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Redding, California - June 19, 2024

Collagen Peptides Market to be Worth $1.35 Billion by 2031

Collagen Peptides Market Size, Share, Forecast, & Trends Analysis by Source (Bovine, Porcine, Marine), Form (Dry, Liquid), Application (Food & Beverages [Confectionery, Dairy, Meat & Fish Products], Pharmaceuticals, Personal Care) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Collagen Peptides Market Size, Share, Forecast, & Trends Analysis by Source (Bovine, Porcine, Marine), Form (Dry, Liquid), Application (Food & Beverages [Confectionery, Dairy, Meat & Fish Products], Pharmaceuticals, Personal Care) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the collagen peptides market is projected to reach $1.35 billion by 2031, at a CAGR of 7.4% during the forecast period 2024–2031. The growth of this market is being propelled by factors such as the increasing use of collagen peptides in the food & beverage industry, growing awareness about the health benefits of collagen peptides, and expanding the personal care industry. However, the rising consumer shift towards vegan diets and stringent regulations for animal-sourced added substances restrain the growth of this market. Moreover, the emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and expansion into plant-based alternatives are expected to generate significant growth opportunities for the stakeholders in the collagen peptides market. On the other hand, ethical and sustainability concerns pose a major challenge to market growth. The latest trends in the collagen peptides market are rising applications in sports nutrition and a shift towards vegan collagen.

Key Players

Some of the key players operating in the collagen peptides market are Rousselot (A Part of Darling Ingredients Inc.) (Netherlands), Weishardt (France), GELITA AG (Germany), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), Tessenderlo Group NV (Belgium), Ewald-Gelatine GmbH (Germany), Juncà Gelatines SL (Spain), Gelnex (Brazil), Holista Colltech Limited (Australia), Nippi. Inc. (Japan), Chaitanya Agro Biotech Pvt. Ltd. (India), Hangzhou Nutrition Biotechnology Co., Ltd. (China), Norland Products Inc. (U.S.), and Foodmate Co., Ltd. (China).

The collagen peptides market is segmented based on source (bovine, porcine, marine, and poultry), form (dry and liquid), application (food & beverages [beverages, confectionery, dairy products, meat & fish products, and other food & beverage products], pharmaceuticals, nutraceuticals, personal care, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on source, the bovine segment is expected to account for the largest share of 39.2% of the collagen peptides market in 2024. The segment’s large share is mainly attributed to its several health benefits, such as skin health, tendon reinforcement, bone loss prevention, improved digestion, and relief from arthritis. This makes bovine collagen peptides one of the widely used and accepted collagen peptides.

However, the marine segment is projected to witness the highest growth rate during the forecast period of 2024–2031. This growth is driven by their environmental sustainability and hypoallergenic nature, which make them highly desirable among health-conscious consumers. Marine collagen peptides, derived primarily from fish, are celebrated for their superior bioavailability and efficacy in skin health applications. In addition, these collagens are free from calcium and fat and support the utilization of waste products.

Based on form, the dry segment is expected to account for the larger share of 60.6% of the collagen peptides market in 2024. The segment’s large share is mainly attributed to its several advantages, including convenience, long shelf life, ease of use & storage, and cost-effectiveness. Additionally, collagen peptides in dry form have excellent blending qualities. These can be used in multiple food products, such as coffee, smoothies, dairy goods, snacks, soups, and sauces.

However, the liquid segment is projected to witness the highest growth rate during the forecast period of 2024–2031. This segment’s high growth is driven by its superior bioavailability compared to dry-form collagen peptides, allowing for quicker and more efficient absorption by the body, which enhances their effectiveness. This makes them particularly appealing to consumers looking for rapid results in areas such as skin health, joint support, and overall wellness.

Based on application, the food & beverages segment is expected to account for the largest share of 34.6% of the collagen peptides market in 2024. The large market share of this segment can be attributed to the vast applications of collagen peptides across the food & beverages industry due to their ability to easily get absorbed in the intestine, thickening food, and texturing properties. In addition, collagen peptides are widely used as a functional ingredient in food & beverage products, owing to their ability to enhance the quality, health value, and nutrition of different food items. These factors contribute to the segment’s large share.

However, the nutraceuticals segment is projected to witness the highest growth rate during the forecast period of 2024–2031. This segment’s high growth is driven by the rising demand for well-being products such as powders, capsules, or drinks with nutritional values, the increasing popularity of natural and functional ingredients, the growing use of nutraceuticals for weight management across the globe, and the rise in bones and joints problems among the aging population.

Based on geography, in 2024, Europe is expected to account for the largest share of 32.5% of the collagen peptides market. Europe's collagen peptides market is estimated to be worth USD 439.4 million in 2024. The large share of this region is attributed to several key factors, including the growing consumer awareness regarding health, the rising aging population, the well-established cosmetics and personal care industry, and the increasing collagen peptides demand from end-use industries such as food & beverages, pharmaceuticals, and nutraceuticals, among others. Moreover, the rising demand for packaged products in countries such as Germany and the U.K. also surges the demand for the products, as collagen peptides are easily soluble and tasteless, allowing them to be incorporated into packaged food products without altering their flavor or texture, making them an ideal ingredient for food manufacturers.

However, the market in Asia-Pacific is slated to register the highest growth rate during the forecast period. The growth of this regional market is driven by the increasing number of food manufacturers and the prevailing food processing industry, particularly in China and India, growing disposable incomes, rapid population growth, rising awareness of nutrition and personal well-being, steady pace of industrialization, high spending on personal care products, and abundant availability of raw material for collagen peptides manufacturing.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5932

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of source, form, application, and geography?
What is the historical market size for collagen peptides across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the collagen peptides market?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
What is the competitive landscape like in the collagen peptides market?
What are the different strategies adopted by the major players in the collagen peptides market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the collagen peptides market, and how do they compete with other players?

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Redding, California - June 19, 2024

Collagen Peptides Market to be Worth $1.35 Billion by 2031

Collagen Peptides Market Size, Share, Forecast, & Trends Analysis by Source (Bovine, Porcine, Marine), Form (Dry, Liquid), Application (Food & Beverages [Confectionery, Dairy, Meat & Fish Products], Pharmaceuticals, Personal Care) - Global Forecast to 2031

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