Press release
Collagen Peptides Market Top Companies Study- Tessenderlo Group (Belgium), Gelita AG (Germany), Holista Colltech (Australia), Darling Ingredients (US), Nitta Gelatin Inc. (Japan).
Collagen Peptides Market
According to the latest research by InsightAce Analytic, the global Collagen Peptides Market size is valued at US$ 664.9 Mn in 2022, and it is expected to reach US$ 1,185.7 Mn in 2031, recording a promising CAGR of 6.76% during the forecast period of 2023-2031.
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Collagen supplements are widely recognized for their benefits in enhancing skin health and muscle strength. These supplements are available in various formats, including capsules, powders, and liquids, which can be conveniently incorporated into food and beverages. The demand for bovine-derived collagen and gelatin is projected to experience substantial growth in the coming years, driven by their distinctive properties, such as high protein content and the ability to form strong, flexible, and stable gels.
Government agencies and international organizations, including the World Health Organization (WHO) and the Food and Agriculture Organization (FAO), actively promote healthy eating habits. Their efforts aim to enhance consumer awareness, improve nutritional knowledge and skills, and positively influence dietary preferences and behaviors. These initiatives are designed to foster overall health and well-being among the global population.
Some of the prominent players in the Collagen Peptides Market are:
• Tessenderlo Group (Belgium)
• Gelita AG (Germany)
• Holista Colltech (Australia)
• Darling Ingredients (US)
• Nitta Gelatin, Inc. (Japan)
• Gelnex (Brazil)
• Lapi Gelatin S.p.a (Italy)
• Weishardt (France)
• Crescent Biotech (India)
• Foodmate Co., Ltd. (China)
• Viscofan DE GmbH (Germany)
• Biocell Technology (US)
• Amicogen, Inc (South Korea)
• Kayos (India)
• Aspen Naturals (US)
• Vital Proteins LLC (US)
• Chaitanya Agro Biotech Pvt. Ltd. (India)
• Ewald Gelatin (Germany)
• Peptech Colageno do Brasil Ltda (Brazil)
• BSA Pharma Inc (India)
• NEW ALLIANCE FINE CHEM PVT. LTD (India)
• JELLICE GELATIN & COLLAGEN (Netherlands)
• Rudra Bioventures Pvt. Ltd. (India)
• ALPSURE LIFESCIENCES PRIVATE LIMITED (India)
• Other Prominent Players
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Market Dynamics
Drivers:
The growing popularity of collagen supplements for enhancing skin health, joint function, and muscle tone is a key factor driving market expansion. These supplements are available in various forms, including capsules, powders, and liquids, which enhances their accessibility and consumer appeal. Government initiatives promoting healthier lifestyles are expected to further increase demand for these products, thereby contributing to the growth of the collagen peptides market.
Additionally, increasing investments by companies in the development of hydrolyzed collagen products for the treatment of bone-related conditions, such as osteoarthritis, are anticipated to support market growth over the forecast period. Rising consumer awareness regarding health and skin wellness, combined with the growing prevalence of sedentary lifestyles, is expected to fuel demand for collagen peptides due to their proven benefits in addressing health-related issues.
Challenges:
The primary sources of collagen peptides-such as cowhide, fish scales, and chicken bones-raise ethical and sustainability concerns related to animal welfare, overfishing, and environmental impact. These issues pose significant challenges for the collagen industry.
A Deloitte survey conducted in March 2021 on consumer attitudes and behavior toward sustainability highlighted increasing consumer awareness regarding environmental and ethical concerns. As consumers become more conscious of these issues, manufacturers are under growing pressure to adopt responsible sourcing and sustainable production practices for collagen peptides. This shift in consumer preference may drive companies to explore alternative solutions to collagen, potentially constraining market growth over the forecast period.
Regional Trends:
Europe, followed by North America, is expected to hold the largest revenue share of the collagen peptides market in the coming years. This growth is driven by increasing health consciousness among consumers and the expanding pharmaceutical and cosmetics industries in these regions. Additionally, the Asia-Pacific market is poised for rapid growth over the forecast period, supported by the increasing use of collagen peptides in food and beverages, cosmetics, pharmaceuticals, and nutraceuticals. Improved research and development (R&D) capabilities in the region are expected to further accelerate market expansion.
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Key developments in the market:
• In March 2023, Darling Ingredients Inc., the world's leading company turning food waste into sustainable products and producer of renewable energy, completed the acquisition of Gelnex, a leading global producer of gelatin and collagen products. This acquisition gives the company immediate capacity to serve the growing needs of its collagen customers.
• In November 2022, Tessenderlo Group entered into a joint venture with Hainan Xiangtai Group to produce and sell fish collagen peptides based on PB Leiner's technology. This venture enables Tessenderlo Group to manufacture and commercialize a robust premium SOLUGEL® fish collagen peptides product range, tapping into the increasing demand for qualitative marine collagen peptides.
• In November 2022, Nitta Gelatin India Limited approved expanding capacity by 1000 MT per year for the manufacture of Collagen Peptide at the Gelatin Division of the Company.
• In December 2020, Gelita AG acquired 65% of the shares in the Turkish gelatine producer SelJel (Turkey). The acquisition is part of the company's growth strategy and enables the company to meet the rising demand for halal beef gelatine.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Source
• Bovine
• Porcine
• Marine & Poultry
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Application
• Food & Beverages
• Nutritional Products
• Cosmetics & Personal Care Products
• Pharmaceuticals
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Form
• Dry
• Liquid
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Collagen Peptides Market Revenue (US$ Million) by Country, 2023 to 2031
• U.S.
• Canada
Europe Collagen Peptides Market Revenue (US$ Million) by Country, 2023 to 2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Collagen Peptides Market Revenue (US$ Million) by Country, 2023 to 2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Collagen Peptides Market Revenue (US$ Million) by Country, 2023 to 2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Collagen Peptides Market Revenue (US$ Million) by Country, 2023 to 2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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