Collagen is a key component in the skin of a human body. It plays a major part in firming skin, as well as in elasticity and hydration of the skin. As humans get older, their body forms less collagen, resulting into dry skin and the initiation of wrinkles. However, numerous researches state that collagen peptides or supplements comprising collagen might aid in slowing the skin’s aging process by plummeting wrinkles and dehydration. Peptides, also termed as polypeptides, naturally develop in the skin and are also comprised in numerous skincare products.
Peptides are nothing but amino acids that form some kind of proteins required by the skin. To be precise, collagen is made of 3 polypeptide chains, so by providing peptides to skin, it can produce collagen. The development of abundant collagen can result in firmer, younger-looking skin. Currently, there are a number of skincare products available in the market containing peptides. The surging demand for collagen peptides as a healthy supplement for the health and betterment of the skin and for the recovery of muscles is the key factor propelling the growth of the global collagen peptides market.
Newest Insights in the Collagen peptides Market
As per a report by Research Dive, the global collagen peptides market is expected to grow with 6.66% CAGR, surpassing $1,224.4 million in the 2022–2030 timeframe. The North America collagen peptides market is expected to perceive leading and speedy growth in the years to come. This is because, the region has an enormous demand for collagen peptides supplements owing to the rising health consciousness and awareness about the benefits of collagen peptides for skin in the people in this region. The healthcare industry is making use of collagen peptides to produce drugs for the restoration of bones in arthritis patients. Hence, the collagen peptides market is experiencing massive growth in this region.
How are Market Players Responding to the Rising Demand for Collagen peptides?
Market players are greatly investing in innovative product launches to cater the rising demand for collagen peptides. Some of the leading players of the collagen peptides market are Tessenderlo Group, GELITA AG, Darling Ingredients, Holista Colltech, Nitta Gelatin India Limited, Collagen Solutions Plc., FOODMATE CO. LTD., GELNEX, Amicogen, Ewald-Gelatine GmbH, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a foremost position in the global market.
- In October 2021, Ancient Nutrition, a leading regenerative agriculture company focused on saving the world with superfoods, launched an advanced line of Collagen Peptides - a first ever formula that gives outcomes in minimum one day.
- In March 2022, Pura Collagen, a start-up firm in the nutrition and supplement arena, launched a novel supplement which targets to offer immune support for consumers.
- In June 2022, Vital Proteins®, a manufacturer of an ever-growing line of collagen supplements, launched Vital Proteins® Lemon Collagen Peptides, a product comprising the same grass-fed, pasture-raised collagen with an additional boost of lemon flavour for its customers.
COVID-19 Impact on the Global Collagen Peptides Market
The abrupt rise of the coronavirus pandemic in 2020 has partially impacted the global collagen peptides market. During the pandemic period, many skincare product industries and supply chains faced disruptions, owing to which the market growth was greatly impacted. On the other hand, people became extra conscious about their diets. As a result, many people began consuming collagen peptides for muscle building and good health. In the course of the pandemic, numerous key market players came up with novel strategies such as launch of new products and partnerships to offer enhanced products and obtain a leading-edge in the market. All these factors propelled the collagen peptides market growth in the pandemic period. In addition, with the relaxation of the pandemic since the end of 2021, many industries using collagen peptides in their products have resumed their normal functioning, which is anticipated to thrust the growth of the global market in the future years.