Number of pages: 100 | Report Format: PDF | Published date: February 14, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
According to the deep-dive market assessment study by Growth Plus Reports, the global collagen peptide & gelatine market was valued at US$ 7.6 billion in 2021 and is expected to register a revenue CAGR of 5.3% to reach US$ 12.09 billion by 2030.
Collagen Peptide & Gelatine Market Fundamentals
Collagen and gelatin are found in various parts of the human body, especially in the skin and bones. The body’s natural production of collagen decreases with age. Chronic diseases caused by a shortage of collagen include osteoporosis (bone and joint soreness), chronic wounds, cardiovascular disease, and other neurological conditions. These chronic disorders cause organ and tissue loss, prompting the need for the development of medicines that regenerate tissues.
Collagen protein is used in a variety of industries, including biomedicine and skincare. When compared to other natural polymers and their synthetic equivalents, collagen has a number of advantageous features that support its usage as a possible biomaterial. Due to its biological features, such as excellent biocompatibility, biodegradability, and low antigenicity, collagen is a highly sought biomaterial. This protein, which is largely present in bones, ligaments, and tendons, accounts for around 30% of all protein in the body.
Cattle, pigs, and fish are the primary sources of collagen, with poultry, equines, rat tails, silkworms, and sheep serving as minor supplies. Gelatin is also known as a multipurpose component due to its properties, such as gelatin water binding foaming elasticity, binding, emulsifying, film forming, and viscosity, which contribute texture and stability to goods. Furthermore, gelatin is one of the most frequently used food additives, particularly in the confectionery industry and various dairy goods, such as cream desserts, yogurts, and a wide range of reduced-fat dairy products, to improve the product’s stability and texture. As demand for these products grows, several companies are focused on them. This, in turn, is fueling the collagen peptide & gelatin market.
Collagen Peptide & Gelatine Market Dynamics
The global collagen peptide & gelatin market has seen promising growth as the global population’s concerns about health and wellness have increased. Furthermore, rising demand for dietary supplements, increased usage of collagen in the food and beverage industry, consumer preference for a healthy and protein-rich diet, and increase in the usage of collagen peptide and gelatin in cosmetic, pharmaceutical, and healthcare applications drive the global collagen peptide & gelatin market. Additionally, the expansion of the global food processing industry and the rise in cases of general lifestyle disorders have prompted a paradigm shift in consumers, who now favor nutraceutical and functional foods as a means of preventing age-related diseases. Furthermore, the usage of collagen in wound healing is one of the important market trends due to the rise in obese and geriatric populations worldwide. Moreover, an increase in understanding about the nutritional benefits of dietary supplements is expected to boost global demand for collagen peptides.
However, safety concerns, an increase in the usage of alternatives, such as modified starch gels, pectin gels, carrageenan, and high acyl gellan gum, and religious factors are expected to impede the global collagen peptide & gelatin market revenue growth during the forecast period. Nevertheless, an increase in R&D expenditure to develop plant-based gelatin and collagen, as well as an increase in the number of manufacturers, is projected to present profitable opportunities in the coming years.
Collagen Peptide & Gelatine Market Ecosystem
The global collagen peptide & gelatin market has been analyzed from four perspectives: source, product type, application, and region.
Collagen Peptide & Gelatin Market by Source
Based on source, the global collagen peptide & gelatin market has been segmented into bovine, porcine, poultry, marine, and others.
The bovine segment is expected to dominate the market during the forecast period. The high biocompatibility and biodegradability of bovine are resulting in its expanding application in regenerative medicine. Bovine and porcine protein sources are often less expensive due to the vast volume of domestic animal rearing (cows and pigs).
Collagen Peptide & Gelatin Market by Product Type
Based on product type, the global collagen peptide & gelatin market has been segmented into gelatine and peptide.
The gelatin segment dominates the market owing to its high usage in the food & beverage industry and the manufacture of cosmetics and medicine. Gelatin is formed as a result of partial hydrolysis of collagens. Gelatin dissolves in hot water and gel when chilled. Peptides, on the other hand, are created by further hydrolysis of gelatin. These peptides are water soluble, easily digested, and ready for absorption by the human body.
Collagen Peptide & Gelatin Market by Application
Based on application, the global collagen peptide & gelatin market has been segmented into pharmaceuticals, food & beverages, cosmeceuticals, nutraceuticals, and others. The food & beverages segment dominates the global market.
Collagen Peptide & Gelatin Market by Region
Based on the region, the global collagen peptide & gelatin market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America is the largest revenue contributor in the global market due to increased healthcare awareness and adoption of collagen peptides in the region. The combination of increased demand for nutraceuticals and technological innovation is expected to move the sector forward. Furthermore, food and beverage have the greatest market penetration, particularly in bread products. The increase in the focus of regional food processing companies to expand their customer reach and food production is expected to result in increase in market demand.
The market in Europe is expected to register growth at a faster revenue CAGR due to increased usage of collagen and gelatin in cosmetics, nutritional supplements, and other applications. Changing lifestyle trends in the food and beverage sector have also had an impact on collagen market growth in the region. Gelita AG, Protein S.A., and Ewald-Gelatin GmbH are among the well-known players with a presence in Europe. The two main trends influencing the region’s collagen business are the need for nutrient-dense nutritional supplements and the popularity of anti-aging beauty products. In the food supplement business, shifting lifestyle habits have a substantial impact on consumers’ buying patterns.
Due to the presence of several developing economies, Asia Pacific is expected to lead the global market in terms of revenue growth rate. Increased demand for nutritional supplements, rising disposable income, and a diverse range of uses are projected to contribute to the industry’s expansion. The growing acceptance and application of products in the food and beverage, cosmetics, pharmaceutical, and nutraceutical industries are propelling market revenue growth in this region.
Collagen Peptide & Gelatine Market Competitive Landscape
The prominent market players in the global collagen peptide & gelatin market include:
Collagen Peptide & Gelatine Market Strategic Developments
North America is the key revenue growth region in the global collagen peptide & gelatin market.
The rising demand for collagen peptides for medical applications and increasing usage of collagen peptides in the food & beverage industry are propelling the market revenue growth.
The global collagen peptide & gelatine market is expected to be valued at US$ 12.09 billion by 2030.
The global collagen peptide & gelatine market is expected to register a revenue CAGR of 5.3% during the forecast period.
Collagen Solutions PLC, Colllant Biotechnologies Ltd., Geistlich Pharma AG, Gelita AG, and Integra LifeSciences are among the top market players.
*Insights on financial performance are subject to the availability of information in the public domain