DUBLIN--(BUSINESS WIRE)--The "Collagen Peptides Market by Application (Food & Beverages, Nutritional Products, Cosmetics & Personal Care Products, and Pharmaceuticals), Source (Bovine, Porcine, and Marine & Poultry), Form (Dry and Liquid) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global collagen peptides market size is estimated to be valued at USD 631 million in 2021 and is projected to reach USD 828 million by 2026, recording a CAGR of 5.6% during the forecast period in terms of value. The market is primarily driven by factors such as increasing demand for pharmaceutical and nutritional products across the globe. Moreover, increasing applications in food & beverage and cosmetics & personal care products is anticipated to boost the collagen peptides market growth over the forecast period. However, shifting consumer preferences to the vegan diet coupled with huge restrictions associated with the consumption of certain animal products is posing a huge restraint in the global market.
By source, bovine was the largest segment in 2020 and anticipated to grow at a significant growth rate over the forecast period.
By source, bovine was the largest segment in 2020 and anticipated to grow at a significant growth rate over the forecast period. Bovine collagen can be extracted from bovine species such as water buffalo, yak, bison, and cows. Bovine collagen is a naturally occurring protein, which is present in the connective tissues, bones, cartilage, and hides of cows. It is similar to the collagen that is present in the human body.
By food & beverage sub application, the beverage segment is estimated to grow at the highest CAGR during the forecasted period.
By food & beverage sub application, beverage is the fastest-growing segment from 2021 to 2026. Collagen peptides are used in beverages to improve the elasticity, consistency, and stability of products. Also, they enhance the quality, nutrition, and health value. Owing to the wide range of properties and functional benefits, the largest share of the collagen peptide market is occupied by the beverage industry.
By form, dry collagen peptides was the largest segment with a market share of 81.1% in 2020.
By form, dry collagen peptides was the largest segment with a market share of 81.1% in 2020. The agglomerated powder possesses several other advantages, such as no lump formation, dust-free handling, smooth flowability, consistency, no clogging, and excellent storage ability. These chemicals, as well as physical properties of the dry collagen peptides, make it the perfect raw material for manufacturing several products including food & beverage, cosmetics & personal care products as well as pharmaceutical products. Hence, the huge demand for dry collagen peptides is significantly growing in the global market.
North America was estimated to be the second-largest region in 2020 and anticipated a significant growth rate over the forecast period.
North America was the second-largest region in 2020 and anticipated a significant growth rate over the forecast period. North America witnesses the presence of various multinational consumer goods manufacturing companies in the nutritional products, food & beverage, personal care, and pharmaceutical segment. With the increasing consumer preference for collagen peptide infused products, key players in the respective industry are launching new products in order to gain the maximum customer penetration across the globe.
Market Dynamics
Drivers
- Rising Demand for Collagen Peptides for Medical Applications
- Increasing Use of Collagen Peptides in the Food & Beverage Industry
- Cosmetic and Personal Care Products Using Collagen Peptides
Restraints
- Consumer Shift Toward Vegan Diets
- Cultural Restriction on the Consumption of Animal-Sourced Proteins
Opportunities
- Promotion of Healthy Diets by Governments
- Immense Opportunities in Emerging Economies
Challenges
- Insufficient Processing Technologies
- COVID-19 Impact on Collagen Peptides and the Food & Beverage Ecosystem
Companies Mentioned
Tessenderlo Group
Gelita Ag
Holista Colltech
Darling Ingredients
Nitta Gelatin
Gelnex
Lapi Gelatine S.P.A.
Weishardt
Ewald-Gelatine
Collagen Solutions plc.
Crescent Biotech
Foodmate Co. Ltd.
Suboneyo Chemicals Pharmaceutical P Ltd.
Biocell Technology
Amicogen
Kayos
Nippi Inc.
Aspen Naturals
Vital Proteins
Chaitanya Chemicals
For more information about this report visit https://www.researchandmarkets.com/r/j6e454
