Collagen Supplement

Collagen Supplement

Collagen is a protein that is found in the body and is important for maintaining the structure and strength of connective tissues, such as skin, tendons, and ligaments. It is also a popular supplement that is used to promote healthy skin, joints, and bones. The market has experienced significant growth due to several key factors. Increasing consumer awareness of health and wellness, the aging population seeking anti-aging solutions, and the rising prevalence of joint disorders are driving the demand for collagen supplements. Additionally, continuous product innovation, increasing disposable income, and the acceptance of supplements as part of daily wellness routines also play significant roles in driving the growth of the collagen supplement market. For instance, in June 2020, Settle Wellbeing Science obtained a larger part stake in Essential Proteins, a main collagen brand and a way of life and health stage offering enhancements, refreshments, and food items.

The collagen supplement market is expected to grow at a steady rate of around 8.2% owing to asing consumer awareness about the importance of maintaining overall health and wellness is driving the demand for collagen supplements. Collagen is recognized for its role in promoting skin health, joint support, and overall vitality, leading to its popularity among health-conscious individuals. Moreover, the global demographic shift towards an aging population is a key driver for the collagen supplement market. With advancing age, the body's natural collagen production decreases, resulting in various age-related conditions. Collagen supplements offer a convenient and effective way to replenish collagen levels and support healthy aging.

• Based on form, the market is segmented into pills & gummies, powder, drinks, and others. The powder category is to witness higher CAGR during the forecast period owing to the convenience and ease of consumption, making them popular among consumers seeking a hassle-free way to incorporate collagen into their daily routine. Also, Collagen powder can be easily mixed into various beverages, smoothies, or food, allowing consumers to personalize their collagen intake and incorporate it into their preferred recipes. The availability of flavored powders adds to the market attractiveness by offering enjoyable consumption experiences. These convenient and customizable formats drive the growth of the collagen supplement market by catering to diverse consumer preferences and lifestyles. For instance, on 25 May 2022, Vital Proteins LLC., a U.S.-based collagen powder manufacturing company launched protein and collagen bars in its product portfolio.
• On the basis of distribution channel, the market is categorized into pharmacy, online store, and specialty store. Among these, the online store held a significant share of the market in 2022. This is mainly due to online retail channels offering several advantages, including a wider product selection, competitive pricing, and convenience. Consumers can compare different brands, read reviews, and make informed decisions before purchasing collagen supplements. The ability to deliver products directly to consumers' doorsteps, combined with secure payment options and personalized recommendations, contributes to the market growth of collagen supplements through online stores.
• For a better understanding of the market adoption of the collagen supplement industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing middle-class population, rising disposable incomes, and increasing health consciousness among consumers. In countries like China and Japan, where traditional beauty and health practices have deep roots, there is a cultural inclination towards consuming collagen-rich foods and supplements for skin health and anti-aging purposes. Further, the growth of the beauty & wellness industry in Asia Pacific countries, especially in South Korea and Japan, is driving the demand for collagen across the region. For instance, in August 2019, Advanced Protein Technology, under the Nutra Collagen brand, launched a new line of instantized collagen products called Collagen+.
• Some of the major players operating in the market include Optimum Nutrition; Renew Life Formulas, LLC.; Nature's Bounty; Codeage LLC; The Clorox Company; Shiseido Company, Limited; Hunter and Gather Foods; Vital Proteins LLC; TCI CO., LTD.; BioTech USA Kft