Collagen Peptides Market expected at a CAGR of 7.0%; Trend Analysis & Forecast Up To 2024

Collagen is present as a protein in the body as the vital component of the connective tissue. It is known to make up approximately 30% of the body’s protein which can be found in bones, skin, cartilages and tendons. Collagen production in the body slows down with growing age, affecting the skin’s hydration, elasticity and suppleness. Beyond the skin, the connective tissue also starts to deteriorate and weaken which leads to various ailments. Collagen is therefore said to be a vital component in keeping ourselves young and healthy. Collagen is a revolutionary product which not only supplements the collagen need of the body but also helps our body to produce it naturally. Collagen offers multidimensional benefits to the skin, bone and joint health by regenerating the cells which are required for maintaining enhanced immunity and active lifestyle, strength, health and elasticity throughout the body.

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Collagen peptides are short chain protein building blocks which are produced by hydrolysis of naive collagen. A characteristic pattern of collagenic fragments are generated depending on the applied enzymatic process. These peptides are classified based on average molecular weight distribution and peptide profile. Independent from their molecular weight all collagen peptides are rapidly absorbed by the body virtually 100% and provide high bioavailability. They are known to be easily digestible, non-allergenic and hence, this factor has classified collagen peptide as food, suitable for clean label products. The functional properties of collagen peptides are therefore contributing to high demand from wide range of end-user industries in the market. The global collagen peptides market is expected to expand at a CAGR of 7.0% from 2019 to 2024.

Rising consumer awareness regarding health and personal care have led to increase in demand for collagen. Moreover, rising trend for nutraceutical products is another factor promoting growth of collagen and its products in the global market. The major factor boosting high growth of the global collagen peptide market is the growing functional and processed food & beverage industry.

Furthermore, rise in consumption of dairy products, snacks and bakery products is also expected to propel market growth of global collagen peptide market worldwide. The changing lifestyle of the population along with demand for readymade meals and on-go-utilization food trend have boosted trades of collagen peptide to be used as functional constituents. The benefits of collagen peptides have also contributed to high demand from food & beverage industries. These factors, have therefore led to strong upward growth curve of global collagen peptide market.
The global collagen peptides market is segmented based on source, applications and geography.

Based on source, global collagen peptides market is segmented into Poultry, Fish, Pigskin, Cattle Hide and Bone. Among these, fish source is expected to hold major share of the global collagen peptides market due to minimal disease transfer risk and comfortable social and regional regulations. Collagen peptides are mostly preferred in various end-user industries in powdered form as they offer advantages such as rapid dissolution, no lump formation, excellent flowability, no clogging and high storage stability among others.

Collagen peptides finds major application in into Cereals and snacks, Poultry and meat products, dairy products and beverages. Among the mentioned applications, poultry products and dairy products are expected to promote high growth of global collagen peptides market in 2017. Other application segments are also expected to showcase significant growth thereby, to propel market demand for collagen peptides over the forecast period from 2019 to 2024.

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Based on geography, the global collagen peptides market is segmented into North America, Europe, Asia Pacific and rest of the world region which include Latin America, and Middle East & Africa. Asia Pacific accounted for the largest market share in the global collagen peptides market and is further anticipated to maintain its leading position. Increasing awareness regarding nutrition and health and rising number of slaughterhouses and poultry houses and marine production collection organizations.

The key companies of global collagen peptides market are, Cargill, Incorporated, Rousselot, Weishardt Group, GELITA AG, Gelnex, ITALGELATINE SpA, Kewpie Corporation, Tessenderlo Group, Lapi Gelatine, Danish Crown A/S., and among others.

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This release was published on openPR.