Functional Foods Trend Propels Collagen Peptides Market Forward"

Overview

Global Collagen Peptides Market size is expected to be worth around USD 1411 Million by 2033, from USD 818 Million in 2023, growing at a CAGR of 5.6% during the forecast period from 2023 to 2033.

The Collagen Peptides Market refers to the industry that encompasses the production, distribution, and consumption of collagen peptides. These are short chains of amino acids derived from collagen, a protein abundant in the connective tissues of animals. Collagen peptides are highly sought after for their potential health benefits, including improved skin elasticity, joint health, and muscle recovery.

The market includes various forms of collagen peptides, such as powders, capsules, and beverages, catering to different consumer preferences and applications in health supplements, food and beverages, and cosmetics.

Driving the growth of the collagen peptides market is the increasing awareness among consumers about the health benefits associated with collagen consumption. The aging population, coupled with a rising interest in health and wellness, has led to a surge in demand for products that promote skin health and joint functionality.

Additionally, the versatility of collagen peptides in various applications, from nutritional supplements to functional foods, has further fueled market expansion. This demand is reflected in the growing number of new product launches and innovations by manufacturers aiming to capture a larger share of the market.

Geographically, the collagen peptides market is expanding globally, with significant growth observed in regions such as North America, Europe, and Asia-Pacific. In North America and Europe, the market is driven by a well-established dietary supplement industry and high consumer awareness.

Meanwhile, in Asia-Pacific, rising disposable incomes and increasing health consciousness are contributing to market growth. Key players in the market are continuously investing in research and development to improve product efficacy and sustainability, further propelling the market forward.

Key Market Segments

By Source

Bovine

Pigskin

Marine & Poultry

Others

By Form

Dry

Liquid

By Application

Food & beverages

Pharmaceuticals

Cosmetics

Nutraceuticals

Others

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In 2023, the bovine segment held a dominant position in the collagen peptides market, capturing over 38.6% share. This segment benefits from the widespread availability and cost-effectiveness of bovine sources. Bovine collagen peptides are popular due to their high compatibility with the human body, extensively used in supplements for joint and bone health, as well as in skin care products for their anti-aging properties.

The dry form of collagen peptides also led the market in 2023, with a commanding 64.6% share. Favored for its convenience, long shelf life, and ease of incorporation into various products such as powders, capsules, and tablets, dry collagen is particularly popular in the dietary supplements market. Its ease of storage and transportation makes it a practical choice for manufacturers and consumers alike.

Additionally, the food and beverages segment captured over 46.3% of the market share in 2023. This segment leads due to the increasing incorporation of collagen peptides into a variety of products such as snacks, beverages, dairy products, and confectionery. Collagen’s nutritional benefits, including enhanced protein content and support for overall health, make it a popular ingredient among health-conscious consumers.

Market Key Players

Advanced BioMatrix, Inc.

Amicogen

Collagen Solutions Plc

ConnOils LLC

Darling Іngrеdіеntѕ Іnс.

Ewald-Gelatine GmbH

FOODMATE CO. LTD.

Gelita AG

GELNEX

Holista CollTech Ltd.

ITALGELATINE S.p.A.

Juncà Gelatines SL

Nestle SA

Nippi Inc.

Nitta Gelatin, NA Inc.

Resendable Group

Rousselot

Symantec

Tessenderlo Group NV

Titan Biotech

Weishardt Holding SA

Xiamen Yiyu Biological Technology Co., Ltd.

Driver: A significant driver for the Collagen Peptides Market is the rising global awareness of health and wellness. This trend boosts demand for products that promote skin health, enhance joint mobility, and improve overall vitality. Recognized for improving skin elasticity, strengthening joints and bones, and aiding muscle recovery, collagen peptides are increasingly popular in dietary supplements and functional foods.

Restraint: A major restraint in the Collagen Peptides Market is the ethical and sourcing concerns related to animal-derived collagen production. Collagen peptides are primarily sourced from animal bones, skin, and connective tissues, raising ethical, environmental, and sustainability issues. These concerns influence consumer preferences and market dynamics.

Opportunity: A significant opportunity within the Collagen Peptides Market is the development of plant-based collagen alternatives. As consumer preferences shift towards ethical, sustainable, and vegetarian-friendly products, the demand for plant-based options is increasing. This trend offers manufacturers a chance to innovate and capture a new market segment seeking alternatives to animal-derived collagen.

Trend: A prominent trend in the Collagen Peptides Market is the increased incorporation of collagen peptides into functional foods and beverages. Driven by growing consumer demand for products that provide specific health benefits, manufacturers are adding collagen to everyday food and drink items. This makes it easier for consumers to integrate collagen into their daily diets, enhancing skin appearance, joint health, and overall wellness.