Collagen peptides are short chain protein building blocks present in the body and is an important component of connective tissue. It makes up to 30% of body protein found in bones, skin, cartilages and tendons.
The production of collagen peptide slows down with ageing and affects the elasticity, suppleness, and hydration of skin and connective tissues.
Rising awareness regarding health and personal care is fueling the demand for collagen peptide across the globe. Additionally, collagen peptide is a vital component of nutraceutical products, which are witnessing high consumption to meet daily nutritional requirements.
This is bolstering the growth of collagen peptide market across the globe. The global collagen peptides market is expected to expand at a CAGR of 10% during the forecast period. Based on geography, the global collagen peptides market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for largest market share owing to rapidly expanding food and beverages industry, rising health awareness, prevalence of lifestyle diseases, and rising health awareness. Asia Pacific is anticipated to be the most lucrative market during forecast period.
This growth is primarily attributed to the rise in consumption of meat and poultry, and addition of health drinks in daily diet across the geography. The global collagen peptides market is concentrated with leading manufacturers such as Cargill, Incorporated, Danish Crown AmbA, Darling Ingredients, Inc., GELITA AG, GELNEX, Italgelatine S.p.A., Juncà Gelatines SL, Kewpie Corporation, LAPI GELATINE S.p.a., Nitta Gelatin, NA Inc., Tessenderlo Group, and Weishardt having strong hold on the global market. The report titled “Collagen Peptides Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.
Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global collagen peptides market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Tessenderlo Group reported revenues of US$ 1.79 Billion in 2018 and the segment and geographic analysis of the company indicates Agro business segment of the company dominated revenue in 2018 with North America and Europe generating 87% of total revenue.
The global collagen peptides market is segmented based on source, product form, applications and geography. Based on source, global collagen peptides market is segmented into cattle hide & bone, poultry, fish, pigskin, and others. Based on product form, the global collagen peptide market is segmented into powder and liquid. Based on application, the market is segmented into nutritional products, beverages, dairy products, meat & poultry products, snacks & cereal, and others. The nutrition products are further sub-segmented into sports nutrition, and dietary supplements. The beverages are further sub-segmented into carbonated beverages, non-carbonated beverages, and others. Similarly, the dairy products are sub-segmented into cheese, yogurt, and others. Based on geography, the global collagen peptides market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of prominent global players holding majority share of the market with a focus on all operating business segment, and would identify the segment of the company focusing on collagen peptides. Further, market share of company in the global collagen peptides market would also be calculated. For instance, Tessenderlo Group operates through five business segments namely Agro, Bio-valorization Industrial Solution, T-Power, and Others. Collagen Peptides are delivered under Bio-Valorization business segment of the company with revenue contribution of US$ 556.2 Million in 2018. The study describes the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the collagen peptides companies. Furthermore, the global collagen peptides market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the collagen peptides market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global collagen peptides market arena. For instance, Tessenderlo Group through it brand PB Leiner invested in upgrading its plants, developing specialties for the pharma and health & beauty markets in 2019, optimizing production processes to improve the quality and functionality of its products. Key players in the global collagen peptides market are strongly focusing on developing improved formulations of collagen peptides to cater the rising demand from global market.
Market Segmentation:
By Source
By Product form
By Applications
By Geography
The global market for Collagen Peptides will most likely expand at over 10% CAGR through 2032.
This growth is primarily attributed to the rise in consumption of meat and poultry, and addition of health drinks in daily diet across the globe.
Some key players operating in the Collagen Peptides market include Cargill, Incorporated, Danish Crown AmbA, Darling Ingredients, Inc., GELITA AG, GELNEX, Italgelatine S.p.A., Juncà Gelatines SL, Kewpie Corporation.
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