Press Release

Collagen Peptides Market Expected to Reach USD 1.4 Billion by 2030 After Valuation of USD 722 Million in 2023

The Global Collagen Peptides Market size was valued at around USD 722 million in 2023 and is projected to reach USD 1.4 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. This flourishing requirement is attributed to several factors such as population expansion coupled with rising disposable income which increases healthcare spending. Collagen peptides as an ingredient used in healthcare products due to multiple associated benefits, thus increasing demand for healthcare products is augmenting the size & volume of the collagen peptides industry globally.

Furthermore, wholesome diets are necessary given the rising number of people who are concerned about their health and fitness. Supplements that promote joint health and muscular growth contain collagen peptides. Additionally, athletes utilize these supplements mostly because they help increase muscular performance. By raising public understanding of nutrition and fitness, government action against unhealthy consumption also promotes healthy consumption.  It is easier to improve one's health when you consume hydrolyzed collagen as a nutrition food and supplement. As a result, growing consumer knowledge of this benefit has increased product consumption, which is accelerating market growth & expansion.

As collagen peptides come from animal slaughter, some people are discouraged because of their religious convictions. This explains the predicted fall in the global collagen peptides industry's growth graph since several nations forbid the use of collagen peptides. However, using marine sources to obtain collagen peptides is thought to be a valuable source. As a result, the collagen peptides industry is anticipated to grow & expand during the forecast period as it helps prevent transmissible diseases.

Moreover, the best businesses produce peptide-based skincare, haircare, and wellness items as well as biomedical materials and dental surgical instruments. The market position and reputation of these leading companies are also driving up demand for collagen peptides. Their easy access and strong brand image facilitate the simple selling of novel peptide-based goods, further states the research report, “Global Collagen Peptides Market Analysis, 2024.”

Collagen Peptides Market Segmentation Analysis

Food & Beverages Segment Holds the Largest Market Share

Based on the application, the market is further bifurcated into, Personal Care & Cosmetic, Pharmaceutical, Nutritional Products, and Food & Beverages. The highest share of the global peptides industry is occupied by the Food & Beverages segment. To maximize income from this application area, collagen peptides help preserve the structure of different tissues and organs as well as enhance the elasticity, consistency, and stability of food products. Furthermore, consumers' preference for nutritious foods was driven by growing health consciousness and good lifestyle choices.

Because of the need for a balanced diet to support this tendency toward fitness, collagen peptides are employed as a component of functional, therapeutic, and nutritional meals as well as dietary supplements, offering a host of health advantages.  Athletes are drawn to collagen peptides because they strengthen ligaments and joints, which is why the food and beverages segment is seeing a steady increase in collagen peptides demand.

North America Leads the Collagen Peptides Industry

North America holds the greatest market share in the global collagen peptides industry. This is because there are well-known fitness centers and health clubs that push those who care about their fitness and well-being to eat healthily. Additionally, as chronic diseases become more common, more people are using products containing collagen peptides. Furthermore, people in this region are spending more on collagen peptide-based cosmetics and healthcare items since they are healthier and have more discretionary cash. Consequently, the market for collagen peptides in North America is seeing maximum revenue growth due to the rising demand for these products.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Tessenderlo Group, Gelita, Holista Colltech, Darling Ingredients, Nitta Gelatin, Gelnex, Lapi Gelatine, Weishardt, Crescent Biotech, Foodmate, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?