[Research Report] The collagen peptides market was valued at US$ 998.95 million in 2023 and is projected to reach US$ 1,490.99 million by 2030; it is expected to register a CAGR of 5.9% from 2023 to 2030.
The global collagen peptides market is highly competitive, with a large number of local, regional, and global manufacturers competing based on product quality and innovation. A few collagen peptide manufacturers have received kosher and halal certifications, enhancing their competitive position in the global market. For instance, Rousselot, one of the significant collagen manufacturers, has halal and kosher-certified production units. Moreover, the company has also received IFS, ISO 9001, GMP+, and FCA certifications, enhancing its market position. Manufacturers also invest in product innovation and new product development to meet the changing customer preferences. For instance, Evonik Industries Inc., has recently launched vegan-friendly collagen using a fermentation process. This initiatives is expected to offer lucrative opportunities to manufacturers in the global collagen peptides market
In 2022, North America held the largest share of the global collagen peptides market, and Asia Pacific is estimated to register the highest CAGR during the forecast period. Collagen peptide is used in various supplement formats, such as powders, capsules and tablets, and gummies, among others. High demand for nutraceuticals in the region majorly drives the sales of collagen peptides. Hence, the nutricosmetics industry increasingly incorporates collagen peptides to fulfill consumer requirements. In addition, collagen peptide is effective in bone atrophy, loss of bone density, and bone stability. Therefore, the wide scope of application is driving the demand for collagen peptides across the region.
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Collagen Peptides Market: Strategic Insights
Market Size Value in US$ 998.95 million in 2023 Market Size Value by US$ 1,490.99 million by 2030 Growth rate CAGR of 5.9% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Collagen Peptides Market: Strategic Insights
| Market Size Value in | US$ 998.95 million in 2023 |
| Market Size Value by | US$ 1,490.99 million by 2030 |
| Growth rate | CAGR of 5.9% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Collagen Peptides Market
The rising consumption of functional food and beverage products, dietary supplements, and the high demand for protein-rich products are the key factors that boosted the growth of the collagen peptides market before the onset of the COVID-19 pandemic. However, these industries faced unprecedented challenges after the outbreak in 2020.
In 2021, various economies resumed operations as governments of several countries announced relaxation in the previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. As numerous citizens of many countries were fully vaccinated by 2021, the collagen peptide manufacturers focused on increasing their production to revive their businesses.
Collagen Peptides Market Breakdown, by Region
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Market Insights
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Surging Demand for Marine-Sourced Collagen Peptides to Boost Collagen Peptides Market Growth
Marine organisms such as fish, jellyfish, sponges, and other invertebrates harbor a significant source of collagen peptides. They are highly advantageous over other sources, as they are metabolically compatible, lack religious constraints, and are free of animal pathogens. Moreover, marine-sourced collagen peptides can be used as a biomaterial owing to their water solubility and metabolic compatibility. Thus, the demand for marine-sourced collagen peptides is increasing with the rising utilization for different industrial applications.
Furthermore, marine-sourced collagen peptides do not foster transmissible diseases. Land animals possess many transmissible diseases, making them less favorable for industry use. For example, cattle, although a large source of collagen, pose risks for BSE and TSE. These factors make marine sources of collagen peptides a much easier, safer, and more promising alternative. Thus, with increasing demand, manufacturers are launching different products. For instance, in January 2021, Darling Ingredients introduced Peptan, a marine collagen peptide under its Rousselot brand. This product helps the company to enter the dietary supplements market. Thus, the growing demand for marine-sourced collagen is expected to open new opportunities in the collagen peptides market during the forecast period.
Source-Based Insights
Based on source, the collagen peptides market is divided into bovine, porcine, poultry, marine, and others. The bovine segment held the largest share of the market in 2022, whereas the marine segment held the fastest growth during the forecast period. Marine collagen peptides are mainly obtained from different fish varieties, jellyfish, and sponges. Thus, the demand for marine-sourced collagen peptides is increasing as a substitute for bovine and porcine, which is projected to impact the collagen peptides market growth.
Collagen Peptides Market, by Source – 2023 and 2030
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Application-Based Insights
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Based on application, the collagen peptides market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment is expected to register the highest CAGR during the forecast period. In dairy products, it is used as a texturization and stabilization agent. Collagen hydrolysates can attach calcium ions, improving their bioavailability. Thus, collagen peptides can be used in functional food ingredients to manage mineral deficiencies.
Collagen peptides can be beneficial for foods that require storage in cold or freezing temperatures because it acts as an anticoagulant and helps decrease the damage in cells and tissues. Collagen peptides help increase and maintain the product’s sensorial, physical, and chemical properties. Thus, owing to the abovementioned properties, collagen peptides have been used in the preparation of different products such as meat, beverages, and soups.
The major players operating in the collagen peptides market are GELITA AG, Rousselot BV, Titan Biotech Ltd, Tessenderlo Group NV, Ewald-Gelatine GmbH, BioCell Technology LLC, Lapi Gelatine SpA, Weishardt Holding SA, Nippi Collagen NA Inc, and Nitta Gelatin India Ltd. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share.
Report Spotlights
- Progressive industry trends in the collagen peptides market to help companies develop effective long-term strategies
- Business growth strategies adopted by the market players in developed and developing countries
- Quantitative analysis of the market from 2022 to 2030
- Estimation of global demand for collagen peptides
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the collagen peptides market
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and growth drivers and restraints in the collagen peptides market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the collagen peptides market at various nodes
- A detailed overview and collagen peptides industry dynamics
- Size of the collagen peptides market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Form, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on the application, food and beverages segment is projected to grow at the fastest CAGR over the forecast period. Collagen peptides are used in various food and beverages such as dairy products, confectioneries, and beverages. It improves the chewiness, foam stabilization, and texture of confectioneries. Additionally, in dairy products, it is used as a texturization and stabilization agent. Collagen peptides act as a binding agent for ingredients used in nutritional bars, enhancing their softness. As a result of increased health consciousness, food manufacturers prefer collagen peptides to develop nutritious food products. Collagen hydrolysates can attach calcium ions, improving their bioavailability. Thus, collagen peptides can be used in functional food ingredients to manage mineral deficiencies.
Strategic development initiatives by key market players are driving the collagen peptides market. Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020. Under this partnership, Faravelli distributes food and pharmaceutical gelatins, hydrolyzed collagens, and biomedical gelatins across Italy. Thus, expanding businesses to other regions or countries to cater to the increasing demand by consumers drives the market growth. Such development strategies by collagen peptide manufacturers extend their reach and gain a competitive edge in international markets.
North America accounted for the largest share of the global collagen peptides market. Collagen peptide-based supplements are becoming increasingly popular, particularly for the prevention and treatment of arthritis. Geriatric population of North America are opting for bone and joint health supplements to improve and maintain their health and well-being. According to the Centers for Disease Control and Prevention (CDC), November 3, 2021 report, ~54 million people in the US were diagnosed with severe joint pain caused by arthritis. In the US, 24% of all adults, or 58.5 million people, have arthritis. Owing to the high frequency of arthritis, collagen peptide-based supplements for bone and joint health are in high demand in North America.
The major players operating in the global collagen peptides market are GELITA AG, Rousselot BV, Titan Biotech Ltd, Tessenderlo Group NV, Ewald-Gelatine GmbH, BioCell Technology LLC, Lapi Gelatine SpA, Weishardt Holding SA, Nippi Collagen NA Inc, and Nitta Gelatin India Ltd.
Surging Demand for marine-sourced collagen peptides to provide potential market opportunities in the coming years for the collagen peptides. Marine organisms such as fish, jellyfish, sponges, and other invertebrates harbor a significant source of collagen peptides. They are highly advantageous over other sources, as they are metabolically compatible, lack religious constraints, and are free of animal pathogens. Marine-sourced collagen peptide is majorly used for skincare product manufacturing. It is a versatile compound capable of healing skin injuries of varying severity and delaying the natural human aging process. Moreover, marine-sourced collagen peptides can be used as a biomaterial owing to its water solubility and metabolic compatibility. Thus, the demand for marine-sourced collagen peptide is increasing with its rising utilization for different industrial applications.
Based on source, bovine segments mainly have the largest revenue share. Bovine-based collagen peptide is a common food additive and supplement. It is primarily extracted from cows. The consumption of bovine collagen helps improve skin health and prevent bone loss. The body’s collagen production naturally decreases with age, and the deficiency can cause health issues related to bone, joints, and skin. Individuals exposed to excess sunlight are also at risk of decreased collagen production. Bovine collagen peptides supplements may help counter the effects of low collagen levels. Boiling cow bones or other cattle byproducts in water produces this collagen type. After the collagen is extracted in an aqueous solution, it is dried and powdered to form a final product. Bovine collagen has been found to improve Type I and III collagen levels in the human body. The skin is primarily built up of Types I and III collagen; thus, its intake in specified quantities helps reduce wrinkles, promote elasticity, and increase skin moisture.
The List of Companies - Collagen Peptides Market
- GELITA AG
- Rousselot BV
- Titan Biotech Ltd
- Tessenderlo Group NV
- Ewald-Gelatine GmbH
- BioCell Technology LLC
- Lapi Gelatine SpA
- Weishardt Holding SA
- Nippi Collagen NA Inc
- Nitta Gelatin India Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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