Collagen Peptide Market Overview: Application, Top Companies, and Forecast 2032
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 size 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
JuncĂ 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 overview 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.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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