At 5.8% CAGR, the South & Central America Collagen Peptides Market is projected to be worth US$ 169.19 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the South & Central America collagen peptides market was valued at US$ 114.15 million in 2023 and is expected to reach US$ 169.19 million by 2030, registering a CAGR of 5.8 % from 2023 to 2030. Wide application scope and strategic development initiatives by key market players are the critical factors attributed to the South & Central America collagen peptides market expansion.                    

The beauty & personal care industry is growing at a significant pace. People focus more on skincare and hair care and procure products that provide nourishment and deep hydration. Moreover, they prefer products that offer anti-aging benefits. As humans age, the body produces less collagen, creating skin problems such as wrinkles, skin loosening, and dehydration. Alcohol consumption, smoking, and stress also trigger skin aging. Collagen peptides assist in improving skin health and slowing down the aging process. Primarily collagen peptide is used in various personal care and cosmetic products, including moisturizers, anti-aging creams and lotions, acne-fighting gels, shampoos, and hair serums. When used in hair care products, collagen peptide improves the appearance of hair and enhances hair strength. It also aids in improving the texture of hair generally damaged by excessive chemical treatments or underlying health issues. Skincare products with collagen peptides improve the appearance of damaged or dry skin by reducing flaking and restoring suppleness. Consumers focus on holistic beauty, which blurs the lines between beauty, health, and well-being. People strongly believe that having beautiful skin necessitates a healthy lifestyle. Consumers are increasingly opting for healthier ways to make their skin glow, as they have traced a link between healthy skin and a balanced diet. Therefore, over the past few years, there has been a growing demand for nutricosmetics. Nutricosmetics are products or ingredients that act as nutritional supplements for skin, nails, and hair care. They are usually offered in liquids, pills, or functional foods. With the increasing consumption, manufacturers are launching various nutricosmetics. Thus, the escalating demand for collagen peptides in personal care products and nutricosmetics is expected to introduce new trends to the collagen peptides market during the forecast period.  

On the contrary, safety concerns and stringent regulations related to consumption of collagen peptides hurdles the growth of South & Central America collagen peptides market. 

Based on sources, the South & Central America collagen peptides market is segmented into bovine, porcine, poultry, marine, and others. The bovine segment held 36.0% share of South & Central America collagen peptides market in 2023, amassing US$ 41.08 million. It is projected to garner US$ 58.49 million by 2030 to expand at 5.2% CAGR during 2023–2030.

Based on form, the South & Central America collagen peptide market is segmented into dry and liquid. The dry segment held 81.7% share of South & Central America collagen peptides market in 2023, amassing US$ 93.29 million. It is projected to garner US$ 139.78 million by 2030 to expand at 5.9% CAGR during 2023–2030.

Based on application, the South & Central America collagen peptide market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals segment held 37.3% share of South & Central America collagen peptide market in 2023, amassing US$ 42.63 million. It is projected to garner US$ 61.36 million by 2030 to expand at 5.3% CAGR during 2023–2030.  

Based on country, the South & Central America collagen peptide market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 59.2% share of South & Central America collagen peptide market in 2023. It was assessed at US$ 67.63 million in 2023 and is likely to hit US$ 97.46 million by 2030, exhibiting a CAGR of 5.4% during 2023–2030.      

Key players operating in the South & Central America collagen peptide market are Darling Ingredients Inc, GELITA AG, Lapi Gelatine SpA, Rousselot BV, and Tessenderlo Group NV, among others.

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