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NEW YORK, Dec. 16, 2020 /PRNewswire/ -- The global collagen peptides market is estimated to witness a notable growth in forecast period owing to the rising demand for collagens from food and beverage industry. The North America region is predicted to grow at a fast pace by 2027.
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Market Dynamics
The increasing demand for collagen peptides from the food & beverage industry and the growing awareness levels of people about health consciousness coupled with increasing consumption of nutritional products are the significant factors expected to upsurge the growth of the overall collagen peptides market during the forecast period. Moreover, the growing R&D activities for the development of novel products and the initiatives taken by several governments to promote healthy diets are likely to create massive growth opportunities in the global market by 2027. However, the availability of alternative products and the stringent regulations for approval of food with animal origin is expected to restrict the market growth in the coming years.