Collagen Peptides Market – Analysis, Trends and Forecasts

According to Global MarketsandMarkets collagen peptides market It is estimated to be worth $631 million in 2021 and is expected to reach $828 million by 2026, registering a compound annual growth rate of 5.6% over the forecast period in value terms. Driven by the increasing inclination of consumers towards healthy products. Moreover, the increasing demand for collagen peptides for medical applications and the increasing use of collagen peptides in cosmetics and personal care products is expected to fuel the collagen peptides market.

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The collagen peptides market is mainly driven by the increase in the use of these peptides in many end-use applications, such as food products, food and beverages, pharmaceuticals, cosmetics, and personal care products. Moreover, consumer inclination towards healthy lifestyle and increased protein intake is expected to lead to the growth of the collagen peptides market. The Asia Pacific region is expected to be the fastest growing region in the collagen peptides market. The region has seen a high demand for collagen peptides in food products, such as dietary supplements, sports nutrition, and food and beverage products, such as beverages, dairy products, snacks, soups, sauces, and meat products.

Europe dominated the global collagen peptides market. The dominance is attributed to factors such as the region’s large-scale production and consumption of collagen-containing foods and beverages, dairy and confectionery, fueled by food and beverage manufacturers focusing on product innovation with collagen peptides as a major ingredient. Largely driven by factors such as the presence of major collagen peptides product manufacturers, such as Tessenderlo Group (Belgium), GELITA AG (Germany), Gelnex (Brazil), Lapi Gelatine Spa (Italy), Weishardt (France), Ewald-Gelatine (Germany), Collagen Solutions plc (UK), among others.

Depending on the application, the food products segment is expected to dominate the collagen peptides market by 2021. Collagen peptides are now increasingly used by manufacturers in the production of nutritional supplements, as collagen peptides contain amino acids, which are the individual building blocks of proteins. The functional and health benefits of collagen peptides drive ingredient innovation. Moreover, consumers are demanding healthy aging products that increase their interest in nutritional supplements for healthy skin, joints and bones.

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Based on the shape, the dry segment is estimated to dominate the collagen peptide market by 2021. The dry segment is the most widely used because it can be easily incorporated into different types of products, such as beverages, cosmetics, cosmetics, and personal care.

Among the various types of sources, the bovine segment is estimated to dominate the collagen peptides market. The use of collagen peptides is experiencing a boom in various applications. Bovine is the most acceptable source of collagen, which can be used to extract collagen peptides. On the other hand, pigs have certain cultural limitations. Bovine sources are among the most easily available sources, thus they hold the largest share in the global market as per source. There is significant growth in cows during the forecast period.

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