In 2023, the global collagen peptide market is expected to expand by US$705 million. It is expected to rise at a respectable 5.7% CAGR during the forecast period, reaching more than US$ 1227.24 million by the end of 2033.
Collagen is one of the most prevalent proteins in the body, providing structural support for hair, nails, skin, ligaments, bones, and tendons. Collagen helps muscles flex, bend, and stretch more readily. Collagen is responsible for hair gloss, skin vibrancy, and strong nails. It contains amino acids including hydroxyproline, proline, and arginine, which promote the health of connective tissue, skin, hair, and nails.
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Collagen production declines with age and increases with the level of stress on our bodies. Ingesting ingestible collagen as part of a well-balanced diet can help to replenish vitamins and minerals that have been lost or broken down in the body. As a result, demand for collagen peptides is projected to increase.
Collagen’s anti-aging effects make it useful in a variety of cosmetic and personal care products. Collagen is an essential skin component. The suppleness and flexibility of the skin are due to collagen production in the dermis. It helps to keep skin tight, plump, moist, and elastic as it ages. As a result, consumption of collagen capsules and supplements is likely to increase. Collagen is also a key component of several dietary beverages and health supplements. Because of its functional properties, it is commonly utilised as an addition in food products. These factors are projected to drive up the demand for collagen peptides.
Easy availability of different collagen peptide products and rise in disposable income is expected to generate more demand from regions like North America, Europe. Many consumers in Asia pacific are on lookout for easy consume minerals to develop good health which is expected to open doors for many new opportunities during the assessment period.
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Key Takeaways from Market Study
- North America collagen peptide market is estimated to be valued at US$ 58 Mn in the year 2022 and to register a value of US$ 207 Mn in 2032, witnessing a CAGR of 5.6% in the forecast period
- Market share of Latin America and Oceania is 4.4% and 3.9%, respectively, in 2022.
- The European collagen peptide market is expected to reach USD at 138 Mn
- Growing customer preference for healthy products that enhance body immunity against foreign pathogens is expected to increase demand for collagen peptide products across global markets.
- By form, liquid collagen holds the highest market share but dry collagen peptide is expected to have a high growth rate of 5%
“Key players of collagen peptides are investing heavily in research and developmental activities to offer plant-based collagen products for consumers that prefer sustainable labels. Collagen products are expected to generate maximum revenue due to its wide end-use application and consumer willingness to spend on vitamins and minerals to maintain good health.” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers have invested substantially to gain insight into consumer preferences and develop products that fulfil consumer requirements. Mergers and alliances have been a prominent growth strategy practised by companies planning to extend their market presence in the global collagen peptide market.
- Nestle Health Science acquired Vital Proteins, a Chicago-based manufacturer of collagen-based foods, beverages, and supplements. Nestle first bought a majority stake in Vital Proteins in June 2020, and the company has shown “amazing growth” over the last two years due to consumer inclination towards collagen-based products.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global collagen peptide, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Collagen Peptide Market, By Source (Bovine, Porcine, Marine & Poultry), Application (Food & beverages, Pharmaceuticals, Cosmetics), Sales Channel (Offline Sales Channel, Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel, Online Sales Channel (Company Website, E-commerce Platform), Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)
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