Tag: Collagen Peptides Market

Innovations Driving the Growth of the Collagen Peptides Market

The collagen peptides market is projected to reach USD 922 million by 2028 from USD 699 million by 2023, at a CAGR of 5.7% during the forecast period in terms of value. The market for collagen peptides is experiencing growth due to growing consumer health awareness and varied applications of collagen peptides.

Asia Pacific to boost market growth during the forecast period

The Asia Pacific region is expected to play a significant role in boosting the market growth of the collagen peptides industry during the forecast period. Asia Pacific has a rapidly growing livestock industry driven by population growth, urbanization, and increasing demand for animal meat and related products such as collagen. Countries in Asia such as China are among the top collagen exporters globally.

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Key Players in the Market

The key players in this region include Nitta Gelatin Inc. (Japan), Tessenderlo Group (Belgium), Holista Colltech (Australia), Darling Ingredients (US),  Foodmate Co., Ltd. (China), Amicogen Inc (South Korea), among others. The study includes an in-depth competitive analysis of these key players in the collagen peptides market with their company profiles, recent developments, and key market strategies.

Increase in demand for collagen peptides for medical applications to drive the market growth

Collagen peptides have various versatile applications that give rise to their demand in medical, dental, and pharmacological fields. They are used as adequate support for drug and is a natural biomaterial with astringent and wound-healing properties. It is considered an ingredient used in different forms. For instance, it is used as a hemostatic and dressing treatment for various types of injuries. Collagen-based biomaterials are of utmost importance for tissue engineering and regenerative medicine. They can be extracted from various tissue sources and assembled in combination with other molecules. Features of collagen, such as biocompatibility and biodegradability, well-defined structure, biological characteristics, and the way collagen interacts with tissues, make it one of the most used biomaterials. This high potential possessed by collagen has revolutionized the pharmaceutical industry. Recent advancements in biotechnology have discovered the incorporation and utilization of marine collagen as a functional biomaterial in the pharmaceutical industry.

By source, bovine holds a significant market share during the forecast period

The bovine segment dominated the collagen peptides market by source. This is because the segment has been studied and researched up on since a long time. Bovine as a source for collagen peptides are largely commercialized in the market.  Moreover, factors such as ease of availability and biocompatibility of bovine sourced collagen is fueling the segment’s growth. Bovine collagen peptides are relatively less costly and easily available in the market. It is the best option for consumers who are health- and beauty-conscious. Some of the benefits associated with bovine collagen are that it hydrates the skin, supports digestion and heals the gut, supports muscle strength, and supports hair growth and nail health. All the stated factors are fueling the growth of the bovine segment in the collagen peptides market.

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Rising Demand for Collagen Peptides for Medical Applications Drives the Market

According to MarketsandMarkets, the global collagen peptides market size is estimated to be valued at USD 599million in 2020 and projected to reach USD 795million by 2025, recording a CAGR of 5.8% in terms of value. Due to the growing concerns about health and wellness and the advancement of biotechnology identifying new application areas for collagen peptides, the collagen peptides industry is witnessing growth.

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Collagen is the principle and most abundant protein found in the body. It is responsible for the cohesion, elasticity, and regeneration of connective tissues in the body, including ligaments, tendons, cartilages, and bones. Collagen peptides are derived from collagen hydrolysis of gelatin. They are small bioactive peptides that have high solubility in water at ambient temperatures.The various sources from where collagen peptides are extracted are bovine, porcine, marine, and poultry. The primary source of collagen peptides is bovine. The advancement in biotechnology has opened many areas where collagen peptides can be useful. It is being used in pharmaceutical and biomedical applications. Also, owing to its versatile nature and functional properties, collagen peptide is being used in a wide range of products across multiple industries. Various application areas include dietary supplements, nutritional food products, sports nutrition, cosmetics & personal care products, and medical applications.

In terms of form, the dry form of collagen peptides is used majorly in various industries. The dry form of collagen peptide is available as agglomerated or fine powder. Owing to its quick solubility behavior, it is used across various products. Powdered collagen peptides showcase excellent blending properties, which is why it is increasingly being used in various food applications. These are added to most of the food applications, including coffee, smoothies, dairy products, snacks and confectionery products, among others. The powder form of collagen peptides offers advantages such as no lump formation, dust-free handling, smooth flowability, consistency, no clogging, and excellent storage ability. Owing to these advantages and their properties, these can beused for various applications other than food.

Asia Pacific is projected to witness the fastest growth in the collagen peptides market during the forecast period due to the growing economy, increasing living standards of people, and also technological advancements. The Rest of the World (RoW) collagen peptides market has been growing due to the wide range of applications of collagen peptides as an ingredient in the food & beverage industry.

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PBLeiner, a business segment of Tessenderlo Group (Belgium), expanded its operations by opening a new production facility in Argentina. The new facility will be producing collagen peptides line of products. Also, with the advancement in biotechnology, the companies have identified a new wide range of application areas. One of the major factors contributing to the growth of the collagen peptides market in Asia Pacific is the increasing awareness among consumers regarding health & wellness, a wide range of applications, and a growing economy.