Collagen peptide is a form of collagen that is highly bioactive and water soluble. Collagen is the protein that literally holds the body together and is widely found in bones, skin, muscles, and tendons. Collagen peptides are known for their nutritional properties and are widely used as an additive in the food & beverage industry. They are also used in pharmaceutical and personal care products.
The growing use of collagen peptides in the food & beverages industry and in nutrition-based products and supplements is going to drive the global market for collagen peptides. The global collagen peptides market is expected to register a CAGR of 4.4% during 2019 to 2024.
As mentioned already, the growth of the global market will be fueled by the increasing use of collagen peptides in food and nutritional products. The use of collagen peptides in the healthcare industry will also see a rapid increase in the coming years with growing awareness about preventive healthcare.
Collagen supplements are being increasingly used for bone, muscle, and joint-related health problems. So, the dietary supplements industry is a major end-user for collagen peptides and this industry will play a key role in the growth of the global market.
In nutrition-based product, collagen peptide is mainly used for its high protein content. This is the reason why it is widely used in products like protein powders, energy bars, and protein drinks. It is also used in anti-inflammation and joint cartilage supplements. The use of collagen peptides in these products will increase further in the coming years, which will give a major boost to the growth of the global market.
The North American collagen peptides market will continue to play an important role in the growth of the global market. However, the Asia-Pacific region is projected to display the highest growth rate in the global market, owing increasing consumer awareness about the health benefits of collagen-based products and the growing beauty products industry in South Korea and Japan. The Asia-Pacific market for collagen peptides will be dominated by China and India.
The global collagen peptides market is presently being dominated by players like Rousselot B.V., Gelita Ag, Holista Colltech Limited, Ewald-Gelatine Gmbh, Italgelatine, Junca Gelatines S.L, Lapi Gelatine, Darling Ingredients Inc., Nitta Gelatin Inc.,The Tessenderlo Group, Gelita AG, Kenney & Ross Limited, and Gelnex.
These key global players are investing heavily in R&D, which is paving the way for the launch of several new products in the market. They are also entering into mergers & acquisitions in order to enhance their product portfolio, which will also have a favorable impact on the global market.