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Collagen Peptides Market Report

RA00389

Collagen Peptides Market, by Source (Bovine, Porcine, Marine, Poultry), Application (Nutritional Products, Food and Beverage, Cosmetics and Personal Care, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00389

Pages: NA

Sep 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Collagen Peptides Market

According to a new study conducted by Research Dive, the global collagen peptides market forecast will reach $1,169.5 million till 2027, at a CAGR of 8.1%, increasing from $737.8 million in 2019. Europe region has dominated the global market size and is predicted to account for $385.9 million in 2027. North America is expected to grow vastly and is expected to generate a revenue of $341.5 million by 2027.

COVID-19 Impact on Global Collagen Peptides Market:

In the previous years, the global collagen peptides market has experienced a healthy growth owing to increasing utilization of collagen peptides in food & beverage applications. However, the pandemic of COVID-19 has had a negative effect on the global collagen peptides market growth, and thereby the global market is anticipated to generate a revenue of $1,169.5 million by 2027, at a CAGR of 8.1%. This is owing to decline in meat consumption, especially marine and bovine products, across the globe. This factor has directly impacted the production of collagen peptides because fish and beef waste are major raw materials for collagen products.

However, major market players are continuously implementing several tactics such as new product launches and joint ventures to increase their market share in the crisis period. For example, in April 2020, GELITA AG launched a new bioactive collagen peptide called “VERISOL” for hair growth improvement. The company found around 31% rise in hair growth through conducting effectiveness study on 44 women for 26 weeks. This factor is expected to fuel the market growth in the outbreak period.

Collagen peptide is a significant source of protein and a vital component of healthy nutrition. Their physiological and nutritional properties promote the strength of joints and bones as well as contribute to beautiful skin.

Increasing demand from food & beverage industry and changing lifestyle habits of individuals are the major drivers for the growth of the collagen peptides market

Growing demand for collagen peptides from food & beverage sector is a major driving factor for the growth of the market in the forecast period. This demand is majorly owing to collagen peptide being a major functional food ingredient in many food items. It is also used as a thickener or clarifying agent in fruit juices, beer, and wine products. This factor will propel collagen peptides application in food & beverages, which is expected to drive the market growth in the analysis time. Moreover, rising awareness about health consciousness driving the consumption of nutritional products is further expected to boost the demand for collagen peptides. This increase in demand is majorly because collagen products are high source of protein and play significant role in body nutrition, which is projected to fuel the market growth in the forecast time.

To know more about collagen peptides market drivers, get in touch with our analysts here.

Availability of substitutes and regulations on animal origin foods are the major restraints for the growth of the collagen peptides market

Huge availability of alternative products is expected to limit the consumption of collagen peptides, which is a major restraint for the growth of the market. Also, stringent food regulations on approval of animal origin foods is expected to hamper the market growth in the forecast years.

Favorable government initiatives and product demand in developing economies are the significant investment opportunities for the growth of the collagen peptides market

Increasing R&D activities for the development of novel products based on customer personalization along with government promoting healthy diet are expected to create enormous growth opportunities in the global market during the forecast years. In addition, increasing usage of cosmetic products owing to rising per capita income of individuals is directly impacting the demand for collagen peptide products, which is further estimated to fuel the market growth in the near future.

To know more about collagen peptides market opportunities, get in touch with our analysts here.

Bovine source registered for majority of the market share in the past years

Bovine source registered for majority of the market share in the past years

Source: Research Dive Analysis

Bovine source sub-segment accounted for majority of the collagen peptides market share, which was about 40.4% and is projected to continue its growth in the forecast years. Wide utilization of bovine animal’s organs such as skin, bones, ligaments and other body parts because easy availability due to cattle is one of the highly consumed meet globally, which is projected to drive the market growth in the forecast time. Marine source will witness to rise at the highest CAGR of 9.1% and is predicted to account for $108.0 million till 2027. Rapid growth in aquaculture industry and fish processing facilities are generating heavy amounts of waste including fins, skin, and scales; these wastes are utilized for collagen peptides production. This aspect will propel the market growth in the coming decades.

Food and beverage application held a significant global market share in 2019

Food and beverage application held a significant global market share in 2019

Source: Research Dive Analysis

The market for food and beverage application held a considerable global market size; it was valued at $278.6 million in 2019 and is expected to rise at a CAGR of 7.7% during the projected time. Collagen peptide products are highly used in food & beverage industry owing to absorption capacity, texturizing and thickening properties. This factor is expected to boost the market growth in the analysis period. Nutritional products sub-segment generated for subsequent position in the global market share in 2019 and is projected to reach up to $338.8 million by the end of 2027. Collagen is one of the crucial proteins and is responsible for structural support in tissues and muscles. This factor will increase the use of collagen peptides in nutritional products, which will impel the market growth in the forecast time.

North America market is predicted to have enormous prospects for the market investors to grow in the upcoming years

North America is estimated to be growing at a faster rate of 8.6% CAGR during the forecast years and is expected to create ample investment opportunities in the global market in the coming years. Collagen based supplements are becoming highly popular among the population in the North America as an energy and nutritional source. Also, healthcare industry in the region is using collagen peptides to develop regenerative drugs for arthritis control owing to their multifunctional properties. These aspects have estimated to fuel the market growth in North America during the forecast time. Europe region was the significant revenue contributor in the overall market; it generated about $250.0 million in 2019 and is expected to register for $385.9 million till 2027. Increasing awareness on health consciousness coupled with increasing use of collagen peptides in the cosmetics industry is majorly fueling the market growth in the North America region.

To explore more about collagen peptides market, get in touch with our analysts here.

Major Players in the Global Collagen Peptides Market:

Product development and joint ventures are the most common strategies followed by the market players

Major Players in the Global Collagen Peptides Market

Source: Research Dive Analysis

The major collagen peptides market players include Tessenderlo Group, Darling Ingredients, GELITA AG, Holista Colltech, Collagen Solutions Plc, Nitta Gelatin India Limited, Amicogen, GELNEX, FOODMATE CO. LTD. and Ewald-Gelatine GmbH. These manufacturers are focusing on inorganic and organic progression tactics such as joint ventures, new product launches and geographical expansions to strengthen their position in the overall industry.

Porter’s Five Forces Analysis for Collagen Peptides Market:

  • Bargaining Power of Suppliers: This market has of high number suppliers and the price difference between suppliers expected to be high, delivering high selling power. Thereby, the bargaining power of suppliers is HIGH.

  • Bargaining Power of Consumers: Collagen peptides market has high concentration of consumers, but price of collagen peptide products is high along with easy availability of alternatives are resulting HIGH negotiating power of the consumers

  • Threat of New Entrants: Huge spending is required for manufacturing of collagen peptides and rising consumer demand creating huge investment opportunities and resulting MODERATE threat of new participants.

  • Threat of Substitutes: The availability high number of substitute products and consumer may shift to substitutes due to low price are resulting HIGH threat of substitutes.

  • Rivalry Among Market Players: Collagen peptides market has high number of key manufacturers. These key manufacturers are underlining on product launch and investments to fortify their position in overall marketplace. Delivering HIGH rivalry among the market participants.

Aspect

Particulars

Historical Market Estimations

 2019-2020

Base Year for Market Estimation 

 2019

Forecast timeline for Market Projection

 2020-2027

Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

Segmentation by Source

 

  • Bovine
  • Porcine
  • Marine
  • Poultry

Segmentation by Application

  • Nutritional Products
  • Food and Beverage
  • Cosmetics and Personal Care
  • Others

Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC and Saudi Arabia

Key Companies Profiled

  • Tessenderlo Group
  • Darling Ingredients
  • GELITA AG
  • Holista Colltech
  • Collagen Solutions Plc
  • Nitta Gelatin India Limited
  • Amicogen
  • GELNEX
  • FOODMATE CO. LTD.
  • Ewald-Gelatine GmbH

FREQUENTLY ASKED QUESTIONS?
 

A. The global collagen peptides market size was over $737.8 million in 2019 and is further anticipated to reach $1,169.5 million by 2027.

A. Tessenderlo Group, Darling Ingredients, GELITA AG and Ewald-Gelatine GmbH. are some of the key players in the global collagen peptides market.

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. The North America collagen peptides market is anticipated to grow at 8.6% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Tessenderlo Group, Darling Ingredients, and GELITA AG are investing more on R&D activities for developing new products and technologies.

1.    Research Methodology

1.1.    Desk Research
1.2.    Real time insights and validation
1.3.    Forecast model
1.4.    Assumptions and forecast parameters

1.4.1.    Assumptions
1.4.2.    Forecast parameters

1.5.    Data sources

1.5.1.    Primary
1.5.2.    Secondary

2.    Executive Summary

2.1.    360° summary
2.2.    Source trends
2.3.    Application trends

3.    Market overview

3.1.    Market segmentation & definitions
3.2.    Key takeaways

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Bargaining power of consumers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of new entrants
3.3.4.    Threat of substitutes
3.3.5.    Competitive rivalry in the market

3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

3.5.    Technology landscape
3.6.    Regulatory landscape
3.7.    Patent landscape
3.8.    Market value chain analysis
3.9.    Strategic overview

4.    Collagen Peptides Market, by Source 

4.1.    Bovine

4.1.1.    Market size and forecast, by region, 2019 - 2027
4.1.2.    Comparative market share analysis, 2019 & 2027

4.2.    Porcine

4.2.1.    Market size and forecast, by region, 2019 - 2027
4.2.2.    Comparative market share analysis, 2019 & 2027

4.3.    Marine

4.3.1.    Market size and forecast, by region, 2019 - 2027
4.3.2.    Comparative market share analysis, 2019 & 2027

4.4.    Poultry

4.4.1.    Market size and forecast, by region, 2019 - 2027
4.4.2.    Comparative market share analysis, 2019 & 2027

5.    Collagen Peptides Market, by Application 

5.1.    Nutritional Products

5.1.1.    Market size and forecast, by region, 2019 - 2027
5.1.2.    Comparative market share analysis, 2019 & 2027

5.2.    Food and Beverage

5.2.1.    Market size and forecast, by region, 2019 - 2027
5.2.2.    Comparative market share analysis, 2019 & 2027

5.3.    Cosmetics and Personal Care

5.3.1.    Market size and forecast, by region, 2019 - 2027
5.3.2.    Comparative market share analysis, 2019 & 2027

5.4.    Others

5.4.1.    Market size and forecast, by region, 2019 - 2027
5.4.2.    Comparative market share analysis, 2019 & 2027

6.    Collagen Peptides Market, by Region

6.1.    North America

6.1.1.    Market size and forecast, by source, 2019 - 2027
6.1.2.    Market size and forecast, by application, 2019 - 2027
6.1.3.    Market size and forecast, by country, 2019 - 2027
6.1.4.    Comparative market share analysis, 2019 & 2027
6.1.5.    U.S.

6.1.5.1.    Market size and forecast, by source, 2019 - 2027
6.1.5.2.    Market size and forecast, by application, 2019 - 2027
6.1.5.3.    Comparative market share analysis, 2019 & 2027

6.1.6.    Canada

6.1.6.1.    Market size and forecast, by source, 2019 - 2027
6.1.6.2.    Market size and forecast, by application, 2019 - 2027
6.1.6.3.    Comparative market share analysis, 2019 & 2027

6.1.7.    Mexico

6.1.7.1.    Market size and forecast, by source, 2019 - 2027
6.1.7.2.    Market size and forecast, by application, 2019 - 2027
6.1.7.3.    Comparative market share analysis, 2019 & 2027

6.2.    Europe

6.2.1.    Market size and forecast, by source, 2019 - 2027
6.2.2.    Market size and forecast, by application, 2019 - 2027
6.2.3.    Market size and forecast, by country, 2019 - 2027
6.2.4.    Comparative market share analysis, 2019 & 2027
6.2.5.    Germany 

6.2.5.1.    Market size and forecast, by source, 2019 - 2027
6.2.5.2.    Market size and forecast, by application, 2019 - 2027
6.2.5.3.    Comparative market share analysis, 2019 & 2027

6.2.6.    UK

6.2.6.1.    Market size and forecast, by source, 2019 - 2027
6.2.6.2.    Market size and forecast, by application, 2019 - 2027
6.2.6.3.    Comparative market share analysis, 2019 & 2027

6.2.7.    France

6.2.7.1.    Market size and forecast, by source, 2019 - 2027
6.2.7.2.    Market size and forecast, by application, 2019 - 2027
6.2.7.3.    Comparative market share analysis, 2019 & 2027

6.2.8.    Spain

6.2.8.1.    Market size and forecast, by source, 2019 - 2027
6.2.8.2.    Market size and forecast, by application, 2019 - 2027
6.2.8.3.    Comparative market share analysis, 2019 & 2027

6.2.9.    Italy 

6.2.9.1.    Market size and forecast, by source, 2019 - 2027
6.2.9.2.    Market size and forecast, by application, 2019 - 2027
6.2.9.3.    Comparative market share analysis, 2019 & 2027

6.2.10.    Rest of Europe

6.2.10.1.    Market size and forecast, by source, 2019 - 2027
6.2.10.2.    Market size and forecast, by application, 2019 - 2027
6.2.10.3.    Comparative market share analysis, 2019 & 2027

6.3.    Asia Pacific

6.3.1.    Market size and forecast, by source, 2019 - 2027
6.3.2.    Market size and forecast, by application, 2019 - 2027
6.3.3.    Market size and forecast, by country, 2019 - 2027
6.3.4.    Comparative market share analysis, 2019 & 2027

6.3.5.    China

6.3.5.1.    Market size and forecast, by Product, 2019 - 2027
6.3.5.2.    Market size and forecast, by application, 2019 - 2027
6.3.5.3.    Comparative market share analysis, 2019 & 2027

6.3.6.    India 

6.3.6.1.    Market size and forecast, by source, 2019 - 2027
6.3.6.2.    Market size and forecast, by application, 2019 - 2027
6.3.6.3.    Comparative market share analysis, 2019 & 2027

6.3.7.    Japan  

6.3.7.1.    Market size and forecast, by source, 2019 - 2027
6.3.7.2.    Market size and forecast, by application, 2019 - 2027
6.3.7.3.    Comparative market share analysis, 2019 & 2027

6.3.8.    Australia 

6.3.8.1.    Market size and forecast, by source, 2019 - 2027
6.3.8.2.    Market size and forecast, by application, 2019 - 2027
6.3.8.3.    Comparative market share analysis, 2019 & 2027

6.3.9.    South Korea

6.3.9.1.    Market size and forecast, by source, 2019 - 2027
6.3.9.2.    Market size and forecast, by application, 2019 - 2027
6.3.9.3.    Comparative market share analysis, 2019 & 2027

6.3.10.    Rest of Asia Pacific

6.3.10.1.    Market size and forecast, by source, 2019 - 2027
6.3.10.2.    Market size and forecast, by application, 2019 - 2027
6.3.10.3.    Comparative market share analysis, 2019 & 2027

6.4.    LAMEA

6.4.1.    Market size and forecast, by source, 2019 - 2027
6.4.2.    Market size and forecast, by application, 2019 - 2027
6.4.3.    Market size and forecast, by country, 2019 - 2027
6.4.4.    Comparative market share analysis, 2019 & 2027
6.4.5.    Latin America  

6.4.5.1.    Market size and forecast, by source, 2019 - 2027
6.4.5.2.    Market size and forecast, by application, 2019 - 2027
6.4.5.3.    Comparative market share analysis, 2019 & 2027

6.4.6.    Middle East 

6.4.6.1.    Market size and forecast, by source, 2019 - 2027
6.4.6.2.    Market size and forecast, by application, 2019 - 2027
6.4.6.3.    Comparative market share analysis, 2019 & 2027

6.4.7.    Africa

6.4.7.1.    Market size and forecast, by source, 2019 - 2027
6.4.7.2.    Market size and forecast, by application, 2019 - 2027
6.4.7.3.    Comparative market share analysis, 2019 & 2027

7.    Company profiles

7.1.    Tessenderlo Group 
7.1.1.    Business overview
7.1.2.    Financial performance
7.1.3.    Product portfolio
7.1.4.    Recent strategic moves & developments
7.1.5.    SWOT analysis

7.2.    Darling Ingredients 

7.2.1.    Business overview
7.2.2.    Financial performance
7.2.3.    Product portfolio
7.2.4.    Recent strategic moves & developments
7.2.5.    SWOT analysis

7.3.    GELITA AG

7.3.1.    Business overview
7.3.2.    Financial performance
7.3.3.    Product portfolio
7.3.4.    Recent strategic moves & developments
7.3.5.    SWOT analysis

7.4.    Holista Colltech

7.4.1.    Business overview
7.4.2.    Financial performance
7.4.3.    Product portfolio
7.4.4.    Recent strategic moves & developments
7.4.5.    SWOT analysis

7.5.    Collagen Solutions Plc 

7.5.1.    Business overview
7.5.2.    Financial performance
7.5.3.    Product portfolio
7.5.4.    Recent strategic moves & developments
7.5.5.    SWOT analysis

7.6.    Nitta Gelatin India Limited 

7.6.1.    Business overview
7.6.2.    Financial performance
7.6.3.    Product portfolio
7.6.4.    Recent strategic moves & developments
7.6.5.    SWOT analysis

7.7.    Amicogen 

7.7.1.    Business overview
7.7.2.    Financial performance
7.7.3.    Product portfolio
7.7.4.    Recent strategic moves & developments
7.7.5.    SWOT analysis

7.8.    GELNEX 

7.8.1.    Business overview
7.8.2.    Financial performance
7.8.3.    Product portfolio
7.8.4.    Recent strategic moves & developments
7.8.5.    SWOT analysis

7.9.    FOODMATE CO. LTD.

7.9.1.    Business overview
7.9.2.    Financial performance
7.9.3.    Product portfolio
7.9.4.    Recent strategic moves & developments
7.9.5.    SWOT analysis

7.10.    Ewald-Gelatine GmbH

7.10.1.    Business overview
7.10.2.    Financial performance
7.10.3.    Product portfolio
7.10.4.    Recent strategic moves & developments
7.10.5.    SWOT analysis

 

If you are a health conscious person, you might be familiar with collagen peptide. Collagen peptide is a rich source of protein which can be regarded as a great contributor of nutrition.

The nutritional and physiological properties are useful in the strengthening of joints and bones. It also rejuvenates and nourishes your skin.  

Collagen has been used as a natural ingredient for perfect health for centuries. Traditional diets were full of collagen peptides. However, with passing time, this nutritious food disappeared from our diet.

Factors Driving Growth of the Market

Being a protein-rich food ingredient, collagen peptide has seen a recent revival in past few years. The demand of collagen peptide has been increased in previous years. This is regarded as one of the major attributor of the market growth.  Collagen peptide is used as a thickener or clarifying agent in fruit juices, beer and wine products, which is going to be another factor behind the growth of the collagen peptide market during the forecast period. Moreover, the rising awareness about the importance of healthy food consumption is further expected to boost the demand for collagen peptides.

Recent Developments of the Market

According to a report published by Research Dive , the leading players of the global collagen peptide market include GELITA AG, Tessenderlo Group, Nitta Gelatin India Limited, Darling Ingredients, Holista Colltech, FOODMATE CO. LTD., Collagen Solutions Plc, Amicogen, Ewald-Gelatine GmbH, and GELNEX.

These market players are focusing on developing unique strategies including mergers and acquisitions, product launches, existing technology upgradation, and collaborations and partnerships to sustain the market competition.

Some of the recent advancements of the market are as follow:

  • In April 2020, GELITA AG has launched a new bioactive collagen peptide called “VERISOL” for hair growth improvement. The company found around 31% rise in hair growth through conducting effectiveness study on 44 women for 26 weeks.
  • As per a latest news, Natural wellness company Holista CollTech and skincare specialist Skin Elements has recently released a joint statement. The statement was regarding a deal to launch an alcohol-free hand sanitizer. This product is designed by combining the skin-sensitive anti-microbial formula of Skin Elements with Path-Away active ingredient by Holista.

The initial order for the active ingredient is expected to be a minimum of $600,000 in the first year with minimum order quantities to be reviewed every three months.

  • Another recent update states, the 15th edition of the Confederation of Indian Industry (CII) Southern Region Kaizen Competitions has awarded Nitta Gelatin India Ltd. The main aim of this competition is to recognize and encourage its member companies in the medium scale process industry category every year.
  • A subsidiary of Nestle SA, Nestle Health Science, has made an agreement to acquire Vital Proteins, a producer of foods, beverages and supplements based on collagen, a recent news states. The acquisition complements the other wellness brands of Nestle Health Science, which include Garden of Life, Atrium Innovations, Pure Encapsulations and Persona, the company proclaims.

To sum up, the global collagen peptide market is going to experience positive growth during and after the COVID-19 pandemic. The new entrants and leading players of the market are focused on developing newer strategies to create more opportunities in the market and sustain the market growth.

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