Wilmington, Delaware , Aug. 27, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Collagen Peptide and Gelatin Market by Type (Gelatin and Collagen Peptides), by Source (Bovine, Porcine, Marine and Others), Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care and Others): Global Opportunity Analysis and Industry Forecast, 2024-2034". According to the report, the collagen peptide and gelatin market was valued at $1.2 billion in 2023, and is estimated to reach $2.2 billion by 2034, growing at a CAGR of 5.5% from 2024 to 2034.
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Prime determinants of growth
The growth of the collagen peptide and gelatin market is fueled by increase in consumer awareness of the health benefits associated with collagen, such as improved skin elasticity, joint health, and bone strength, which drives demand for collagen-based supplements and functional foods. In addition, the rise in aging population globally, particularly in developed regions, fuels demand for collagen products to address age-related health concerns. Moreover, advancements in extraction and processing technologies enhance the quality and bioavailability of collagen peptides, expanding their applications in various industries, including food, pharmaceuticals, and cosmetics. Furthermore, the trend toward clean-label and natural products supports market growth, as consumers seek transparent and minimally processed collagen and gelatin products for their health and wellness needs.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2034 |
| Base Year | 2023 |
| Market Size in 2023 | $1.2 Billion |
| Market Size in 2034 | $2.2 Billion |
| CAGR | 5.5% |
| No. of Pages in Report | 345 |
| Segments Covered | Type, Source, Application, And Region. |
| Drivers | Health And Wellness Trends |
| Aging Population | |
| Beauty And Personal Care | |
| Opportunities | Rising Demand For Natural Health Supplements |
| Innovative Product Development | |
| Restraints | High Production Costs |
Segment Highlights
The demand for gelatin is driven by several factors. Gelatin has a long history of use in various industries such as food, pharmaceuticals, and cosmetics, making it a familiar and trusted ingredient among consumers and manufacturers alike. Its versatility allows for a wide range of applications, including gelling, thickening, stabilizing, and emulsifying, making it indispensable in many product formulations. In addition, gelatin's unique properties, such as its ability to form strong, elastic gels, make it highly desirable in food products like confectionery, desserts, and dairy items. Its role as a gelling agent in pharmaceutical capsules and as a stabilizer in cosmetics further contributes to its dominance. Furthermore, gelatin is often more cost-effective compared to collagen peptides, making it a preferred choice for manufacturers seeking economical solutions without compromising quality.
The demand for bovine is influenced by multiple factors. Firstly, bovine collagen is widely available and cost-effective compared to other sources such as marine or porcine collagen. This accessibility makes it a preferred choice for manufacturers seeking economical solutions without compromising on quality. In addition, bovine collagen is known for its versatility and suitability for various applications, including food, pharmaceuticals, cosmetics, and medical uses. Its compatibility with a wide range of product formulations, along with its ability to form strong gels, makes it highly desirable for numerous industries. Moreover, bovine collagen is rich in Type I and Type III collagen, which are essential for promoting skin health, joint function, and bone strength. These beneficial properties contribute to its widespread use in dietary supplements, functional foods, and skincare products, further solidifying its dominance in the collagen peptide and gelatin market.
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The food & beverages dominated the application segment. Firstly, collagen peptides and gelatin are widely used as functional ingredients in various food and beverage products due to their unique properties, such as gelling, thickening, and stabilizing abilities. This versatility allows for their incorporation into a wide range of products, including protein bars, beverages, dairy products, and confectionery items. Moreover, there is a growing consumer demand for functional foods and beverages that offer health benefits beyond basic nutrition. Collagen peptides are sought after for their potential to support skin health, joint function, and muscle recovery, making them popular additions to products targeting these health concerns. Furthermore, significant resources for product development, marketing, and distribution enable collagen peptide and gelatin products to reach a wide consumer base effectively.
Regional Outlook
North America boasts a highly developed health and wellness industry, with consumers increasingly prioritizing products that promote overall well-being. This trend is fueled by a growing awareness of the benefits of collagen for skin health, joint function, and bone strength. Moreover, the prevalence of an aging population, particularly in the United States, further drives demand for collagen supplements to address age-related health concerns. Furthermore, North America is home to numerous leading manufacturers and innovative companies in the collagen industry, facilitating advancements in product development and quality. These companies invest heavily in research and development to create new and effective collagen-based products, from dietary supplements to functional foods and beverages. In addition, the robust distribution networks and established retail infrastructure in the region ensure that these products are widely accessible to consumers, solidifying North America's position as a dominant player in the global collagen market.
Players: -
- Amicogen
- Gelita AG
- Tela Bio, Inc.
- Nitta Gelatin, Inc.
- Darling Ingredients
- Lonza Group
- Gelnex
- Norland Products, Inc.
- Tessenderlo Group NV
- Ewald Gelatine.
The report provides a detailed analysis of these key players in the global collagen peptide and gelatin market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Development:
- In January 2023, Tela Bio, Inc., launched NIVIS Fibrillar Collagen pack, which is an absorbent matrix of bovine collagen proposed to manage moderately to heavy exudating wounds and to control minor bleeding.
- In April 2023, Darling Ingredients acquired Brazilians Gelatin and Collagen Producer Gelnex which is a global producer of gelatin and collagen products, for approximately $1.2 billion to serve the growing needs of its collagen customers while continuing to serve the growing gelatin market.
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