Collagen Peptides Market- Emerging Trends & Industry Forecast

By Author: MarketsandMarkets
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According to MarketsandMarkets, the collagen peptides market size is estimated to be valued at USD 631 million in 2021 and is projected to reach USD 828 million by 2026, recording a CAGR of 5.6% during the forecast period in terms of value. It is driven by increasing applications in food & beverage sector including functional foods, therapeutic food, dietary supplements, sports nutrition, and beverages. Consumers have started opting for healthy diets, owing to the increasing awareness about health & wellness, and changing lifestyles. Collagen peptides are being used in various food and beverage products as an ingredient because of their versatile nature.

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Some of the prominent key players are:

• Tessenderlo Group (Belgium)
• GELITA AG (Germany)
• Holista Colltech (Australia)
• Darling Ingredients (US)
• Nitta Gelatin (Japan)
• Gelnex (Brazil)

Market Dynamics

Drivers: ...
... Cosmetic and personal care products using collagen peptides

Collagens present in the skin are responsible for skin structure. Collagen fibers present in the human skin get damaged with time, losing thickness and strength, resulting in skin aging. Collagen peptides are being used in cosmetic and personal care products. They are used in the form of creams and are used as nutritional supplements for the bones. They are also used for skin replacement and the augmentation of soft skin, among others. They are used in various personal care products, such as soaps, shampoos, body lotions, and facial creams. Collagen peptides act as surfactants and washing agents while used in shampoos and shower gels.

Restraints: Cultural restriction on the consumption of animal-sourced protein

Collagen peptides are animal by-products formed from the collagen of slaughtered animals, which include the bones, hides, and hooves of cattle, pigs, fish, and poultry. As a result, individuals with religious or dietary restrictions that forbid the consumption of animal products are not willing to consume those products that use collagen peptides. For instance, in the Middle Eastern and Muslim communities, pork and pork-derived products are strictly forbidden. Hence, they prefer to consume halal-certified bovine-derived products. In these regions, the market for collagen peptides manufactured by pork skin is estimated to be negligible.

Opportunities: Promotion of healthy diets by governments

Inadequate consumption of essential nutrients increases the risk of various chronic and cardiovascular diseases, such as hypertension (high blood pressure), cancer, obesity, and diabetes. With globalization and higher exposure to other cultures (especially Western lifestyles), consumers’ eating patterns have also changed, with an increase in snacking and eating meals in restaurants.

Challenges: Insufficient processing technologies across the globe

The extraction and processing of collagen peptides require highly advanced technology. After extracting the edible collagen from porcine/bovine/fish skins, it is sent for the filtration process and ion exchange. The filtration process involves microfiltration technology, where the fluid is allowed to pass through a porous membrane. This is followed by heat sterilization, which requires high-temperature heat treatment and ultimately drying the product through spray drying technology.

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By source, bovine was the largest source in the global collagen peptides market.

By source, bovine was the largest source in the global market. Bovine collagen peptides are relatively less costly and easily available in the market. It is the best option for consumers who are health- and beauty-conscious. Some of the benefits associated with bovine collagen are that it hydrates the skin, supports digestion and heals the gut, supports muscle strength, and supports hair growth and nail health.

By application, pharmaceuticals is the fastest growing application in the global collagen peptides market.

By application, pharmaceuticals is the fastest growing application in the global market. A high potential of collagen and its peptides is found in the pharmaceutical industry. Biotechnological advancements have discovered the utilization and incorporation of collagen in pharmaceutical applications as bioactive compounds or functional biomaterials. Collagen peptide products are specifically designed by manufacturers to meet the stringent safety and quality specifications for emerging biomedical applications. Collagen finds numerous applications in the pharmaceutical industry, in medical devices, scaffolds for tissue regeneration, and in the drug delivery system.