Market Size of Asia-Pacific Collagen Peptide Products Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.13 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Collagen Peptide Products Market Analysis
The Asia-Pacific collagen peptides products market is projected to register a CAGR of 5.2% during the forecast period.
Collagen peptides are the hydrolysis form of collagen extracted from animal and marine sources, including bovine, porcine, poultry, and fish. Collagen peptide supplements aid in improving bone health. As a result, health-conscious consumers are largely opting for collagen peptides supplements to prevent or reduce the onset of osteoporosis. Moreover, the impact of the COVID-19 pandemic has changed the food consumption pattern of Asian consumers. This raises the demand for collagen-peptides-based functional beverages involving drinks and shots. Furthermore, it encourages manufacturers to introduce new collagen peptide drinks in the market to meet consumer demands. For instance, in April 2022, WonderLab in China launched a new fish collagen peptide drink with 6000 mg of collagen peptide and 1200 mg of fish collagen tripeptide in each serving.
Over the long term, the rising demand for collagen peptides in various segments, including dietary supplements, sports nutrition, functional beverages, pharmaceutical, and skin care products, is driving the sale of collagen peptides in the market. In recent years, the demand for collagen-based skincare products has been rising among Japanese women as it helps protect skin from aging and cell damage. The growing trend of collage peptide skin care products is further fuelling the market growth in the forecast period. However, various kinds of restrictions on the consumption of animal-based products are posing restraints over the forecast period.
APAC Collagen Peptide Products Industry Segmentation
Collagen peptides are small fragments of protein derived from animal collagen. The Asia-Pacific collagen peptide market is segmented by source, form, distribution channel, and geography. By source, the market is segmented into animal-based, plant-based, and marine-based. By form, the market is bifurcated into powdered supplements, capsules and gummies, drinks and shots, and other forms. By distribution channel, the market is divided into supermarkets/hypermarkets, pharmacies/drug stores, online retail stores, and other distribution channels. By geography, the market is divided into India, China, Japan, Australia, Rest of Asia-Pacific. It provides an analysis of emerging and established countries across the Asia-Pacific. For each segment, the market sizing and forecasts are provided in terms of value in USD million.
Form | |
Powdered Supplements | |
Capsules and Gummies | |
Drinks and Shots | |
Other Forms |
Source | |
Animal-based | |
Plant-based | |
Marine-based |
Distribution Channel | |
Supermarkets/Hypermarkets | |
Pharmacies/Drug Stores | |
Online Retail Stores | |
Other Distribution Channels |
Geography | |
China | |
Japan | |
India | |
Australia | |
Rest of Asia-Pacific |
Asia-Pacific Collagen Peptide Products Market Size Summary
The Asia-Pacific collagen peptide products market is experiencing a robust growth trajectory, driven by increasing consumer awareness of health and wellness. Collagen peptides, derived from animal and marine sources, are gaining popularity for their benefits in bone health and skin care, particularly among health-conscious individuals seeking to prevent osteoporosis and reduce signs of aging. The shift in consumer behavior towards preventive health measures, especially in countries like Japan and India, is propelling the demand for collagen-based dietary supplements, sports nutrition, and functional beverages. The COVID-19 pandemic has further accelerated this trend, with a notable rise in the consumption of collagen-peptides-based functional drinks. This evolving consumer preference has encouraged manufacturers to innovate and expand their product offerings, catering to the growing demand for collagen peptides in various forms, such as powders, gummies, and drinks.
The market landscape in the Asia-Pacific region is highly competitive, with both regional and multinational companies vying for market share by introducing a diverse range of collagen peptide products. Key players like Nestlé, Vital Proteins, and Great Lakes Gelatin Co. are actively engaging in strategies such as product innovations, partnerships, and expansions to enhance their market presence. The food and beverage sector, particularly in countries like India and Indonesia, is a significant contributor to the market's growth, driven by factors such as urbanization, rising incomes, and increased health consciousness among consumers. As the demand for collagen peptides continues to rise, the market is expected to expand further, supported by the growing popularity of collagen-based skincare products and the increasing adoption of health-focused lifestyles across the region.
Asia-Pacific Collagen Peptide Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Form
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2.1.1 Powdered Supplements
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2.1.2 Capsules and Gummies
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2.1.3 Drinks and Shots
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2.1.4 Other Forms
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2.2 Source
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2.2.1 Animal-based
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2.2.2 Plant-based
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2.2.3 Marine-based
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2.3 Distribution Channel
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Pharmacies/Drug Stores
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2.3.3 Online Retail Stores
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2.3.4 Other Distribution Channels
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2.4 Geography
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Australia
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2.4.5 Rest of Asia-Pacific
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Asia-Pacific Collagen Peptide Products Market Size FAQs
What is the current Asia-Pacific Collagen Peptide Products Market size?
The Asia-Pacific Collagen Peptide Products Market is projected to register a CAGR of 6.13% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Collagen Peptide Products Market?
Nestlé, Vitalitown., Forest Leaf., Primal Harvest. and Vital Proteins LLC. are the major companies operating in the Asia-Pacific Collagen Peptide Products Market.