According to BlueWeaves Consulting, Global Collagen Peptide Market size is expected to reach USD 4,778.40 Million by 2026 from USD 3,677.63 Million in 2019 at a CAGR of 3.89% over the forecast period 2020-2026. The growth of the global food processing industry, consumer awareness, and prevalence of lifestyle diseases has caused a paradigm shift in the consumption of food. The food formula containing protein is preferred for various health reasons. Nutra-ceutical and functional foods help prevent age-related diseases and are extensively consumed worldwide, giving opportunities for more product experimentation.
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The rising wellness concerns among global population and increasing focus on protein intake drive the Global Collagen Peptide Market, particularly in developed countries such as the US and Canada. Besides, the collagen peptides industry is expected to receive continuous investments from manufacturers due to various uses and demand. Consequently, new product launches in the food and beverage, cosmetics, and pharmaceutical industries are expected during the projected period.
Collagen is an animal protein, which can be derived from bones, skin or connective tissues of cattle, fish, rabbit, horses or pigs. Collagen peptides are a versatile protein source, and their nutritional and physiological properties improve bone and joint health and lead to beautiful skin. They increase bone density, relieve joints pain and help reduce wrinkles & roughness of skin. The collagen peptide industry is in the process of development, with numerous players often adapting and discovering the benefits that it provides to the consumers.
In respect of source, the market is segmented into Bovine, Porcine, and Marine & Others. Among all sources, the Bovine segment is anticipated to develop at a faster pace during the projection period due to easy availability and biocompatibility of beef. It will be followed by Marine source as fish are considered the best in terms of absorption rate, little fat and a high percentage of proteins. Also, its high bioavailability compared to other animal-derived collagen peptides makes it more appropriate for medical purposes.
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North America holds the major share and is expected to maintain it with significant CAGR in the Collagen Peptide Market over the projected period because of high use of personal care, pharmaceutical and nutra-ceutical products in the region. The regional players are expected to augment investments in this domain and continue new collagen-containing product launches in the food and beverage, cosmetics, and pharmaceutical industries. The development is attributed to a high degree of public awareness about the various benefits of these products and the increasingly growing beauty and nutritional products industry in American countries such as the United States and Canada. On the other hand, certain countries are anticipated to witness a substantial growth due to growing disposable income, rapid industrialization and various strategic initiatives of collagen peptide manufacturers.
“The leading companies” in the Collagen Peptide Market are Tessenderlo Group, Holista CollTech Limited, Darling Ingredients Inc., Nitta Gelatin Inc., Amicogen, Inc., Gelita AG, Advanced BioMatrix, Inc., Collagen Solutions Plc., LAPI GELATINE S.p.A., ITALGELATINE S.p.A., Nippi Inc. and others.
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