Collagen Peptides Market Anticipation CAGR To Be 7.7% By 2026
New York City, NY: Sept 18, 2019 – Published via (Wired Release) – 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.
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 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%.
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.
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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.
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.
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.
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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 fish segment is expected to register highest CAGR of over 9% over the forecast period in the global market
By Application: The pharmaceuticals segment is expected to register highest CAGR of over 7.5% over the next 10 years
By Region: The market in Asia Pacific is expected to register highest CAGR of over 7.7% in the global collages peptide market
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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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