In-Depth insights of collagen peptides market

Collagen sources that are quickly digested, bioactive, and cold soluble are known as collagen peptides. The molecular connections holding together the individual connective tissue fibers are broken down to produce these peptides. It is a form of collagen that has been irrevocably hydrolyzed, in which hydrolysis reduces protein fibrils into smaller peptides with a range of molecular weights linked to methods of physical and chemical denaturation. The flexibility, toughness, and rejuvenation of hair, skin, cartilage, tendons, shoulders, and bones are all made possible by collagen ingestion. The extracellular matrix of cells and animal tissue both naturally contain collagen peptides. Supplements, cosmetics, and food products are the main uses for collagen peptides.

The market for collagen peptides in 2021 was USD 683.39 million and will reach USD 1087.74 million by 2030 at a 5.3% CAGR during 2021-2030. 

The expansion of the processed and functional food and beverage industries is the primary driver of the global collagen peptides market growth. Additionally, increasing consumption of baked goods, dairy products, and snacks in developed nations will accelerate market expansion.

Market Dynamics

Drivers

Applications for collagen peptides include drinks, sports nutrition, nutritional supplements, medicinal foods, and functional foods. Additionally, as health and wellness awareness spreads worldwide, people are searching for healthier meals. Additionally, people’s constantly changing lifestyles will boost the demand for peptide supplements.

Due to their adaptability, collagen peptides are employed more frequently as a visible ingredient in various foods and beverages. The incorporation of collagen peptides into more food products will rise due to their beneficial characteristics.

Restraints

Several crucial factors, including safety-related worries, an increase in the use of substitutes like modified pectin gels, starch gels, high acyl gellan gum, carrageenan, and ethical considerations, hamper the global market’s overall growth.

Opportunity

The adoption of Western diets, shifting eating patterns and lifestyles, and a rise in the demand for collagen peptides across a wide range of industries, including pharmaceuticals, cosmetics, personal care, food and beverage, and nutritional products, have all significantly driven the market in developing economies. As a result, there is a significant chance for manufacturers to expand. Additionally, the market will have a lot of development potential in the approaching years due to the rising costs and investments in various R&D activities relating to this industry.

Market Segmentation

Source Insights

By source, the market for collagen peptides is segmented into bovine, porcine, poultry, marine, and other categories.

In 2020, the bovine segment contributed to the largest market share. The bovine collagen peptides are readily available and substantially less expensive. Additionally, bovine collagen’s major benefits include its ability to hydrate the skin, assist digestion in general, help build stronger muscles, and support hair growth and nail health.

Application Insights

In terms of application, the collagen peptide market is segmented into food, cosmetics, pharmaceutical, beverage, and others.

In 2020, the market share was contributed by the food and beverage segment. Due to their widespread use as food additives, expanding use in the nutritional products business, and numerous other factors, the demand for collagen peptides is significantly rising. Additionally, the food industry had a sizeable portion of the market in 2020 due to growing consumer knowledge of nutritional and healthy food options worldwide.

Form Insights

On the basis of form, the market is segmented into liquid and dry.

The market for the liquid segment will expand at a rapid rate. Liquid collagen peptides are transparent and soluble by nature. These have a wide range of applications and concentrations for which they are suitable. Additionally, because liquid collagen peptides produce greater outcomes, they are increasingly produced by cosmetic companies. 

Regional Insights

North America was the largest regional market in 2021 and generated USD 228.3 million and will grow at a 6.18% CAGR. Collagen peptides are used in the pharmaceutical sector to create medications that help arthritis patients’ bones regenerate. These elements support the growth of the collagen peptide market on the North American continent. The use of collagen peptides in the beauty industry and rising health consciousness among consumers drive the expansion of the collagen peptides market needs in North America.

Key Players 

• Rousselot,
• KENNEY & ROSS LIMITED MARINE GELATIN,
• COBIOSA,
• Weishardt,
• ConnOils L.L.C.,
• ET-Chem.,
• ITALGELATINE S.p.A,
• LAPI GELATINE S.p.a.,
• Ewald-Gelatine GmbH,
• JUNCÀ GELATINES SL,
• Collagen Solutions Plc,
• Nippi Collagen NA Inc.,
• HolistaColltech.,
• PB Leiner,
• GELNEX,
• Vital Proteins L.L.C.,

The market for collagen peptides in 2021 was USD 683.39 million and will reach USD 1087.74 million by 2030 at a 5.3% CAGR during 2021-2030. Growing public awareness of the health benefits of collagen peptides is the main factor boosting the market growth. Collagen peptides are widely used in developed and developing nations in various industries, including food and beverage, cosmetics, meat and poultry, and sports nutrition. One of the factors predicting an increase in demand for collagen peptides is the trend of eating foods high in protein.