2024: Nitta Gelatin India Limited (NGIL) launches around Rs 200 crore collagen peptides expansion project. NGIL is a joint venture between Nitta Gelatin of Japan and the Kerala State Industrial Development Corporation.
According to MarkNtel Advisors study, The Global Collagen Peptides Market size was valued at around USD 722 million in 2023 and is projected to reach USD 1.4 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.
Collagen peptides facilitate enhancing skin, cartilage, and joint conditions. This offers augmentation of soft tissue and also provides nutritional supplements for the bones, resulting in the utilization of collagen peptides in various products such as soaps, shampoos, body lotions, and facial creams. In addition, specifically for cosmetic applications, collagen peptides are used in dermal fillers to enhance volume efficiency and improve the contour of the face. Also, they avail cosmetic surgery, and face & hand rejuvenation. Moreover, the population expansion coupled with a rising income level accelerated the demand for cosmetics and personal care products, which is ultimately driving the market growth.
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Key Findings in Collagen Peptides Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Collagen Peptides Market Key Players:
Tessenderlo Group, Gelita, Holista Colltech, Darling Ingredients, Nitta Gelatin, Gelnex, Lapi Gelatine, Weishardt, Crescent Biotech, Foodmate, and others
Market Segmentation Overview:
By Form
-Dry
-Liquid
By Source
-Animal
–Porcine
–Bovine
–Others
-Marine
-Poultry
The animal segment dominates the collagen peptides industry with the largest market share because animal sources are rich in types I and III, which facilitate strengthening bones, muscles, ligaments, and gums. It also improves skin health, reduces wrinkles, and prevents skin disorders. Moreover, animal sources consist of bovine, which is further used to reduce the symptoms of osteoporosis & osteoarthritis and provide better skin health. Additionally, the higher accessibility of cattle and rising beef production at affordable prices help in utilizing animal sources more effectively & efficiently in producing collagen peptides, augmenting the segmental revenue growth.
By Application
-Personal Care & Cosmetic
-Pharmaceutical
-Nutritional Products
–Dietary Supplements
–Sports Nutrition
-Food & Beverages
-Dairy Products
-Meat Products
-Confectionery Products
-Beverages
-Cereals & Snacks
-Others
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Collagen Peptides Industry Recent Development:
2023: Based on PB Leiner’s technology, Tessenderlo Group (Belgium) and Hainan Xiangtai Group formed a joint venture for the manufacturing and marketing of fish collagen peptides. With this new endeavor, Tessenderlo Group, a global leader in the production of gelatine and collagen solutions, will be able to meet the growing demand for high-quality marine collagen peptides by producing and marketing a comprehensive line of premium SOLUGEL® fish collagen peptides.
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