Collagen Peptide Market Poised for Striking Growth, Expected to Reach US$ 1,227.24 Million by 2033

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 abundant proteins in the body, and it provides structural support to hair, nails, skin, ligaments, bones, and tendons. Collagen allows muscles to flex, bend, and stretch more freely. Collagen is in charge of hair shine, skin radiance, and strong nails.   It contains amino acids such as hydroxyproline, proline, and arginine, which help to maintain the health of connective tissue, skin, hair, and nails.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-14891

Collagen production decreases with age and increases with the amount of stress on our bodies. Ingesting ingestible collagen as part of a well-balanced diet can aid in the regeneration of vitamins and minerals that were depleted or broken down in bodies. As a result demand for collagen peptides is expected to rise.

Collagen is used in various cosmetic products and personal care products due to its anti-ageing properties. Collagen is a vital skin component. The dermis source of collagen is responsible for the skin’s elasticity, flexibility. It helps to maintain skin firmness, plumpness, moisture and elasticity as it ages. As a result intake of collagen capsules and supplements is expected to rise. Collagen is also an important ingredient of different dietary beverages and health supplements. Due to its functional benefits, it is used as an additive in many food products. These factors are expected to further push 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.

Get Customized Report
https://www.futuremarketinsights.com/customization-available/rep-gb-14891

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.

Have Word with Report Analyst
https://www.futuremarketinsights.com/ask-question/rep-gb-14891

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)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

 

 

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these