The global collagen peptide and gelatin market features an increasingly competitive landscape. Transparency Market Research (TMR) finds that several top players operating in the market are focusing on adopting strategies and making moves with an aim to broaden their product portfolio. To this end, a few prominent ones in the global collagen peptide and gelatin market have been leveraging the potential of partnership with pharmaceutical companies. A few other companies with vast financial clout are spending sizeable sums of research and development, notes TMR.
Their focus is to launch novel products in the collagen peptide and gelatin market to meet the needs of a wide cross-section of end users, world over.A growing number of players are also focusing on making collaborations to bolster their production and marketing capabilities. This is likely to offer them a competitive edge over their rivals and peers in the global collagen peptide and gelatin market. The advent of innovative capsule is a case in point.The global collagen peptide and gelatin market stood at US$5.45 bn in 2017 and is projected to attain US$11.16 bn by the end of 2025. This represents a CAGR of 9.4% from 2017 to 2025.
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Among the various types, Type I collagen is projected to hold major share in the global collagen peptide and gelatin market. The prospects are driven by the extensive worldwide commercialization of the products of this type over the assessment period.
However, there is a paucity of collagen peptide and gelatin formulations that promise good safety and efficacy profiles for consumers. This has been restraining the rapid expansion of the global collagen peptide and gelatin market. Nevertheless, awareness in various parts of the world has risen regarding the collagen benefits on skin and bone health. Moreover, rising industry focus on the commercialization of novel prebiotic/probiotic products is imparting considerable growth momentum to the collagen peptide and gelatin market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Collagen Peptide and Gelatin Market (Type – Type I and Type II (Hydrolyzed and Undenatured)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”