Collagen Peptides Market and its key opportunities and challenges

Chicago,  2019-Nov-04 — /EPR Network/ —

The global Collagen Peptides Market was valued at USD 716.5 million in 2017; this is projected to grow at a CAGR of 11.6% from 2018, to reach USD 1,337.0 million by 2023, as per a report by MarketsandMarkets.

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Why promotion of a healthy diet by governments is a key opportunity?

An unhealthy diet is one of the key risk factors for non-communicable diseases (NCDs). Inadequate consumption of essential nutrients increases the risk of various chronic and cardiovascular diseases such as hypertension (high blood pressure), cancer, obesity, and diabetes. With globalization and higher exposure to other cultures (especially Western lifestyles), consumers’ eating patterns have also changed, with an increase in snacking and eating meals in restaurants.

In this scenario, many government associations and organizations have started promoting healthy diets to encourage consumer awareness, attitudes, skills, preferences, and behavior around diet and nutrition. Organizations such as the FAO and WHO, governments such as that of Canada, and departments and agencies of governments such as Public Health England (PHE) of the Government of UK have been involved in promoting healthy eating. For instance, in 2013, Public Health England launched its new Change4Life Be Food Smart campaign, exposing the “hidden nasties” in everyday food products and helping consumers to make healthier food & beverage choices. Hence, these campaigns present opportunities for the growth of the collagen peptides market.

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How insufficient processing technologies remain a challenge?

The extraction and processing of collagen peptides requires highly advanced technology. After extracting the edible collagen from porcine/bovine/fish skins, it is sent for the filtration process and ion-exchange. The filtration process involves microfiltration technology where the fluid is allowed to pass through a porous membrane. This is followed by heat sterilization, which requires high-temperature heat treatment and ultimately drying the product through spray drying technology. All the above technologies are not largely developed throughout the regions of the world, especially in developing countries such as India, China, and rest of the Asia Pacific countries. Hence, the production of collagen peptides is largely restricted to some countries, such as the US, UK, and Germany. Developing countries that have a huge demand for protein-based ingredients are lagging behind due to the absence of advanced technologies to manufacture and market products. Also, the inefficient supply chain and distribution system set the collagen peptides market behind in emerging countries.