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The collagen supplement market size is estimated to grow at a CAGR of 6.84% between 2022 and 2027. The market size is forecast to increase by USD 873.92 million. The growth of the market depends on several factors, including the increasing adoption of collagen supplements to improve joint conditions and support bone health, the increasing prevalence of digestive problems, and the health benefits of collagen supplements.
This collagen supplement 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.
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The health benefits of collagen supplements are notably driving the market growth, although factors such as the low penetration of collagen supplements in developing regions may impede the market growth. 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.
The health benefits of collagen supplements are notably driving the collagen supplement market growth. Collagen supplements have significant health benefits. They inhibit the growth of harmful bacteria within the digestive tract, which improves nutrient absorption and bowel movement. Collagen supplement 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.
Collagen supplements help 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 collagen supplements, stimulating market growth during the forecast period.
Rising applications of collagen in the cosmetic and personal care industry is the primary trend shaping the global collagen supplement 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.
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 collagen supplements market is expected to grow during the forecast period.
The low penetration of collagen supplements in developing regions may impede the growth of the collagen supplement market growth. In developed countries, the demand for collagen supplements is significant due to the known health benefits of collagen supplements. However, in developing and underdeveloped, the penetration of collagen supplements is relatively low due to low affordability and awareness.
Current cheap collagen supplements 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 collagen supplements market during the forecast period.
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.
Global Collagen Supplement Market Customer Landscape
Vendors 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 vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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 1,093.23 million 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 collagen supplements are available in online channels at lower prices than in traditional retail formats. Many international and national suppliers sell collagen supplements 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 collagen supplements through this channel.
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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, including collagen supplements. 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 vendors in the US, Canada, and Mexico and the high revenue generated by these vendors. Market suppliers offer halal, kosher, non-GMO, generally recognized as safe (GRAS), bovine spongiform encephalopathy (BSE) free and certifications for their collagen supplements to meet consumer demands. Increasing incidence of animal diseases and concerns about the risks of disease transmission are restraining the growth of the regional collagen supplements market.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In the first quarter of 2020, the regional collagen supplement market was badly affected by the COVID-19 pandemic. The governments of the United States, Canada, and Mexico have imposed nationwide restrictions to prevent the spread of the disease. This led to the closure of retail stores in the area, such as grocery stores, supermarkets, hypermarkets, and pharmacies. In addition, regional market suppliers faced supply chain disruptions due to the closure of production facilities and warehouses, as well as labor and raw materials. However, the demand for collagen supplements in the region has returned to normal as retail stores such as grocery stores, convenience stores, supermarkets, and hypermarkets have reopened in the region. Besides, the increase in consumer awareness and the adoption of healthier lifestyles has sparked interest in nutritional supplements. These factors will drive the growth of the regional collagen supplements market during the forecast period.
The collagen supplement market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global collagen supplement market as a part of the global pharmaceuticals market within the overall healthcare industry. The parent global pharmaceuticals market covers products and companies engaged in the R&D or production of generic drugs, non-generic drugs, and veterinary drugs. Technavio calculates the global healthcare market size based on the combined revenue generated by manufacturers/providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Collagen Supplement 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 Vendors, Market Positioning of Vendors, 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 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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