Collagen Peptides Market: Introduction
Collagen peptides are collagen sources which are easily digestible, highly bio-active and cold-soluble. These peptides are derived by breaking down the molecular bonds between individual collagen strands. It is an irreversibly hydrolyzed form of collagen, in which hydrolysis results in a reduction of protein fibrils into smaller peptides, which usually has a wide range of molecular weight linked with physical and chemical methods of denaturation.
Collagen ingestion guarantees the elasticity, durability, and regeneration of hair, skin, cartilage, tendon, joint, and bone. Collagen peptides occur naturally in animal tissue and cell extracellular matrix. The use of collagen peptides is mainly in the fortification of food products, in cosmetics or consumption in the form of supplements.
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Consumer’s Inclination Towards Healthy Lifestyles is Driving the Market
Increasing consumer health consciousness due to prevalence of various diseases, nutritional deficiencies and a desire for healthy aging among other factors has led to increased market demand for functional and enhanced food and beverage products. Increased consumer awareness for nutrition has resulted in demand for food products with specific functionalities that will meet their needs and help address different aspects of health.
Collagen peptide has vast use in sports nutrition and nutraceuticals. It is now also being used in functional food products, and is mixed in various beverages, ice creams, smoothies and shakes to give an anti-inflammatory protein boost. Collagen peptides has good taste, organoleptic characteristics, is odor-free and at the same time allows the food product to retain its quality.
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Collagen Peptides Market: Segmentation
The collagen peptides market is segmented on the basis of source and applications.
On the basis of source, the global collagen peptides market is segmented as-
- Cattle hide & bones
- Poultry & fish
On the basis of application, the global collagen peptides market is segmented as-
- Nutritional products
- Sports nutrition
- Dietary supplements
- Carbonated beverages
- Non- carbonated beverages
- Others (alcoholic beverages and fruit juices)
- Dairy products
- Others (Cream and Ice cream)
- Meat & poultry products
- Snacks & cereal
- Personal Care Products
- Others (bakery products, confectionery products, and desserts)
Collagen Peptides Market: Key Players
Some of the leading players of global collagen peptides market include Amicogen, Inc., BioCell Technology, LLC, Capsugel Belgium NV, Catalent, Inc., ChinaTech Peptide Co. Ltd., Gelita AG, Norland Products Inc, Rousselot, Roxlor Group, Weishardt International, and Other Companies.
The key market players focus on key market strategies including mergers, acquisitions, alliances, and joint ventures. They also aim to strengthen their business presence in order to safeguard their reputation in the competitive market.
Collagen Peptides Market: Opportunities
The increasing use of collagen in the food & beverage, nutraceutical and pharmaceutical industries to boost the nutritional value in the end product primarily drives the growth of the global market for collagen peptides. North America is expected to be the leading region in terms of consumption globally for collagen peptides.
Owing to the rapidly increasing beauty industry demands for collagen peptides is increasing. Furthermore, the expanding population and changing lifestyle is expected to increase usage of beauty products involving collagen peptides, thereby boosting market growth. In addition, growing awareness of well-being and wrinkle-free skin and increasing awareness of the benefits of collagen peptide products over personal health care is expected to be driving the market.
However, the formulation of strict food safety laws due to concerns about the safety of collagen-based products, thus reducing the use of collagen substances, restricts the market for collagen-based peptides. In addition, increasing research and development activities for the development of new drug compositions and favorable restrictions for regenerative medicinal use are anticipated to deliver more opportunities for the major players in the collagen peptide market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.