According to a new report, published by KBV research, The Global Collagen Peptides Market size is expected to reach $1.05 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 64,437.5 tonnes, experiencing a growth of 3.6% (2019-2022)
The Food & Beverage segment is showcasing a CAGR of 6.4% during (2023 - 2030). The ability to absorb, texturize, and thicken collagen peptides can be attributed to the segment's growth. Collagen peptides are, therefore, commonly utilized in the food & beverage industry. One of the most crucial proteins in the human body is collagen, which gives muscles and tissues their structural support. This factor will increase the use of collagen peptides in dietary supplements.
The Bovine segment is leading the Global Collagen Peptides Market by Source in 2022; thereby, achieving a market value of $483.3 million by 2030. Bovine collagen peptides are produced cost-effectively. Bovine animal organs, such as ligaments, skin, bones, and other body parts, are easily accessible because they are the most widely consumed meats worldwide. The market is predicted to expand over the forecast period due to factors such as the simplicity of raw material availability and the cost-effective collagen peptide synthesis process.
The Liquid segment is exhibiting a CAGR of 5.5% during (2023 - 2030). Liquid collagen, a dietary supplement, helps to increase muscular mass, skin flexibility, and resistance to the effects of aging. People acquire such flavored liquid collagen because most collagen products are already made beverages with between ten to fifteen grams of collagen and fruit juice as a sweetener. Other significant factors impacting market expansion over the ensuing years include the range of uses for collagen and the simplicity of employing liquid collagen compared to other formulations.
The Europe region dominated the Global Collagen Peptides Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $375.4 million by 2030. The North America region is anticipated to grow at a CAGR of 6% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/collagen-peptides-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nutrient Survival, Betty Lou's Inc., Garden of Life, LLC (Nestle S.A), Kanegrade Ltd., PB2 Foods, Inc. (Bell Plantation Inc.), Z Natural Foods LLC, Powbab, Inc., Nutricost (ESUPPLEMENTS, LLC), and BetterBody Foods, and Hoosier Hill Farm LLC (Saco Foods)
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