Source: Transparency Market Research, October, 2014
Surging awareness about physiological well-being and personal healthcare drives the growth of the global collagen peptide and gelatin market, states a recently published report by Transparency Market Research. The report is titled “Collagen Peptide and Gelatin Market – Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014 – 2020” and is available for sale on the company website. According to the report, the global collagen peptide market is poised to grow from US$0.7 billion in 2013 to US$1.1 billion in 2020, registering a 6.8% CAGR during the forecast period. The gelatin market, on the other hand, was worth US$1.8 billion in 2013 and is estimated to be worth US$3.0 billion by 2020, developing at a 7.5% CAGR from 2014 to 2020.
The collagen peptide and gelatin market is segmented on the basis of type of sources, applications, and geography. Geographically, the global collagen peptide and gelatin market is divided into North America, Europe, Asia Pacific, and Rest of the World. Owing to the increased popularity of cosmeceuticals, rise in R&D activities, and growing awareness about nutraceuticals, North America dominated the collagen peptide market in 2013. The gelatin market, however, was led by Europe owing to flourishing pharmaceutical and food and beverages industries and presence of several research organizations in the field of nutritional products. The Asia Pacific market for collagen peptide and gelatin is set to be the most promising regional segment from 2014 to 2020 owing to rising importance of nutrition and personal well-being and steady pace of industrialization.
Read the full article here: Collagen Peptide and Gelatin Market: APAC to Emerge as Most Lucrative Region Owing to Rising Health Awareness