Latin America Collagen Peptides Market had a market value of USD 89.39 million in 2022 and is forecasted to exhibit a CAGR of 6.63% and reach USD 123.22 million by 2028. The Collagen Peptides market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with the growth potential of the emerging economies in different regions all across the globe.
Collagen Peptide can be described as a chemical compound, which is rich in protein and is an important part of the healthy nutrition. It is responsible for promoting the health of bones as well as joints and also, for making the skin beautiful.
There are various factors which have been impacting the market growth over recent years. The factors having a positive impact are, wide range of applications of collagen peptide as an ingredient in food industry, consumers’ preference towards healthy lifestyle. Besides, there are few factors which hinder the market growth as well, which include concerns regarding the depleting animal sources, stringent government laws for animal origin additives. These factors are responsible for holding the market down from its full potential.
The Latin America Collagen Peptides market is broadly classified on the basis of source and application. The segmentation on the basis of source is done cattle hide & bone, fish, pigskin, poultry. On the basis of application, the market is categorized into snacks & cereals, meat & poultry products, beverages, dairy products.
Geographically the Latin America Collagen Peptides Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Collagen Peptides Market are
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