Collagen Supplements Market to Grow with a CAGR of 5.71% through 2028
Increasing
health consciousness, an aging population, and integration with the beauty
industry is expected to drive the Global Collagen Supplements Market growth in
the forecast period, 2024-2028.
According to
TechSci Research report, “Collagen Supplements Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Collagen Supplements Market stood at USD 2.02 billion in 2022 and is
anticipated to grow with a CAGR of 6.10% in the forecast period, 2024-2028.
This can be attributed to research and development. Ongoing research into the
health benefits of collagen and advancements in product formulations continue
to drive the market. As scientists uncover new potential applications of
collagen in areas such as gut health and sports nutrition, the market is poised
for further expansion.
In addition,
consumers are demanding greater transparency from supplement manufacturers.
Brands that provide third-party testing, quality certifications, and clear
ingredient sourcing information will likely gain consumer trust. Industry
standards and certifications for collagen supplements may also become more
widespread.
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The market
growth is being driven by an increased emphasis on leading a healthy lifestyle
and a growing number of consumers interested in these products. Additionally,
rising awareness of their nutritional benefits, a growing middle-class
population, and increasing demand for collagen through imports are contributing
to the demand for collagen supplements. The prevalence of various diseases such
as arthritis, inflammatory bone conditions, and rheumatoid arthritis has also
motivated people to incorporate collagen supplements into their routines to
promote health and prevent these ailments. Additionally, factors like age and
income level play a significant role in determining the purchase of collagen
supplements.
Collagen is a
crucial component of various body structures, including hair, skin, nails,
bones, tendons, muscles, ligaments, joints, and organs. As individuals age, the
natural collagen levels in their bodies decline, making collagen
supplementation appealing for addressing aging-related and digestive issues.
Consequently, there has been a recent increase in demand for collagen
supplements. These supplements are available in various forms, such as powders,
liquids, pills, and gummies.
Furthermore,
growing health consciousness among consumers is driving an increased preference
for collagen supplements. Improved living standards, higher health expenditure,
a rise in disposable income, and extensive promotion of processed collagen
supplements are further boosting market growth. Additionally, the growing
working population is creating a demand for high-quality and nutritious
supplements, contributing to the industry's expansion.
It is important
to note that the COVID-19 pandemic has had adverse effects on the market in
various regions. The imposition of lockdowns in major countries disrupted the
supply chain for product manufacturing. Temporary business closures and retail
shop shutdowns also had a negative impact on the market during the pandemic.
Logistics suppliers and farmworkers were among those significantly affected.
However, the pandemic did encourage wholesalers and exporters to explore new
avenues for increasing productivity and enhancing safety protocols. The
distribution channels for collagen supplements were also constrained due to the
closure of specialty stores and restrictions on online deliveries during the
lockdown period.
The Global Collagen
Supplements Market is segmented into form, distribution channel, regional
distribution, and company.
Based on its
form, the global market revenue was predominantly dominated by pills and
gummies in 2022, which were favored by consumers for their simplicity as collagen
supplements. The growth of this segment during the forecast period can be
attributed to the increasing demand for pills and gummies collagen supplements
and a rising trend in dietary supplement consumption. Additionally, the
segment's growth is expected to be fueled by consumers' growing preference for
dietary supplements and their desire for enhanced muscle growth post-exercise.
The forecast
period is expected to see the powder form of collagen supplements experiencing
the highest growth, driven by increasing demand. Factors such as the rising
demand for collagen supplements, increasing disposable incomes, and evolving
lifestyles contribute to the expansion of this segment. Powder collagen
supplements, being the most popular type, can be easily mixed with water or
various types of juices and come in a variety of flavors. These supplements are
known for strengthening hair, bones, joints, and nails, as well as improving
gut health and digestion. As a result, their demand is anticipated to rise in
the near future, leading to significant growth in this segment throughout the
forecast period.
Based on region,
North America played a pivotal role in contributing the largest share to the
market in 2022, primarily due to the robust demand for collagen supplements in
both the United States and Canada. Additionally, the market in this region
benefited from the growth in the aging population, which further fueled its
expansion. Moreover, the sports nutrition industry's increasing appetite for
collagen supplements has been a significant driver of growth in North America.
Furthermore, the industry is expected to experience substantial growth over the
forecast period, propelled by rising per capita consumption of collagen
supplements and an increased demand for imports.
Looking ahead,
the Asia Pacific region is poised to achieve an impressive CAGR from 2023 to
2028. This remarkable growth can be attributed to the surging demand for
collagen supplements in the region. The rise in disposable income levels,
particularly in countries like China and India, among others, is a key factor
propelling the growth of this segment. Furthermore, the growing popularity of
marine-based collagen supplements is also contributing to the expansion of the
market in the Asia Pacific region. Consequently, the collagen supplements
market is expected to exhibit substantial growth throughout the forecast period
in this region.
Major companies
operating in Global Collagen Supplements Market are:
- Optimum Nutrition Inc
- BioTechUSA
- TCI Co Ltd
- Further Food
- Vital Proteins LLC
- Hunter and Gather Foods
- Shiseido Co Ltd.
- Clorox Co/The
- Bountiful Co/The
- Codeage LLC
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“The global
collagen supplements market is poised for continued growth, fueled by emerging
trends that cater to evolving consumer preferences and health awareness. From
plant-based alternatives to personalized formulations and innovative product
categories, collagen supplements are diversifying to meet the demands of a
dynamic market. As these trends gain momentum, both consumers and industry
stakeholders can look forward to a more vibrant and sophisticated collagen
supplements landscape,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Collagen
Supplements Market By Form (Pills & Gummies, Powder,
Liquid/Drinks), By Distribution Channel (Pharmacy, Online Store, Specialty
Store), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated
the future growth potential of Global Collagen Supplements Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Collagen Supplements Market.
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