Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Collagen Peptides market.
Trusted Business Insights presents an updated and Latest Study on Collagen Peptides Market 2020-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Collagen Peptides market during the forecast period (2020-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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The global collagen peptide market is estimated to value at nearly US$ 1 Bn in 2019, and is expected to register a CAGR of 7.7%. The report offers in-depth insights, revenue details, and other vital information regarding the global collagen peptide market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The global collagen peptide market is segmented on the basis of source, application, and region.
Global Collagen Peptide Market: Introduction
Collagen peptide is a cold water-soluble and highly bioactive form of collagen. They have nutritional and physiological properties that act as building blocks to recover damaged tissues of skin, bones and joints. Collagen peptides are a cold-soluble, easily digestible, and highly bio-active form of collagen. They contain shorter chains of amino acids than collagen and gelatin, and therefore can be easily digested and be quickly absorbed in the blood stream.
Global Collagen Peptide Market: Dynamics
Major factors driving growth of the global market are rising demand for dietary supplements, increasing adoption of collagen in food & beverages industry, and growing inclination of consumers toward healthy and protein rich diets. In addition, wide applicability of collagen peptides in nutricosmetic, pharmaceuticals, and other healthcare applications is another factor expected to support growth of the global collagen peptide market to significant extent.
Furthermore, increasing incidence of bone and joint related diseases, coupled with growing popularity among consumers regarding health benefits associated with protein consumption are major factors expected to drive growth of the target market over the forecast period.
Moreover, changing lifestyle, growing consumer awareness of the science behind health and beauty, increasing demand for non-invasive methods to enhance personal beauty, and increasing preference towards use of organic skin care products over synthetic products are factors expected to support growth of the target market over the forecast period.
However, challenges in adoption of collagen peptides derived from pig skins and bones due to religious sentiments with regard to various ethnicities and communities is expected to further hamper growth of the target market.
Global Collagen Peptide Market Analysis, by Source
Among the source segments, the cattle hide and bone segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The cattle hide and bone segment is expected to register CAGR of over 7%, owing to increasing demand for sports nutrition and healthy fortified food & beverage products among athletes is also resulting in growing demand for cattle hide & bones for production of collagen peptides.
Global Collagen Peptide Market Analysis, by Application
Among the application segments, the food & beverage segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The food & beverage segment is expected to register CAGR of over 7.1%, owing to increasing adoption of collagen peptides among food manufacturers for application in functional food and dietary supplements owing to various health benefits is expected to support revenue growth of this segment.
Global Collagen Peptide Market Analysis, by Region
The market in North America is expected to dominate in the global collagen peptide market and is expected to continue its dominance over the forecast period. Rising consumption of protein supplements among individuals to prevent joint pains and chronic diseases is a major factor driving growth of the collagen peptide market in North America.
According to National Health Council, over 40% of the total US population i.e., approximately 133 Mn individuals suffer from chronic diseases, which is projected to increase to over 157 Mn by 2020. In addition, around 75% of healthcare expenses are due to monitoring and treatment of chronic diseases.
Increasing consumption of collagen-based sports nutrition products to improve athletic performance, protect connective tissues, prevent or aid in supporting healthy joints, and to help reduce risks of injury are factors anticipated to further support growth of the potential market in North America over the forecast period. Additionally, increasing consumption of dietary supplements to boost overall wellness is expected to fuel demand for collagen peptide-based products in the coming years.
In 2017, Council for Responsible Nutritions survey result indicated that around 76% of adults in the US, i.e., approximately 170 Mn individuals consume dietary supplements, which was a 3% increase from the previous year, owing to overall concerns towards well-being and to boost immunity.
Rising prevalence and incidence of osteoarthritis -a common form of arthritis affecting joints -coupled with growing geriatric population, are among some of the major factors expected to drive the growth of the market in Europe.
Growing inclination of customers towards cosmetics that help maintain a youthful appearance, and other physical health products are among other factors expected to drive growth of the Europe collagen peptide market over the forecast period.
According to survey ËœSkin Beauty conducted by Society of Dermatologic Surgery in 2016, approximately 38% of British women invest in beauty supplement products that contain vitamins, minerals, etc., in order to stop the appearance of wrinkles.
Global Collagen Peptide Market Segmentation:
Global Collagen Peptide Market Segmentation, by Source:
- Cattle Hide & Bone
Global Collagen Peptide Market Segmentation, by Application:
- Food & Beverages
Global Collagen Peptide Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players included in the report: Global Collagen Peptides Market
- Darling Ingredients Inc. (Rousselot Inc.)
- Ewald-Gelatine GmbH
- Weishardt Holding SA
- Tessenderlo Group NV
- GELITA AG
- LAPI GELATINE S.P.A.
- Gelnex IndÃƒºstria E Comercio Ltda.
- JuncÃƒ Gelatines, S.L.
- Italgelatine S.p.A.
- Nitta Gelatin India Limited
Key Insights Covered: Global Collagen Peptides Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Collagen Peptides industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Collagen Peptides industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Collagen Peptides industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Collagen Peptides industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Collagen Peptides industry.
Research Methodology: Global Collagen Peptides Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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