Collagen Peptides Market is Estimated to Show a Robust Growth Represented a CAGR of 7.7% By 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 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 peptides are also referred as hydrolyzed collagen or collagen hydrolysate. Collagen peptides are short chain amino acids derived from pasture-raised, grass-fed collagen protein. Collagen peptides are soluble in cold water, highly digestible and can be easily absorbed by our body. Collagen peptides contain the same amino acids as gelatin, which are identical to the protein found in skin, nails, hair, bones, cartilage, and joints. Collagen peptide products include healthy aging, joint and bone health, sports nutrition and skin beauty. Collagen peptide are best in the form of functional foods & beverages, and dietary supplements compared to gelatin.
Increasing prevalence of lifestyle diseases has shifted consumer preference towards functional food and nutraceuticals, and growing applications in nutricosmetics, healthcare & pharmaceuticals are key factors driving growth of the global collagen peptides market. In addition, increasing biomedical applications including drug delivery systems for ophthalmology, sponges for wounds/burns, nanoparticles for gene delivery, and bone substitutes are expected to boost growth of the global collagen peptides market over the forecast period.
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However, steep cost of products and high importing costs are key factors restraining growth of the global collagen peptides market. Additionally, increasing prices of high-grade foods, and negative perception related to consumption of collagen are other factors expected to hamper growth of the global collagen peptides market.
The global collagen peptides market is segmented on the basis of source, application, and region. On the basis of region, the global collagen peptides market is segmented into 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 accounts for the highest share in terms of revenue in the global collagen peptides market, owing to the increasing demand for functional and processed food. The market in Asia Pacific is projected to register highest growth rate over the forecast period, owing to increasing disposable income, increasing industrialization, and growing demand for nutricosmetics and personal care products from countries in the region.
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 the potential market in North America over the forecast period. Additionally, increasing consumption of dietary supplements to boost overall wellness is expected to fuel demand for collagen peptide-based products in the coming years.
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Prominent players in the global collagen peptides market include Rousselot Inc., Cargill Inc., Weishardt Holding SA, Tessenderlo Group Inc., GELITA AG, LAPI GELATINE S.p.a., Gelnex Indústria E Comércio Ltda., Kewpie Corporation, Italgelatine S.p.A., and Nitta Gelatin India Limited.