Collagen Peptides Market To Generate More Than US$ 5 Bn Revenue Till 2023
Posted: Mar 17, 2019
The global collagen peptide market is estimated to value at nearly US$ 1 Bn in 2019, and is expected to register a CAGR of 7.7% By 2026. The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 5 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. The report offers in-depth insights, revenue details, and other vital information regarding the global collagen peptide market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028.
Collagen peptide is a cold water-soluble and highly bioactive form of collagen. They have nutritional and physiological properties that act as building blocks to recover damaged tissues of skin, bones and joints. Collagen peptides are a cold-soluble, easily digestible, and highly bio-active form of collagen. They contain shorter chains of amino acids than collagen and gelatin, and therefore can be easily digested and be quickly absorbed in the blood stream.
Global Collagen Peptide Market: Market Dynamics
Wide applicability of collagen peptide in nutria-cosmetic, pharmaceuticals, and other healthcare applications is a major factor expected to support growth of the global collagen peptide market. In addition, growing food and healthcare sectors owing to increasing population, changing diets and food habits, and rising urbanization are major factors driving growth of the target market, currently.
Changing lifestyle, growing consumer awareness of the science behind health and beauty, increasing demand for non-invasive methods to enhance personal beauty, and increasing preference towards use of organic skin care products over synthetic products are factors expected to support growth of the target market over the forecast period. In addition, increasing consumption of collagen-based sports nutrition products to improve athletic performance, protect connective tissues, prevent or aid in supporting healthy joints, and to help reduce risks of injury are factors anticipated to further support growth of this market over the forecast period. Additionally, increasing consumption of dietary supplements to boost energy is expected to fuel demand for collagen peptide-based products in the coming years.
Moreover, increasing initiatives for collagen research by manufacturers in order to expand scope of applications, and to develop and introduce new products are among other factors supporting growth of the target market.
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Global Collagen Peptide Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global collagen peptide market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global collagen peptide market is expected to register a CAGR of 7.7% during the forecast period.
Global Collagen Peptide Market: Segmental Snapshot
The market report has been segmented on the basis of source, application, and region. The source segment includes cattle hide & bone, pigskin, poultry, and fish. The application segment includes food & beverages, pharmaceuticals, nutraceuticals, cosmetics, and healthcare. The region includes the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Source: The cattle hide and bone segment is expected to register CAGR of over 7%, owing to increasing demand for sports nutrition and healthy fortified food & beverage products among athletes is also resulting in growing demand for cattle hide & bones for production of collagen peptides.
By Application: The food & beverage segment is expected to register CAGR of over 7.1%, owing to increasing adoption of collagen peptides among food manufacturers for application in functional food and dietary supplements owing to various health benefits is expected to support revenue growth of this segment.
By Region: The market in Asia Pacific is expected to register highest CAGR of over 7.7% in the global collages peptide market. The market in North America is expected to dominate in the global collagen peptide market and is expected to continue its dominance over the forecast period. Rising consumption of protein supplements among individuals to prevent joint pains and chronic diseases is a major factor driving growth of the collagen peptide market in North America.
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Global Collagen Peptide Market: Competitive Analysis
The research report on the global collagen peptide market includes profiles of some of the major companies such as Darling Ingredients Inc. (Rousselot Inc.), Ewald-Gelatine GmbH, Weishardt Holding SA, Tessenderlo Group NV, GELITA AG, LAPI GELATINE S.p.a., Gelnex Indústria E Comércio Ltda., Juncà Gelatines, S.L., Italgelatine S.p.A., and Nitta Gelatin India Limited.
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