Acquisitions, strategic collaboration, and diverse offerings are the major trends that are prevailing in the international market for collagen peptide and gelatin market. As the market is ancillary to various other industries like personal care, cosmetics, and pharmaceuticals, it displays a diverse and dynamic vendor landscape. Taking overall scenario into consideration, it witnesses high competition with many leading market players jostling with each other in terms of partnerships and innovations so as to achieve the topmost position, observes Transparency Market Research (TMR) in its latest market research study.
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The prominent market players are making an effort with various market tactics and strategies so as to fortify their foothold in the international market for collagen peptide and gelatin. For example, various market players like Rousselot making participation in many of the international events so as to promote their product internationally. Similarly, Gelita AG, Catalent, Inc., and Nitta Gelatin, Inc. are looking at the expansion of their presence gelatininternationally through widening and diversification of their product portfolio and more funding in research & development and expansion of sales. Leading companies like Amicogen, Inc., on the other hand are taking advantage of biotechnology and other environment friendly methods to gain traction, mentions a research analyst.
Apart from assisting enterprises to obtain competitive edge, these market strategies have further positive influence on the overall operations of the market. In accordance with the market research report by TMR, the world market for collagen peptide and gelatin market is expected to display a growth rate of 9.4% CAGR between the time period that extends from the year 2016 and 2025. Expanding at this pace, the said market was valued at around US$ 11.15 bn by the end of the year 2025, from the earlier valuation of US$ 4.52 bn in the year 2016.
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Asia Pacific to Offer Promising Opportunities with the Expansion of Pharmaceutical Industry
The major geographical categories of the international market for collagen peptide and gelatin are Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. The regions of North America and Europe have led the said market in the year 2015 amongst other prime geographical segments. Together those two geographies accounted for 60% of the total market share. Various factors are responsible for the growth of the said market. Factors such as the increased investment by many market players, support from the government, fast growth in technological advancement, and growing prevalence various diseases are forecasted to boost the said market in Europe and North America. The region of Asia Pacific, however, is foreseen to expand at a very high CAGR owing to the widespread prevalence of untapped opportunities and unmet medical needs across various emerging nations. Apart from this, the regional market is forecast to gain from the increasing investment by players, and augmented funding towards the improvement of healthcare infrastructure by various governments.
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Wide and Diverse Variety of Applications to Encourage Market Growth
In accordance with a market research study, the said market is primarily benefitting from the increasing sales of nutraceuticals on account of the soaring awareness about personal well-being amongst consumers across the globe. With consumers across the world becoming more and more worried about their lifestyle and health, the requirement for dietary supplements has bolstered as well. In addition to that, an increased number of consumers are witnessed going for nutraceuticals so as to avert lifestyle associated and age-related illnesses. Spurred by these above-mentioned factors, the world market for collagen peptide and gelatin is expected to experience an accelerated pace of market gains. Taking into consideration these growth-promoting factors, it is expected that the said market is expected to gain from the improvement of economic condition of consumers worldwide especially those who live in the emerging economies. The market if further estimated to benefit from increasing occurrences of obesity and expanding base of geriatric population.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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