The global collagen peptides market size is expected to reach USD 1,029.1 million by 2030, according to a new study by Polaris Market Research. The report “Collagen Peptides Market Share, Size, Trends, Industry Analysis Report, By Application (Food & beverages, Nutritional products, Dietary supplements, Sports nutrition, Cosmetics & personal care products, Pharmaceuticals, Others); By Form; By Source; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The factors such as consumer inclination towards healthy lifestyles and collagen peptides across various verticals are driving the industry growth during the forecast period. As a result of the development of numerous diseases, nutritional deficiencies, and a tendency for healthy aging, among other factors, growing consumer health consciousness has resulted in increased consumer demands for functional and enhanced food and beverage products. For instance, as per the WHO, in 2020, there were 149.2 million underdeveloped children under the age of five, 45.4 million wasted children, and 38.9 million overweight children worldwide.
Further, rising consumer nutrition consciousness has resulted in a demand for food products with specific functionalities that will satisfy their requirements and address various aspects of health. In January 2021, Darling Ingredients Inc. introduced Peptan® Marine collagen peptides derived from 100% wild-caught marine white fish to assist beauty and nutritious food brands expand their portfolio with premium nutritional supplements. Thus, the rising launches of peptides for nutrition benefits drive the market growth during the forecast period.
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Based on the application, the pharmaceuticals segment accounted for the leading share in the market. In the pharmaceutical market, collagen peptides have a high potential. Biotechnological developments have revealed the use and integration of collagen as bioactive material. Manufacturers specifically design collagen peptide products and services to meet stringent safety standards.
Industry players such as Darling Ingredients, Collagen Solutions plc, Foodmate Co. Ltd., Ewald-Gelatine, Gelnex, Holista Coltech, GELITA AG, and Nippi. Some key players are Inc., Lapi Gelatine S.p.a, Nitta Gelatin, Tessenderlo Group, Suboneyo Chemicals Pharmaceutical P Ltd., Vital Proteins LLC., and Weishardt Group operating in the global market.
In May 2021, the Western Australian Government awarded Holista Colltech a USD 0.5 million grant through the Collie Futures Industry Development Fund to broaden its collagen production. Holista Colltech will continue to grow higher-quality medical-grade collagen due to this project.
Polaris market research has segmented the collagen peptides market report based on application, form, source, and region:
Collagen Peptides, Application Outlook (Revenue - USD Million, 2018 – 2030)
Collagen Peptides, Form Outlook (Revenue - USD Million, 2018 – 2030)
Collagen Peptides, Source Outlook (Revenue - USD Million, 2018 – 2030)
Collagen Peptides, Regional Outlook (Revenue - USD Million, 2018 – 2030)