ID: MRFR/F-B & N/4977-HCR | 90 Pages | Published By Snehal Singh on March 2023
Collagen Peptide Market is expected to grow at a 6.5% CAGR and reach USD 1,928 Million by 2030.
Collagen Peptide Market is expected to grow at a 6.5% CAGR and reach USD 1,928 Million by 2030. The global market is home to emerging market economies, such as the Asia Pacific, South Africa, and others like the Middle East, South America, and Eastern European countries. These regions are providing excellent market opportunities for the growth of the collagen peptides market during the forecast period owing to the increasing industrial activities with the enhanced process manufacturing. However, there has been several cultural restrictions imposed for the consumption of animal-based products that are posing restraints over the forecast period that will be ending in 2030.
COVID 19 Analysis
The advent of the COVID-19 pandemic has had a significant impact on the overall food & beverage industry. The isolation rules and strict lockdowns have resulted in short supply and even cancellations, which is hampering the local and domestic players in the global Collagen Peptide Market. Due to the arrival of the pandemic, there has been a decrease in the manufacturing and supply of ingredients for the food & beverage industry. The arrival of the COVID-19 industry has caused considerable disruptions for companies in China; therefore, many foreign companies are trying to relocate their procurement from China to other countries. A survey that has been conducted by the Institute for Supply Management states that between the 22nd of February and 5th of March, states that the production in China fell to an all-time low, with manufacturers in China reporting 50% operating capacity with 56% of normal staff.
Collagens are present in the skin that are responsible for skin structure. Collagen fibers are present in the human skin that get damaged with time. They are losing thickness and strength, and are also, resulting in skin aging. Collagen peptides are being used in an array of things like cosmetic and personal care products. They are used in different forms of creams and are used as nutritional supplements for the bones. They are also used in the form of a skin replacement and the augmentation of soft skin, among many others. They are used in different kinds of personal care products, such as soaps, shampoos, body lotions, and other facial creams. Collagen peptides act as surfactants and washing agents while being used in the preparation of shampoos and shower gels that help in the Collagen Peptide Market expansion during the ongoing forecast period that will be ending in 2030.
Collagen peptides, as a part of the market, can be understood as animal by-products that are formed from the collagen of slaughtered animals, which include the bones, hides, and other parts like hooves of cattle, pigs, fish, and poultry. As a result, the target group of individuals with religious or dietary restrictions that forbid the consumption of animal products are not willing to consume those market products that use collagen peptides and hence, restrain the market from growing in the international market. For instance, in the Middle Eastern and Muslim communities that are a part of the market, pork and pork-derived products are strictly forbidden.
The global collagen peptide market is witnessing the advent of global market technology and the main reason behind this is to cover the inadequate consumption of essential nutrients increases the risk of various chronic and cardiovascular diseases, such as hypertension that is because of high blood pressure, followed by other problems like cancer, obesity, and diabetes. With a higher degree of globalization and higher exposure to other cultures especially in Western lifestyles, the global market consumers’ eating patterns have also changed, with an increase in snacking and eating meals in restaurants during the ongoing period that will be ending in 2030.
The collagen peptide market has been divided all across the globe based on the source, application, and region.
Based on the Source
The market has been divided all across the globe based on the source into the marine-based source and animal-based source. The largest market share in the global market is held by the animal-based source, however, marine-based collagen peptides have a high protein percentage, no fat, and best absorption rate.
Based on the Application
The Collagen Peptide Market has been divided all across the globe based on the application into personal care, pharmaceuticals & nutraceuticals, food & beverages, and many others. It is highly used as a storage stabilizer for dairy and confectionery products and hence the largest market is held by the food industry.
Based on the Region
The market has been bifurcated all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.
The most prominent major key players in the collagen peptide market all across the globe are mentioned below:
These major key players adopt various strategies to endure their market position in the collagen peptide market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new product line, setting up a new joint venture, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the collagen peptide market all across the globe.
This global collagen peptide market research report includes the following components mentioned below:
This global market research report contains characteristics that drive the growth of the collagen peptide market in the global market and the factors that restrict its growth in the global market. The technical analysis during the forecasted period is also mentioned. The impact of COVID 19 on the collagen peptide market in the global market is mentioned. The future growth rate in the collagen peptide market during the review period is estimated and mentioned.
Regulatory bodies, end-use industries, trade associations, industrial bodies, food & beverages manufacturers, food safety organizations, raw material suppliers, raw material distributors, collagen peptide manufacturers, collagen peptide suppliers, and many others.
|Market Size||USD 1,928 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By source, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Junca Gelatines, S.L. (Spain), Italgelatine S.p.a (Italy), Gelita AG (Germany), Nitta Gelatin Inc. (Japan), Ewald-Gelatine GmbH (Germany), Danish Crown (Denmark), Kewpie Corporation (Japan), Tessenderlo Group (Belgium), Darling Ingredients (US), and Cargill Inc. (US)|
|Key Market Opportunities||Increasing industrial activities with the enhanced process manufacturing|
|Key Market Drivers||Increasing self-medication trends, Increasing health consciousness|
North America will dominate the collagen peptide market.
Food and beverages will have the largest share in the collagen peptide market.
The companies such as Junca Gelatines, S.L. (Spain), Italgelatine S.p.a (Italy), Gelita AG (Germany), Nitta Gelatin Inc. (Japan), Ewald-Gelatine GmbH (Germany), Danish Crown (Denmark), Kewpie Corporation (Japan), Tessenderlo Group (Belgium), Darling Ingredients (US), Cargill Inc. (US) are dictating the growth trends in the global market.
Increasing self-medication trends and increasing health consciousness are the key factors driving the collagen peptide market.
Animal-based collagen will lead the collagen peptide market.