The global collagen peptides market was valued at USD 665 million in 2022 and is expected to increase from USD 699 million in 2023 to USD 922 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.7% during the forecast period. The rising value of collagen peptides can be attributed to their expanding use across various industries, including medical, cosmetics, food, and pharmaceuticals. This growth is further fueled by a heightened awareness of health among consumers in emerging markets such as Asia Pacific, the Middle East, Africa, and South America.
Collagen Peptides Market Drivers: Rising Demand for Collagen Peptides in the Cosmetics and Personal Care Industry
Collagen plays a vital role in maintaining the skin’s structure. However, as we age, collagen fibers in the skin become damaged, resulting in reduced thickness and strength, which contributes to visible aging signs. To counter this, collagen peptides are being increasingly used in cosmetic and personal care products. These peptides are commonly included in creams and nutritional supplements that promote bone health, as well as in treatments for skin regeneration and soft tissue repair. They are featured in a range of personal care products such as soaps, shampoos, body lotions, and facial creams.
In the cosmetic industry, collagen peptides are utilized in soft tissue augmentation, cosmetic surgeries, and for rejuvenating the face and hands. They are especially effective in dermal fillers, addressing volume loss and enhancing facial contours. With the aging population on the rise and increasing disposable incomes, the demand for collagen peptides in cosmetics and personal care products is expected to grow significantly in the coming years.
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What are the latest technological advancements in collagen extraction and production?
Technological advancements have played a pivotal role in driving the collagen peptides market by revolutionizing extraction and production techniques. Traditional methods like boiling and acid treatment have evolved into modern enzymatic hydrolysis, where specific enzymes are used to efficiently break down collagen into smaller peptides. This not only boosts efficiency but also results in higher-quality collagen peptides.
Furthermore, these innovations have broadened the spectrum of collagen sources, enabling the creation of a wider variety of collagen peptide products that cater to diverse dietary preferences. Improved purification and concentration processes have yielded collagen peptides with enhanced purity and standardized molecular weight, ensuring consistent quality and efficacy. As a result, these technological strides have made collagen peptide extraction more accessible and cost-effective, leading to increased product availability and fueling market growth.
Growing Consumer Health Awareness and Rising Collagen Use in Food and Beverage Sector to Drive Collagen Peptides Market Growth
Collagen peptides find applications across various sectors, including functional foods, therapeutic products, dietary supplements, sports nutrition, and beverages. Their versatile nature makes them valuable ingredients in many food and beverage items, enhancing their integration into these products.
Furthermore, manufacturers are increasingly incorporating collagen peptides into dairy items, as they contribute to a clean label appeal. These peptides offer numerous health benefits, aiding in the building and repair of muscles, tendons, ligaments, and cartilage that may be strained during exercise. They also help reduce post-exercise joint pain, strengthen joints and ligaments, and enhance athletic performance. As consumers prioritize healthy and active lifestyles, the demand for collagen in dietary supplements is on the rise. With growing awareness of health and wellness, the collagen peptides market is poised for significant growth in the forecast period.
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Asia Pacific to boost market growth during the forecast period
The Asia Pacific region is anticipated to be a key driver of growth in the collagen peptides market during the forecast period. This growth is supported by the region's expanding livestock industry, fueled by population growth, urbanization, and rising demand for animal meat and collagen-based products. Notably, countries like China are among the leading global exporters of collagen.
Top Collagen Peptides Companies:
The key players in this market include Tessenderlo Group (Belgium), Gelita AG (Germany), Holista Colltech (Australia), Darling Ingredients (US) ,Nitta Gelatin (Japan), Nitta Gelatin (Japan), Gelnex (Brazil), Lapi Gelatine S.p.a (Italy), Weishardt (France), Nippi, Inc (Japan) ,Viscofan DE GmbH (Germany), Kayos (India), Crescent Biotech (India), Foodmate Co., Ltd (China), Amicogen, Inc (South Korea) and Biocell Technology (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their global market presence.
Key Questions Addressed by the Collagen Peptides Market Report:
What are collagen peptides?
What are the health benefits of collagen peptides?
What are the main sources of collagen peptides?
Who are the key players in the collagen peptides market?
What factors are driving the growth of the collagen peptides market?
How is the collagen peptides market segmented?
What are the challenges faced by the collagen peptides market?
What are the major trends in the collagen peptides market?
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