Market Overview:

The global collagen peptide market was worth US$ 803.5 million in 2019, and with an annual growth rate of 7.12%, it is expected to reach US$ 1,133.3 million by 2024. The market continues to gain momentum due to the growth potential in economies in several regions of the world. Collagen peptide can be described as a chemical compound that is rich in proteins and is an integral part of a healthy diet. They are responsible for promoting the health of skeletons and joints and making the skin beautiful.

Market Drivers and Restraints:

Several factors have influenced market growth in recent years. The factors that have a positive impact are consumers' preference for a healthy lifestyle and a wide range of uses of collagen peptide as an ingredient in the food industry. On the flip side, several factors hinder market growth, including stringent legislation on additives of animal origin, and animal depletion concerns, which are limiting the market to reach its full potential.

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Report segmented as

By Source:

Pigskin,
Poultry,
Fish,
Cattle Hide & Bone
By Application:

Snacks & Cereals,
Beverages,
Meat & Poultry Products,
Dairy Products
Geographical Analysis:

Based on geography, the global market is examined under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Collagen Peptides market was subjugated by North America, with the overall share of around 34%. North America was followed by Europe and Asia-Pacific. The Asia-Pacific is projected to grow at a rapid pace in the coming few years.

Important Market Players:

Some of the major companies dominating the market, by their products and services include Darling Ingredients Inc., Weishardt Group, Tessenderlo Group, Cargill, Incorporated, Kewpie Corporation, Gelnex, Danish Crown A/S, Gelita AG, Italgelatine S.P.A., Lapi Gelatine.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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