Collagen Peptides Market - Forecasts from 2019 to 2024

Collagen peptides market is evaluated at US$710.512 million for the year 2018 and is projected to grow rapidly during the forecast period. Collagen, the most abundant form of protein in the body is an important component of skin, bones, muscles and connective tissues such as ligaments and tendons. Collagen supplements have become very popular. Collagen peptides are a cold-soluble, easily digestible and extremely bioactive form of collagen. It is extracted by enzymatic hydrolysis of collagen or by breaking down the molecular bonds between individual collagen strands to peptides. The collagen peptides market is expected to have a significant market growth due to rising consumer awareness about nutritional deficiency and various diseases. People are becoming more inclined towards consuming healthy and protein-rich diet. Increasing application of collagen peptides in pharmaceuticals, processed food, and cosmetics is expected to fuel the market growth. Collagen peptides are obtained from animal sources such as pork skin, fish and bovine. There is increasing opposition towards products derived from animal sources and stringent food laws regarding animal-derived additives which are expected to be a restraint for market growth.

By source, the pigskin segment is expected to hold a considerable market share. Extraction of collagen peptides from pigskin is done through acid method wherein citric acid is used. By application, nutritional products segment is expected to have a significant market share. Proteins present in sports nutritional products have an essential role as it improves athletic performance. By geography, North America is expected to have a considerable market share due to rising health awareness and the presence of key players in the region.

Drivers

Rising health concern
Increasing application of collagen peptides in pharmaceuticals, processed food, and cosmetics.

Restraints

Stringent food laws regarding animal-derived additives

Industry Update

In January 2016, Nitta Gelatin entered into a partnership with Chicago's Vyse Gelatin further increasing the product offering and capabilities of the company

Segmentation

The collagen peptides market has been analyzed through the following segments:

By Source

Cattle Hide and Bones
Pigskin
Poultry and Fish

By Application

Nutritional products
Snacks & Cereals
Dairy Products
Beverages
Meat & poultry products
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others