Collagen Peptide Market Insight
Collagen Peptide Market expected to gain 6.5% CAGR growth with USD 2.1 Billion by 2032 forecast period 2023-2032.
Primary Boosters and Challenges
The dramatic rise in health awareness among people and the mounting interest in personal care as well as healthy aging could create attractive opportunities for the nutraceuticals and cosmeceuticals sectors. This should give a robust push to the global market. The collagen peptide market share can further gain from the extensive use of collagen peptides in various dietary supplements and food products and beverages.
Large-scale spending on research and development of highly advanced products, rapidly soaring food processing sector and the heightened preference for protein-rich products will also foster the business value. Collagen peptides have a number of amino acids that are considered to be the building blocks of proteins. Reputed brands are advertising their collagen peptides-based items, educating consumers about their property of reducing chances of juvenile blindness, rheumatoid arthritis, cancer, and osteoporosis. This can result in higher sales of these products over the years to come, thereby elevating the market position.
Furthermore, collagen peptides are increasingly being used in the nutricosmetic, pharmaceutical and healthcare industries. The soaring instances of lifestyle disorders are prompting people to opt for functional foods as well as nutraceuticals that ensure healthy aging. On top of this, the blossoming elderly populace coupled with the surging obesity rate worldwide could enhance the need for collagen peptides in wound healing applications.
Key Market Firms
Juncà Gelatines, S.L (Spain), Tessenderlo Group (Belgium), Cargill Inc. (US), Nitta Gelatin Inc. (Japan), Darling Ingredients (US), GELITA AG (Germany), Italgelatine S.p.A (Italy), Kewpie Corporation (Japan), Ewald-Gelatine GmbH (Germany), Danish Crown (Denmark) are some of the eminent developers of collagen peptide market.
Market Segmentation
The sources of collagen peptide are either animal-based or marine-based. Animal-based source leads the worldwide collagen peptide market research given the huge supply and availability of the same in the market. On the other hand, marine source of collagen peptides has the highest absorption rate, with no fat, as well as significant protein content. Additionally, higher bioavailability than animal-based collagen works in favor of marine-based collagen peptides, in terms of medical applications.
Major applications of collagen peptide are personal care, pharmaceuticals & nutraceuticals, food & beverages, and more. The dominant segment, food & beverage, will continue with its winning streak throughout the conjectured period. Collagen peptides have a host of applications within the food sector; where they are utilized as storage stabilizers for dairy and confectionery products.
Regional Study
North America can attain the highest spot in the worldwide collagen peptide market, thanks to the surging prominence of several chronic disorders and the rise in consumers’ health consciousness. Booming sales of various dietary supplements, escalating prevalence of protein-rich diets and the high demand generated by the food & beverage sector should augur significantly with the collagen peptide market. Collagen peptide notes substantial demand in the region from a number of industries including food & beverages, dietary supplements, meat products and food additives, thereby favoring the regional market.
Several countries in Asia Pacific are witnessing rapid economic growth in line with improving living standards. Technical upgradations have given way to numerous application scopes for collagen peptides, including nutraceutical and pharmaceutical products. Besides, the product’s rising use as an ingredient in a variety of food products and beverage encourage business expansion in the region.
Latest News
February 2022
Well Boots recently introduced No7’s Restore & Renew Serum Foundation that is a multi-benefit, expertly formulated with essential skin benefits. This multi-benefit foundation has collagen peptide technology that leads to firmer, plumper, and lifted skin.
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