Market Insights:
Market Research Future (MRFR) announces the publication of its research report on “Collagen Peptide Market Research Report Forecast to 2023” Covers Current Status, Industry Size, Share, Growth, Key Statistics, Top Manufacturers, Types and Applications.
Collagen is a structural protein that binds cells and tissues together while helping them maintain their shape. It is available in abundance in skeleton, hair, skin, and other organs. However, with aging, amount of collagen in the body decreases gradually, which results in poor bone health. Thus, the consumption of collagen peptide helps the body to regain the diminished collagen.
Collagen peptides are bioactive, cold-soluble, and easily digestible forms of collagen. They are derived from enzymatic hydrolysis of collagen and called hydrolyzed collagen. The global collagen peptide market is likely to witness high growth during the forecast period, owing to the widespread application of collagen peptide in various industries, such as pharmaceuticals & nutraceuticals, food & beverage, personal care, and others.
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Global Key Players and Competition Analysis
Some of the key players in global collagen peptide market are Cargill Inc. (US), Darling Ingredients (US), Tessenderlo Group (Belgium), Kewpie Corporation (Japan), Danish Crown (Denmark), Ewald-Gelatine GmbH (Germany), Nitta Gelatin Inc. (Japan), GELITA AG (Germany), Italgelatine S.p.A (Italy), and Juncà Gelatines, S.L (Spain).
Segmentation Analysis
Global collagen peptide market has been segmented into source, application, and region.
The market based on source has been segmented into animal-based collagen and marine-based collagen. Animal-based collagen is expected to dominate the source segment due to easy availability of raw material. However, marine-based collagen peptides are more bioavailable, fat and calcium-free, show better efficacy than animal-based collagen, and are a better option for medicinal purposes.
Based on application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. However, food & beverages is likely to be the fastest growing segment due to the growing demand for functional food among consumers. Moreover, wide use of collagen peptide in food processing industry, as a tendering agent in meat and poultry industry, storage stabilizer in confectionary and dairy industry is further supporting growth of this segment. Growing trend of preventive therapy, increased consumer understanding about nutrition, and demand for dietary supplements are expected to contribute to the growth of the pharmaceutical & nutraceutical segment.
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Regional Analysis
The global collagen peptide market in Asia-Pacific has been segmented into Japan, China, India, Australia & New Zealand, and Rest of Asia-Pacific. Africa, the Middle East, and South America are classified under the Rest of the World.
Geographically, North America is anticipated to dominate the global collagen peptide market. The US accounts for the largest market share for collagen peptide market due to growing prevalence of chronic diseases. Growing trend of preventive supplements, self-medication, and the growing use of functional foods among consumers are expected to contribute to the growth of collagen peptide market in Europe. Asia-Pacific is expected to be the fastest growing market owing to increased consumer understanding about nutrition, better price offerings, and growing use of collagen peptide as a functional food ingredient and food additive. Developing countries such as India in Asia-Pacific has huge potential for collagen peptide market due to the growing urbanization and rising numbers of deficiency disease.
Intended Audience
Collagen peptide manufacturers and suppliers
Raw material suppliers and distributors
Food safety organizations
Food & Beverages manufacturers
Trade association and industrial bodies
End-use industries
Regulatory bodies
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