Global Collagen Supplements Market Size, Segments, Outlook, and Revenue Forecasts, 2017-2021 & 2022-2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Collagen Supplements Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Source, Form, Distribution Channel, End-User, and Region" report has been added to ResearchAndMarkets.com's offering.

Global Collagen Supplements Market was valued at ~US$ 900 million in 2017. It is estimated to be ~US$ 1,300 million in 2022 and is forecasted to reach a market size of ~US$ 2,000 million, growing at a CAGR of ~8% owing to the rising demand for collagen peptides in nutraceuticals and food & beverage industries.

Growth in the healthcare sector is expected to drive the overall collagen supplement market. Furthermore, a growing geriatric population, rising standards of living, and increasing health awareness are other factors driving the growth of collagen-based products worldwide.

Collagen supplements help in treating ailments such as joint pain, rheumatoid arthritis, and other provocative bone illnesses, which drives the demand for products.

The major challenge faced by the market is the consumer inclination towards veganism. The majority of the supplements involve animal cruelty, mainly because of the extraction of substances from animal bodies. People are shifting towards more environment-friendly natural supplements, such as vitamin C, vitamin D, vitamin E, and more. However, companies are pursuing positive approaches to introduce new products that are cruelty-free, thereby conquering this hurdle.

The COVID-19 pandemic had a positive impact on the overall market growth due to mounting social media awareness about collagen products. Many influencers and doctors have used social media platforms to promote the use of supplement products such as powders, liquids, and gummies.

Growing awareness of health and beauty during lockdown and recent trends, especially among young adults, has caused the preference curve for collagen peptides to rise. Growing awareness of the benefits of collagen supplements is observed worldwide, that has spurred the development of the overall industry.

Competitive Landscape

The Global Collagen Supplements Market is highly competitive with ~125 players, including globally diversified players, regional players, and many country-niche players. Most of the country-niche players are the manufacturers of raw materials for collagen supplements used in various end-user industries.

Regional players constitute ~35% of the total number of competitors, while country-niche players dominate representing ~45% of total competitors. Some of the major players in the market include Codeage LLC, Everest NeoCell LLC, Hunter and Gather Foods, Nestle, NUTRAFORMIS, Optimum Nutrition, Inc, Shiseido Company, Limited, TCI CO., LTD, THE BOUNTIFUL COMPANY, The Clorox Company, among others.

Conclusion

The Global Collagen Supplements Market witnessed positive impact due to COVID-19 as the demand for collagen supplements kept on increasing during and after the pandemic.

Most collagen supplements are sold in the form of gummies as there is a number of flavor options available in gummies that attract the interest of consumers. Pharmacies are the most popular source of distribution channels through which supplements are sold. However, online channels are also gaining popularity as the prices are much lower.

Nutraceuticals is the largest industry for the collagen supplements market that faced a massive incline worldwide during the pandemic period. The market is primarily driven by the increasing usage of collagen supplements in cosmetics, healthcare, food & beverages, and other industries.

Recent Developments Related to Major Players and Organizations

• In May 2022, a USA based natural health and nutrition supplement manufacturing company, MD Logic Health, launched marine collagen with a special blend of co-factors including vitamins A, C, zinc, copper, and biotin. The product is committed to all types of tests and assurance standards
• In January 2021, Darling Ingredients launched Peptan, a marine collagen peptide under its brand name, Rousselot. The new product helped the company enter the nutricosmetics and dietary supplements market

Key Topics Covered in the Report

• Snapshot of Global Collagen Supplements Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Collagen Supplements Market
• Historic Growth of Overall Global Collagen Supplements Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter's 5 Forces Analysis of Global Collagen Supplements Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Collagen Supplements Market
• Future Market Forecast and Growth Rates of the Total Global Collagen Supplements Market and Segments
• Market Size of End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Collagen Supplements Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Codeage LLC
• Everest NeoCell LLC
• Hunter and Gather Foods
• Nestle
• NUTRAFORMIS
• Optimum Nutrition, Inc
• Shiseido Company, Limited
• TCI CO., LTD
• THE BOUNTIFUL COMPANY
• The Clorox Company
• Lapi Gelatine S.p.a
• Jellatech
• GreenPharm Private Label
• GELITA AG

Scope of the Report

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

Source

• Bovine
• Marine & Poultry
• Porcine
• Others

Form

• Powder
• Capsules
• Gummies
• Liquid
• Others

Distribution Channel

• Hypermarkets/Supermarkets
• Pharmacies
• Online Retail Stores
• Specialty Stores
• Others

End-User

• Nutraceuticals
• Healthcare
• Cosmetics
• Food & Beverages
• Meat & Poultry

By Region

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, Africa)

For more information about this report visit https://www.researchandmarkets.com/r/sy9wdo

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