The scope of our recent study titled "Collagen Peptides Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Source, Form, and Application," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of major market players and their key developments. The report also provides a market share analysis.
The collagen peptides market was valued at US$ 998.95 million in 2023 and is projected to reach US$ 1,490.99 million by 2030; it is expected to register a CAGR of 5.9% from 2023 to 2030.
Collagen peptide is becoming increasingly popular across the nutraceutical industry. They are used to manufacture dietary supplements and protein powders. In the past few years, the demand for dietary supplements has increased dramatically due to increasing consumer preference for products boosting physical strength and fitness. Collagen peptide is easy to digest and can slow down a body's aging process, if consumed regularly.
Based on source, the collagen peptides market is segmented into bovine, porcine, poultry, marine, and others. The bovine segment held the largest share of the collagen peptides market in 2022, and the marine segment is projected to register the highest CAGR during the forecast period. The body’s collagen production naturally decreases with age, and the deficiency can cause health issues related to bone, joints, and skin. Individuals exposed to excess sunlight are also at risk of decreased collagen production. Bovine collagen peptides supplements can help counter the effects of low collagen levels. Boiling cow bones or other cattle byproducts in water produces this collagen type. After the collagen is extracted in an aqueous solution, it is dried and powdered to form a final product. Bovine collagen has been found to improve Type I and III collagen levels in the human body.
The collagen peptides market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America held the largest share of the market in 2022, and Asia Pacific is expected to register the highest CAGR during the forecast period. North America is one of the prominent regions for the collagen peptides market growth due to the increasing preference for consuming nutraceuticals such as functional foods and beverages and dietary supplements. According to Nutrition Business Journal, the functional food/drink sales in the US were US$ 83 billion in 2021, up 6.8% compared to 2020. Moreover, according to an IRI survey of SNAP shoppers, eating more healthfully is now a top priority for two-thirds (63%) of the 42 million Americans enrolled in the US Department of Agriculture’s Supplemental Nutrition Assistance Program (SNAP). Functional foods and beverages containing collagen peptides play a pivotal role in strengthening skin and providing elasticity and hydration to the skin.
Impact of COVID-19 Pandemic on Collagen Peptides Market
The COVID-19 pandemic triggered changes in the overall dietary preferences of consumers. Due to the increased health awareness, consumers prefer high-protein diets, which boost the demand for collagen peptide-based products as it is a good source of protein. Moreover, manufacturers from the animal feed, food & beverage, and nutraceutical industries are increasingly adopting collagen peptides as raw material and a major source of nutrients for their products. Thus, the rising number of manufacturers and consumers’ preference for consuming food supplements, oral supplements for skin care, and proper healthcare routines is boosting the demand for collagen peptides. Thus, the pandemic had a positive impact on the overall collagen peptides market growth.
The report segments the collagen peptides market as follows:
Based on source, the collagen peptides market is segmented into bovine, porcine, poultry, marine, and others. Based on form, the collagen peptides market is divided into dry and liquid. Based on application, the collagen peptides market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. Based on geography, the collagen peptides market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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