According to the report titled ‘Global Collagen Peptides Market Size study with COVID-19 Impact, by Application (Food & Beverages, Nutritional Products, Cosmetics & Personal Care Products and Pharmaceuticals), by Source (Bovine, Porcine and Marine & Poultry), by Form (Dry and Liquid) and Regional Forecasts 2020-2027’, available with Market Study Report, global collagen peptides market was valued at USD 528.4 million in the year 2019 and is expected to expand with a CAGR of 5.8% during 2020-2027.
 

Surging product demand from medical applications, along with its increasing usage in food & beverage sector, and utilization in cosmetics & personal care products are driving the growth of global collagen peptides market. In addition, introduction of new products with collagen peptides and planned alliances by leading firms will also contribute to the market outlook.
 

Collagen peptide protein is produced in the body in order to prevent dermal layers of skin from developing skin folds. It aids in recovery of bones as collagen peptide is protein rich. It is also used as medical or cosmetic collagen in various skin creams as well as formulations to moisturize skin and reduce wrinkles.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2730756/
 

Citing an instance, Gelita AG, a Germany based Firm, entered into an agreement with Geltor Inc., a U.S. based bio design company, in October 2019, for development of ingestible animal-free collagen proteins, which will we launched in late 2020. As per the contract, Gelita will handle clinical research and marketing of the product, while Geltor will design as well as produce premium bio designed collagen. Such partnership among industry leaders will create growth prospects for global collagen peptides market.
 

However, the outbreak of COVID-19 and subsequent lockdowns imposed by government in several economies, have resulted in disruptions in the supply chain and manufacturing processes, thus negatively impacting the market growth. Besides, shifting consumer preference towards vegan diets may hamper global collagen peptides market expansion over the analysis timeframe.
 

Based on application spectrum, global collagen peptides market is divided into pharmaceuticals, cosmetics & personal care products, nutritional products, and food & beverages. Speaking of source type, the industry is segmented into marine & poultry, porcine, and bovine. Moving on to form type, global collagen peptides industry is bifurcated into liquid and dry.
 

From regional perspective, the report states that Europe presently accounts for significant share of global collagen peptides industry, primarily driven by technological advancements in the region. Meanwhile, Asia Pacific collagen peptides market is projected to record considerable growth over the assessment period.
 

Leading organizations in global collagen peptides market are Collagen Solutions, Ewald-Gelatine GmbH, Weishardt, Lapi Gelatine SpA, Gelnex Gelatin, Nitta Gelatin India Ltd., Darling Ingredients Inc., Holista CollTech Ltd., Gelita AG, and Tessenderlo Group.