Arab & Middle East News
(ARABNEWSWIRE.COM, October 12, 2017 ) According to the report “Middle East and Africa 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 Middle East and Africa Collagen Peptides market is estimated to reach USD 73 million from a market value of USD 52 million in 2016 at a CAGR of 6.78%.
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The MEA Collagen Peptides market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the shooting potential in economies emerging across the globe.
Collagen Peptide can be described as the chemical compounds, rich in protein and an important part of the healthy nutrition. These are responsible for promoting health of joints and bones and also, for making the skin beautiful.
There are various factors which have been impacting the market growth over recent years. The factors driving the growth are wide range of applications of collagen peptide as an ingredient in food industry, consumers’ preference towards healthy lifestyle. Further, there are some factors which restrain the market growth as well, which include concerns regarding the depleting animal sources, stringent government laws for animal origin additives. These factors are responsible for holding the market down from its full potential.
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The Middle East & Africa Collagen Peptides market is segmented based on source and application. The market is segmented on the basis of type under poultry, fish, cattle bone & hide, pigskin. On the basis of application, the market is divided into snacks & cereals, meat & poultry products, beverages, dairy products. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa. Middle East & Africa account for the lowest share in the market.
The major companies showing interest in the market lately include Weishardt Group, Tessenderlo Group, Darling Ingredients Inc., Cargill, Incorporated, Gelnex, Danish Crown A/S, Kewpie Corporation, Italgelatine S.P.A., Gelita AG, Lapi Gelatine.
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