Northbrook, IL 60062 -- (SBWIRE) -- 06/23/2023 -- According to a research report by MarketsandMarkets, the collagen peptides market is projected to reach USD 922 million by 2028, with a compound annual growth rate (CAGR) of 5.7% during the forecast period. The market growth is attributed to increasing consumer health awareness and the diverse applications of collagen peptides.

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Collagen peptides find extensive use in the medical, dental, and pharmacological fields due to their versatile applications. They are utilized as a natural biomaterial with wound-healing properties and provide support for drug delivery. Collagen-based biomaterials are crucial in tissue engineering and regenerative medicine. The biocompatibility, biodegradability, and specific interactions of collagen with tissues make it a highly sought-after biomaterial in the pharmaceutical industry. Advancements in biotechnology have also led to the incorporation of marine collagen as a functional biomaterial in the pharmaceutical sector.

Among the different sources of collagen peptides, the bovine segment holds a significant market share. Bovine-sourced collagen has been extensively studied and commercialized for a long time. It offers advantages such as availability, biocompatibility, and cost-effectiveness. Bovine collagen peptides are widely used by health- and beauty-conscious consumers due to their benefits, including skin hydration, digestive support, gut healing, muscle strength support, and hair and nail health.

The Asia Pacific region is expected to drive significant market growth in the collagen peptides industry. The region's rapid growth in the livestock industry, fueled by population growth, urbanization, and increased demand for animal meat and collagen-related products, contributes to this trend. Countries like China are prominent exporters of collagen globally.

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Key players in the collagen peptides market in the Asia Pacific region include Nitta Gelatin Inc. (Japan), Tessenderlo Group (Belgium), Holista Colltech (Australia), Darling Ingredients (US), Foodmate Co., Ltd. (China), and Amicogen Inc (South Korea). The report provides an in-depth competitive analysis of these key players, including company profiles, recent developments, and market strategies.

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