Commercialization of Novel Drug Delivery Systems Expand Horizon for Industry Players in Collagen Peptide and Gelatin Market, Says TMR
- Functional and nutraceuticals manufacturers see vast avenue in collagen peptide and gelatin market to meet the needs of health-conscious populations, overall valuation of the market to clock CAGR of 8.7% from 2019 to 2027
- Porcine-based collagen products witnessing staggering demand in North America and Europe, helping make them prominent regional markets
ALBANY, N.Y., Sept. 16, 2020 /PRNewswire/ -- Potential of collagen peptide and gelatin in regenerative medicine, especially for wound healing has spurred on research and development activities in the collagen peptide and gelatin market. Growing utilization of collagen peptide and gelatin in developing nutraceuticals will unlock new prospects for functional food manufactures, especially since geriatric population and sportspersons are key consumer targets.
Novel collagen-based drug delivery systems are a huge opportunity for pharmaceutical companies in the collagen peptide and gelatin market.
The global valuation of collagen peptide and gelatin was pegged at US$ 5,976.9 Mn in 2018, and is projected to expand at CAGR of 8.7% from 2019 to 2027. The forecast valuation is US$ 12,610.9 Mn by 2027-end.
Key Findings of Collagen Peptide and Gelatin Market Report
The competitive landscape in the collagen peptide and gelatin market is fairly fragmented
Of the various key types, type 1 held the major share in 2018
The aforementioned collagen segment is expected to rise at the leading CAGR during 2019 - 2027
North America led the global market in 2018
The U.S. is a highly lucrative market
Asia Pacific is expected to rise at promising CAGR during 2019 – 2027
Explore 100 pages of top-notch research, incisive insights, and detailed country-level projections on Collagen Peptide and Gelatin Market (Type - Type I (Fish and Others), and Type II (Hydrolyzed and Undenatured)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/1070
Collagen Peptide and Gelatin Market: Key Driving Factors and Promising Avenues
Growing acceptance of animal-based functional ingredients in nutraceutical products in sportspersons and elderly population is a key driver for avenues in the collagen peptide and gelatin market.
Rapidly growing demand for such products is rising in India, Brazil, and China.
In recent years, researchers have seen vast clinical potential of collagen in next-generation drug delivery systems. One key potential use has been for encapsulating active pharmaceutical ingredient (API), improving the bioavailability and performance of drugs.
Growing application of collagen peptide in making antiaging products has also reinforced the prospects in the collagen peptide and gelatin market.
Collagen Peptide and Gelatin Market: Key Impediments to Growth
Porcine collagen sources have witnessed negative connotation among some populations. People in Asia Pacific and the Middle East are averse to accepting porcine-based collagen in medical and surgical products, due to religious and cultural beliefs.
Even in regional markets, notably in North America and Europe, they are witnessing attractive demand, the risk of transmission of diseases from animal-based medical products is significantly affecting market players.
Collagen Peptide and Gelatin Market: Competitive Landscape
The overall landscape is increasingly fragmented, with the presence of numerous regional as well international companies locked in competition against one another. Top players are keen on taping into the huge revenue potential in collagen-based novel drug delivery systems, such as through spending on research in liposomes and nanoparticles. Most companies in the collagen peptide and gelatin are consolidating manufacturing facilities and using advanced extraction methodologies to strengthen their presence.
The Collagen Peptide and Gelatin Market can be segmented as follows:
Global Collagen Peptide and Gelatin Market, by Type
Global Collagen Peptide and Gelatin Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Collagen Dressings Market: According to the report, the global collagen dressings market was valued at ~US$ 926 Mn in 2019 and is projected to expand at a CAGR of ~5% from 2020 to 2030. Increase in patient pool for chronic and acute wounds, and rise in the number of road accidents and traumatic injuries are anticipated to drive the global collagen dressings market from 2020 to 2030
Soft Tissue Allografts Market: The global soft tissue allografts market was valued at US$ 3.55 Bn in 2018, and is projected to reach ~ US$ 6.2 Bn by 2027, expanding at a CAGR of ~ 6.5% from 2019 to 2027, increase in incidences of periodontal diseases among the young population and rise in technological innovations in dental implants are anticipated to drive the global market
Tissue Engineered Collagen Biomaterials Market: The global tissue engineered collagen biomaterials market has been majorly fuelled by the extensive research and development activities in regenerative medicine and rising use of collagen as bone substitutes. Another growth driver in the market is the use of collagen in wound healing which offers numerous benefits in terms of stimulating tissue growth and ensuring relief for a variety of injuries on bones and tissues
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."