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The “Global Collagen Peptide Market to 2027 – Analysis and Forecasts by Source (Cattle Hide and Bones, Pigskin, Poultry and Fish, Sheep and Goat, and Others); Application (Nutritional Products, Beverages, Dairy Products, Meat and Poultry Products, Healthcare, Cosmetic, and Others), and Geography” The scope of study involves understanding on the factors responsible for this growth of collagen peptide market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant collagen peptide players in the market and their key developments.
The global collagen peptide market is accounted to US$ 852.4 Mn in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period 2019 – 2027, to account for US$ 2,129.9 Mn by 2027. Tea is considered as the most popular and commonly served beverage in the globe. Collagen peptide, also known as collagen hydrolysate are short chains of amino acids derived from collagen. It is produced by the hydrolysis process from type I collagen. Collagen peptides are more bioavailable and are better absorbed into the bloodstream due to shorter chains of amino acids as compared to collagen and gelatin. Collagen peptides are readily broken down into a form that can enter the bloodstream after digestion. After consumption and absorption, collagen peptides travel throughout the body, rebuilding, repairing, and providing energy. North America accounted for the largest share of the global collagen peptides market. The major factors driving the North America collagen peptide market are the rising health awareness among consumers and the presence of key players such as Darling Ingredients and Gelita AG. Moreover, the developed food and beverage industry in the US, Canada, and Mexico provide a market opportunity for the key players operating in the market.
The collagen peptide market, by application has been segmented into nutritional products, beverages, dairy products, meat and poultry products, healthcare, cosmetic, and others. The nutritional products segment accounted for the largest share of the collagen peptide market in 2018. Rising health consciousness among consumers due to awareness regarding nutritional deficiency, various diseases, and the desire for healthy aging has led to a surge in demand for nutritional products such as collagen peptide supplements and powder. Growing consumer understanding about nutrition has led to increasing demand for food products with specific functionalities that will cater to the nutritional needs of the consumers and aid in dealing with different health aspects. This further boost the collagen peptide market globally.
The global collagen peptide market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America region is expected to account for the largest share of the global collagen peptide market in 2018, followed by Europe and Asia Pacific. In addition, some of the major players in the collagen peptide market include Amikozen Co., Ltd, BSA Pharma Inc., Chaitanya Biologicals Private Limited, Collagen Solutions Plc., Darling Ingredients, GELITA AG, Gelnex, Holista CollTech Limited, Nitta Gelatin, Weishardt, Proteinsa, Gelatines Juncà SL, Tessenderlo Group, and among others.
Global Collagen Peptide Market – By Source
Global Collagen Peptide Market – By Application
Global Collagen Peptide Market – By Geography
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