Market Overview
Growing consumption of collagen, growing applications, and its derivatives in different areas are the key driving factors for the worldwide collagen peptide market. Collagen is an essential structural protein found in bone, hair, skin, tendons, and muscles. In most collagens, the molecules are held together to create thin, long fibrils. It ensures elasticity, renewal of all human connective tissues, and cohesion. It is the ingredient that holds the body together. Collagen is secreted by various cells, but mainly by connective tissue cells. It is found in the extracellular matrix. This is a complicated network of macromolecules that regulate the physical properties of body tissues. Collagen forms a framework to offer structure and strength. Endogenous collagen is naturally produced by the body. Exogenous collagen is artificial. It is sourced from an outside agent such as supplements. Endogenous collagen has several key functions. Depletion and breakdown are associated to a few health issues. Exogenous collagen is used for cosmetic and medical purposes, including the repair of body tissues.
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Collagen peptides are bioactive peptides created by hydrolysis of collagen. They are also referred to as collagen hydrolysate or hydrolysed collagen. Worldwide collagen peptide market is expected to witness a surge in growth over the forecast period, owing to expanding increased consumption of dietary supplements, rising trend of self-medication, and health concerns. Furthermore, increasing applications of collagen peptides in pharmaceutical, personal care, and functional food are the main growth factors for the worldwide collagen peptide market.
Key Players
The global collagen peptide market has been dominated by key players such as Tessenderlo group (Belgium). Tessenderlo Group NV, along with its subsidiaries, offer industrial solutions for valorizing bio-residuals and agriculture globally. It operates across four segments namely Bio-Valorization, Agro, T-Power, and Industrial Solutions. The Agro segment deals with the marketing, trading, and production of crop nutrients, including potassium sulfate fertilizers, and crop protection products collectively with liquid crop. The other notable key players in this market include
- Darling Ingredients (US),
- Cargill Inc. (US),
- Kewpie Corporation (Japan),
- Ewald-Gelatine GmbH (Germany),
- Danish Crown (Denmark),
- GELITA AG (Germany),
- Nitta Gelatin Inc. (Japan),
- Juncà Gelatines, S.L (Spain)
- Italgelatine S.p.A (Italy)
Market Segmentation
The global collagen peptide market has been segmented based on application and source. Based on application, the market has been segmented into personal care, nutraceuticals, pharmaceuticals, food & beverages, and others. However, food & beverages is expected to be the fastest growing segment owing to the increasing need for functional food among consumers. Additionally, extensive use of collagen peptide in food processing sector, as a tendering agent in poultry and meat industry, and storage preservative in dairy industry and confectionary has further been accelerating the growth of this segment. Increasing trend of preventive cure, growing consumer awareness about nutrition, and need for dietary supplements are likely to contribute to the development of the nutraceutical & pharmaceutical segment. Based on source, the global collagen peptide market has been segmented into marine-based collagen and animal-based collagen. Animal-based collagen is likely to rule the source segment owing to easy availability of raw material. However, marine-based collagen peptides are more fat-free, calcium-free, bioavailable, illustrate better efficiency than animal-based collagen, and are an enhanced option for therapeutic purposes.
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Regional Analysis
Geographically, the global collagen peptide market has been segmented into Asia-Pacific, Europe, North America, and Rest of the World. The market in North America has further been segmented into Canada, Mexico, and the US. North America is likely to lead the worldwide collagen peptide market over the forecast period, owing to growing prevalence of chronic ailments in the region. The Europe market is likely to be the second largest market due to expanding consumer preference towards nutritional and functional food products.
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