The Latin America Collagen Peptides market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with the growth potential of the emerging economies in different regions all across the globe.
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According to the report “Latin America Collagen Peptides Market by Source (Pigskin, Poultry, Fish, Cattle Hide & Bone), Application (Snacks & Cereals, Beverages, Meat & Poultry Products, Dairy Products), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, The Latin America Collagen Peptides Market had a market value of USD 78 million in 2016 and is forecasted to exhibit a CAGR of 6.63% and reach USD 108 million by 2021.
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Collagen Peptide can be described as a chemical compound, which is rich in protein and is an important part of the healthy nutrition.
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It is responsible for promoting the health of bones as well as joints and also, for making the skin beautiful.
There are various factors which have been impacting the market growth over recent years. The factors having a positive impact are wide range of applications of collagen peptide as an ingredient in food industry, consumers’ preference towards healthy lifestyle.
Besides, there are few factors which hinder the market growth as well, which include concerns regarding the depleting animal sources, stringent government laws for animal origin additives. These factors are responsible for holding the market down from its full potential.
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The Latin America Collagen Peptides market is broadly classified on the basis of source and application. The segmentation on the basis of source is done cattle hide & bone, fish, pigskin, poultry.
On the basis of application, the market is categorized into snacks & cereals, meat & poultry products, beverages, dairy products. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
Among various big companies in the Latin America Collagen Peptides market, the major ones are:
- Darling Ingredients Inc.
- Gelita AG
- Weishardt Group
- Cargill Incorporated
- Kewpie Corporation
- Tessenderlo Group
- Danish Crown A/S
- Italgelatine S.P.A.
- Lapi Gelatine.
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