Collagen Peptides Market Size to Grow USD 859 Million by 2029 at a CAGR of 26.7% | Valuates Reports
BANGALORE, India, Aug. 7, 2023 /PRNewswire/ -- The Collagen Peptides Market is Segmented by Type (Fish collagen, Bovine collagen, Porcine collagen), by Application (Health Products Industrial, Cosmetics Industrial, Food Industrial): Global Opportunity Analysis and Industry Forecast 2023-2029. It is published in Valuates Reports under the Vitamins & Supplements Category.
The Global Collagen Peptides Market was valued at USD 161 million in 2022 and is anticipated to reach USD 859 million by 2029, witnessing a CAGR of 26.7% during the forecast period 2023-2029.
Major Factors Driving the Growth of the the Collagen Peptides Market:
One of the main factors propelling the market for collagen peptides revenue growth is consumer awareness of their skin and health.
The Collagen Peptides market is expanding as a result of rising interest in cosmetics and nutricosmetics as well as rising demand for meals and drinks that are functional and fortified.
Collagen peptides are acknowledged as a natural and efficient method to maintain general well-being, the aging population, and the desire for a healthy and active lifestyle have also contributed to the Collagen Peptides market growth.
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TRENDS INFLUENCING THE GROWTH OF COLLAGEN PEPTIDES MARKET:
Customers are becoming more conscious of the value of leading a healthy lifestyle and the contribution of collagen to well-being. It is well recognized that collagen peptides may improve gastrointestinal health, skin elasticity, bone strength, and joint health. As a result of this raised awareness, there is an increasing need for collagen peptides as dietary supplements. This factor is expected to drive the growth of the Collagen Peptides Market.
Additionally, as the global population ages, so does interest in anti-aging treatments and in looking young. Skin needs collagen to be supple and firm, and collagen is a vital component of skin. Collagen peptides are widely employed in the health and beauty sector to support wrinkle reduction, youthful-looking skin, and better hair and nail health. The demand for collagen is driven by the desire to seem young. This factor is expected to drive the growth of the Collagen Peptides Market.
The demand for natural and clean-label items that don't include artificial additives, chemicals, or allergies is rising. This requirement is met by collagen peptides made from natural sources such as fish, bovine, and pig collagen. Collagen peptides appeal to health-conscious customers because of their natural origin and links to health advantages. This factor is expected to drive the growth of the Collagen Peptides Market.
The market for collagen peptides has grown in emerging economies as a result of changing diets, and eating habits, the adoption of Western diets, an increase in the demand for functional ingredients in food products, and an increase in industrial activity that has created a need for process improvement.
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COLLAGEN PEPTIDES MARKET SHARE ANALYSIS
The leading companies in the global collagen peptides market include Rousselot S.A.S., Gelita, PB Leiner, etc. The market share of the top three manufacturers worldwide is roughly 35%.
The largest market is Europe, with a market share of around 30%, followed by China and North America, both of which have a market share of about 45%.
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Key Players:
- Rousselot S.A.S.
- Gelita
- PB Leiner
- Nitta Gelatin Inc
- NIPPI
- BHN
- Weishardt International
- Neocell
- DCP
- Lapi Gelatine
- Italgelatine
- Jiangxi Cosen Biology CoLtd
- Tai AI peptide group
- Beijing Huada Jierui Biotechnology CoLtd
- Hainan Huayan Collagen Technology CoLtd
- Hynixon group
- Mingrang biology
- SHANGDONG ORIENTAL OCEAN SCI-TECH CO LDT
- Baotou Dongbao Bio-Tech Co.Ltd
- Shanghai haijiantang group
- Beijing SEMNL Biotechnology Co.ltd
- Guangdong Zhongnan Island Biotechnology Co.Ltd
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SIMILAR REPORTS
- Porcine Collagen Absorbable Membrane Market
- Hydrolyzed Fish Collagen market was valued at USD 196 million in 2022 and is anticipated to reach USD 349.2 million by 2029, witnessing a CAGR of 8.6% during the forecast period 2023-2029.
- Hydrolyzed Collagen Peptides Market
- Collagen Casings market was valued at USD 547.8 million in 2022 and is anticipated to reach USD 723.2 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029.
- Collagen Hydrolysates Market
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- Gummy Vitamin market size was USD 1700 million and it is expected to reach USD 2300 million by the end of 2027, with a CAGR of 4.5% during 2021-2027.
- The global tissue engineering market size was valued at USD 2374 Million in 2019 and is forecasted to reach a size of USD 6815 Million by 2027 at a CAGR of 14.2% from 2020 to 2027.
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- Dietary Supplements market size is projected to reach USD 121110 Million by 2027, from USD 89810 Million in 2020, at a CAGR of 3.9% during 2021-2027.
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