According to the report “Collagen Peptides Market by Source (Pigskin, Poultry, Fish, Cattle Hide & Bone), Application (Snacks & Cereals, Beverages, Meat & Poultry Products, Dairy Products), and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Global Collagen Peptides Market was worth USD 655 million in 2016 and estimated to be growing at a CAGR of 7.05%, to reach USD 920 million by 2021.
The Collagen Peptides market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rising potential in the emerging economies in various regions across the globe.
Collagen Peptide can be described as the chemical compounds, which are rich in protein and are an important part of the healthy nutrition. They are responsible for promoting the health of bones as well as joints and also, for making the skin beautiful.
There are various factors which have been impacting the market growth over recent years. The factors having a positive impact are consumers’ preference towards healthy lifestyle, wide range of applications of collagen peptide as an ingredient in food industry. Besides, there are some factors which hinder the market growth as well, which include stringent government laws for animal origin additives, concerns regarding the depleting animal sources. These factors are responsible for holding the market down from its full potential.
The Global Collagen Peptides Market is segmented on the basis of source and application. The market segmentation on the basis of source is done under pigskin, fish, poultry, cattle hide & bone. Based on application the market is segmented into snacks & cereals, beverages, meat & poultry products, dairy products. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Collagen Peptides market was dominated by North America, with the overall market share of over 34% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market, by their products and services include Darling Ingredients Inc., Weishardt Group, Tessenderlo Group, Cargill, Incorporated, Kewpie Corporation, Gelnex, Danish Crown A/S, Gelita AG, Italgelatine S.P.A., Lapi Gelatine.
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