Collagen Peptides Market Growing at 5.6% CAGR to Reach US$ 77 Million by 2032

The valuation of the global collagen peptides market is US$ 630 million in 2022 with projected worldwide sales of liquid collagen peptides estimated to increase to a value of US$ 1.09 billion by 2032-end.

Amino acids help produce collagen in the human body. Further, the core of human skin is formed with collagen. In our body, tendons, skin, muscles, and bones contain collagen. Collagen serves as a crucial component of connective tissue and is responsible for bone health and skin elasticity. There are around 28 types of different structures of collagen.

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Market Drivers:

The Expanding Utility of Collagen Peptides in the Food & Beverage Sector:

Collagen peptides have found diverse applications in recent years, permeating various sectors such as beverages, sports nutrition, dietary supplements, therapeutic food, and functional cuisine. This trend is closely linked to the global shift towards healthier dietary choices driven by heightened health and wellness consciousness. Additionally, the evolving lifestyles of individuals are expected to drive an increased demand for peptide supplements.

Collagen peptides are being increasingly incorporated as prominent ingredients in a wide array of food and beverage products due to their versatility. The inherent properties of collagen peptides are poised to facilitate their integration into numerous food items.

Lucrative Opportunities Await Collagen Peptide Manufacturers in Emerging Markets:

Presently, a growing number of individuals worldwide are adopting Western dietary patterns, accompanied by shifts in lifestyles and culinary preferences that fuel the demand for functional components within various food offerings.

The escalation of industrial activities has also led to a heightened need for process optimization, resulting in a surge of innovations within the collagen peptide industry. Emerging economies, encompassing regions such as Eastern Europe, South America, South Africa, the Middle East, and Asia Pacific nations, are expected to further boost the demand for collagen peptides due to the increasing awareness of their health benefits.

Competitive landscape:
Key manufacturers of collagen peptides are Amicogen, Inc., BioCell Technology, LLC, Weishardt Holding SA, Vital Proteins LLC, PB Leiner, Junca Gelatines S.L., and Gelita AG.

• Holista Colltech in May 2021 received a grant of US$ 0.5 million from the Western Australian Government through Collie Futures Industry Development Fund. The fund will be helpful for the company to expand the production of collagen. Further, the project will also enable Holista Collitech to increase the production capacity of collagen that too with higher-quality medical grade.

• Gelita AG in December 2020 acquired a 65% share of the Turkish gelatin producer SelJel. This acquisition is related to the growth strategy of the company to expand its capacities to match the rising demand for halal beef gelatin.

Segmentation of Collagen Peptides Industry Research:
• By Source :
o Bovine
o Porcine
o Marine & Poultry

• By Application :
o Nutritional Products
o Food & Beverages
o Personal Care Products
o Pharmaceuticals
o Other Applications

• By Form :
o Dry
o Liquid

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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Questionnaire answered in the Market outlook Report of Collagen Peptides include:

• What is the key strategy deployed by large players to maximize Collagen Peptides Market growth?

• What are the main challenges faced by players in the Collagen Peptides market Demand?

• With the advent of technological advancement, how will the Collagen Peptides market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Collagen Peptides market size?

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This release was published on openPR.