Collagen Supplements Market Forecasts to 2030 – Global Analysis By Form (Liquid/Drinks, Powder and Capsules and Gummies), Source, Distribution Channel and By Geography

Collagen Supplements Market Forecasts to 2030 – Global Analysis By Form (Liquid/Drinks, Powder and Capsules and Gummies), Source, Distribution Channel and By Geography

According to Stratistics MRC, the Global Collagen Supplements Market is accounted for $2.39 billion in 2023 and is expected to reach $4.56 billion by 2030 growing at a CAGR of 9.7% during the forecast period. The manufacturing, sale, and distribution of dietary supplements containing collagen fall under the authority of the global industry known as the Collagen Supplements Market. In the body, collagen is a protein that is particularly prevalent in the skin, bones, joints, and connective tissues. In order to support numerous health and wellness benefits, collagen supplements are intended to supply the body with more collagen, frequently in the form of tablets, capsules, powders, or liquids.

According to the UN population data, Europe is home to the largest aging population in the world, where one in four Europeans are aged 60 and over.

Market Dynamics

Driver

Increasing health and wellness awareness

Consumers are becoming more and more conscious of the significance of maintaining overall health and well-being. Supplemental collagen is well known for its possible advantages in promoting healthy aging, skin elasticity, and joint health. Moreover, the demand for collagen supplements is driven by the growing emphasis on preventative healthcare and the desire for a youthful appearance.

Restraint

Alternative sources available

Animal, marine, and plant-based sources of collagen can all be used to make it. Alternative collagen sources, like those generated from plants or synthetic materials, may put an end to the popularity of collagen supplements made from animals. However, the market for collagen supplements made from animal sources may be impacted by consumer preferences for sustainable or plant-based alternatives.

Opportunity

Technology advancements

Technology advancements can improve the collagen extraction, purification, and formulation processes to produce higher-quality collagen products. The bioavailability and efficacy of collagen supplements can also be increased by cutting-edge delivery methods like nanoencapsulation or controlled-release mechanisms. Additionally, supply chain management, individualized product offerings, and more efficient manufacturing are made possible by automation and digital platforms. In addition, scientific progress in clinical trials and research can offer an improved understanding of collagen's benefits, assisting businesses in developing solutions with proven efficacy.

Threat

Regulatory barriers and insufficient clinical trials

The market for collagen supplements is subject to a number of legal restrictions and standards, which can change between different geographical areas. Manufacturers may find it difficult to comply with these laws' rules for labeling and health claims, which could have an impact on how collagen supplements are marketed and supplied. However, while there is anecdotal evidence and feedback from consumers confirming the advantages of collagen supplements, more thorough scientific research is still required to demonstrate their efficacy. The increased acceptance and use of collagen supplements may be constrained by the absence of thorough clinical trials and standardized research procedures.

Covid-19 Impact

Due to lockdown procedures, travel restrictions, and limited manufacturing capabilities, the collagen supplements sector, like many other industries, experienced interruptions in worldwide supply chains. Delays in collagen supplement manufacture, distribution, and availability had an adverse effect on the market's expansion during the pandemic. Several individuals are experiencing less disposable income due to the COVID-19 pandemic, economic instability, and job losses. Some consumers have scaled back on indulgences like dietary supplements as a result of this financial burden. Sales of collagen supplements have been negatively impacted by the fall in consumer purchasing power.

The grocery retail stores segment is expected to be the largest during the forecast period

Grocery Retail Stores segment is expected to hold the largest share. Supermarkets, hypermarkets, and grocery chains are instances of grocery stores with a significant consumer base. Numerous types of clientele, including families, general consumers, and those who are health-conscious, are catered to by these businesses. Grocery stores provide a huge consumer base with easy access to these products by carrying collagen supplements.

The powder segment is expected to have the highest CAGR during the forecast period

Powder segment is expected to have the highest CAGR during the forecast period. Consumers might benefit from the ease and adaptability of collagen powder supplements. Smoothies, coffee, tea, yogurt, and baked goods are only a few instances of the many food and beverage alternatives that may be easily blended and mixed with the powder form. Additionally, customers who prefer taking collagen supplements into their daily routine without changing their current eating habits are attracted to this flexibility.

Region with largest share

Due to a substantial, rapidly expanding population, the Asia-Pacific region is anticipated to hold the largest share of the collagen supplement market. Additionally, in nations like China, India, Japan, and South Korea, increased disposable incomes, urbanization, and shifting lifestyles have all contributed to an increase in demand for health and wellness products, including collagen supplements.

Region with highest CAGR

Asia Pacific is projected to witness lucrative growth over the forecast period, due to their supposed advantages in fostering youthful skin, enhancing skin elasticity, and decreasing evidence of aging, collagen supplements are highly sought after in this market. Additionally, the Asia-Pacific area is a large market for these products because customers' desire for healthy, radiant skin fuels the demand for collagen supplements.

Key players in the market

Some of the key players in Collagen Supplements Market include On-Group Ltd , Zenii Limited, Better Health AB, Rejuvenated Ltd , Nutraformis Limited , Absolute Collagen, Revive Collagen, The Clorox Company, Nestle SA and Shiseido Co. Limited.

Key Developments

In August 2022, The Shiseido Beauty Innovations Fund, established by Shiseido Co, Limited, a cosmetic company, announced an investment in Trautec as a lead investor in order to boost its R&D programs and develop novel products.

In March 2022, Pura Collagen, a collagen manufacturer, introduced its new Protect, a collagen powder with ginger and orange flavors that can be easily dissolvable and collagen-rich tissues.

Forms Covered
• Liquid/Drinks
• Powder
• Capsules and Gummies

Sources Covered
• Marine-based
• Animal-based

Distribution Channels Covered
• Specialty Store
• Online Store
• Pharmacies/Drug Stores
• Grocery Retail Stores
• Other Distribution Channels

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements