Collagen Peptide Market - Forecast(2023 - 2028)

Collagen Peptide Market Overview

Collagen Peptide Market size is estimated to reach $634 million by 2026, growing at a CAGR of 5.8% during the forecast period 2021-2026. Collagen peptides are very small pieces of collagen that are versatile sources of protein and an essential element of healthy nutrition. Collagen peptides are characterized by high levels of amino acids and contains 8 of the 9 essential amino acids. Collagen Peptides are increasingly being adopted in the pharmaceutical industry owing to their various health benefits, such as improved bone health, arthritis relief, and bone loss prevention. The rise in the adoption of bovine-based collagen peptides and gelatin in a wide range of applications, such as beverages, and high protein foods, increase in the demand for porcine collagen peptides in dietary supplements, rise in the adoption of collagen peptides in the cosmetic industry, and growing investment by the key players to develop quality collagen peptides are the factors that are set to drive the growth of the Collagen Peptide Market for the period 2021-2026.

Report Coverage

Key Takeaways

• Geographically, North America Collagen Peptide Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for bovine-based collagen peptides and gelatin in beverages and high protein foods.
• The increase in the popularity of bovine collagen peptides in the cosmetic industry is driving the Bovine segment. However, the high cost of collagen peptides is one of the major factors that is said to reduce the growth of the Collagen Peptide Market.
• Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Collagen Peptide Market report.
  
  

  Collagen Peptide Market Size, By Source, 2020-2026 (USD Million)

  
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Collagen Peptide Market Segment Analysis-By Source

The Collagen Peptide Market based on the Source can be further segmented into Bovine, Marine, Porcine, Poultry, and Others. The Bovine segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.3% over the period 2021-2026. This growth can be attributed to the factors such as the increase in the adoption of bovine-based collagen peptides and gelatin in a wide range of applications, such as cosmetics, beverages, and high protein foods, and the growing awareness about the health benefits of bovine collagen peptides. The rise in the popularity of bovine collagen peptides in the cosmetic industry is driving the growth of the Collagen Peptide Market. The Porcine segment held the second-largest share in 2020 owing to the factors such as the growing demand for porcine collagen peptides in dietary supplements and the rise in the product launches of porcine collagen peptides by the key players.

Collagen Peptide Market Segment Analysis-By Application

The Collagen Peptide Market based on the Application can be further segmented into Food & Beverages, Pharmaceuticals, Cosmetic & Personal Care, Nutritional Products, and Others. The Food & Beverages segment held the largest share in 2020 owing to the factors such as the increase in the demand for various bovine and porcine collagen peptides and gelatin in the food and beverage industry and the rise in the adoption of collagen peptides as a food additive in sausages to improve the rheological properties. The growing demand for amino acid-derived products in the food and beverages industry is driving the growth of the Collagen Peptide Market. The Pharmaceuticals segment is estimated to be the fastest-growing segment with a CAGR of 6.1% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for bovine collagen peptides in the pharmaceutical industry and growing applications of collagen peptides in tissue regeneration and the drug delivery systems.

Collagen Peptide Market Segment Analysis-By Geography

Asia-Pacific held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for porcine collagen peptides in dietary supplements and an increase in the adoption of collagen peptides in the cosmetic industry. The increasing demand for bovine-based collagen peptides and gelatin in a wide range of applications, such as beverages and high protein foods is driving the growth of the Collagen Peptide Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for amino acid-derived products in the food and beverages industry and the growing investment by the key players to develop quality and healthier collagen peptides.

Collagen Peptide Market Drivers

Rise in the Demand for Bovine Collagen Peptides

Increase in the Adoption of Collagen Peptides in the Cosmetic Industry

Collagen Peptides, such as bovine, marine, and porcine are extensively being used in various skin cream products to moisturize skin diminish the appearance of wrinkles. The cosmetics manufacturers are using fish collagen powder in healthy aging creams and nutraceuticals, which is further propelling the growth of the Collagen Peptide Market.

Collagen Peptide Market Challenges

High Cost of Collagen Peptides

The key players in the market are increasing their investment to carry out various research and development activities for launching bovine and porcine collagen peptides and gelatin. However, the high cost of collagen peptides is one of the major factors that is estimated to reduce the growth of the Collagen Peptide Market.

Collagen Peptide Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Collagen Peptide Market. Key companies of this market are Tessenderlo Group, Gelita AG, Darling Ingredients, Gelnex, Holista CollTech, Nitta Gelatin, Ewald-Gelatine, Crescent Biotech, Collagen Solutions, and Amicogen Inc. among others.

Expansions/Product Launches:

• In January 2021, Darling Ingredients Inc has launched Peptan® Marine collagen peptides that are sourced from 100% wild-caught marine white fish to help beauty and nutrition brands expand their portfolio with premium dietary supplements.
• In January 2021, Gelita AG has launched collagen peptides to broaden its proprietary portfolio of Bioactive Collagen Peptides (BCP) to expand its immunity sector for responding to the increasing consumer need for better immunity.
• In February 2020, Tessenderlo Group-owned PB Leiner has expanded its production facilities by opening a new production site in Argentina to allow for a considerable extra production of SOLUGEL™ collagen peptides and to meet the global demand for collagen peptides.

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