The report 'Collagen Peptides' Market by Form (Dry, Liquid), By Source (Bovine, Porcine, Poultry, Marine, and others), By Application (Pharmaceutical, Food, Beverage, Cosmetic and Others)- Global Forecast to 2030. The Market for Global Collagen Peptides is predicted to reach a market value of USD1077.5million by 2030 from USD649millionin 2020, at a CAGR of 5.3 percent during the forecasted period. The rise in awareness about the various health-related advantages of collagen peptides has augmented consumers' overall rate of consumption. This rise in awareness in terms of health among consumers scattered all over the world is augmenting the total growth of the market. Moreover, the inactive lifestyle is also one of the major drivers that are stimulating the demand and the growth of the market for collagen peptides. In accordance with the U.S. National Library of Medicine and National Institutes of Health, the calculations by the Iterative PDCAAS have shown that a level as high as thirty-six percent of collagen peptides can be utilized as an alternative to protein in the daily diet while assuring the indispensable amino acid requirements are met.
Based on the source, the bovine segment contributed to the highest share of the collagen peptide market in the year 2020 and is anticipated to rise at a high CAGR throughout the forecasted period. The Bovine collagen peptides are relatively less costly and are widely available in the entire market. It is one of the best options for beauty and health-conscious consumers. As per the United Nations (U.N.), the total number of industrial livestock, such as chicken, calf, and pigs, sent to slaughter annually equals eight times the total human population on Earth.
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Based on application, the pharmaceuticals segment is predicted to be the fastest-growing application segment in the entire global collagen peptides market. The demand for collagen peptides is expected to grow significantly due to their wide usage in food additives, growing application usage in the nutritional products industry, and many others. Moreover, a high amount of Collagen and its peptides is used in the pharmaceutical industry. Also, Collagen is used in a wide range of applications, such as the scaffolds for tissue regeneration, drug delivery system, the pharmaceutical industry, and medical devices. With consumers' growing demand to prevent themselves from premature aging, along with the growing preference for safe and effective beauty solutions, amino acid and protein-derived nutricosmetics, such as Collagen, accounted for a majority of twenty-nine percent of market share in the global nutricosmetics market.
Based on form, the liquid segment is anticipated to observe a steady growth rate in the market during the forecasted period. The Collagen peptides in the liquids are highly soluble in nature. These can be used widely across a vast range of applications. Furthermore, the liquid form of collagen peptides is expanding steadily and is primarily manufactured by cosmetic manufacturers as they deliver better results. They are also able to give a higher concentration of collagen peptides as per the need of the products
Based on regional analysis, the Asia Pacific region is expected to grow at the largest compound annual growth rate throughout the forecasted period. Moreover, the rise of various technological advancements has led to various areas for applying collagen peptides containing nutraceutical and pharmaceutical products. Moreover, countries like Japan and South-Korea, account for a greater share in the collagen market due to the high awareness of the consumers about the various advantages of these products growing utilization of cosmetic and personal care products, increasing disposable income, and many others.
The leading players that operate in the market areCOBIOSA, Weishardt, Rousselot, GELITA AG, KENNEY & ROSS LIMITED MARINE GELATIN, ConnOils L.L.C., LAPI GELATINE S.p.a., Ewald-Gelatine GmbH, ET-Chem., ITALGELATINE S.p.A, JUNCÀ GELATINES SL, Holista Colltech., PB Leiner, Collagen Solutions Plc, Nippi Collagen NA Inc., GELNEX, Vital Proteins L.L.C.,
Recent Developments
· In the month of January 2020, Darling Ingredients Inc. declared that it had acquired about an overall 50 percent of the Joint venture interest of EnviroFlight, L.L.C. EnviroFlight, L.L.C.is owned by the Intrexon Corporation, which in turn is observed the growth of the overall development of the market, which in turn is augmenting the ownership interest in EnviroFlight to about 100 percent.