IMARC Group, a leading market research company, has recently releases report titled “Collagen Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The global collagen supplement market size reached US$ 2.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.39% during 2024-2032.
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Factors Affecting Collagen Supplement Industry Growth:
Increasing Awareness and Demand:
There has been a growing awareness among consumers about the benefits of collagen supplements for skin health, joint health, and overall well-being. This increased awareness has led to a surge in demand for collagen supplements, driving market growth. It also promotes heart health by reducing artery stiffness and low-density lipoprotein (LDL) cholesterol levels. It contributes to increased muscle mass, particularly when combined with regular exercise.
Aging Population:
A collagen supplement is a product designed to boost the production of collagen in the body and plays a crucial role in maintaining skin elasticity, hair strength, bone density, and joint functionality. It comprises processed animal proteins, which aid in joint and bone health, potentially reducing osteoarthritis symptoms and boosting bone density. It is available in the form of capsules, tablets, powders, and liquid shots, which are convenient for on-the-go consumption. With a globally aging population, there is a higher prevalence of age-related conditions such as joint pain, osteoarthritis, and skin aging. Collagen supplements are often sought after as a natural solution to address these issues, leading to an expanding consumer base and market growth.
Innovation and Product Development:
Companies in the collagen supplement market are continuously innovating and developing new formulations and delivery methods to cater to diverse consumer needs and preferences. This includes the development of flavored powders, ready-to-drink beverages, and alternative sources of collagen such as marine collagen. Such innovations drive market growth by expanding product offerings and attracting new consumers.
Leading Companies Operating in the Global Collagen Supplement Industry:
- Absolute Collagen
- BioTech USA Ltd.
- Codeage LLC
- Further Inc.
- Hunter and Gather Foods
- Nestlé S.A.
- Nutraformis Limited
- Optimum Nutrition (Glanbia Performance Nutrition India Pvt. Ltd)
- Proto-col
- Revive Collagen
- Shiseido Company Limited
- TCI Co. Ltd.
- The Clorox Company.
Collagen Supplement Market segmentation:
Breakup by Source:
- Marine and Poultry
- Porcine
- Bovine
Breakup by Product:
- Gelatin Collagen Supplements
- Hydrolyzed Collagen Supplements
- Native Collagen Supplements
Breakup by Form:
- Pills and Gummies
- Powder
- Liquid/Drinks
Breakup by Sales Channel:
- Pharmacy
- Specialty Store
- Online Store
Breakup by Application:
- Nutraceuticals
- Cosmetics
- Healthcare
- Food
- Others
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Collagen Supplement Market Trends:
At present, the rising health consciousness among the masses to prevent the occurrence of various chronic disorders, including osteoarthritis, diabetes, obesity, and cardiovascular complications, represents one of the crucial factors impelling the market growth. Besides this, the rising number of e-commerce brands selling collagen supplements online and adopting effective marketing strategies to connect with their targeted customers is supporting the growth of the market. In addition, the growing awareness about the potential benefits of consuming collagen supplements is offering a favorable market outlook. Apart from this, the increasing availability of collagen supplements in various flavors is contributing to the growth of the market.
Other Key Points Covered in the Report:
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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