The Asia Pacific Collagen Peptides Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 15,545.3 tonnes, showcasing a growth of 3.7% (2019-2022).
Highly integrated companies like Rousselot, Weishardt, and GELITA AG are heavily involved in producing collagen peptides as well as finished goods for the pharmaceutical and nutraceutical industries. The distribution networks, which include proximity sales and direct distribution for local sales and the external agencies used for distribution, are well-established. Collagen peptide manufacturers are expanding their presence and reaching new markets, catering to a broader demographic of consumers.
Due to rising demand for natural and functional ingredients, an older population, growing health benefits awareness, and innovative product formulations. As the market continues to expand, the developers can anticipate introducing even more innovative products in the coming years. Ongoing research and clinical studies are providing scientific evidence to support the health benefits of collagen peptides. Positive findings are reinforcing consumer confidence in collagen-based products.
The Increasing demand for various product categories, such as nutritional bars, dietary supplements, cosmetic products, and beverages, drives the regional sales of collagen peptides. Also, the aging population has been adding to the need for collagen peptide products, as has the expanding nutraceutical industry, which raised the budgetary allocation to the healthcare sector.
The sale of nutritional supplements has been one of the leading industries in the Asia-Pacific region. The subcontinent's population has been leaning increasingly toward adopting more conventional means and ways, employing naturally sourced foods, supplementation, and dietary additives to lead a better life. The rapid growth of urbanization and changing lifestyles, which have raised the prevalence of chronic diseases, have substantially impacted the expansion of supplement consumption. People are increasingly choosing nutritional supplements to fill any dietary gaps and prevent illnesses associated with laziness by avoiding diseases related to lack of activity. As a result, collagen peptide demand in the region is increasing.
The China market dominated the Asia Pacific Collagen Peptides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $75.7 million by 2030. The Japan market is estimated to witness a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would register a CAGR of 7.1% during (2023 - 2030).
Based on Application, the market is segmented into Nutritional Products, Food & Beverage, Cosmetics & Personal Care, and Others. Based on Source, the market is segmented into Bovine, Porcine, and Marine & Poultry. Based on Form, the market is segmented into Liquid, and Dry. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Collagen Peptides Market is Projected to reach USD 1.05 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Tessenderlo Group NV, Gelita AG, Darling Ingredients, Inc., Nitta Gelatin, Inc., BioCell Technology LLC, Lapi Gelatine S.p.a (Lapi Group), SAS Gelatines Weishardt, Viscofan, S.A., Amicogen Co., Ltd., and Foodmate Co., Ltd. (Foodchem Group)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Source (Volume, Tonnes, USD Million, 2019-2030)
By Form
By Country (Volume, Tonnes, USD Million, 2019-2030)
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