
Report ID: UCMIG30C2057
Report ID:
UCMIG30C2057 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The hydrolyzed bovine collagen market in the Middle East and Africa had a market value of USD 38.59 million in 2022 and is anticipated to exhibit a 9.4% compound annual growth rate (CAGR) from 2023 to 2030. The rising disposable income of consumers, along with the increasing popularity of cosmetic procedures, has driven the demand for hydrolyzed bovine collagen in the MEA region. Intense competition prevails in the market due to the presence of numerous domestic and international manufacturers. Leading industry players entering these regions are actively expanding their product offerings and global presence, with a particular focus on enhancing their distribution networks.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Food Retail by segment aggregation, the contribution of the Food Retail in Food & Staples Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30C2057