Collagen Peptide Market Insight
Collagen Peptide Market expected to gain 6.5% CAGR growth with USD 2.1 Billion by 2032 forecast period 2023-2032.
Primary Boosters and Challenges
The dramatic rise in health awareness among people and the mounting interest in personal care as well as healthy aging could create attractive opportunities for the nutraceuticals and cosmeceuticals sectors. This should give a robust push to the global market. The collagen peptide market can further gain from the extensive use of collagen peptides in various dietary supplements and food products and beverages.
The Canada collagen peptide market is experiencing significant growth, driven by factors such as the increasing consumer awareness of the health benefits of collagen peptides, the growing demand for natural and functional ingredients in food and beverages, and the expanding applications of collagen peptides in the pharmaceutical and cosmetic industries. Collagen peptides are bioactive ingredients derived from collagen that offer various health benefits, including improved skin health, joint health, and muscle recovery.
Large-scale spending on research and development of highly advanced products, rapidly soaring food processing sector and the heightened preference for protein-rich products will also foster the business value. Collagen peptides have a number of amino acids that are considered to be the building blocks of proteins. Reputed brands are advertising their collagen peptides-based items, educating consumers about their property of reducing chances of juvenile blindness, rheumatoid arthritis, cancer, and osteoporosis. This can result in higher sales of these products over the years to come, thereby elevating the market position.
Furthermore, collagen peptides are increasingly being used in the nutricosmetic, pharmaceutical and healthcare industries. The soaring instances of lifestyle disorders are prompting people to opt for functional foods as well as nutraceuticals that ensure healthy aging. On top of this, the blossoming elderly populace coupled with the surging obesity rate worldwide could enhance the need for collagen peptides in wound healing applications.
Key Market Firms
Juncà Gelatines, S.L (Spain), Tessenderlo Group (Belgium), Cargill Inc. (US), Nitta Gelatin Inc. (Japan), Darling Ingredients (US), GELITA AG (Germany), Italgelatine S.p.A (Italy), Kewpie Corporation (Japan), Ewald-Gelatine GmbH (Germany), Danish Crown (Denmark) are some of the eminent developers of collagen peptide key market players.
Market Segmentation
The sources of collagen peptide are either animal-based or marine-based. Animal-based source leads the worldwide collagen peptide market given the huge supply and availability of the same in the market. On the other hand, marine source of collagen peptides has the highest absorption rate, with no fat, as well as significant protein content. Additionally, higher bioavailability than animal-based collagen works in favor of marine-based collagen peptides, in terms of medical applications.
Major applications of collagen peptide are personal care, pharmaceuticals nutraceuticals, food beverages, and more. The dominant segment, food beverage, will continue with its winning streak throughout the conjectured period. Collagen peptides have a host of applications within the food sector; where they are utilized as storage stabilizers for dairy and confectionery products.
Latest News
February 2022
Well Boots recently introduced No7’s Restore Renew Serum Foundation that is a multi-benefit, expertly formulated with essential skin benefits. This multi-benefit foundation has collagen peptide technology that leads to firmer, plumper, and lifted skin.
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