Collagen Peptides Market Growth Is Skyrocketing With Predicted CAGR Of 7.7 Forecast Till 2026
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%. 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.
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
Major factors driving growth of the global market are rising demand for dietary supplements, increasing adoption of collagen in food & beverages industry, and growing inclination of consumers toward healthy and protein rich diets. In addition, wide applicability of collagen peptides in nutricosmetic, pharmaceuticals, and other healthcare applications is another factor expected to support growth of the global collagen peptide market to significant extent.
Moreover, 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.
To Get Sample Copy of Report visit @ https://marketresearch.biz/report/collagen-peptides-market/request-sample/
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.
Among the source segments, the cattle hide and bone segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. 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.
Among the application segments, the food & beverage segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. 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.
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.
Rising prevalence and incidence of osteoarthritis – a common form of arthritis affecting joints – coupled with growing geriatric population, are among some of the major factors expected to drive the growth of the market in Europe.
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.
For Any Inquiry Or Purchasing The Report @ https://marketresearch.biz/purchase-report/?report_id=2672
The insight analysis on research report provides:
– The evaluated growth rate together with size and market share over the forecast period 2019-2028.
– The primary factors estimated to drive the Market for the forecasting period 2019-2028.
– The major Global market regulatory bodies and what has been their business expanding strategy for leading so far.
– Influential trends shaping the growth probabilities of the Market.
In-depth and complete business outlook, market revenue study, business expansion strategies, and SWOT analysis of the major leading players have been served in the report. Vendors in the Worldwide market are focusing to explore their operations to developing regions. More, companies in the market are concentrating on innovation and standing their products at competitive prices. A detailed analysis of supply chain in the report will help readers to understand market clearly.