The Collagen Peptides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Collagen Peptides Market is estimated to be USD 7500.61 million in 2018 and predicted to rise to USD 1055.23 million by 2023 with a CAGR of 7.05%. The market is segmented by Source (Pigskin, Poultry, Fish, Cattle Hide & Bone), Application (Snacks & Cereals, Beverages, Meat & Poultry Products, Dairy Products). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is expected to show high potential in the upcoming years, going by the current market trends. The factors responsible for the market’s potential are shift in consumers’ preference towards a healthy lifestyle and the variety of applications of collagen peptides in the form of ingredients in food processing. On the other side, there are some restraints faced by the market as well, including stringent government regulations for additives, and concerns of depletion of animal sources.
The market for collagen peptides has been segmented on the basis of source as well as application. Among the sub segments based on source, the market is dominated by the poultry sector and based on application, the dairy products lead the market share, due to high consumption all across the globe.
On the basis of regional analysis, the market is divided into various regions across the world. Among these, North America accounts for the largest share in the market, followed by Europe and Asia-Pacific. Asia-Pacific market is expected to be the fastest growing market in the upcoming years.
There are various companies competing in the collagen peptides market, but the major ones include Darling Ingredients Inc., Weishardt Group, Tessenderlo Group, Cargill, Incorporated, Kewpie Corporation, Gelnex, Danish Crown A/S, Gelita AG, Italgelatine S.P.A., Lapi Gelatine.
Browse through the full report at http://www.marketdataforecast.com/market-reports/global-collagen-peptides-market-2444/ and checkout our recent reports in the Additives category at http://www.marketdataforecast.com/research-reports/food-and-beverages/food-additives-9/. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.