Collagen Peptides Market by Source (Bovine, Porcine, and Marine & Poultry), Form (Dry and Liquid), Application (Nutritional Products, Food & Beverages, Pharmaceuticals, and Cosmetics & Personal Care Products) and Region - Global Forecast to 2025
Northbrook, IL -- (SBWIRE) -- 11/01/2021 -- The global collagen peptides market size is estimated to be valued at USD 599 million in 2020 and projected to reach USD 795 million by 2025, recording a CAGR of 5.8%. The growing inclination of consumers towards a healthy lifestyle has contributed majorly to the collagen peptides industry growth.
Food & beverage manufacturers have started using collagen peptides increasingly as an ingredient in a wide range of products. Also, with biotechnological advancement, collagen peptides have found its use in various biomedical applications. The versatile nature of collagen peptides makes it useful in the pharmaceutical industry for the production of orally administrative medicines.
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By form, the dry segment is projected to account for the largest share in the collagen peptides market during the forecast period
The dry segment is expected to dominate the market during the forecast period. The powder form of collagen peptides is majorly used across various industries, owing to its solubility behavior. The dry and powder forms of collagen peptides have excellent blending properties, which is the reason for them being used in various food applications. The cosmetics & personal care product manufacturers are increasingly using fish collagen powder in healthy aging collagen creams and nutraceuticals for the skin.
By application, the nutritional products segment is projected to account for the largest share in the market during the forecast period
The demand for collagen peptides is growing significantly due to their increasing application in the nutritional products industry. The nutritional product applications considered for this study include dietary supplements and sports nutrition. The unique nutritional and amino acid profile of collagen peptides makes them a good fit for specialty diets. Manufacturers use them in manufacturing nutritional products, as they are an appropriate multi-functional protein. The functional and health benefits are driving the innovation of the ingredient.
Europe is projected to account for the largest market share during the forecast period
In 2019, Europe accounted for the majority of the global market share. Technological advancements in this region have made collagen peptides available for a wide range of applications, and this segment is estimated to drive the growth of the market in the region. Countries in Europe use collagen peptides for multiple biomedical applications. Its unique adhesive, gelling and film-building properties are making it useful for the production of dietary supplements and orally administered medicines. These factors are projected to contribute to the growth of the European collagen peptides industry.
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Key Market Players:
Key players in the collagen peptides market include Tessenderlo Group (Belgium), Gelita AG (Germany), Darling Ingredients (Texas), Holista CollTech (Australia), Nitta Gelatin (Japan), Collagen Solution (UK), and Amicogen Inc. (South Korea).
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