Collagen Peptide Market Size was valued at USD 1.2 Billion in 2023. The collagen peptide market industry is projected to grow from USD 1.278 Billion in 2024 to USD 2.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2024 - 2032). The rising use of collagen peptides in various industries, including medicine, cosmetics, food, and pharmaceutical applications, has dramatically increased the price of these substances. Additionally fueling this increase is the rising consumer health consciousness in developing areas like Asia Pacific, South America, Africa, and the Middle East are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising demand in the personal care industry drives Market CAGR for collagen peptides. The skin's collagens are what gives the skin its structure. The collagen fibers in human skin suffer damage over time, losing thickness and strength, which causes the skin to age. Products for personal care and cosmetics employ collagen peptides. They are utilized as nutritional supplements for the bones and come as lotions. In addition, they are employed for soft skin augmentation and skin replacement. Numerous personal care items include soaps, shampoos, body lotions, and facial creams. Collagen peptide is utilized for face and hand rejuvenation, cosmetic surgery, and soft tissue augmentation in cosmetic applications. The dermal filler uses it to correct volume inadequacies and enhance facial contour. The demand for collagen peptides used in cosmetics and personal care products is expected to increase in the coming years as the world's population ages and per capita incomes rise. Thus, driving the collagen peptide market revenue.
The risk of several chronic and cardiovascular diseases, including cancer, obesity, diabetes, and hypertension (high blood pressure), increases when vital nutrients are not consumed sufficiently. Consumers' consumption habits have evolved due to globalization and increased exposure to various cultures, particularly Western lifestyles, including a rise in snacking and eating at restaurants. Promoting a healthy diet by government associations and organizations like the WHO and FAO aims to increase consumer knowledge, aptitude, preferences, attitudes, and behavior regarding diet and nutrition. These groups have taken part in campaigns to encourage healthy eating. For instance, the USDA unveiled the "Start Simple with MyPlate Campaign" in March 2019 to gradually improve Americans' busy lifestyles regarding their health and well-being.
Consumers consume a lot of nutritional meals and dietary supplements that use hydrolyzed collagen in various ways. Government programs promoting a healthy lifestyle would raise the demand for these goods, directly impacting the market for collagen peptides.
The market will continue to expand as this technology is anticipated to improve the stability and bioavailability of collagen peptides. As customers increasingly look for goods that offer many health benefits, developing collagen peptide blends that combine, additional functional components are also anticipated to propel market expansion.
Based on the source, the collagen peptide market segmentation includes animal- based collagen and marine-based collagen. The animal-based collagen segment dominated the market, accounting for 55% of market revenue (0.6 Billion). The animal-based source currently holds the largest market share in the world, although marine-based collagen peptides offer the highest protein content, no fat, and the best absorption rate.
Based on application, the collagen peptide market segmentation includes food & beverages, pharmaceuticals & nutraceuticals, personal care and others. The food & beverages category generated the most income (68%). Collagen peptides are employed in various products, including beverages, dietary supplements, and functional, therapeutic, and nutritional foods. Due to their adaptability, they are also utilized as ingredients in various food and beverage products. Collagen peptides' characteristics facilitate their increased incorporation into dietary products. Additionally, because collagen peptides offer a clean label, producers increasingly use them to create dairy products. Collagen peptides provide multiple health advantages.
They assist in constructing and repairing strained muscles, tendons, ligaments, and cartilage. Post-exercise joint soreness can be lessened with protein. Additionally, it enhances athletic performance by strengthening ligaments and joints. The usage of collagen in dietary supplements is essential for maintaining active and healthy lifestyles. Due to rising health and wellness awareness and shifting lifestyles, consumers have begun choosing nutritious diets. Therefore, the market for collagen peptides has a promising future over the projection period.
Figure 1: Collagen Peptide Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American weight loss products market will dominate this market due to rising health consciousness and the prevalence of chronic diseases. In addition, the growing number of established health clubs and fitness facilities will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: COLLAGEN PEPTIDE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's collagen peptide market accounts for the second-largest market share due to the increasing demand for personal care products in the region. Further, the German collagen peptide market held the largest market share, and the UK was the fastest-growing market in the European region.
The Asia-Pacific Collagen Peptide Market is expected to grow at the fastest CAGR from 2023 to 2032. This is brought on by rising per capita disposable income, increased awareness of a healthy lifestyle, and good nutrition. Moreover, China’s collagen peptide market held the largest market share, and the Indian collagen peptide market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the weight loss products market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The collagen peptide industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the collagen peptide industry to benefit clients and increase the market sector. In recent years, the collagen peptide industry has offered some of the most significant medical advantages. Major players in the collagen peptide market, including Junca Gelatines, S.L. (Spain), Italgelatine S.p.a (Italy), Gelita AG (Germany), Nitta Gelatin Inc. (Japan), Ewald-Gelatine GmbH (Germany), Danish Crown (Denmark), Kewpie Corporation (Japan), Tessenderlo Group (Belgium), Darling Ingredients (US), Cargill Inc. (US)., and others are attempting to increase market demand by investing in research and development operations.
Gelita AG produces gelatin and collagen peptides in the culinary, health, nutrition, pharmaceutical, and technical industries. Its main office is in Eberbach, Germany.
In addition to its four headquarters, Gelita, founded in 1875, has 21 production facilities spread over North America, South America, Europe, South Africa, Asia, Australia, and New Zealand. The biggest gelatin factory in the world is located in Sergeant Bluff, Iowa. The organization conducted business as DGF Stoess & Co. GmbH in 1972. The business became a public limited corporation in 1989. The Gelita Group became the division's name that produces gelatin in 1999. All organizations began selling gelatin under the Gelita brand in 2005.
A Danish food company with an international focus, Danish Crown operates a butchery, processes, and sells principally pig and cattle. The group is well-represented in the food industry, with a wide range of products through several subsidiaries. The company's headquarters are in Randers, and the CEO is Jais Valeur. 5,620 Danish farmers own the Danish Crown company, which yearly contributes about 49 billion meals for people worldwide. About 26,600 people work for the business, with a DKK 60 billion turnover and 89 industrial locations, 40 warehouses, and 38 offices across 30 countries. The company is the largest pork producer in Europe and the greatest pork exporter in the world. In addition to being a major player in the European beef market, the Danish Crown group is also the biggest meat processing company in Europe. Danish Crown exported 24 billion Danish kroner in the 2020–21 fiscal year. This is equivalent to roughly 20% of Danish food exports and roughly 3% of Danish goods exports.
Collagen Peptide Industry Developments
December 2020: 65% of the shares of Turkish gelatine company SelJel (Turkey) were purchased by Gelita AG (Germany). The purchase is a key component of the business' expansion strategy and will help satisfy the rising demand for halal beef gelatin.
August 2023: Based on PB Leiner's technology, Tessenderlo Group (Belgium) and Hainan Xiangtai Group formed a joint venture to produce and market fish collagen peptides. The new business allows Tessenderlo Group, a leader in the gelatine and collagen solutions industry, to create and market a comprehensive range of premium SOLUGEL® fish collagen peptides products, taking advantage of the rising demand for high-quality marine collagen.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)