Collagen Supplement Market by Distribution Channel, Source, and Geography - Forecast and Analysis 2023-2027

 Collagen Supplement Market Size 2023-2027

The collagen supplement market size is forecast to increase by USD 873.92 million, at a CAGR of 6.84% between 2022 and 2027.  Market expansion is driven by various factors, notably the rising adoption of collagen supplements to enhance joint conditions and bolster bone health. Simultaneously, the growing prevalence of digestive issues contributes significantly to market growth. Moreover, the recognized health benefits associated with it further propel their demand in the market. These supplements offer a holistic approach to wellness, addressing a range of health concerns related to joints, bones, and digestion. As consumers become more health-conscious and seek natural remedies, the popularity of this medicines continues to soar, creating a robust market landscape focused on promoting overall well-being through targeted nutritional interventions.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by distribution channel (online and offline), source (bovine, porcine, and marine and poultry), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

The Market is propelled by increasing nutritional value knowledge and rising healthcare expenditures focused on immune health supplements. Historical analysis underscores the significance of collagen in addressing joint conditions, skin beauty, and bone health, combating premature aging. Challenges include meeting import demand and catering to diverse age groups and economic levels. Trends reveal a growing consumer awareness driving the market towards environmentally friendly products and a focus on health and wellness. The market's success hinges on maintaining its reputation and collaboration with food innovators to enhance productivity and address industry share challenges. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The health benefits of collagen supplements are notably driving the market growth. They have significant health benefits. They inhibit the growth of harmful bacteria within the digestive tract, which improves nutrient absorption and bowel movement. It increases the amount of collagen in women and prevents the loss of skin elasticity. The use of collagen supplements increases skin moisture, elasticity, softness, and density. 

Moreover, it helps strengthen the immune system, which acts as a barrier against bacteria and prevents the growth of harmful intestinal bacteria. Probiotics promote the production of natural antibodies and immune cells, and natural killer cells against intestinal bacteria. Such cumulative health benefits will increase the demand for these medicines, stimulating market growth during the forecast period.

Significant Market Trends

Rising applications of collagen in the cosmetic and personal care industry is the primary trend shaping the global market growth. Collagen has attracted considerable academic interest as well as the attention of the cosmetic industry due to its interesting properties, which include being a natural skin moisturizer. Collagen is a key ingredient in many cosmetic products because it is a natural moisturizer. The cosmetic industry is constantly looking for innovative and effective products, which makes the source of collagen an important issue. Collagen is one of the most important ingredients in cosmetic products due to its moisturizing, regenerative, and film-forming properties.

Moreover, collagen is undoubtedly used in effective rejuvenation treatments for the aging population, as skin aging is a process that has a very direct impact on a person's daily life and psychological and social well-being. A more youthful appearance probably has a positive effect on the whole body and would help maintain the right position in society. Thus, the global market is expected to grow during the forecast period.

Major Market Challenge

The low penetration of collagen supplements in developing regions may impede the growth of the market growth. In developed countries, the demand for collagen supplements is significant due to the known health benefits of these medicines. However, in developing and underdeveloped, the penetration of it is relatively low due to low affordability and awareness.

In addition, current cheap medicines in developing countries are also of low quality as manufacturers try to reduce production costs. People in such countries do not want to buy these products because they are not considered essential products. Product visibility and availability are also significantly weak due to poor distribution channels and low internet penetration. Low internet penetration limits awareness and access to these products. This is, therefore, a challenging factor for the growth of the market during the forecast period.

Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Codeage LLC: The company offers collagen supplements such as multi collagen Capsules, a multi-source collagen supplement for promoting skin, hair, and nail health.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Ancient Nutrition
• ConnOils LLC
• Darling Ingredients Inc.
• Glanbia plc
• Hunter and Gather Foods Ltd.
• Koninklijke DSM NV
• Life Extension Foundation Buyers Club Inc.
• Nestle SA
• Nitta Gelatin Inc.
• PROTEIN SA
• Proto col
• Rejuvenated Ltd.
• Revive Collagen
• Shiseido Co. Ltd.
• The Carlyle Group Inc.
• The Clorox Co.
• Titan Biotech Ltd.
• ZENii Ltd.
• Absolute collagen

Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market is driven by a growing consumer awareness of nutritional value and the importance of maintaining overall health and wellness. Rising healthcare expenditures have fueled demand for immune health supplements like collagen, especially among the middle-class population. These supplements are pivotal in addressing various health issues, including rheumatoid arthritis, inflammatory bone diseases, and general arthritis symptoms. A key aspect of collagen supplements is their impact on bone health, aiding in bone remodeling and reducing the effects of premature aging. They are also crucial for maintaining skin beauty and promoting joint conditions. They cater to a wide age group and economic level, ensuring accessibility across different demographics.

The market share growth by the online segment will be significant during the forecast period. The growth of global e-commerce has allowed suppliers to earn more profits. Online and e-commerce channels support both business-to-business (B2B) and business-to-business (B2C) activities. E-commerce has become an emerging trend for almost all types of retail services.

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The online segment was valued at USD 1.09 billion in 2017 and continued to grow until 2021. Nowadays, people don't have time to shop at physical retail stores because of their busy schedules. Hence, they prefer to shop online rather than visit a physical store for convenience. Often, the prices offered to customers in e-commerce platforms are lower compared to physical stores, because the overhead costs of products sold through e-commerce are reduced. As a result, even they are available in online channels at lower prices than in traditional retail formats. Many international and national suppliers sell it through e-retail sites that help promote and enhance their brands. The average money spent online per transaction and the number of online transactions is increasing worldwide. The growth of the online shopping channel is aided by the increase in the number of internet users and the buy-it-now trend. The growing number of online shoppers around the world is increasing the sales of these medicines through this channel.

Which are the Key Regions for the Market?

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing number of health-conscious consumers in the region has led to a demand for nutritional products. A large part of the population of the region has become health conscious and is influenced by the healthy food culture. These factors have led to the demand for dietary supplements, including collagen supplements.  

Other factors driving the growth of the regional market include the presence of prominent companies in the US, Canada, and Mexico and the high revenue generated by these companies. Market suppliers offer halal, kosher, non-GMO, generally recognized as safe (GRAS), bovine spongiform encephalopathy (BSE) free and certifications for their medicines to meet consumer demands. Increasing incidence of animal diseases and concerns about the risks of disease transmission are restraining the growth of the regional market.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.

• Distribution Channel Outlook
  • Online
  • Offline

• Source Outlook 
  • Bovine
  • Porcine
  • Marine and poultry

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of World
    • Australia
    • Argentina
    • Rest of the world

Market Analyst Overview

The Market experiences robust growth driven by several key factors. Import demand for these supplements has surged, fueled by the increasing knowledge of nutritional value among consumers, especially the middle-class population. These supplements are particularly sought after due to their potential benefits in addressing various health concerns, including rheumatoid arthritis, inflammatory bone diseases, and arthritis. The market caters to a wide age group and economic level, offering solutions for maintaining joint health, supporting tendons, muscles, ligaments, and overall organ health. Additionally, the flavor and format are recognized for promoting skin beauty, bone remodeling, and combating premature aging, leading to reduced healthcare costs in the long run.

Efforts by enterprises, retail establishments, and wholesalers to enhance efficiency and implement safety protocols have increased market accessibility. The rise of internet delivery and specialty stores further expands consumer reach, fostering environmentally friendly practices and catering to growing consumer awareness. it, often available in various delivery forms like flavored gummies and incorporating native fruits, have gained a strong reputation among food innovators and health-conscious individuals. Supported by scientific evidence and a diverse product line, including collagen peptides and hyaluronic acid, the market continues to thrive through product innovation and a focus on health and wellness. Leading brands like Proto-col offer a clinical range of collagen supplements, contributing to the market's industry share and driving healthcare and personal care expenditures towards healthier products.

Market Scope
Report Coverage	Details
Page number	156
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.84%
Market growth 2023-2027	USD 873.92 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.05
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 38%
Key countries	US, Germany, UK, China, and India
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ancient Nutrition, Codeage LLC, ConnOils LLC, Darling Ingredients Inc., Glanbia plc, Hunter and Gather Foods Ltd., Koninklijke DSM NV, Life Extension Foundation Buyers Club Inc., Nestle SA, Nitta Gelatin Inc., PROTEIN SA, Proto col, Rejuvenated Ltd., Revive Collagen, Shiseido Co. Ltd., The Carlyle Group Inc., The Clorox Co., Titan Biotech Ltd., ZENii Ltd., and Absolute collagen
Market dynamics	Parent market analysis, Market forecasting, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America, Europe, Asia, and Rest of World (ROW)
• Thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market forecast analysis of factors that will challenge the growth of market companies

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