Collagen Peptides Market estimated to reach USD 1328.94 million by 2024

Market Overview:

The Global Collagen Peptides Market was worth USD 803.5 million in 2019 and estimated to be growing at a CAGR of 7.12%, to reach USD 1133.3 million by 2024. The Collagen Peptides market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rising potential in the emerging economies in various regions across the globe. Collagen Peptide can be described as the chemical compounds, which are rich in protein and are an important part of healthy nutrition. They are responsible for promoting the health of bones as well as joints and also, for making the skin beautiful.

Market Drivers and Restraints:

There are various factors that have been impacting market growth over recent years. The factors having a positive impact are consumers’ preference towards a healthy lifestyle, a wide range of applications of collagen peptide as an ingredient in the food industry. Besides, there are some factors which hinder the market growth as well, which include stringent government laws for animal origin additives, concerns regarding the depleting animal sources. These factors are responsible for holding the market down from its full potential.

Report segmented as

By Product Type:

• Pigskin
• Poultry
• Fish
• Cattle Hide & Bone

By Application:

• Snacks & Cereals
• Beverages
• Meat & Poultry Products
• Dairy Products

Geographical Analysis:

On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Collagen Peptides market was dominated by North America, with the overall market share of over 34% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Important Market Players:

Some of the major companies dominating the market, by their products and services include Darling Ingredients Inc., Weishardt Group, Tessenderlo Group, Cargill, Incorporated, Kewpie Corporation, Gelnex, Danish Crown A/S, Gelita AG, Italgelatine S.P.A., Lapi Gelatine.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

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• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of By Source, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

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