Market Research Report
Collagen Peptide Market - Growth, Trends, Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||866618|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Collagen Peptide Market - Growth, Trends, Forecast (2019 - 2024)|
|Published: April 1, 2019||Content info: 100 Pages||
Global collagen peptide market is forecasted to reach USD 1.12 billion by 2024 growing at a CAGR of 7.01% during the forecast period (2019 - 2024).
Global collagen peptide market is segmented by Source (Animal Based Collagen Peptides and Marine Based Collagen Peptides); Application as Food and Beverages (Dietary Supplements, Functional Food, Others) and Beauty and Personal Care products; and Geography.
Increasing Use of Collagen and Collagen Derivatives As An Additive
Wide application spectrum of collagen as a food additive in food and beverages and sports nutrition has been a driving factor for the global collagen and its derivatives market. Collagen derivatives has been used as a protein dietary supplement, carrier, food additive, edible film, and coating and the functional role of collagen peptide in the food & beverage industry is to improve the elasticity, consistency, and stability of food products. Furthermore, collagen also enhances the quality, nutritional, and health value of the products. In the form of films or coatings, collagen can function as a carrier of active substances, such as antioxidants, antimicrobials, colors, and flavors. Such enhanced roles further drive the demand for collagen peptide as a food additive.
Asia-Pacific is Likely to Experience the Highest Growth Rate
Collagen peptide-based nutricosmetics and beauty-from-within beverages occupy the maximum shares in Europe and North America. This is due to high consumer awareness on various collagen derivatives like peptides and gelatin. However, developed countries in Asia-Pacific like Japan, Australia, have a major share in the collagen market, due to high usage in cosmetic and personal care products. South Korea is also one of the prominent markets for collagen peptide skin care products. The market is anticipated registering a slower growth rate due to high product pricing. On the other hand, owing to increasing disposable income and fast-paced industrialization, developing nations, like India, have a significant potential for growth.
The global collagen peptide market is primarily dominated by a few top players. The market has a large number of domestic players. Thus, the threat of new entrants is moderately high, as the market is highly profitable. New product launches, market expansion, partnerships, are the preferred strategic approaches adopted by most companies involved in the collagen peptides business. Owing to the product expansions and increasing applications of collagen peptides in the dietary supplements and functional food, the global players in the collagen peptides market adopt new product launch, as their key strategy. The most active companies worldwide are - Rousselot, Gelita AG, Nitta Gelatin Inc., Reinert Gruppe, Holista Colltech Ltd, PB Gelatins GmbH, Weishardt Gelatines, and Junca Gelatines.