According to the latest report from SNS Insiders, The Collagen Peptides Market size was valued at USD 2.23 Billion in 2023 and is anticipated to burgeon to USD 5.34 billion by 2031, exhibiting a commendable CAGR of 11.8% over the forecast period of 2024-2031.
The collagen peptides market is witnessing robust growth attributed to the increasing demand for functional and nutritional ingredients in the food, beverage, and dietary supplements industries. Collagen peptides, also known as hydrolyzed collagen or collagen hydrolysate, are derived from collagen-rich animal sources such as bovine hide, fish scales, and poultry bones. These peptides are valued for their bioactive properties, including promoting skin health, supporting joint function, and enhancing muscle recovery. As consumers become more health-conscious and seek natural solutions for maintaining overall well-being, the demand for collagen peptides as a dietary supplement and functional food ingredient is experiencing a surge.
Moreover, the collagen peptides market is driven by advancements in extraction technology, formulation techniques, and product innovation, enabling manufacturers to develop a wide range of collagen peptide-based products with enhanced bioavailability, taste, and functionality. Additionally, there is a growing demand for clean-label and sustainable collagen peptides sourced from grass-fed animals, wild-caught fish, and organic poultry, aligning with consumer preferences for natural, ethical, and traceable ingredients. These developments in collagen peptide production and sourcing methods cater to the evolving needs of health-conscious consumers seeking high-quality and transparent nutritional supplements and functional foods.
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Some of the Key Players Included are:
The major key players are Tessenderlo Group, Darling Ingredients, GELITA AG, Holista Colltech, Collagen Solutions Plc, Nitta Gelatin India Limited, Amicogen, Gelnex, FOODMATE CO., LTD., and Ewald-Gelatine GmbH., and other key players will be included in the final report.
Market Report Scope:
Collagen, a vital component in skin structure, undergoes degradation over time, leading to diminished skin thickness and strength, consequently contributing to the aging process. Collagen peptides, prevalent in cosmetic and personal care products, are deployed in creams and supplements for bone health. Additionally, collagen peptides feature prominently in personal care merchandise, including soaps, shampoos, lotions, and facial creams. As the global population ages and per capita incomes rise, the demand for collagen peptides in cosmetics and personal care items is poised for significant growth. However, cultural and regional norms, such as dietary restrictions based on religious beliefs, pose challenges to market expansion. For instance, certain communities abstain from consuming specific animal-derived products, restricting market potential in those regions. Moreover, changing dietary patterns and an increase in snacking habits contribute to a rise in nutritional deficiencies, amplifying the demand for collagen peptide products and driving market growth.
Market Analysis:
Collagen Peptides Market is experiencing robust growth due to a growing awareness among consumers regarding the health benefits associated with collagen peptides, particularly in terms of skin health, joint function, and overall well-being. This increased awareness is driving demand for collagen-based supplements and functional food products. Additionally, advancements in technology have led to improved manufacturing processes, resulting in higher-quality collagen peptides that are more readily absorbed by the body. Moreover, the aging population worldwide is fueling demand for anti-aging products, including collagen supplements and skincare products, further boosting market growth. Furthermore, the rise of lifestyle-related ailments such as arthritis and osteoporosis has prompted consumers to seek preventative measures, including the incorporation of collagen peptides into their diets.
Segment Analysis:
By source, bovine-derived collagen dominated the market in 2023 due to its widespread availability and suitability for various applications. In terms of application, the food & beverages segment held the highest revenue share over the market, driven by the incorporation of collagen peptides in functional food and beverage products, catering to the burgeoning health-conscious consumer base.
By Source
l Bovine
l Porcine
l Marine
l Poultry
By Form
l Dry
l Liquid
By Application
l Food and Beverage
l Nutritional Products
l Cosmetics & Personal Care
l Pharmaceuticals
Impact of Russia-Ukraine War:
The Russia-Ukraine conflict affected the Collagen Peptides Market, primarily affecting the supply chain and production capabilities of key market players. Disruptions in trade routes and uncertainties surrounding geopolitical tensions have led to supply shortages and escalated production costs, thereby impeding market growth. Moreover, fluctuating currency values and economic instability in the region have exacerbated the challenges faced by industry stakeholders.
Impact of Economic Slowdown:
The global economic slowdown has affected across various sectors, including the Collagen Peptides Market, dampening consumer purchasing power and curtailing expenditure on non-essential items. Consequently, market growth has been hampered by reduced consumer demand and limited investments in product innovation and expansion initiatives.
Key Regional Developments:
North America emerged as the dominant force in the market, attributable to the region's robust healthcare infrastructure, escalating healthcare expenditure, and widespread adoption of collagen peptide-based products. Asia Pacific is poised to witness substantial growth, fueled by increasing consumer awareness regarding health and wellness, rapid urbanization, and the burgeoning geriatric population.
Key Takeaways for Collagen Peptides Market:
· The Collagen Peptides Market is propelled by shifting consumer preferences towards health and wellness products.
· Technological advancements in manufacturing processes contribute to the production of high-quality collagen peptides.
· Bovine-derived collagen dominates the market, while the food & beverages segment leads in application.
Recent Developments:
· In March 2023, Darling Ingredients Inc. concluded the acquisition of Gelnex, a prominent producer of collagen and gelatin products, bolstering its market presence.
· Tessenderlo Group inaugurated a fish-based collagen peptide plant in China in March 2023, signaling the company's commitment to expanding its product offerings and market reach.
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