The Collagen peptide is a common protein introduced in the body to circumvent dermal layers of the skin from improving skin folds. The Collagen peptide has rich source of protein and healthy nutrition to convalesce the health of bones. It is also utilized as cosmetic or medical collagen in assorted skin creams and cures to decrease the wrinkles and moisturize skin.
According to the report analysis, ‘Global Collagen Peptides Market to reach USD 829.5 million by 2027’ states that the worldwide Collagen Peptides market is facing challenges owing to the corona virus pandemic as impermanent lockdown in several countries along with producing as well as supply chain is at halt. However the effective augment in the demand for collagen peptides for medical applications, growing use of collagen peptides across the food & beverage industry as well as cosmetic and personal care products utilizing collagen peptides are the few aspects accountable for growth of the market over the forecast duration. Not only has this, the introduction of fresh products with Collagen Peptides and several other strategic alliance by market foremost players will generate a lucrative requirement for this market.
For instance: during October 2019, German based Gelita AG signed an agreement with US-based bio design corporate, Geltor for the improvement of first ingestible animal-free collagen proteins that will be established during late 2020. In such agreement Geltor will design and introduce the premium biodesinged collagen, while Gelita will deport the clinical research and commercialize the product. Whereas, customer shift toward vegan diets is the foremost factor limiting the growth of worldwide Collagen Peptides market during the review period.
Moreover, the major market player comprises in this report are Tessenderlo Group, Gelita AG, HolistaCollTech Ltd., Darling Ingredients, Nitta Gelatin India Ltd, Gelnex, LapiGelatine Spa, Weishardt, Ewald-Gelatine GmbH, and Collagen Solutions
Nonetheless, the worldwide Collagen Peptides Market is valued nearly USD 528.4 million in 2019 and is projected to grow with a healthy growth rate of more than 5.8 % over the review period of 2020-2027. The regional analysis of worldwide Collagen Peptides market is measured for the key economies such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Europe is the leading/prominent region across the world due to the effective technological advancements in this region. Whereas, Asia-Pacific is also predicted to exhibit maximum growth rate / CAGR over the forecast period of 2020-2027.
Additionally, the worldwide socio-economic dynamics, along with the increasing geriatric populace, augmented budgetary allocation to the healthcare segment, the increasing popularity of a preventive manner to lifestyle syndromes, and the increasing nutraceutical sector, have been supplementing the collagen peptide products requirement. Moreover, the effective augment in requirement for dietary supplements, augment in usage of collagen in the food & beverage industry, inclination of customers toward healthy and protein rich diet, and augment in applications of collagen peptide propel the growth of the worldwide collagen peptide market.
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Global Collagen Peptides Market Research Report
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