Collagen Peptide Market - Growth, Trends, Forecast (2020 - 2025)

Global collagen peptide products market is projected to grow at a CAGR of 7.01% during the forecast period.

The increasing demand in the key segments, such as dietary supplements, nutritional bars, beverages, and beauty products, has been driving the sales of collagen peptides globally.

The global socio-economic dynamics, along with the growing geriatric population, increased budgetary allocation to the healthcare sector, the growing popularity of a preventive approach to lifestyle diseases, and the growing nutraceutical segment, have been complementing the collagen peptide products demand.

Asia-Pacific is expected to be one of the fastest-growing market owing to the robust market sentiments exhibited by China, Korea and India. The region is expected to register a CAGR of 7.01% during the forecast period.

Key Market Trends

Increasing Consumer Awareness on Collagen-Infused Nutricosmetics

Designed to deliver healthy aging benefits with an emphasis on skin, hair, and nail beauty, there has been a growing demand for collagen-based supplements. This is due to the increase in consumer awareness on the benefits of collagen peptides and tripeptides infused in human nutrition, which has gained traction in both the nutrition and cosmetic markets, contributing to the growth of nutricosmetic solutions globally. Driven by consumer’s growing desire to prevent premature aging, along with the growing preference for natural, safe, and effective beauty solutions, protein- and amino acid-derived nutricosmetics, such as collagen, held a majority market share of 29% in the global nutricosmetics market. This has led key players in the nutraceutical market to expand their product portfolio with nutricosmetics in order to place themselves strongly in the beauty supplements market.

Asia-Pacific is Likely to Experience the Highest Growth Rate

Collagen peptide-based products such as dietary supplements and beauty-from-within beverages occupy the maximum shares in Asia-Pacific, followed by Europe and North America. This is due to high consumer awareness on various benefits of such products, and the rapidly growing beauty products industry of Asian countries such as South-Korea and Japan. Thus, these countries have a major share in the collagen market, due to high usage in cosmetic and personal care products. The market is anticipated registering a slower growth rate due to high product pricing. On the other hand, owing to increasing disposable income and fast-paced industrialization, developing nations, like India, have a significant potential for growth.

Competitive Landscape

The global collagen peptide products market contains a large number of regional and global players. New product launches, market expansion, partnerships, are the preferred strategic approaches adopted by most companies involved in the collagen peptide products business. Owing to the product expansions and increasing market for dietary supplements and functional food, the global players in the collagen peptide products market adopt new product launch, as their key strategy. The most active companies worldwide include Vital Proteins LLC, Equip, The Nature's Bounty Co, and Twinlab Consolidated Corporation.

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