Regional and country-level analysis and forecasts of the North America Collagen Peptides market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
According to the report “North 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 North America Collagen Peptides Market is expected to reach USD 291 million by 2021 from USD 209 million in 2016, growing at a CAGR of 6.81%.
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The Collagen Peptides market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the rising economies showing high potential in various regions across the globe.
Collagen Peptide can be described as the chemical compounds, which are rich in protein and are an important part of the healthy nutrition.They are responsible for promoting the health of bones as well as joints and also, for making the skin beautiful.
There are various factors which are responsible for impacting the growth of the market over recent years. The factors which drive the growth are, wide range of collagen peptide’ applications as an ingredient in food industry, consumers’ preference towards healthy lifestyle.
Besides, there are some factors which hinder the market growth as well, which include stringent government laws for animal origin additives, concerns regarding the depleting animal sources. These factors are responsible for holding the market down from its full potential.
The North America Collagen Peptides market is segmented by source as well as application. The market segmentation based on source is done into pigskin, cattle hide & bone, poultry, fish.
Based on segmentation by application the market is categorized into beverages, meat & poultry products, snacks & cereals, dairy products. On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
North America dominates the market share in the Collagen Peptide market, with a share of almost one third of the total.
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Some of the dominating companies in the current market are:
- Weishardt Group
- Darling Ingredients Inc.
- Cargill Incorporated
- Tessenderlo Group
- Kewpie Corporation
- Gelita AG
- Danish Crown A/S
- Lapi Gelatine
- Italgelatine S.P.A.
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