Global Collagen Peptides Market - 2023-2030

Global Collagen Peptides Market - 2023-2030

Market Overview

The global collagen peptides market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 5.12% during the forecast period (2023-2030).

Collagen peptides are collagen sources that are easily digestible, highly bioactive, and cold-soluble. These peptides are derived by breaking down the molecular bonds between individual collagen strands. It is an irreversibly hydrolyzed form of collagen. Hydrolysis reduces protein fibrils into smaller peptides with a wide range of molecular weights linked to physical and chemical denaturation methods. Collagen peptides are found in animal tissue and the cell-extracellular matrix. The use of collagen peptides is mainly in the fortification of food products, cosmetics, or consumption in the form of supplements. Collagen peptide has a vast use in sports nutrition and nutraceuticals. It is now also being used in functional food products and is mixed in various beverages, ice creams, smoothies, and shakes to boost an anti-inflammatory protein.

Furthermore, increasing consumer health consciousness due to the prevalence of various diseases, nutritional deficiencies, and a desire for healthy aging, among other factors, has increased market demand for functional and enhanced food and beverage products. Increased consumer awareness of nutrition has resulted in a demand for food products with specific functionalities that will meet their needs and help address different aspects of health. Moreover, a rise in demand for dietary supplements, an increase in the use of collagen in the food and beverage industry, the inclination of consumers toward a healthy and protein-rich diet, and an increase in applications of collagen peptides and gelatin in nutricosmetics, pharmaceuticals, and healthcare drive the growth of the global collagen peptides market.

Market Dynamics Growing collagen peptides market with high demand for healthy supplements for skin betterment and muscle recovery

There has been an increase in health awareness among people, leading them to consume nutritious and healthy supplements that boost immunity and prevent diseases. It, followed by their concern about how they look and how healthy their skin & joints are, may drive the collagen peptides market's growth. The hype in the cosmetic industry is another booster for the collagen peptides market. Products such as fruit juices, beer, and wine use collagen peptides as thickeners or clarifying agents. Collagen peptides are used in many food items as functional food ingredients. The major increase in demand for collagen peptides is due to their high source of protein, which plays a very important role in body nutrition. The growth in the food & beverage market is boosting the growth of the collagen peptides market. For instance, in October 2021, Ancient Nutrition announced the launch of a brand-new collagen peptide brand. Collagen peptides from this company support the health of the hair, skin, nails, joints, and gut. In this regard, collagen peptides for various verticals and their various benefits contribute to the growth of the collagen peptide market. The peptide improved the condition of crow's feet, reduced joint discomfort, aided joint recovery, and slowed collagen breakdown.

However, several aspects, such as concerns related to safety, an increase in the use of alternatives such as modified starch gels, pectin gels, carrageenan, high acyl gellan gum, and religious constraints, are projected to hamper the growth of the global collagen peptides market during the forecast period.

Market Segmentation

The food and beverage segment had the largest demand in the collagen peptides market

The food and beverage segment dominated the global collagen peptides market in 2021. The revenue growth of this segment can be attributed to collagen peptides' absorption capacity, texturizing, and thickening qualities. Thus, collagen peptides are widely used in the food and beverage industry. Collagen is one of the most important proteins in the human body, as it provides structural support to tissues and muscles. This aspect will boost the use of collagen peptides in nutritional products, boosting market revenue growth. Collagen peptides are added to beverages to improve the product's elasticity, smoothness, and stability. They also increase value in quality, dietary value, and health.

Moreover, collagen is unaffected by both high and low temperatures. Therefore, it can strengthen and increase the value of any product without changing its essential characteristics or advantages. North American and Europe's food and beverage industries highly demand dietary supplements and functional foods and beverages. For instance, in April 2021, Reneva Collagen Drink launched a new product formulation and found a green apple flavor. It is packed with 10 grams of collagen peptides that help to enhance lean muscle gain and muscle strength, boost metabolism, and increase fat loss in combination with moderate exercise.These factors will propel the growth of collagen peptides in the nutritional market in the forecasted years.

Geographical Penetration: North America is the dominating region during the forecast period

North America is predicted to dominate the global market and remain the fastest-growing region during the forecast period, providing numerous investment opportunities in the global market in the next few years. Collagen-based supplements are becoming increasingly popular in North America as a source of energy and nutrition. Due to their multifunctional qualities, collagen peptides are also being used in the healthcare business in the region to produce regenerative medications for arthritis control. These factors are expected to drive revenue growth of the market in the region throughout the forecast period. Moreover, the demand for collagen peptides in the cosmetics industry is booming in North America due to rising awareness regarding health and the increasing use of collagen peptides in the cosmetics industry. In addition, there were increased research and development activities to develop novel collagen drugs in the region. In addition, there were increased research and development activities to develop novel collagen drugs in the region. In addition to well-established infrastructure, technological advancements in innovative treatments, and favorable government support, the region dominates the global market for health care. Well-established collagen manufacturing facilities and advanced extraction technology drive the U.S. collagen market. As a result of increased R&D activities, novel drug formulations are likely to be developed. In turn, collagen-based products, like bone graft substitutes and wound repair products, are projected to be introduced, resulting in the growth of novel drug delivery systems.

Europe accounted for the second-largest market share for collagen peptides products. Sellers of collagen-based products will find significant opportunities in the region. On closer examination, however, it is apparent that collagen peptides are likely to face some challenges, including growing concerns about the quality of collagen-based products and an increasing threat from external substitutes, such as vegetables, to boost collagen-producing capability. The European collagen peptides market is likely to undergo retraining due to these factors.

Competitive Landscape

Collagen peptides are a highly fragmented market, and different market players are deploying various organic and inorganic growth strategies to compete for market share. There has been an increase in the level of competition in the market. It is forcing vendors to adopt various growth strategies, such as promotional activities and advertisements. It is to improve the visibility of their products to attract potential customers. It has also been observed that some vendors are adopting inorganic growth strategies such as mergers and acquisitions to remain competitive in the market. Some major players in the collagen peptides market are Tessenderlo Group, GELITAAG, Holista Coltech, Darling Ingredients, Nitta Gelatin, Gelnex, Lapi Gelatine S.p.A., Weishardt Group, Ewald-Gelatin, and Collagen Solutions plc. For instance, in May 2021, HolistaColltech received a $ 0.5 M grant from the Western Australian Government via the Collie Futures Industry Development Fund. It is done so that it can expand its manufacturing processes for collagen. With the help of this project, it will allow HolistaColltech to enhance its rate of manufacturing processes for higher-quality medical-grade collagen.

In February 2020, a business segment of Tessenderlo Group, PB Leiner, increased its operations by opening a new manufacturing facility in Argentina. This manufacturing facility is primarily for the collagen peptide line of products.

In January 2020, Darling Ingredients Inc. announced that it had acquired approximately 50% of the Intrexon Corporation-owned joint venture interest in EnviroFlight, L.L.C. As the company's overall market grows, Darling Ingredients Inc.'s ownership interest in EnviroFlight increases to 100%.

COVID-19 Impact: Positive impact on the global collagen peptides market

The global market for collagen peptides is expected to grow as people become more conscious of what they eat and how it impacts their bodies. People have started consuming collagen peptides for muscle building. During the crisis, many major players continuously strategized new tactics, such as launching new products and joint ventures, to capture the market. According to Information Resources, Incorporated (IRI) data, the demand for various dietary supplements has increased in the U.S. market. Since March 2020, the sales of accessories have risen by 6%. There has been a rise in the demand for vitamin C and protein supplements of more than 100%. The declaration of dietary supplements as an ""essential"" business has maintained the supply of these nutrients. For instance, in April 2020, GELITA AG, which provides collagen peptides, launched ""VERISOL,"" a new bioactive collagen peptide that enhances hair growth. The company found that in the study conducted on 44 women for 26 weeks, there was a 31% increase in hair growth due to the administration of bioactive collagen peptides (BPC).

The global collagen peptides market report would provide access to approximately 61 market data tables, 54 figures and 170 pages