Press Release / Business / Collagen Peptide Market Research Report by Size, Share, Value Analysis, Global Demand, Key Players Review and Forecast to 2023

Collagen Peptide Market Research Report by Size, Share, Value Analysis, Global Demand, Key Players Review and Forecast to 2023

Market Analysis
Collagen peptides, also known as hydrolysed collagen, are small bioactive peptides obtained from the enzymatic hydrolysis of collagen. They have widespread applications in food & beverage, pharmaceuticals & nutraceutical and personal care industry. Moreover, increasing health consciousness, rising trends of self-medication and growing demand for bone and joint care products are some of the key driving factors for global collagen peptide market as with growing age human body tends to produce less collagen.
Collagen is a structural protein that ensures Cohesion, Elasticity and regeneration of connective tissues of the body, including Skin, Cartilage, Ligaments and bones. Growth in number of vegan and vegetarian consumers   is expected to be restraining factor   for the growth of the market.
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Key Players Strategy

Cargill Inc. (US),
Darling Ingredients (US),
Kewpie Corporation (Japan),
Ewald-Gelatine GmbH (Germany),
TESSENDERLO Group (Belgium),
Danish Crown (Denmark),
Nitta GELATIN Inc. (Japan),
GELITA AG (Germany),
ITALGELATINE S.p.A (Italy)
JUNCÀ Gelatines, S.L (Spain)

Regional Analysis
The global collagen peptide market has been segmented by region into North America, Europe, Asia-Pacific, and Rest of the World. The market in North America has further been segmented into the US, Canada, and Mexico.
Geographically, North America is anticipated to dominate the global collagen peptide market during the forecast period, owing to rising prevalence of chronic diseases in the region. The market in Europe is expected to be the second largest market due to increasing consumer preference towards functional and nutritional food products.
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Segmentation
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.