Collagen Peptides Market Key Players Analysis- Tessenderlo Group (Belgium), Gelita AG (Germany), Holista Colltech (Australia), Darling Ingredients (US), Nitta Gelatin Inc. (Japan).

InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on "Global Collagen Peptides Market Size, Share & Trends Analysis Report By Source (Bovine, Porcine, Marine & Poultry), By Form (Dry, Liquid), By Application (Food & Beverages, Nutritional Products, Cosmetics & Personal Care Products, Pharmaceuticals) Market Outlook And Industry Analysis 2031"

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 role in improving skin health and muscle strength. These supplements are offered in a variety of formats, including capsules, powders, and liquids, which can be easily incorporated into daily food and beverage routines. The demand for bovine-derived collagen and gelatin is expected to grow significantly in the coming years, driven by their unique characteristics, such as high protein content and their ability to form strong, flexible, and stable gels.

Global health organizations, including the World Health Organization (WHO) and the Food and Agriculture Organization (FAO), actively promote healthy eating habits as part of their broader efforts to enhance consumer awareness. These initiatives are aimed at improving nutritional knowledge, shaping dietary preferences, and fostering positive changes in food consumption patterns to support overall health and well-being on a global scale.

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 increasing demand for collagen supplements, particularly for their benefits in enhancing skin health, joint function, and muscle tone, is a major factor propelling market growth. These supplements are available in diverse forms, such as capsules, powders, and liquids, which improves their accessibility and appeal to a wide consumer base. Furthermore, government initiatives that encourage healthier lifestyles are expected to further drive demand, contributing to the expansion of the collagen peptides market.

Additionally, growing investments by companies in the development of hydrolyzed collagen products for treating bone-related conditions, such as osteoarthritis, are anticipated to foster continued market growth. Rising consumer awareness of health and skin wellness, combined with the increasing prevalence of sedentary lifestyles, is expected to further accelerate the demand for collagen peptides due to their established benefits in addressing various health concerns.

Challenges:
The primary sources of collagen peptides-such as bovine hides, fish scales, and chicken bones-raise significant ethical and sustainability concerns related to animal welfare, overfishing, and environmental impact. These concerns present substantial challenges to the collagen industry. A Deloitte survey conducted in March 2021 revealed growing consumer awareness regarding environmental and ethical issues. As consumers become more conscious of these factors, manufacturers are under increased pressure to adopt sustainable sourcing and production practices. This shift in consumer preferences may drive companies to explore alternative sources of collagen, potentially limiting market growth during the forecast period.

Regional Trends:
Europe, followed by North America, is expected to maintain the largest revenue share of the collagen peptides market in the coming years, driven by increasing health awareness among consumers and the growth of the pharmaceutical and cosmetics sectors in these regions. Furthermore, the Asia-Pacific market is expected to experience rapid growth over the forecast period, supported by the rising use of collagen peptides across various industries, including food and beverages, cosmetics, pharmaceuticals, and nutraceuticals. Enhanced research and development (R&D) capabilities in the region are anticipated 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

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This release was published on openPR.