The global collagen peptide and gelatin market is highly fragmented in nature, with a large number of small and large number of players operating in it, states Transparency Market research (TMR). In 2013, the global collagen peptide market was dominated by Roxlor LLC, GELITA AG, and Rousselot International, which collectively held a 57.1% share. On the other hand, in 2013, the global gelatin market was dominated by Rousselot International, GELITA AG, and PB Gelatin, which collectively accounted for a 64.8% share in the overall market. Key players in both the markets are focusing on the expansion of their product portfolios in order to increase their market penetration and contribute towards its development.
According to the research study presented by TMR, the global collagen peptide market is expected to reach a value of US$1.0 bn by the end of 2020. On the other hand, the global gelatin market is projected to reach a value of US$3.0 bn by the end of 2020. Both the markets are estimated to register steady growth in the forecast period.
Marine Sources to Lead Global Collagen Peptide Market by 2020
In the global collagen peptide market, the use of marine sources for the production of collagen peptide is expected to reach a value of US$427.1 mn by the end of 2020. In terms of application, the cosmeceuticals segment is projected to account for a massive share in the global market in the next few years. From a geographical perspective, in 2015, North America led the global collagen peptide market and is estimated to remain in the lead position throughout the forecast period.
In the global gelatin market, the porcine segment - in terms of type of source of gelatin – is estimated to witness robust growth in the next few years. On the basis of application, owing to the high demand, the food and beverage segment is estimated to reach a value of US$817.9 mn by the end of 2020. In terms of geography, Europe is anticipated to lead the global gelatin market in the coming years.
Growing Popularity of Regenerative Medicines to Widen Scope for Market Players
The rising awareness among consumers regarding their personal well-being is expected to boost the demand for nutraceuticals, which will encourage the growth of the global collagen peptide and gelatin market, says a TMR analyst. In addition, the increasing focus on research and development activities concerning novel drug delivery systems is projected to supplement the growth of the overall market. Key players in the market are emphasizing on technological developments and expansion of product portfolio to help gain a competitive edge.
Furthermore, the substantial demand for regenerative medicine and wound healing therapeutics is anticipated to contribute extensively towards the growth of the global collagen peptide and gelatin market in the next few years.
Rising Risk of Disease Transfer to Curtail Market Growth
Diversities in religions and cultures are expected to restrict the growth of the collagen peptide and gelatin market across the globe in the coming years. In addition, the growing risk of disease transfer while using bovine and porcine sources of gelatin is estimated to curtail the growth of the overall market throughout the forecast period.
Nevertheless, the declining inclination towards knife and needle cosmetic surgeries is projected to generate potential growth opportunities for key players operating in the global collagen peptide and gelatin market, states a TMR analyst. Moreover, the growing demand for non-animal origin collagen peptide and gelatin in order to avoid hurdles of regulatory bodies and different religions is likely to encourage market growth in the forecast period.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Collagen Peptide and Gelatin Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014-2020.”
The global collagen peptide and gelatin market has been segmented as below:
Global Collagen Peptide Market, by Source Type
- Others (Other Farm Animals)
Global Collagen Peptide Market, by Application
- Bone and Joint Health
- Pet Food
- Food and Beverages
- Others (Regenerative Medicines, Wound Healing, etc.)
Global Gelatin Market, by Source Type
- Others (Dog, Cat, Horse, Donkey)
Global Gelatin Market, by Application
- Bone and Joint Health
- Pet Food
- Food and Beverages
- Others (Ballistics, India Ink etc.)
Global Collagen Peptide and Gelatin Market, Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
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