What is Global Hydroxyproline Market?
The Global Hydroxyproline Market is a vast and dynamic field that has been gaining significant attention in recent years. Hydroxyproline is an amino acid, which is a building block of protein, and is primarily found in collagen. This market is not just limited to the health sector but also extends to various other industries such as cosmetics, food, dietary supplements, and more. The market's global value stood at US$ 72 million in 2022 and is projected to reach US$ 109.5 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period of 2023-2029. The key players in this market are Kyowa Hakko, Evonik, and Jinyang Pharmaceutical, which accounted for 20.06%, 9.18%, and 10.54% of the revenue in 2019, respectively.
Pharmaceutical Grade, Industrial Grade in the Global Hydroxyproline Market:
The Global Hydroxyproline Market is segmented into Pharmaceutical Grade and Industrial Grade. Pharmaceutical Grade Hydroxyproline is primarily used in the production of pharmaceuticals, while Industrial Grade Hydroxyproline is used in various industrial applications. The demand for both grades is driven by their unique properties and wide range of applications. The pharmaceutical industry is the largest consumer of Pharmaceutical Grade Hydroxyproline, while the cosmetics and food industries are the major consumers of Industrial Grade Hydroxyproline. The growth of these industries is expected to drive the demand for Hydroxyproline in the coming years.
Pharmaceutical Intermediate, Cosmetics, Food, Dietary Supplement, Others in the Global Hydroxyproline Market:
The usage of Hydroxyproline is not limited to the pharmaceutical industry. It is also used as an intermediate in the production of cosmetics, food, dietary supplements, and other products. In the cosmetics industry, Hydroxyproline is used in the production of skin care products due to its ability to promote skin health. In the food industry, it is used as a food additive to enhance the nutritional value of food products. In the dietary supplements industry, Hydroxyproline is used in the production of supplements that promote bone and joint health. Other uses of Hydroxyproline include its use in the production of animal feed and in research and development activities.
Global Hydroxyproline Market Outlook:
The global Hydroxyproline market, which was valued at US$ 72 million in 2022, is expected to grow to US$ 109.5 million by 2029. This represents a CAGR of 6.1% during the forecast period of 2023-2029. The market is dominated by three major players - Kyowa Hakko, Evonik, and Jinyang Pharmaceutical, which contributed 20.06%, 9.18%, and 10.54% of the total revenue in 2019, respectively. These figures highlight the significant role these companies play in the global Hydroxyproline market.
| Report Metric | Details |
| Report Name | Hydroxyproline Market |
| Accounted market size in 2022 | US$ 72 in million |
| Forecasted market size in 2029 | US$ 109.5 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Kyowa Hakko, Evonik, Jinyang Pharmaceutical, Beile Group, Puyer Biopharma, Jiangxi Hengtian, Wuxi Jinghai, Dongchen Biology, Hebei Fangrui, ACERBLEND INGREDIENTS CO., LTD., Shijiazhuang Baokang, Haitian Amino Acid, Hebei Dahe, Hebei Bolunte, Hebei Jihai, HY Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
