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COLLAGEN SUPPLEMENTS MARKET ANALYSIS

Collagen Supplements Market, By Form (Pills & Gummies, Powder, and Liquid/Drinks), By Distribution Channel (Pharmacy, Specialty Store, and Online Store), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jul 2024
  • Code : CMI5131
  • Pages :159
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Collagen Supplements Market Size and Trends

The collagen supplements market is estimated to be valued at USD 2.34 Bn in 2024 and is expected to reach USD 3.40 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Collagen Supplements Market Key Factors

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The collagen supplements market is expected to witness positive growth over the forecast period. Collagen supplements aid in improving skin and joint health, which has increased their overall demand. Rising health consciousness and the growing geriatric population have further driven the consumption of collagen-based supplements. Moreover, the increasing adoption of collagen in various application industries, such as food & beverage, cosmetics & personal care, is expected to boost the market growth during the forecast period. Players are investing heavily in product innovations such as collagen gummies and convenient packaging which are gaining traction among millennials and working professionals. However, stringent regulations on the branding and marketing of supplements and availability of alternative proteins may hamper the market growth during the analysis period.

Rising popularity of health and wellness trends

The global demand for collagen supplements is being driven by widespread awareness of the various health benefits of collagen peptides and growing popularity of wellness trends. Collagen supplements are gaining traction among consumers who are actively looking to improve joint health, skin elasticity and gut health through daily dietary changes. Rising disposable incomes particularly in developing regions of Asia Pacific and Latin America have empowered consumers to invest in premium health and beauty products. This growing health consciousness is a key driver as consumers increasingly recognize collagen as an important ingredient for overall wellness and preventive healthcare.

Furthermore, lifestyle changes such as growing deskbound work culture and greater time spent sitting have increased risk of joint problems and back pain. Collagen supplements are being seen as a convenient option to support joint and bone health through daily consumption. The supplement is also finding favor among athletes and body builders aiming for faster muscle and tissue recovery. Various social media influencers highlighting the anti-aging benefits of collagen have further boosted its popularity among the mass segment. Brands are actively leveraging these trends by positioning collagen under the umbrella of wellness and launching new product categories such as gummies and ready-to-drink formats for on-the-go consumers. The functional foods revolution is aiding the expansion of collagen in different food and beverage products as well.

Collagen Supplements Market Concentration By players

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Increasing prominence of beauty from within approach

The collagen supplements market is witnessing compelling growth opportunities resulting from evolving beauty perceptions. There is a marked shift in focus towards internal nourishment and long term results rather than quick fixes. This is benefitting collagen peptide suppliers who are able to capitalize on the widespread recognition of collagen's efficacy in supporting youthful appearance from within. Consumers today place higher emphasis on natural products that promote skin hydration and elasticity through dietary routes rather than highly synthetic cosmetic creams and serums. Collagen supplements are perfectly positioned to tap into this trend, being derived from natural sources like bovine, marine, and plant variants.

Manufacturers have been actively promoting collagen peptides for their anti-aging properties through indicators such as reduced wrinkles, improved skin tone, and texture. Successful formulas with multi-collagen sources are inspiring consumer confidence in collagen as a mainstream nutricosmetic ingredient. Leading brands strategically highlight scientific research proving absorption of collagen peptides in the body and their skin remodeling benefits. This underlying credibility boosts the supplements' popularity compared to other replenishing cosmetics.

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