The report “Collagen Peptides Market by Source (Cattle Hide & Bones, Pigskin, and Poultry & Fish), Application (Nutritional Products, Snacks & Cereals, Dairy Products, Beverages, and Meat & Poultry Products), and Region – Global Forecast to 2023″, The global collagen peptides market is estimated at USD 772.3 million in 2018 and is projected to reach USD 1,337.0 million by 2023, at a CAGR of 11.6% during the forecast period. The market is driven by factors such as the wider application of collagen peptides and increased incidences of bones & joint relate diseases. Collagen peptides are widely used in various applications such as beverages, dairy, sports nutrition, snacks & cereal, meat & poultry, and personal care products. The varied applications of collagen peptides, coupled with the growing demand for functional food & beverage and sport nutrition products, drive the market growth.
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Widening applications of collagen peptides
Collagen peptide has become one of the essential ingredients for developing healthy food. Collagen production tends to decrease within the body with age and an unhealthy diet. Consumers prefer to include collagen through their diet rather than collagen injections. Therefore, collagen peptides are being fortified into a variety of food & beverage products to improve their nutritional benefits.
Collagen peptides are widely used in various applications such as beverages, dairy, sports nutrition, snacks & cereal, meat & poultry, and personal care products. The wide applications of collagen peptides, coupled with the growing demand for functional food & beverage and sport nutrition products, drives the market growth.
Numerous food formulations such as protein bars, protein drinks, yogurt drinks, dairy products, and various other fortified food products use collagen peptides to improve the elasticity, consistency, and stability of the products along with their health benefits.
Stringent food laws for animal-sourced additives
Consumers are becoming anxious about the safety of the food and food ingredients that they consume. The various processing technologies, preservation techniques, and packaging methods remain important safety issues. Therefore, several food additive laws and regulations have been implemented in various countries, thereby limiting the growth and usage of hydrolyzed collagen substances.
In the UK, the Department for Environment Food & Rural Affairs (DEFRA) describes the food information regulations 2013 for collagens as where added proteins and/or hydrolyzed proteins such as albumin, collagen, or casein are used in the production of meat preparations, meat products, or fishery products and are of a different species to the original food, then these proteins need to be included in the name of the food together with the name of the animal species from which they are derived.
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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. China and India have witnessed major growth in the collagen peptides market, acquiring significant shares in the region. The rising middle-class population of the region with high disposable income, demands healthy food & beverage products with new and improved flavors, thereby elevating the need for the growth of the collagen peptides market.
This report includes a study of various collagen peptides, along with the product portfolios of along with the product portfolios of leading companies. It includes the profiles of leading companies such as Darling Ingredients (US), Tessenderlo Group (Belgium), Cargill (US), Kewpie Corporation (Japan) and Danish Crown (Denmark).
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