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Q. Which type of collagen peptide and gelatin will show highest progress in the overall market?
A. The various types of collagen peptide and gelatin available in the global market are type I, type II, and others. Analysts anticipate, that the type 1 segment will show expeditious growth amongst other segments between 2016 and 2025. The high demand for type 1 collagen will be attributable to its soaring adoption in production of grooming and personal care products. Thus, the growth of the personal care industry is expected to have a positive influence on the type 1 collagen segment in the near future.
Q. How has the nutraceuticals industry fuelled the global market over the years?
A. Nutraceuticals are supplements that are consumed to compensate for nutritional deficiencies and overall well-being. The increasing focus toward living a healthy life, increasing participation in sporting activities, and rising pool of geriatrics are expected to make a collective contribution to expansion of the nutraceuticals market in the near future. Collagen peptide is extensively used in the production of a wide range of nutraceuticals. Thus, the emergence of the nutraceuticals industry is expected to have a positive impact on the collagen market.
On the other hand, the demand for peptide will be driven by the booming pharmaceuticals industry. Peptides are predominantly used in the production of drugs due as they are biodegradable, easily available, quick wound healing, and a high absorption rate.
Q. Which region will prove to be instrumental to the success of the global collagen peptide and gelatin market?
A. Geographically, the global market is fragmented into regions such as Europe, North America, Latin America, the Middle East and Africa, and Europe. Of these, the North America is expected to dominate the global market in the coming years due to a phenomenal governmental support and strong presence of pharmaceutical companies. Additionally, rising investments in by players in developing effective products using collagen peptide and gelatin are also projected to favor market growth.
Some of the leading players operating in the global collagen peptide and gelatin market are GELITA AG, Catalent, Inc., Rousselot, Nitta Gelatin, Inc., Capsugel Belgium NV, InterHealth Nutraceuticals, Inc., and Norland Products, Inc. The companies are expected to focus on partnerships to stay ahead of the intensifying competition in the global market in the next few years. Research and development will also be an important part of the winning strategy for the leading players in the global market.
For instance, GELITA AG is expected to focus on research and development of gelatin and collagen peptides to increase their scope of application. The company will also develop specialty products for the production of cleansing agents, fertilizers, and food items. Thus, innovative approaches will prove to be beneficial to the companies operating in the global market in the near future.