LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global collagen peptide market is expected to grow at a CAGR of close to 8% during the forecast period.
This research report titled ‘Global Collagen Peptide Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
“The global collagen peptide market is expected to observe considerable growth over the forecast period owing to the rising consumption and demand from end users such as food and beverage, nutraceutical, and personal care. The increasing spending power and rising awareness regarding the benefits of collagen are expected to drive consumption,” says Ajay Adikhari, a lead analyst for specialty chemicals research at Technavio.
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The market research analysis categorizes the global collagen peptide market into three major application segments. They are:
- Food and beverage
- Nutraceuticals industry
- Personal care industry
Global collagen peptide market for food and beverage industry
In 2016, the food and beverage industry was the largest application segment for the global collagen peptide market. This is expected to continue owing to the increasing demand for functional food and beverage products. Collagen peptide is ‘generally recognized as safe’ (GRAS) as a food ingredient, as per the guidelines of the US food and drug administration.
Collagen peptide is used in marshmallows, desserts, bakery products, dairy products, pet foods, meat packaging, frosted cereals, cream cheese, cupcakes, candies, pudding, juices, and beverages. In food and beverage application, collagen peptide is widely used as a binding agent, stabilizer, texturing agent, whipping agent, and emulsifier. It is also used in cream fillings and whipped toppings due to its stabilizing properties.
Global collagen peptide market for nutraceuticals industry
Collagen is one of the key structural proteins of the body. Collagen peptide is a decent source of multiple amino acids, which are the building blocks of proteins. Since the body can easily digest collagen peptide, it is commonly used in various nutritional products such as protein powders, supplements, protein drinks, protein energy bars, joint cartilage supplements, and anti-inflammation supplements.
Collagen peptide is preferred in the nutraceuticals industry due to its economical nature. It is widely used in the nutraceuticals industry as an excipient. Amino acids found in collagen peptide are helpful for the growth of skin, nail, hair, and for joint health. Glycine covers the major share of amino acids present in collagen peptide. Glycine possesses anti-inflammatory, antioxidant, and antispastic properties.
Global collagen peptide market for personal care industry
The non-edible form of collagen peptide is used in personal care applications due to its stabilizing, viscosity control, cleaning, and film forming properties. It is predominantly used as an ingredient in various personal care products such as face creams, shampoos, conditioners, hair gel, body lotions, lipsticks, hair sprays, face masks, sunscreens, fingernail formulae, tan lotions, and bath salts.
“Collagen peptide is preferred in cosmetic products for its protein content. It aids in tightening loose skin and supports the growth of nail and hair. Collagen peptide is widely used in hair care products to enhance the strength, shine, and manageability of the hair,” says Ajay.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- GELITA
- Nitta Gelatin
- PB Gelatins
- Rousselot
- Weishardt Group
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