Collagen Peptides Market Share, Size, and Forecast Report 2032

Collagen Peptides Market Size

According to a report from Zion Market Research, the global Collagen Peptides Market was valued at USD 719.31 Million in 2023 and is projected to hit USD 1363.01 Million by 2032, with a compound annual growth rate (CAGR) of 7.36% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Collagen Peptides Market industry over the next decade.

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Collagen Peptides Market: Overview

Collagen peptides are short amino acids chains that are naturally obtained from collagen protein, one of the substances that makes up cartilage, bone and skin in our body. They are highly bioactive, easily digestible, and cold-soluble forms of collagen. They are known for their nutritional properties that promote the health of bones, joints and healthy skin.

Increasing inclination of consumers towards personal well-being and health, leading to an increased demand for collagen in day-to-day food products and cosmetics may be a major driver of this market. Collagen peptides have paved the way for Nutricosmetics, dietary supplements that are taken orally to provide beauty benefits. Age Quencher, Moon Dust and Kora Organics are some of the leading producers of nutricosmetics. Functional confectionary, consisting of collagen peptides to combine health and indulgence is another upcoming trend in this market.

COVID-19 Impact Analysis

With an increased focus on building immunity and disease prevention, COVID-19 has had a positive impact on the sales of dietary supplements and vitamins. It has driven renewed consumer interest in collagen peptides as a healthy source of nutrition and protein. Imposed restrictions and social distancing have accelerated the demand for collagen based nutricosmetics that can be used at home and provide the same benefits as going to a dermatologist or wellness centers such as spas.

Collagen Peptides Market: Growth Factors

The increasing application of collagen peptides in nutritional products and confectionary items is anticipated to augment this market. Their unique nutritional and amino acid properties make them an ideal fit in nutritional supplements, which can boost this market as consumers’ preference for safe and natural health supplements increases.

Another factor for growth may also be the rising emphasis on skincare and anti-ageing products among consumers especially women in their twenties and thirties. The beauty benefits of collagen peptides such as anti-ageing properties clubbed with the increasing need for natural and effective beauty solutions will bode well for the market in the coming years.

Collagen Peptides Market: Segmentation

The global collagen peptides market is segmented into By Source, By Application, By Form, And By Region.

Dry segment held a share of around 60% in 2020. Powder forms of collagen are popular owing to their easy solubility and blending properties in food products and beverages. Fish collagen powder is widely being used in ageing collagen creams and nutraceuticals for the skin by cosmetics and personal care product manufacturers.

Nutritional products segment will grow at a CAGR of over 5% from 2024 to 2032. This is attributable to the growing application of collagen peptides in the nutritional products industry such as in dietary supplements, nutricosmetics, protein shakes and others. Their unique nutritional and amino acid properties are paving ways for new forms of consumption thereby boosting growth in this segment.

Collagen Peptides Market: Report Scope

Collagen Peptides Market: Regional Analysis

The Asia-Pacific region held a share of around 30% in 2020. This is attributable to a high level of customer awareness of the various benefits of collagen based products, as well as a rapidly increasing beauty product industry in Asian countries like South Korea and Japan, further fueled by the presence of top companies such as Amicogen Inc. and Kewpie Corporation among others.

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Moreover, increasing disposable income in developing countries like India clubbed with a boost in e-retailing of nutricosmetics and dietary supplements is also expected to generate high demand for the market in this region.

The European region is projected to grow at a CAGR of around 6% over the forecast period. This can be due to the technological advancements made to inculcate collagen peptides in a wide range of applications such as in functional and processed food industries. Increasing demand among athletes for fitness supplements and European women for beauty supplements may also drive growth in this region.

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Collagen Peptides Market Key Market Players & Competitive Landscape

Some of key players in collagen peptides market are:

• Gelita AG
• Darling Ingredients
• Holista CollTech
• Tessenderlo Group
• Gelnex
• Nitta Gelatin
• Weishardt
• Lapi Gelatine
• Collagen Solutions
• Ewald-Gelatine

Weishardt of France expanded its product range by introducing new non-alcoholic/low alcoholic beers in the collagen peptide beverage segment. This was executed in light of the growing consciousness among consumers about healthy food and beverage intake.

Key players Gelita and Geltor recently signed letter of intent to create, manufacture, and distribute animal-free collagen protein that is ingestible, thereby appealing to a growing environment-conscious segment of consumers.

The global collagen peptides market is segmented as follows:

By Source

• Bovine
• Porcine
• Marine
• Poultry

By Application

• Food & Beverages
• Cosmetics and Personal Care
• Nutritional Products
• Pharmaceuticals

By Form

• Dry
• Liquid

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa