The growing use of collagen peptides in Food & Beverages (F&B), growing customer health consciousness owing to the prevalence of several diseases, nutritional deficiencies, and demand for healthy aging, and enlarging application of collagen peptides in the nutritional products, cosmetics, and pharmaceuticals, are the foremost aspects propelling the market revenue growth. Moreover, the growing demand for nutritional supplements and clinical utilization of collagen in cosmetic surgeries is also propelling revenue growth of the market.
The implementation of western diets, transforming food habits and lifestyles, and an augment in the demand for collagen peptides in a wide range of industries such as cosmetics & personal care products, pharmaceuticals, nutritional products, and food & beverages have broadly underwritten the advancement of the market in the emerging nations. Owing to this, there possesses a huge opportunity for the producers to augment. Moreover, the growing expenditures and investments in countless research & development activities connected to this market deliver a vast amount of growth opportunities for the market during the coming years.
According to the SPER market research, ‘Collagen Peptides Market Size, Share & Trends Analysis, By Application, By Form, By Source, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the collagen peptides market is predicted to reach USD 996 million by 2030 with a CAGR of 5.2%. The effective growth in the adoption of cosmetic products and a nutrition-rich diet has led to the growth of the collagen peptide market owing to its health advantages. The effective growth in the geriatric population is a driver of the growth.
Collagen is used in cosmetic creams as a nutritional supplement for skin replacement, vascular, soft skin enlargement, heart reconstruction, bone and cartilage regeneration, and other uses. Several soaps, facial creams, shampoos, body lotions, and several other cosmetics comprise collagen as a component, while a vital ingredient in skin and hair care products is hydrolyzed collagen. In addition, the shower and shampoo gels in the personal care segment comprise hydrolyzed collagen together with surfactants and active cleaning ingredients.
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Furthermore, augmented customer awareness of nutrition has resulted in requirements for food products with precise functionalities that will encounter their encounters and assist address dissimilar factors of health. In addition, augment in demand for dietary supplements, augment the usage of collagen in the food & beverage industry, the inclination of customers toward a healthy and protein-rich diet, and augment in the application of collagen peptide in Nutri cosmetic, healthcare, and pharmaceutical propel the growth of global collagen peptides market.
The Asia Pacific market is predicted to observe a high CAGR in the global market. Over the last few decades, the Asian region has seen countries’ economies augment and customers’ living standards augment. Owing to technological innovations, collagen peptides have found usage in several applications, involving pharmaceutical and nutraceutical products. Collagen peptides are commonly used in food & beverages in the Asia Pacific region to enlarge the shelf life and add nutritional value without impacting texture.
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