Global Collagen Peptide Market to Grow at a CAGR of 8% through 2021, Says Technavio

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
collagen peptide market is expected to grow at a CAGR of
close to 8% during the forecast period.

This research report titled ‘Global
Collagen Peptide Market 2017-2021’ provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
report also includes an up to date analysis and forecasts for various
market segments and all geographical regions.

“The global collagen peptide market is expected to observe
considerable growth over the forecast period owing to the rising
consumption and demand from end users such as food and beverage,
nutraceutical, and personal care. The increasing spending power and
rising awareness regarding the benefits of collagen are expected to
drive consumption,” says Ajay Adikhari, a lead analyst for specialty
chemicals research at Technavio.

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The market research analysis categorizes the global collagen peptide
market into three major application segments. They are:

• Food and beverage
• Nutraceuticals industry
• Personal care industry

Global collagen peptide market for food and beverage industry

In 2016, the food and beverage industry was the largest application
segment for the global collagen peptide market. This is expected to
continue owing to the increasing demand for functional food and beverage
products. Collagen peptide is ‘generally recognized as safe’ (GRAS) as a
food ingredient, as per the guidelines of the US food and drug
administration.

Collagen peptide is used in marshmallows, desserts, bakery products,
dairy products, pet foods, meat packaging, frosted cereals, cream
cheese, cupcakes, candies, pudding, juices, and beverages. In food and
beverage application, collagen peptide is widely used as a binding
agent, stabilizer, texturing agent, whipping agent, and emulsifier. It
is also used in cream fillings and whipped toppings due to its
stabilizing properties.

Global collagen peptide market for nutraceuticals industry

Collagen is one of the key structural proteins of the body. Collagen
peptide is a decent source of multiple amino acids, which are the
building blocks of proteins. Since the body can easily digest collagen
peptide, it is commonly used in various nutritional products such as
protein powders, supplements, protein drinks, protein energy bars, joint
cartilage supplements, and anti-inflammation supplements.

Collagen peptide is preferred in the nutraceuticals industry due to its
economical nature. It is widely used in the nutraceuticals industry as
an excipient. Amino acids found in collagen peptide are helpful for the
growth of skin, nail, hair, and for joint health. Glycine covers the
major share of amino acids present in collagen peptide. Glycine
possesses anti-inflammatory, antioxidant, and antispastic properties.

Global collagen peptide market for personal care industry

The non-edible form of collagen peptide is used in personal care
applications due to its stabilizing, viscosity control, cleaning, and
film forming properties. It is predominantly used as an ingredient in
various personal care products such as face creams, shampoos,
conditioners, hair gel, body lotions, lipsticks, hair sprays, face
masks, sunscreens, fingernail formulae, tan lotions, and bath salts.

“Collagen peptide is preferred in cosmetic products for its protein
content. It aids in tightening loose skin and supports the growth of
nail and hair. Collagen peptide is widely used in hair care products to
enhance the strength, shine, and manageability of the hair,” says
Ajay.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

• GELITA
• Nitta Gelatin
• PB Gelatins
• Rousselot
• Weishardt Group

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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