[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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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
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 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.
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Collagen Peptides Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 998.95 Million |
Market Size by 2030 | US$ 1,490.99 Million |
Global CAGR (2023 - 2030) | 5.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2030 |
Segments Covered |
By Source
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Collagen Peptides Market 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.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Collagen Peptides Market are:
- GELITA AG
- Rousselot BV
- Titan Biotech Ltd
- Tessenderlo Group NV
- Ewald-Gelatine GmbH
Disclaimer: The companies listed above are not ranked in any particular order.
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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
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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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 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 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.
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.
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.
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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.