Collagen Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global collagen supplement market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Collagen supplements are used to add more collagen to the diet for preventing collagen deficiency. They comprise amino acids, proteins, vitamin C, biotin, and zinc that are available in the form of tablets, capsules, and powders. They help reduce the effects of aging by adding moisture to the skin, reducing wrinkles, and improving elasticity. They assist in restoring or preventing the deterioration of the cartilage in joints. They also aid in increasing muscle mass and preventing bone loss. Apart from this, they offer several benefits, such as maintaining a healthy gut, enhancing a healthy weight, reducing anxiety, and promoting healthy nail and hair growth.
Collagen Supplement Market Trends:
At present, the growing prevalence of various diseases, such as arthritis, inflammatory bone diseases, and rheumatoid arthritis, across the globe represents one of the key factors driving the market. Besides this, the rising awareness among the masses about the benefits of collagen supplements to prevent collagen deficiency in the body is contributing to the growth of the market. In addition, the increasing consumption of collagen supplements to enhance the growth of hair, skin, nails, bones, tendons, muscles, ligaments, joints, and other organs is positively influencing the market. Moreover, the wide availability of collagen supplements through online and offline distribution channels is offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the adoption of veganism to reduce animal slaughter around the world. This, along with the growing utilization of collagen supplements in the food and beverage (F&B) industry, is offering a positive market outlook. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce bovine-sourced supplements that are used for treating ortho diseases, such as osteoporosis and scoliosis, which is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global collagen supplement market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, product, form, sales channel and application.
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
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and The Clorox Company.
Key Questions Answered in This Report
1. What was the size of the global collagen supplement market in 2022?
2. What is the expected growth rate of the global collagen supplement market during 2023-2028?
3. What are the key factors driving the global collagen supplement market?
4. What has been the impact of COVID-19 on the global collagen supplement market?
5. What is the breakup of the global collagen supplement market based on the source?
6. What is the breakup of the global collagen supplement market based on the product?
7. What is the breakup of the global collagen supplement market based on the form?
8. What is the breakup of the global collagen supplement market based on the sales channel?
9. What is the breakup of the global collagen supplement market based on the application?
10. What are the key regions in the global collagen supplement market?
11. Who are the key players/companies in the global collagen supplement market?