products, among others. This growing demand is resulting in the rising number of R&D activities among key players to launch novel products, boosting the product demand.
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According to the Centers for Disease Control and Prevention (CDC), it was reported that the prevalence of osteoarthritis is 32.5 million in the U.S., 10.0 million in the U.K., 11.2 million in Germany, 8.7 million in France, and 8.8 million in Italy in 2023.
Side Effects Associated with Collagen Supplements May Hamper Market Growth
There is a growing adoption of hydroxyproline for the production of collagen based products such as supplements, among others, in the market. However, side effects associated with these products are likely to hamper the adoption rate of hydroxyproline.
Rising Research and Development Activities to Promote Product Adoption
There are ongoing research and development activities focusing on widening the application range for hydroxyproline. The expansion of the application range is likely to support the growing demand for this product, resulting in the rising focus of key players on manufacturing activities.
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The report covers the following key insights:
By grade, the market is segmented into pharmaceutical grade and industrial grade.
The industrial grade segment held the prominent market share in 2023. The growing demand for collagen based products such as skin care products, dietary supplements, among others, is resulting in the rising focus of key players toward the development of these products, supporting the segmental growth in the market.
By end user, the market is segmented into pharmaceutical & biotechnological companies, cosmeceutical companies, nutraceutical companies, and others.
The cosmeceutical companies segment accounted for a substantial market share in 2023. The growth of the segment is due to various research and development activities to launch collagen-based skin care products in the market. This, along with growing inorganic growth strategies such as acquisitions and mergers among key players to strengthen their presence, is likely to support the segment growth.
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By region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest share of the global hydroxyproline market in 2023. The regional growth is owing to several factors, including the rising prevalence of skin disorders, joint and pain conditions, and others, and growing healthcare expenditure.
Europe is the second-largest market based on the demand for hydroxyproline. The rising awareness about health and wellness products among the general population is resulting in the growing demand for these products in the market. The increasing demand for these products is further driving the focus of key players toward acquisitions and mergers to strengthen their presence in the market.
The Asia Pacific market is expected to grow at a considerable CAGR during the forecast period. The growth is due to the rising number of clinical studies among key players studying the application of hydroxyproline in therapeutic medicine, which increases the product demand.
The competitive landscape of the global hydroxyproline market is semi-consolidated, with few players accounting for a prominent share of the global market. The market also depicts a growing number of acquisitions and mergers among major players to strengthen its presence in the collagen sector.
The report includes the profiles of the following key players:
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