Collagen Peptides Market Size, Share, Growth Analysis, By Form(Dry and liquid), By Source(Bovine, porcine, marine & poultry, and others), By Region - Industry Forecast 2024-2031

Collagen Peptides Market size was valued at USD 667.07 million in 2022 and is poised to grow from USD 705.76 million in 2023 to USD 1,108.01 million by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

The global collagen peptides market has witnessed significant growth in recent years and is expected to continue its upward trajectory in the coming years. Collagen peptides, also known as hydrolyzed collagen or collagen hydrolysate, are derived from collagen-rich sources such as animal bones, skin, and connective tissues. These peptides have gained popularity due to their various health benefits and applications across multiple industries. One of the key factors driving the growth of the global market is the increasing consumer awareness about the importance of maintaining healthy skin, hair, and nails. Collagen peptides are known for their ability to improve skin elasticity, reduce wrinkles, and promote hair and nail growth. As a result, there has been a surge in demand for collagen-based beauty and personal care products, including creams, serums, and supplements. Furthermore, the rising aging population worldwide has contributed to the market growth. Aging is often associated with a decline in collagen production in the body, leading to the development of age-related conditions such as joint pain and osteoporosis. Collagen peptides have shown potential in supporting joint health and improving bone density, which has fueled their adoption among the elderly population. The food and beverage industry has also been a major driver of the collagen peptides market. Collagen peptides are increasingly being incorporated into various food and beverage products due to their functional properties, including improved texture, stability, and nutritional value. Additionally, the growing demand for protein-rich products, especially among fitness enthusiasts and athletes, has further bolstered the market growth. However, the global collagen peptides market is not without its challenges. One of the primary concerns is the sourcing of collagen from animal-derived raw materials, which raises ethical and sustainability issues. This has led to a rise in demand for alternative sources of collagen, such as marine collagen derived from fish scales and plant-based collagen alternatives. Additionally, stringent regulations and quality standards in the production and processing of collagen peptides pose a challenge for manufacturers. Compliance with these regulations requires significant investments in research and development, as well as production facilities, which can be a barrier to entry for new players in the market. Moreover, the high cost of collagen peptides remains a restraint for mass adoption, particularly in emerging economies where price sensitivity is a key factor. The affordability of collagen-based products needs to be addressed to tap into the full market potential.

US Collagen Peptides Market is poised to grow at a sustainable CAGR for the next forecast year.