The growing inclination of consumers towards a healthy lifestyle has contributed majorly to the collagen peptides industry growth.
The 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% during the forecast period. The demand for collagen peptides is increasing significantly, as they are used across various industries. Biotechnological advancement has found its medical applications.
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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.
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Europe dominated the global collagen peptides market, with the largest share, whereas Asia Pacific is projected to witness the highest growth rate.
Europe has the largest share in the global market because collagen peptides are used across a wide range of applications in that region. Technological advancements have led to the identification of more uses of collagen peptides in pharmaceutical and biomedical applications. It is used as a constituent of wound dressing, blood volume substitutes, and hemostatic sponges. Also, manufacturers use collagen peptides in dietary supplements and orally administer medicines owing to their unique adhesive, gelling, and film-building properties. Whereas, the Asia Pacific collagen peptides market is projected to grow at the highest rate. The rising demand for functional ingredients in food & beverage products and consumers becoming more aware of their health and wellness are driving the growth of the collagen peptides industry in this region. Collagen peptides infused food & beverage products have longer shelf lives.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Tessenderlo Group (Belgium), Gelita AG (Germany), Holista CollTech (Australia), Darling Ingredients (Texas), Nitta Gelatin (Japan), Weishardt (France), Gelnex (Brazil), Collagen Solutions (UK), Amicogen Inc. (South Korea), and Nippi Inc. (Japan), Lapi Gelatine (Italy), Ewald-Gelatine (Germany), Crescent Biotech (India), Foodmate Co. Ltd. (China), Suboneyo Chemicals Pharmaceuticals Pvt. Ltd. (India), BioCell Technology (US), Kayos (India), Aspen Naturals (US), Vital Proteins (US), and Chaitanya Chemicals (India).
Collagen Peptides Market worth $795 million by 2025
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.
Pea Starch Market is Expected to Reach $203 Million by 2026
Growth in the demand for pea starch in the end-user application industries is driving the market growth of pea starch. Further, increase in the demand for gluten-free products is also a major factor resulting to the rise in the demand for pea starch.
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