The Global Trends for collagen peptides

The Global Trends for collagen peptides

With the increasing demand for collagen peptides in the food and beverage industry, as it is an important functional food ingredient in many food products, the collagen peptide market is expected to witness gradual growth over the estimated period. Furthermore, rising health awareness among individuals, boosting the consumption of nutritional products, is expected to increase the demand for collagen peptides during the analysis period. Furthermore, increasing government initiatives to promote healthy eating and R&D activities to develop new customer-oriented products are expected to create substantial growth opportunities for the collagen peptides market over the forecast period. However, availability of alternatives and strict regulations on approval of food of animal origin are likely to hinder the market growth throughout the estimated period.

Collagen Peptides Market Segments

Bovine collagen peptides held the largest share with a market share of 40.4% and are expected to continue to grow steadily during the analysis period. The increasing utilization of bovine animal organs such as bones, ligaments, etc. owing to the increasing consumption of cattle globally is expected to boost the growth of the market segment over the forecast period.

Application: The most productive food and beverage segment

The food and beverage segment accounted for USD 278.6 million in 2019, growing at a CAGR of 7.7% over the forecast period. The increasing use of collagen peptides in the food and beverage industry owing to their high absorbency, texturing, and thickening properties is expected to amplify the growth of the collagen peptides market sub-segment over the analysis time frame.

Region: North America has the largest market share

The collagen peptide market in North America is expected to grow at a CAGR of 8.6% and is expected to create a huge investment opportunity for the market during the estimation period. This is mainly because collagen-based supplements are very popular in the region as a source of energy and nutrition. Furthermore, the increasing use of collagen peptides by the healthcare industry in the region to develop regenerative medicines for arthritis control is expected to augment the regional growth of the market over the forecast period.

Covid-19 Impact on Collagen Peptides Market

The outbreak of the novel corona virus has negatively impacted the collagen peptide market as well as various other industries. This is mainly due to the decline in global consumption of seafood and beef products, as the main source of raw materials for collagen products is fish and beef waste. However, in times of crisis, the innovative strategies of leading market players launching new products and new businesses have augmented the growth of the market.

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