Report : North America Collagen Peptides Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Source (Bovine, Porcine, Poultry, Marine, And Others), Form (Dry and Liquid), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)
At 5.2% CAGR, the North America Collagen Peptides Market is speculated to be worth US$ 404.67 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the North America Collagen Peptides Market was valued at US$ 284.54 million in 2023 and is expected to reach US$ 404.67 million by 2030, registering a CAGR of 5.2% from 2023 to 2030. Wide application scope and strategic development initiatives by key market players are the critical factors attributed to the North America collagen peptides market expansion.
Collagen peptide is a structural protein produced by hydrolysis of collagen found in connective tissue, skin, tendons, bones, cartilage, and other body parts. It supports tissues structurally and is involved in cellular functions such as tissue healing, immunological response, cellular communication, and cellular migration. Collagen is generally obtained from bovine connective tissues or marine sources. It has many applications across multiple end-use industries, including food & beverages, pharmaceuticals & nutraceuticals, and personal care. In the food & beverages industry, collagen peptide is used in yogurts, confectioneries, nutritional bars, ready-to-drink beverages, and others. Collagen peptide-induced foods and beverages enhance protein levels in the body; moreover, they help repair skin texture, improve bone and muscle health, and strengthen joints. Rising awareness regarding the health benefits of collagen peptides among customers is driving the demand for collagen peptide-induced foods and beverages.
According to the National Center for Biotechnology Information, 5 g of collagen peptide per day in postmenopausal women can raise bone mineral density (BMD) and enhance bone formation. Rising research studies over the effectiveness of collagen peptides on osteoporosis is expected to boost the market growth among the target audience.
On the contrary, safety concerns and stringent regulations related to consumption of collagen peptides hurdles the growth of North America collagen peptides market.
Based on sources, the North America collagen peptides market is segmented into bovine, porcine, poultry, marine, and others. The bovine segment held 30.2% share of North America collagen peptides market in 2023, amassing US$ 85.90 million. It is projected to garner US$ 114.65 million by 2030 to expand at 4.2% CAGR during 2023–2030.
Based on form, the North America collagen peptide market is segmented into dry and liquid. The dry segment held 77.6% share of North America collagen peptides market in 2023, amassing US$ 220.67 million. It is projected to garner US$ 318.84 million by 2030 to expand at 5.4% CAGR during 2023–2030.
Based on application, the North America collagen peptide market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals segment held 42.5% share of North America collagen peptide market in 2023, amassing US$ 121.04 million. It is projected to garner US$ 167.33 million by 2030 to expand at 4.7% CAGR during 2023–2030.
Based on country, the North America collagen peptide market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 77.6% share of North America collagen peptide market in 2023. It was assessed at US$ 220.70 million in 2023 and is likely to hit US$ 312.29 million by 2030, exhibiting a CAGR of 5.1% during the forecast period.
Key players dominating the North America collagen peptide market are GELITA AG; Rousselot BV; Tessenderlo Group NV; BioCell Technology LLC; Weishardt Holding SA; Nippi Collagen NA Inc; and Nitta Gelatin India Ltd among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com