GMI Research conducts a new study on the global collagen peptide market and encounters to have the largest share during the forecast period, owing to changing lifestyle of the consumers and increasing use of collagen peptides in several food & beverages.
Introduction of the Global Collagen Peptide Market Report
Collagen peptides are the bioactive peptides made by undergoing the enzymatic hydrolysis process of collagen. Collagen peptides are a versatile source of necessary elements of healthy nutrition and a rich source of protein. It plays a role in glorifying the skin by removing wrinkles and improving moisture level, helps to cure the joints, and prevent bone loss. Collagen peptide, is also called hydrolyzed collagen, is a cold-soluble, highly digestible, and bioavailable source of collagen. The manufacture of collagen peptides is limited to developed countries like Germany, the UK, and the US, as the cutting-edge technology requires for collagen extraction is not present in developing countries.
Key Players of the Market
- Darling Ingredients Inc.
- Holista Colltech Limited
- Lapi Gelatine S.p.a.
- Tessenderlo Group
- Gelita AG
- Nitta Gelatin India Limited
- BioCell Technology LLC
Collagen Peptide Market Dynamics
The new analysis is conducted by GMI Research and foresees to grow at a CAGR of 8.7% during the forecast period. The global collagen peptides market size is admired at USD 897 mln in 2018 and witnesses to reach USD 1,901 mln by 2026. The significant factors driving the growth of the collagen peptide market are the rising adoption of healthier lifestyles, ample functions of collagen peptides, and an increase in the adoption of collagen peptides in the beverage and food market. Additionally, the collagen peptides have multiple usages in medical, cosmetic, and nutraceuticals applications, which will fuel the global demand for collagen peptides. In addition, the metropolitan population that is more health-conscious witnessed a substantial rise in collagen peptides market growth and hence will act as a crucial aspect for market growth during the forecast period.
Global Collagen Peptide Market Segmentation
Product Type Segmentation Market Drivers
The Animal-Based segment is reputed for the highest revenues in 2018 and witnesses to dominate the collagen peptide market share through 2026 owing to the booming demand for animal-based peptides like porcine, bovine, and others. The animal-based collagen peptides are healthier as well as cost-effective; these are the reasons end-users preferred this. Furthermore, bovine collagen peptide is considered like nutraceuticals to recover joints of patients with osteoarthritis and help bone metabolism. However, the porcine collagen peptide is less costly & ensures the vitality of skin and anti-aging.
Application Segmentation Market Drivers
The Nutraceutical segment grasped the maximum market share in 2018. It is due to the growing demand for sports nutrition products to stimulate muscle growth and the rising problems of joints and bones in the aging populations. Additionally, collagen peptide is like a nutritional ingredient in most protein items as it lowers the risk of injury and helps in improving the performance of the athlete.
The food & beverages and cosmetic industries are booming in North America, and hence this region was the highest dividend patron in the market in 2018. Furthermore, research and development activity has increased to create novel collagen drugs in this region. However, as per the global collagen Peptide market insights the Asia-Pacific envisages growing at a higher CAGR of 10.1% during 2019-2026 owing to the increasing consciousness about the health benefits of collagen peptide-based products and the rise in the nutraceutical industry.
Collagen Peptide Market Segmentation
Segmentation by Product Type
Segmentation by Application
- Sports Nutrition
- Dietary Supplements
- Snacks & Cereals
- Meat Products
- Dairy Products
Segmentation by Region
- The United States of America
- The United Kingdom
- Rest of Europe
- Rest of APAC
- South Africa
- Saudi Arabia
- Rest of RoW
Introduction of GMI Research