NEW YORK, Dec. 16, 2020
NEW YORK, Dec. 16, 2020 /PRNewswire/ -- The global collagen peptides market is estimated to witness a notable growth in forecast period owing to the rising demand for collagens from food and beverage industry. The North America region is predicted to grow at a fast pace by 2027.
According to a newly published Research Dive report titled, "Collagen Peptides Market, by Source (Bovine, Porcine, Marine, Poultry), Application (Nutritional Products, Food and Beverage, Cosmetics and Personal Care, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027," the global collagen peptides market valued for US$ 737.8 million in 2019 and is expected to garner US$ 1,169.5 million by 2027, rising at a CAGR of 8.1% from 2020 to 2027.
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The increasing demand for collagen peptides from the food & beverage industry and the growing awareness levels of people about health consciousness coupled with increasing consumption of nutritional products are the significant factors expected to upsurge the growth of the overall collagen peptides market during the forecast period. Moreover, the growing R&D activities for the development of novel products and the initiatives taken by several governments to promote healthy diets are likely to create massive growth opportunities in the global market by 2027. However, the availability of alternative products and the stringent regulations for approval of food with animal origin is expected to restrict the market growth in the coming years.
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COVID-19 Impact on Collagen Peptides Industry
The COVID-19 pandemic has adversely impacted the global collagen peptides industry mainly due to decrease in consumption of meat such as bovine and marine products all over the world. This is directly affecting the collagen peptides production because beef & food waste are vital raw materials for collagen peptide products. However, the prominent market players are implementing numerous strategies to sustain in the pandemic. For instance, in April 2020, GELITA AG announced the launch of new bioactive collagen peptide namely, "VERISOL" for hair growth improvement.
Key segment findings of the market:
The report segments the global collagen peptides market by Application, Source, and Region.
Top 10 Key Players of the Collagen Peptides Market
The major players operating in the global collagen peptides market are
Furthermore, the report outlines various aspects of all these industry players such as product portfolio, SWOT analysis, financial performance, and recent strategic moves & developments. -Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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