The collagen peptides market is anticipated to reach USD 922 million by 2028 from USD 699 million in 2023, at a CAGR of 5.7% during the forecast period in terms of value owing to the increase in usage of collagen in medical, cosmetics, food, and pharma applications along with the rise in consumer health awareness in emerging markets such as Asia Pacific, Middle East, Africa, and South America.
Increase in demand for collagen peptides for medical applications to drive the market growth
Collagen peptides have various versatile applications that give rise to their demand in medical, dental, and pharmacological fields. They are used as adequate support for drug and is a natural biomaterial with astringent and wound-healing properties. It is considered an ingredient used in different forms. For instance, it is used as a hemostatic and dressing treatment for various types of injuries. Collagen-based biomaterials are of utmost importance for tissue engineering and regenerative medicine. They can be extracted from various tissue sources and assembled in combination with other molecules.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248590980
Asia Pacific to boost market growth during the forecast period
The Asia Pacific region is expected to play a significant role in boosting the market growth of the collagen peptides industry during the forecast period. Asia Pacific has a rapidly growing livestock industry driven by population growth, urbanization, and increasing demand for animal meat and related products such as collagen. Countries in Asia such as China are among the top collagen exporters globally. The key players in this region include Nitta Gelatin Inc. (Japan), Tessenderlo Group (Belgium), Holista Colltech (Australia), Darling Ingredients (US), Foodmate Co., Ltd. (China), Amicogen Inc (South Korea), among others. The study includes an in-depth competitive analysis of these key players in the collagen peptides market with their company profiles, recent developments, and key market strategies.