Collagen Peptides Market Dynamics and Trends by 2030

[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

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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.

Market Insights

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.

Application-Based Insights

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.

Collagen Peptides Market Regional Insights

The regional trends and factors influencing the Collagen Peptides Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Collagen Peptides Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Collagen Peptides Market Report Scope

Collagen Peptides Market Players Density: Understanding Its Impact on Business Dynamics

The Collagen Peptides Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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