July 28th, 2022
Collagen Peptide Market
The Collagen Peptides Market was valued at USD 897 million in 2018 and is projected to grow at a robust CAGR of 8.7% during the forecast period (2019-2026).
The factors driving the growth of Collagen Peptide Market includes growing application of Collagen Peptide Market in Nutraceuticals, Food and Beverage and Cosmetic Industries and growing consciousness amongst consumers about adopting healthy lifestyles. According to the report published by Bloomberg, the Global Cosmetics Market is anticipated to reach USD 463.5 billion by the end of 2027, growing at steady CAGR of 5.3%, which will boost the Collagen Peptide Market size in the approaching years. Moreover, the increasing geriatric population, rise in the Government expenditure on the healthcare sector and growing awareness about health benefits of collagen peptides, have significantly boosted the growth of Collagen Peptide Market. In addition, the increasing the investments in research and development by the leading players for developing Collagen drugs, will accelerate the Collagen Peptide Market share in the upcoming years.
However, the growth of Collagen Market is hindered due to increasing vegan population across the world.
The major players operating in the market are Gelnex, Amicogen, Capsugel, Tessenderlo Group, Darling Ingredients Inc., Gelita AG, Nitta Gelatin India Limited, BioCell Technology LLC, Lapi Gelatine S.p.a. and Holista Colltech Limited among others.
Product Type: Segment Analysis
According to Collagen Peptide Market Analysis, the Animal-Based segment dominated the market in 2018 and is predicted to lead the market during the forecast period attributed to growing consciousness amongst consumers about the health benefits of consuming animal-based products as it helps in improving metabolism.
Application: Segment Analysis
Based on application, the Nutraceutical segment dominated the market in 2018 attributed to increasing consumers inclination towards maintaining the overall health and growing demand for nutritional supplements in the sports industry.
Regional: Segment Analysis
Based on region, the North America captured a significant market share in 2018, owing to the expansion of food and beverage industry and cosmetic Industry.
On the other hand, Asia Pacific region dominated the market and is anticipated to grow at a promising rate over the forecast period due to increased demand for Collagen Peptides in the nutraceutical Industry, growing population and rising disposable incomes.
Global Collagen Peptide Market by Product Type
Global Collagen Peptide Market by Application
Snacks & Cereals
Global Collagen Peptide Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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