Global Collagen Supplements Market Study: Pork Sourcing Remains Most Popular. Powdered collagen supplements are popular and are expected to hold the highest market share. Collagen supplements used in nutritional products have the highest market share with over a quarter.
DUBAI, United Arab Emirates, November 17, 2022 (GLOBE NEWSWIRE) — The global Collagen Supplements Market is projected to offer opulent growth opportunities over the projection period by exhibiting a CAGR of 6.4% during the projection period of 2022 to 2032. Accordingly, the global market is expected to grow from USD 1.5 billion in 2022 to USD 2.8 billion in 2032 zu Future Market Insights. The growth of the market is attributed to increasing consumer awareness of various health benefits associated with collagen supplements including muscle, joint and bone health, as well as the fact that it is a cost effective option which has led to the Consumers have been opting for collagen supplements at a faster rate.
Amid the Covid-19 pandemic, several regions have been adversely affected. The imposition of lockdowns in key countries has severely disrupted their supply chains. The pandemic further impacted the market by temporarily closing shops and other retail outlets. In addition, farm workers and logistics service providers also suffered severe consequences.
Although all industries have been hardest hit by the pandemic, this pandemic has allowed wholesalers and exporters to find new and creative ways to increase productivity and improve safety protocols. The growing preference for collagen supplements is attributed to the efficient management of medical expenses. Due to these factors mentioned above, the global collagen supplements market has developed significantly and has grown at a significant growth rate of around 5.2% in the past.
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A growing middle-class population along with an increasing import demand for collagen has been facilitated by the emergence of nutritional awareness. It is believed to have given a significant boost to the collagen supplement market. Various consumers are quickly taking up collagen supplements to keep themselves healthy and prevent diseases such as inflammatory bone disease, arthritis and rheumatoid arthritis. In addition, income level and age group play important roles in collagen supplement purchase decisions.
The introduction of new distribution channels, scientific evidence to back up the claims, and increasing consumer awareness are expected to boost sales of collagen supplements. According to United Nations population data, Europe has the world’s largest aging population, with one in four people in Europe aged 60 and over. Germany, Italy, France, Spain, Denmark and other large European countries have the highest proportion of an aging population.
The central theses
The collagen supplements market is expected to be driven by an increasing preference for dietary supplements that help reduce medical costs. As per the assumptions, it was predicted that increased consumer awareness and the development of new dosage forms would boost sales of collagen supplements in the years to come. Furthermore, the scientific evidence supporting the company’s claims is expected to be introduced, which will further boost sales of collagen supplements over the forecast period.
Pharmacy is known as the most sustainable distribution channel type for all types of collagen supplements which further leads to increasing customer demand for collagen supplements in the market. In addition, a significant increase in demand for collagen supplements, gummies and pills has also gained popularity in the market. Consumer demand for flavored gummies is increasing which further fuels the growth of the market.
Collagen builders are derived from plants and have a variety of potential benefits that come with no side effects. Plant-extracted supplements that help build collagen are authentic collagen boosters known as natural ingredients that contain vitamins and minerals and are able to naturally increase collagen production in the body. These factors could keep the herbal collagen supplements market growing.
According to Future Market Insights analysis, healthcare costs have more than doubled in recent years due to growing spending on R&D activities by key players in the medical industry. Rising healthcare costs are driving consumers to turn to dietary supplements that offer medicinal benefits such as relieving pain and preventing or reducing cartilage breakdown and joint pain.
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Key players in collagen supplements include limited manufacturing capacity with product manufacturing facilities located close to raw material sources, which has resulted in low raw material prices.
Key companies in collagen supplements market are Ancient Nutrition, Nitta Gelatin Inc., Darling Ingredients Inc., Koninklijke DSM NV, CONNOILS LL, Collagen Matrix, Titan Biotech Ltd, Protein SA, Life Extension, GELITA AG, Weishardt, Tessenderlo Group NV, LAPI GELATINE Spa, ITALGELATINE SpA, Trobas Gelatine BV
More insights into Collagen Supplements Market
The North American region is expected to dominate the global collagen supplements market as there are investment opportunities, combined with increasing consumer awareness of the potential skin health benefits of collagen supplements, which has prompted major dietary supplement manufacturers to move sideways in to incorporate the introduction of collagen-based products in the US.
Collagen Supplements Market by Category
By product type, the collagen supplements market is segmented as follows:
By form, the collagen supplements market is segmented as follows:
Pills & Gummies
By source, the collagen supplements market is segmented as follows:
Sea & Poultry
By end-use, the collagen supplements market is segmented as follows:
Snacks & Muesli
Bakery pastry shop
By distribution channel, the collagen supplements market is segmented as follows:
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