Collagen Peptide Market To Reach USD 1,478.0 Million By 2026
Market Summary: The major driving factors in are increase in demand for functional and nutritionally enriched processed food products and the growing incidence of bone disorders, consumer’s inclination toward healthy lifestyles and protein consumption and widening applications of collagen peptides across various industries. Market Size – USD 761.3 Million in 2018, Market Growth CAGR of 11.1%, Market Trends – The concerns toward the depletion of animal sources is a key restraint. According to the current analysis of Reports and Data, the global collagen peptide market was USD 761.3 Million in 2018 and is projected to grow at a CAGR of 11.1% from 2019 to 2026. Collagen peptides are a rich source of healthy and protein nutrition. Collagen peptide is easily digestible, cold-soluble, and highly bioactive sources of collagen. Further key findings from the report suggest : • By source, products derived from porcine holds the remarkable share of 37.1% in 2018. Porcine is rich in these proteins, which are considered to be steadier in comparison with proteins from other sources. • North America is expected to grow at CAGR of 9.1% during the analysis period. The increasing demand for collagen peptide is attributed to mounting demand for functional protein. • In June 2018, Tulip Food Company a group of Danish Crown acquired Zandbergen to meet the rising demand for bacon products in the global market www.reportsanddata.com
Key participants : Darling Ingredients, Tessenderlo Group, Cargill, Kewpie Corporation, Danish Crown, Vital Proteins LLC., Kayos Naturals, Orgain, Inc., Aspen Naturals and Gelixer Segmentation: • Source (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026) Bovine hide & bones Porcine Marine Sheep Poultry Alternative sources (enzymes) • Application (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026) Pharmaceutical Food and Beverages Veterinary Cosmetic Nutraceutical Healthcare Other applications www.reportsanddata.com
Regional Outlook for collagen peptide market analyzes the following geographies ◦ North America (United States, Canada, and Mexico) ◦ Europe (Germany, France, UK, Russia, and Italy) ◦ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◦ South America (Brazil, Argentina, Colombia, etc.) ◦ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: ◦ Q.1. What are the most lucrative and promising growth prospects for the market? ◦ Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? ◦ Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? ◦ Q.4. Which factors are impacting the future of the market and what are the driving factors? ◦ Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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