Collagen Supplement Market Size, By Source (Bovine, Marine, Porcine, Others), By Form (Pills & Gummies, Drink/ Liquid, Powder), By Distribution Channel (Pharmacy, Online Stores, Specialty Stores), By Application (Nutraceuticals, Cosmetics, Healthcare, Foo

Collagen Supplement Market Size, By Source (Bovine, Marine, Porcine, Others), By Form (Pills & Gummies, Drink/ Liquid, Powder), By Distribution Channel (Pharmacy, Online Stores, Specialty Stores), By Application (Nutraceuticals, Cosmetics, Healthcare, Food), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2030

The collagen supplement market is estimated to depict substantial gains by 2030 owing to rising demand for dietary supplements. In addition, increased penetration of collagen supplements, along with growing health and beauty consciousness among people, is likely to further augment market growth over the forecast period.

During the COVID-19 pandemic, the industry witnessed a significant rise in demand due to growing awareness r the various benefits provided by these supplements. A major factor for their popularity is the emerging skin and health trends on social media.

Influencers and health advisors are widely recommending the use of collagen, which has bolstered product demand. Additionally, key participants in the industry have been introducing innovative products to cater to customer needs and have been engaging in expanding their consumer base through organic and inorganic strategies.

For instance, in November 2021, The Bountiful Company, a dietary supplement firm, introduced Nature’s Bounty Optimal Solutions, a new jellybeans product range with Solgar Collagen Hyaluronic Acid Complex type 2 peptides for skin nourishment.

The collagen supplement market has been divided in terms of source, form, distribution channel, application, and region.

From the source perspective, the collagen supplements industry has been bifurcated into bovine, marine, porcine, and others. The others segment is set to reach a valuation of above $130 million by 2030 owing to rising utilization of ovine- and poultry-based collagen supplements in medicinal applications. Moreover, poultry collagen has been proven effective in treating joint pains associated with many types of arthritis and surgery, thereby propelling the use of these supplements.

Based on form, the collagen supplement market has been divided into pills & gummies, powder, and drinks/liquid. The liquid/drinks segment is poised to progress at a CAGR of more than 7.4% to exceed a valuation of $79 million by the end of 2030. Liquid collagen contains proteins diluted in the form of liquid, such as purified water, which is the easiest form in the context of product intake.

With regards to distribution channel, the market has been segregated into pharmacy, online stores, specialty stores, and others. The others segment, which includes independent shops and more, is anticipated to account for around $130 million in revenue by 2030 attributed to mounting demand for collagen supplements. However, segmental growth is foreseen to be hampered by the ease of purchasing from other channels.

In terms of application, the collagen supplement market has been segregated into nutraceuticals, cosmetics, healthcare, food, and others. The cosmetics segment held approximately 11.4% market share in 2021 and is estimated to depict a CAGR of roughly 6.7% through 2030. The growth is attributed to prevalent use of collagen supplements in cosmetic products, such as for skin care, hair care, and so on, to improve the protein content in tissues and increase the elasticity of the skin.

In the regional context, the Middle East & Africa collagen supplement market is set to account for over $97 million valuation by 2030 owing to the booming cosmetics industry within the MEA region, which is primed to accelerate the penetration of collagen supplements.