$1.33 Bn Collagen Peptides Market, 2023
DUBLIN, Aug 7, 2018 /PRNewswire/ --
The "Collagen Peptides Market by Source (Cattle Hide & Bones, Pigskin, and Poultry & Fish), Application (Nutritional Products, Snacks & Cereals, Dairy Products, Beverages, and Meat & Poultry Products), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The collagen peptides market is projected to reach USD 1,337.0 million by 2023, from USD 772.3 million in 2018, growing at a CAGR of 11.6%. Wide application of collagen peptides as a functional ingredient in food processing and rising consumer inclination toward healthy lifestyles act as factors driving the collagen peptides market growth.
Based on the source, the collagen peptides market has been segmented into cattle hide & bones, pigskin, and poultry & fish. The pigskin segment dominated the market in 2018, and this trend is projected to continue through the forecast period from 2018 to 2023. Different methods are used to extract collagen protein, which include the salting out, alkaline, acid, and enzyme methods. Extraction of collagen peptide from pigskin is generally done through acid method, wherein citric acid is used.
On the basis of application, the collagen peptides market has been segmented into nutritional products, beverages, dairy products, snacks & cereal, meat & poultry products, and others. The nutritional products segment dominated the global collagen peptides market in 2018. Among all the nutritional ingredients used in sports nutrition products, proteins play an essential role. They help in improving athletic performance, protecting joints and connective tissues, muscle restoration, aiding muscular contraction, weight management, and also helps to reduce the risk of injury. Collagen peptides are considered as a major source of protein that originates from collagen.
North America is expected to account for the largest share of the global collagen peptides market through 2023, owing to the flourishing food & beverage industry in the region. The region is the largest producer and consumer of processed food & beverage products. The major factors driving the collagen peptides market in North America are the rise in health awareness among consumers and presence of key players such as Darling Ingredients (US) and Cargill (US) in the market.
Asia Pacific is projected to be the fastest-growing region in the global collagen peptides market during the forecast period, owing to the rising consumer awareness about the health benefits of low-calorie and low-fat nutritional food & beverage products.
Stringent food laws for animal-sourced additives and concern toward the depletion of animal sources are some of the major factors restraining the growth of the collagen peptides market, globally. Consumers are growing increasingly concerned about the safety of the food and the food ingredients that they consume. The various processing technologies, preservation techniques, and packaging methods remain important safety issues. Therefore, several food additive laws and regulations have been implemented in various countries, thereby limiting the growth and usage of hydrolyzed collagen substances.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Collagen Peptides Market
4.2 Collagen Peptides Market, By Key Country
4.3 Collagen Peptides Market, By Application, 2018-2023
4.4 Collagen Peptides Market, By Sources & Region, 2017
4.5 Asia Pacific Collagen Peptides Market, By Country & Application, 2017
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Consumer's Inclination Toward Healthy Lifestyles and Protein Consumption
5.2.1.2 Application of Collagen Peptide as A Functional Ingredient in Food Processing
5.2.1.3 Widening Applications of Collagen Peptides
5.2.2 Restraints
5.2.2.1 Stringent Food Laws for Animal-Sourced Additives
5.2.2.2 Concerns Toward the Depletion of Animal Sources
5.2.3 Opportunities
5.2.3.1 Immense Potential in Emerging Economies
5.2.3.2 Promotion of A Healthy Diet By Governments
5.2.4 Challenges
5.2.4.1 Challenges With Distribution Channels in Developing Countries
5.2.4.2 Insufficient Processing Technologies
6 Industry Trends
6.1 Introduction
6.2 Supply Chain
6.3 Regulatory Bodies
6.3.1 United States Department of Agriculture (USDA)
6.3.2 European Food Safety Authority (EFSA)
6.4 Strategic Benchmarking
6.4.1 Expansions and Acquisitions
7 Collagen Peptides Market, By Source
7.1 Introduction
7.2 Cattle Hide & Bones
7.3 Pigskin
7.4 Poultry & Fish
8 Collagen Peptides Market, By Application
8.1 Introduction
8.2 Nutritional Products
8.3 Beverages
8.4 Dairy Products
8.5 Meat & Poultry Products
8.6 Snacks & Cereal
8.7 Others
9 Collagen Peptides Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 South America
9.5.1.1 Brazil
9.5.1.2 Argentina
9.5.1.3 Rest of South America
9.5.2 Africa
9.5.3 Middle East
10 Competitive Landscape
10.1 Overview
10.2 Key Strategies
10.3 Market Share Analysis
10.4 Competitive Scenario
10.4.1 Acquisitions
10.4.2 Expansions
10.4.3 New Product Launches
10.4.4 Collaborations, Agreements, Partnerships, and Joint Ventures
11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
11.1 Darling Ingredients
11.2 Tessenderlo Group
11.3 Cargill
11.4 Kewpie Corporation
11.5 Danish Crown
11.6 Gelnex
11.7 Gelita AG
11.8 Italgelatine S.P.A
11.9 Lapi Gelatine
11.10 Nitta Gelatin
11.11 Weishardt Group
11.12 Junca Gelatines
For more information about this report visit https://www.researchandmarkets.com/research/g4dlcz/1_33_bn_collagen?w=5
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