August 27, 2020
According to the research report titled ‘Collagen Market Size By Product, By Source, By Dosage Form, By Application Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global collagen market is anticipated to grow significantly over 2020-2026.
Increasing adoption of collagen in functional food verticals as well as bakery & confectionary verticals is the key factor bolstering the growth of global collagen market.
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For the uninitiated, collagen is the primary structural protein found in the human body. It accounts for one third of the total protein present in the body and is found abundantly in skin, tendons, bones, and muscles. Basically, collagen is the protein that is responsible for providing structure and strength to the body. It is a hard, insoluble, and fibrous protein that acts as a protective covering for delicate organs.
Collagen offers various benefits such as bone density retention, increase in muscle mass, joint pain relief, and improved health of skin as well as heart rate, which in turn has augmented the demand for collagen-infused products, and is stimulating the overall market outlook.
Based on the product landscape, the report states that the peptides segment accounted for around 40% of the market share in the year 2019 and is estimated to grow significantly over the forecast period.
With regards to source, the market is segmented into porcine, marine, bovine, and others. The others segment is anticipated to exhibit a robust CAGR of 3.5% over 2020-2026.
Moving on to dosage form, the capsule segment of global collagen market is estimated to register a healthy CAGR of 5% through 2026, owing to increasing consumption of joint & bone health supplements.
Elaborating on the application spectrum, the bakery & confectionary sub-segment of the food segment reflected a revenue of around USD 330 million in the year 2019.
On the other hand, the functional food segment is projected to register a CAGR of 5.5% over 2020-2026.
As per the regional analysis of the report, Latin America currently accounts for 8% market share and is poised to generate appreciable returns in the ensuing years, primarily due to rising consumption of animal protein products.
Alternatively, Middle East & Africa fish collagen peptides market is estimated to grow with a 3% CAGR from 2020 to 2026.
The key players of worldwide collagen market are Norland Products, Inc., ChinaTech Peptide Co., Ltd., Amicogen, Inc., Rousselot, Gelnex Gelatin, Vital Proteins, Nutra Food Ingredients LLC, Connoils LLC, Junca Gelatines, S.L., Vinh Hoan Corporation, Nippi, Inc., Darling Ingredients Inc., Weishardt Holding SA, Nitta Gelatin NA Inc., and Gelita AG among others.