Collagen Peptides Market – Analysis, Trends and Forecasts

According to MarketsandMarkets, the global collagen
peptides market size is estimated to be valued at USD 631 million in
2021 and is projected to reach USD 828 million by 2026, recording a CAGR of
5.6% during the forecast period in terms of value. It is driven by increasing
consumers inclination toward healthy products. Furthermore, rising demand for
collagen peptides for medical applications and increase in usage of collagen
peptides in cosmetic and personal care products is expected to fuel the market
for collagen peptides.

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The collagen peptides market is majorly driven by the
increase in usage of these peptides in various end-use applications, such as
nutritional products, food & beverages, pharmaceuticals, and cosmetics
& personal care products. Furthermore, consumer inclination toward a
healthy lifestyle and an increase in protein intake is expected to drive the
growth of the collagen peptides market. The Asia Pacific region is projected to
be the fastest-growing region in the collagen peptides market. The region has
witnessed significant demand for collagen peptides in nutritional products,
such as dietary supplements and sports nutrition and food & beverage
products, such as beverages, dairy, snacks, soups & sauces, and meat
products.

Europe dominated the global collagen peptides market. The
dominance is attributed to factors such as the region’s large-scale production
and consumption of collagen-infused food and beverages, dairy, and
confectionery products, which are fueled by food & beverage manufacturers
focused on product innovation through collagen peptides as the major
ingredient. It is largely driven by factors such as presence of major collagen
peptides product manufacturers, such as Tessenderlo Group (Belgium), GELITA AG
(Germany), Gelnex (Brazil), Lapi Gelatine S.p.a. (Italy), Weishardt (France),
Ewald-Gelatine (Germany), Collagen Solutions plc (UK), among others.

Based on application, the nutritional products segment is
estimated to dominate the collagen peptides market by 2021. Collagen peptides
are now increasingly used by manufacturers in the production of dietary
supplements, as collagen peptides contain amino acids, which are individual
building blocks of proteins. The functional and health benefits of collagen
peptides drive the innovation of the ingredient. Furthermore, consumers are
demanding healthy aging products that are increasing their interest in
supplements for skin, joint, and bone health.

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Based on form, the dry segment is estimated to dominate the
collagen peptide market by 2021. The dry segment is the most widely used as it
can be easily incorporated into various kinds of products, such as beverages,
cosmetics, beauty, and personal care.

Among various types of sources, the bovine segment is
estimated to dominate the market for collagen peptides. The usage of collagen
peptides is witnessing a surge in various applications. Bovine is the most
widely accepted source of collagen, which can be utilized to extract collagen
peptides. Porcine, on the other hand, has certain cultural restrictions. Bovine
sources are the most easily available and thus have the largest share in the
global market by source. There is significant growth of bovine during the
forecast period.