Collagen Peptides - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Collagen Peptides market is accounted for $555.14 million in 2018 and is expected to reach $1,019.95 million by 2027 growing at a CAGR of 7.9% during the forecast period. Some of the key factors propelling the market growth include increasing use of collagen peptides in the food & beverage industry, increasing consumption of collagen and its derivatives and growing applications in various areas. However, consumer shift toward vegan diets and cultural restriction on the consumption of animal-sourced protein are restricting the market growth.
Collagen peptides are the source of protein and an important element of healthy nutrition. They come in the form of powder and pills and can be taken by adding to beverages, food or taken as a supplement. Their consumption promotes the health of bones and joints, and contributes to beautiful skin.
By form, the dry segment is expected to grow at the significant rate during the forecast period as the dry powder form of collagen peptides have excellent blending properties, which is the reason for them being used in various food applications.
On the basis of geography, Europe region is estimated to have considerable market growth during the forecast period as the technological advancements in this region have made collagen peptides available for a wide range of applications. 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.
Some of the key players in Collagen Peptides market include Gelnex, Lapi Gelatine, Weishardt, Ewald-Gelatine, Chaitanya Chemicals, Suboneyo Chemicals Pharmaceutical P Ltd., Tessenderlo Group, Gelita AG, Holista Colltech, Darling Ingredients, Nitta Gelatin, Collagen Solutions, Crescent Biotech, Foodmate Co. Ltd., Biocell Technology, Amicogen, Kayos, Nippi Inc., Aspen Naturals, and Cargill, Incorporated.
• Marine-based (Fish)
• Alternative Sources (Enzymes)
• Cosmetics & Personal Care Products
• Nutritional Products
• Food & Beverages
• Bone and Joint Health
• Pet Food
Sales Channels Covered:
• Distribution Channel
• Direct Channel
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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