According to the report “Collagen Peptides Market by Application (Food & Beverages, Nutritional Products, Cosmetics & Personal Care Products, and Pharmaceuticals), Source (Bovine, Porcine, and Marine & Poultry), Form (Dry and Liquid) and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Collagen Peptides Market size is estimated to be valued at USD 631 million in 2021 and is projected to reach USD 828 million by 2026, recording a CAGR of 5.6% during the forecast period in terms of value. It is driven by increasing applications in the food & beverage sector including functional foods, therapeutic food, dietary supplements, sports nutrition, and beverages. Consumers have started opting for healthy diets, owing to the increasing awareness about health & wellness, and changing lifestyles. Collagen peptides are being used in various food and beverage products as an ingredient because of their versatile nature.
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The marine & poultry sourced collagen peptides are projected to grow at the highest CAGR in the global market.
Based on source, marine & poultry segment is forecasted to grow at the highest CAGR from 2021 to 2026. Marine collagens are extracted from different sources, which include fishes and invertebrate marine animals such as jellyfish and sponges. Collagen peptides extracted from fish are relatively smaller in terms of the type of peptide composition. These increase digestibility and are absorbed and distributed easily in the body.
The nutritional products segment was the largest application in the global collagen peptides market.
Nutritional products was the largest application segment in the global market. In recent years, nutritional products such as supplements and sports nutrition infused with collagen peptides have gained huge popularity among consumers due to their effectiveness. These products containing collagen peptides are easy to absorb and more bioavailable. Also, these products contain unique nutritional and amino acids profiles as collagen peptides are fat and carbohydrate-free.
Dry segment is anticipated to be the fastest-growing form in the global collagen peptides market.
The dry form of collagen peptides is available as agglomerated or fine powder. The powder form is majorly used in various industries, owing to its quick solubility behavior. Powdered collagen peptides showcase excellent blending properties. Owing to this it is increasingly used in various food applications. These can be added to most food applications, including coffee, smoothies, dairy products, snacks, soups, & sauces, and confectionery products.
Europe is the largest region in the collagen peptides market in the forecast period
Europe is the largest region in the global collagen peptides market in the forecast period. The presence of major collagen peptides manufacturers such as Tessenderlo Group (Belgium), GELITA AG (Germany), Lapi Gelatine S.p.a. (Italy), Weishardt Group (France), Gelnex (Brazil) among others, further drives the market in the region.
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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Tessenderlo Group (Belgium), GELITA AG (Germany), Holista Colltech (Australia), Darling Ingredients (US), Nitta Gelatin (Japan), Gelnex (Brazil), Lapi Gelatine S.p.a. (Italy), Weishardt Group (France), Ewald-Gelatine (Germany), and Collagen Solutions plc (UK).