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.
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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
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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.
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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.
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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.
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The Collagen Peptide and Gelatin Market can be segmented as follows:
Global Collagen Peptide and Gelatin Market, by Type
- Type I
- Type II
Global Collagen Peptide and Gelatin Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South 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
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