How a Digital Marketing Agency Helps Your Online Business
Business owners now rely too much on marketing and advertising to boost their business growth. Over the past few decades, the way businesses used to operate has completely transformed with the introduction of digital marketing. Earlier, only magazines and newspapers were the only affordable way to promote a business, as television could be out of budget.
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The global collagen peptides market size is estimated to be valued at USD 631 million in 2021 and is projected to reach USD 828 million by 2026, recording a CAGR of 5.6% during the forecast period in terms of value. The demand for collagen peptides products is attributed by the significant increase in consumer inclination toward a healthy lifestyle and the rise in the demand for collagen peptides for medical applications is driving the overall collagen peptides market growth.
The marine & poultry sourced collagen peptides is projected to grow at the highest CAGR in the global market.
Based on source, marine & poultry segment is forecasted to grow at the highest CAGR from 2021 to 2026. Marine collagens are extracted from different sources, which include fishes and invertebrate marine animals such as jellyfish and sponges. Collagen peptides extracted from fish are relatively smaller in terms of the type of peptide composition. These increase digestibility and are absorbed and distributed easily in the body.
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The nutritional products segment was the largest application in the global collagen peptides market.
Nutritional products was the largest application segment in the global market. in recent few years, the nutritional products such as supplements and sports nutrition infused with collagen peptides have gained huge popularity among consumers due to their effectiveness. These products containing collagen peptides are easy to absorb and more bioavailable. Also, these products contain unique nutritional and amino acids profile as collagen peptides are fat and carbohydrate-free.
By region, Asia Pacific is projected to grow at the highest CAGR during the forecast period
In the last few decades, the Asian region has witnessed a growing economy of countries and the rising living standard of consumers. Technological advancements have led to the identification of various application areas for collagen peptides, such as pharmaceutical and nutraceutical products. Also, their rising demand as an ingredient in the food & beverage sector has contributed to the growth of the collagen peptides market. In the Asia Pacific region, collagen peptides are majorly used in food & beverage products to extend the shelf life of products and add nutritional value to them without affecting their texture.
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