The global collagen peptide and gelatin market has been experiencing a rise in demand since the last few years. The growing awareness among consumers pertaining to personal healthcare across the world has influenced the market greatly in the recent times. Along with this, the rising demand for collagen peptides in wound healing and other regenerative medicines is also adding significantly to the growth of this market.
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According to a research study, published by Transparency Market Research (TMR), the global collagen peptides market is projected to report a CAGR of 6.80% between 2014 and 2020 and increase from a valuation of US$0.7 bn in 2013 to US$1.0 bn by 2020. Over the same period, the worldwide market for gelatin is estimated to register a CAGR of 7.50% and rise from US$1.8 bn in 2013 to a value of US$3 bn by 2020.
North America Led Collagen Peptide Market, Europe Dominated Market for Gelatin
The global collagen peptide and gelatin market is spread across Asia Pacific, North America, Europe, and the Rest of the World. North America dominated the worldwide collagen peptides market in 2013. The rise in research and development activities for the innovation of novel drugs, the increased usage of cosmetic products, and the advancement in the industrial infrastructure in North America have resulted in the growth of the collagen peptides market in this region.
For gelatin, Europe emerged as the largest regional market in 2013. The soaring demand for gelatin from the food and beverages and the pharmaceutical industries in this region was the prime factor driving the Europe gelatin market that year.
Asia Pacific Emerges as Most Promising Regional Market for Collagen Peptide and Gelatin
On the other hand, Asia Pacific has emerged as the most promising market for both, collagen peptides as well as gelatin. The growing awareness among people regarding healthcare, proper nutrition, and aesthetics is likely to fuel the demand for collagen peptides and gelatin in Asia Pacific in the coming years.
The steady rise of the industrial sector in this region, the flourishing poultry market, and the increasing number of slaughter houses and marine products collection agencies are also expected to present huge opportunities to the companies operating in this market over the next few years.
Key Segments and Major Players in Global Collagen Peptide and Gelatin Market
In the global arena, the prime sources of collagen peptides as well as gelatin are chicken, marine, porcine, bovine, and other domestic animals. The nutraceuticals, food and beverages, cosmeceuticals, pet food, bone and joint health, and pharmaceuticals market are the key application areas of collagen peptide and gelatin.
The worldwide collagen peptide and gelatin market is extremely consolidated in nature. In 2013, a share of more than 60% in this market was occupied by a few market players including PB Gelatin, GELITA AG, Rousselot International, and Nitta Gelatin. Other prominent players in this market are Weishardt International Group, Roxlor LLC, Norland Products Inc., InterHealth Nutraceuticals Inc., ChinaTech Peptide Co. Ltd., Catalent Inc., BioCell Technology LLC, Capsugel Belgium NV, Amicogen Inc., and Sterling Gelatin.