Global Collagen Peptides Market Size, Share, Growth Analysis, By Form(Dry and liquid ), By Source(Bovine, porcine) - Industry Forecast 2023-2030

Global Collagen Peptides Market size was valued at USD 630.5 million in 2021 and is poised to grow from USD 667.07 million in 2022 to USD 1047.26 million by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).

The global collagen peptides market has experienced substantial growth recently and is poised for continued expansion. Derived from collagen-rich sources like animal bones and skin, collagen peptides have garnered attention for their diverse health benefits and broad applications across industries. The market's growth is driven by growing consumer awareness of the importance of maintaining healthy skin, hair, and nails, as collagen peptides are known for enhancing skin elasticity, reducing wrinkles, and promoting hair and nail growth. Additionally, the aging population worldwide has contributed to the market's expansion, as collagen peptides offer potential support for joint health and bone density, addressing age-related issues. The food and beverage sector has also played a significant role, as collagen peptides are increasingly integrated into products to enhance texture, stability, and nutritional value.

Top-down and bottom-up approaches were used to estimate and validate the size of the global collagen peptides market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

Global Collagen Peptides Market is segmented on the basis of form, source, and region. By form, the market is segmented into dry and liquid. By source, the market is segmented into bovine, porcine, marine & poultry, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers:

Growing Aging Population

With the ongoing global aging trend, age-related health problems like joint pain, osteoporosis, and skin aging are on the rise. Collagen peptides have garnered widespread attention as a natural remedy for these issues, offering benefits like enhanced joint mobility, increased bone density, and improved skin elasticity, making them a compelling option for the aging demographic.

Expanding Beauty and Personal Care Industry

The beauty and personal care sector has experienced substantial expansion, driven by consumer demand for products that improve their aesthetics and preserve a youthful appearance. Collagen peptides have emerged as a pivotal component in anti-aging skincare items, playing a crucial role in the industry's growth.

Restraints:

Stringent Regulations

The collagen peptides industry must adhere to diverse international regulations and quality benchmarks, which can pose difficulties for manufacturers, necessitating substantial investments in research, testing, and certification to ensure compliance.

Availability of Alternatives

The increasing consumer interest in collagen-based products has given rise to alternatives like plant-based collagen and other bioactive peptides. These alternatives, while potentially offering similar advantages, diversify consumer choices and may influence the conventional collagen peptides market's growth.

Market Trends:

The burgeoning utilization of collagen peptides in sports nutrition is on the rise, as they gain recognition for their ability to aid in muscle recovery, boost athletic prowess, and maintain robust joints and connective tissues. This expanding market is witnessing the introduction of collagen-infused protein powders, bars, and beverages tailored to the needs of fitness enthusiasts and athletes.

The rising trend of marine collagen peptides, extracted from fish scales and skin, is driven by their superior bioavailability and alignment with human collagen. These peptides provide comparable advantages to conventional collagen peptides, coupled with the eco-friendly sourcing from sustainable marine reservoirs. There is a growing market demand for marine collagen peptides in diverse sectors such as cosmetics, nutraceuticals, and functional foods.