Collagen Peptide and Gelatin Market- Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014 - 2020
Albany, New York (PRWEB) January 30, 2015
According to a new market report published by U.S. based market research company, Transparency Market Research “Collagen Peptide and Gelatin Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014 - 2020” the global collagen peptide market was valued at USD 0.7 billion in 2013 and is estimated to reach a market worth of USD 1.1 billion in 2020, growing at a CAGR of 6.8% from 2014 to 2020. Similarly, the global gelatin market was valued at USD 1.8 billion in 2013 and is estimated to reach USD 3.0 billion in 2020 growing at a CAGR of 7.5% from 2014 to 2020.
Increasing awareness about personal healthcare and rising trend towards maintenance of physiological well-being in old-age are considered as the important factors driving the growth of this market. Collagen peptide and gelatin are considered as a rich source of proteins and amino acids and hence are widely utilized in the nutraceuticals and bone and joint health products. This increasing awareness about healthcare is projected to boost the market growth. Moreover, increasing R&D activities for the development of novel drug formulations and growing regenerative medicines application segment are some of the prime factors propelling the market growth during the forecast period from 2014 to 2020.
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The global collagen peptide and gelatin market is segmented on the basis of products, namely; collagen peptide and gelatin. Collagen peptide market is segmented on the basis of types of sources and applications. In 2013, marine collagen peptide segment was the largest source of collagen peptide market, owing to abundant presence of raw materials, minimal threat of disease transmission and strong bioavailability. Thus, owing to the above mentioned factors, this source is likely to retain its dominance by the end of 2020. Moreover, marine gelatin segment is anticipated to be the fastest growing source segment, from 2014 to 2020. Similarly, cosmeceuticals segment was considered as the largest application segment of collagen peptide and held over 20% of the market share in 2013 and is likely to retain its dominance during the forecast period. Anti-aging properties of collagen peptide products have accentuated its usage in cosmeceuticals and contributed in the dominance of this segment. However, others (regenerative medicines, wound healing etc.) segment is projected to grow at a highest CAGR during the forecast period from 2014 to 2020.
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Global gelatin market is segmented on the basis of types of sources and applications. Porcine gelatin was estimated as the largest source of gelatin in 2013. Abundant availability and wide applications in different verticals (pharmaceuticals, cosmeceuticals and food and beverages) are some of the prominent factors that contributed in the dominance of the market. However, marine gelatin is likely to grow at a highest CAGR during the forecast period from 2014 to 2020, owing to increased application of marine gelatin in different verticals. In case of applications, food and beverages market was the largest application segment in 2013. Wide applications in food and beverages manufacturing (for instance, ice-creams, jellies, confectionaries, wine, beers, and mousses) supported the leadership of this segment. Bone and joint health segment is projected to witness a strong growth rate of over 8% during the study period. Increasing geriatric population and preferred source of nutrition are the key factors that are likely to boost the market growth of gelatin products in bone and joint health application segment.
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Geographically the collagen peptide and gelatin market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America accounted for the largest market share in the global collagen peptide market in 2013, owing to large number of R&D practices, strong awareness about nutraceuticals and wide use of cosmeceuticals. However, Asia-Pacific is estimated to witness strong growth in its market share and emerge as the most promising and fastest growing market during the forecast period from 2014 to 2020. This growth is expected to be driven by factors such as steadily increasing industrialization and increased awareness towards nutrition and personal well-being.
The global collagen peptide and gelatin market is consolidated and is dominated by selective players operating at the global level, such as, Rousselot International, PB Gelatin, GELITA AG, Nitta Gelatin and Weishardt International Group. Rousselot International was the market leader in collagen peptide market in 2013, followed by GELITA AG and Roxlor LLC. GELITA AG was the market leader in gelatin market in 2013. GELITA AG was followed by PB Gelatins and Rousselot International. Geographical expansion is the key strategy pursued by the different market players to accentuate their market shares.
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