Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Collagen peptides are highly bioactive form of collagen which are cold-soluble and easily digestible. Collagen consists of three polypeptide chains. These are ?-chains which are wrapped around each other to form triple-helical macromolecules, a unique structure, size and amino acid sequence. Furthermore, the body’s most important building block is collagen and it makes up approximately 30% of the proteins in the body. It is the main structural protein which ensures the elasticity, cohesion and regeneration of all the connective tissues including ligaments, skin, cartilage and bones. It protects skin and also strengthens various body structures. Moreover, different cells are responsible for the production of collagen in the body tissues. Type I, II or III are the different types of collagen in the body, with the majority being Type I collagen. Furthermore, collagen peptides are widely used in various applications such as sports nutrition, snacks & cereal, beverages, dairy, meat & poultry, and personal care products.
The collagen peptides market is growing significantly, owing to consumers are inclination towards healthy lifestyles, rise in the use of collagen peptides in different kinds of cosmetics, pharmaceuticals & healthcare and increased protein consumption. Also, the increasing use of collagen as a functional ingredient coupled with the varied applications of collagen peptides are the factors driving the market growth. In addition, collagen is also used for healing of the wounds is also expected to fuel the growth of collagen peptides market. However, stringent food laws for animal-sourced additives and concerns toward the depletion of animal sources are some factors hampering the growth of the market. However, increasing investments to develop plant based collagen and the growing list of producers are various opportunities which can grow the market in forecast period.
The collagen peptides market is segmented by source, application and geography
On the basis of source, the collagen peptides market is segmented into cattle hide & bones, pigskin, poultry and fish. The pigskin segment dominated the collagen peptides market in 2018 and is expected to dominate during the forecast period. Whereas, the cattle hide & bones segment is anticipated to be the fastest growing segment during the forecast period.
The applications of the collagen peptides market is segmented into nutritional products, beverages, dairy products, meat & poultry products and snacks & cereals. Among these, the nutritional products segment dominated the global collagen peptides market in 2018. Proteins play an important role in the growth of the nutritional products segment. Collagen peptides, due to their high binding properties, are used as a partial glucose replacer in protein bars.
Geographically, the global collagen peptides market is diversified into North America, Europe, Asia-Pacific and rest of the world. The North America region dominated the collagen peptide market in the 2018, owing to increasing health consciousness among consumers in these region. Whereas, Asia Pacific is projected to emerge as the most promising region during the forecast period.
The key companies operating in the market are Cargill, Darling Ingredients, Tessendelro Group, Kewpie Corp., Danish Crown, Gelnex, Gelita AG, Itlagelatine S.P.A., Lapi Gelatine, Nitta Gelatine, Weishardt Group and Junca Gelatines. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market. For instance, on August 2017, Tessendelro Group parent company of PB Gelatins/PB Leiner presented its new collagen peptides innovations: The SOLUGEL BD SERIES.
The collagen peptides market is segmented by source, application and geography. On the basis of source, the collagen peptides market is segmented into cattle hide & bones, pigskin, poultry and fish. The pigskin segment dominated the collagen peptides market in 2018 and is expected to dominate during the forecast period.
The applications of the collagen peptides market is segmented into nutritional products, beverages, dairy products, meat & poultry products and snacks & cereals. Among these, the nutritional products segment dominated the global collagen peptides market in 2018. Proteins play an important role in the growth of the nutritional products segment. Collagen peptides, due to their high binding properties, are used as a partial glucose replacer in protein bars.
Geographically, the global collagen peptides market is diversified into North America, Europe, Asia-Pacific and rest of the world. The North America region dominated the collagen peptide market in the 2018, owing to increasing health consciousness among consumers in these region.
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