Collagen Peptide and Gelatin Market was estimated at $4.55 billion in 2020 and is expected to hit $7.67 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Inclination of consumers towards a healthy lifestyle, increase in demand of collagen peptide and gelatin as a functional ingredient in the food processing industry, and surge in consumption of nutraceuticals drive the growth of the global collagen peptide and gelatin market. On the other hand, stringent food regulations toward animal-origin food additives and rise in the act of animal cruelty in animal farms & slaughterhouse impede the growth to some extent. However, growing awareness in the emerging countries has been beneficial for the market growth.
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The global collagen peptide and gelatin market is analyzed across product type, source, application, and region.
Based on source, the bovine segment accounted for the major share in 2020, holding more than one-third of the global market. The same segment would also exhibit the fastest CAGR of 6.7% throughout the forecast period.
Based on application, the food segment generated the highest share in 2020, accounting for around one-third of the global market. The same segment would also cite the fastest CAGR of 6.4% from 2021 to 2030.
Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering nearly two-fifths of the global market. The same region is also expected to cite the fastest CAGR of 6.6% by the end of 2030. The other provinces studied in the report include North America, Europe, and LAMEA.
The major players operating in the collagen peptide and gelatin market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the collagen peptide and gelatin industry include Collagen Solutions, Plc, Darling Ingredients, Inc., Ewald-Gelatine GmbH, GELITA AG, GELNEX, Holista Colltech Limited, LAPI GROUP SpA., Tessenderlo Group, Trobas Gelatine B.V., and Weishardt Group
Covid-19 scenario-
There has been a steep increase in demand for collagen peptide products and its supplements among consumers during the pandemic. Consumers are now looking forward to shifting to products that can provide them multidimensional support and long-term immunity. This factor has impacted the global collagen peptide and gelatin market positively. This trend is most likely to continue post pandemic as well.
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