Insufficient intake of important nutrients such as vitamins and proteins increases the chances of many chronic diseases such as diabetes, hypertension, cancer and obesity. Meanwhile, people are changing their lifestyles and are being more conscious regarding their health by consuming healthy food, which maintaining a balanced diet. The increasing usage of nutraceutical supplements to increase their immunity, the market for collagen peptides is anticipated to grow because they have benefits such as muscle recovery.
According to Data Bridge Market Research the Collagen Peptides Market witnessed a healthy CAGR of 10.50% in the forecast period of 2022 to 2029.
“Increasing collagen peptides demand as a healthy supplement among health conscious people is expected to drive the market growth”
There has been a growth in awareness regarding health among people that is leading them to consume healthy and nutritious supplements which increase immunity and prevent diseases. This, followed by their concern regarding how they look and how healthy their joints and skin are expected to drive the growth of the market. Also, products such as beer, fruit juices and wine use collagen peptides as clarifying or thickeners agents. Collagen peptides are used in many food products as functional food ingredients. The major increasing demand for collagen peptides health conscious people owing to the high source of protein, which plays a vital role in body nutrition and also boosts the market growth.
What restraints the growth of collagen peptides market?
“Multiple issues associated with collagen peptides service”
The availability of substitutes for collagen peptides such as kidney beans, nuts, soy products, black beans, and seeds of pumpkin reduces the consumption of the collagen peptides. This is one of the major factor which is expected to hamper the growth of the market during the forecast period of 2023 to 2030.
Segmentation: Collagen Peptides Market
The collagen peptides market is segmented on the basis of offering, deployment, lighting type, cultivation, technology and application.
- On the basis of offering, the market is segmented into hardware, software and services.
- On the basis of technology, the market is segmented into fluorescent lamps, HID lights, LED lights, other.
- On the basis of deployment, the market is segmented into top lighting, inter lighting.
- On the basis of cultivation, the market is segmented into fruits and vegetables, floriculture.
- On the basis of application, the market is segmented into turnkey, retrofit.
- Based on application, the collagen peptides market is segmented into greenhouses, vertical farming, indoor farming, others.
Regional Insights: North America and Europe is expected to dominate the collagen peptides market
North America and Europe are expected to dominate the market and is expected to grow significantly due to the better research and development activities in the field of innovative drug delivery strategies in this region. Moreover, strong industrial framework and widespread use of cosmetics will further boost the growth of the collagen peptides market in this region.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to rising consumer awareness regarding nutritional health in this region. Furthermore, increasing number of poultry houses, slaughterhouses and marine goods will positively influence the market growth the market growth.
Recent Developments: Collagen Peptides Market
- In 2022, Jellice which is located in Emmen and is the most contemporary gelatin factory in Europe has launched META Collagen. With this launch, the company aims to strgthen its position in global market and expand its product portfolio.
- In 2022, Nippi (Shanghai) Trading Co. Ltd a subsidiary of Nippi Japan has signed an agreement with Infobird Co. Ltd which is an AI-enabled customer engagement solutions provider. With this agreement, they increase its sales and develop its market share as a provider of collagen raw materials to the Chinese market.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-lidar-market
The Prominent Key Players Operating in the Collagen Peptides Market Include:
- Gelnex (Brazil)
- Nippi Collagen NA Inc. (Japan)
- ET-Chem (U.K.)
- PB Leiner (U.S.)
- Ewald-Gelatine GmbH (Germany)
- KENNEY & ROSS LIMITED MARINE GELATIN (Canada)
- ConnOils LLC (U.S.)
- Italgel (Italy)
- LAPI GELATINE S.p.a (Italy)
- Juncà Gelatine (Italy)
- Ashland Inc. (U.S.)
- DSM (Netherlands)
- Collagen Solutions (US) LLC (U.S.)
- GELITA AG (Germany)
- Amicogen (South Korea)
Above are the key players covered in the report, to know about more and exhaustive list collagen peptides market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Collagen Peptides Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
