February 12, 2021
According to a recent study titled ‘Global Collagen Peptides Market Analysis, 2020’, available with Market Study Report LLC, global collagen peptides industry size is set to expand at an appreciable CAGR of 9.5% over 2020-2025.
Industry experts cite that developing consumer consciousness regarding and personal care is augmenting global collagen peptides market growth.
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For those unfamiliar, collagen peptides or hydrolyzed collagen are formed from enzymatic hydrolysis process of collagen. They are cold-soluble, easily digestible, and highly bioactive sources of collagen.
Based on form, dry segment captured majority of the overall collagen peptide industry share in 2019. Owing to solubility characteristics of the ingredient, it is widely used across several verticals like pharmaceutical and cosmetic. Moreover, increasing product use in food applications due to its excellent blending properties is boosting the segmental share. Besides, escalating demand for anti-aging collagen creams and nutraceuticals products particularly in developing countries is compelling cosmetics & personal care product manufacturers to utilize fish collagen powder in their products, further enhancing the segment growth.
Considering the application scope, global collagen peptides market share from nutritional products is witnessing strong gains, largely driven by rise in bone and joint problems among the geriatric population, and growing demand for sports nutrition products to stimulate trigger muscle development. These factors have propelled the use of collagen peptides in nutritional products, ultimately reducing injury risk and improving athletic performance.
Meanwhile, personal care & cosmetics segment is set to grow profusely over the forecast period. The rise of beauty industry in both developing and developed nations has surged the use of collagen peptides in beauty products. Additionally, the colossal jump in urban population as well as aging population have catapulted the consumption of such beauty products.
Apart from this, the market is studied in terms of collagen source, geographical scope, and competitive dashboard.
Prominent companies profiled in global collagen peptides industry report are Foodmate, Crescent Biotech, Weishardt, Lapi Gelatine S.p.A., Gelnex, Nitta Gelatin India Ltd., Darling Ingredients, Holista Colltech Ltd., Gelita AG, and Tessenderlo Group.