Collagen Supplements Market Scenario
The global collagen supplements market 2020 through the analysis period till 2030. The collagen supplements market is expected to rise at 5.2% CAGR from 2020 to 2030. By 2030, the collagen supplement market is likely to value at about USD 3.2 Bn by 2030. The rise in adoption of collagen supplements in the rapidly growing nutricosmetics sector can support the market expansion.
The easy availability of collagen supplements at well-organized retail stores and the rise in their establishments are expected to boost sales, which, in turn, can favor the collagen supplements market. In addition, the purchase convenience and better consumer experience offered by online collagen supplement selling platforms and their subsequent positive impact on global sales can promote the market's rise.
Reputed nutraceutical companies, such as; Amway Corp, are introducing customer-friendly web interfaces for their wide-range of products to get exposure. These causes can support the market rise in the analysis period. The existence of retailers that are operating at both regional and national level are also capitalizing on the collagen supplements trend. Rigorous advertisements and promotional activities undertake by reputed collagen supplements retailers can drive considerable sales of collagen supplements. The spreading awareness about the health benefits of collagen supplements among the expanding fitness conscious populace can prompt the global market rise, along with the aforementioned causes. However, high prices of collagen supplements can restrain the market rise.
Key Players
Amway Corp. (US), Gelita AG (Germany), SMP Nutra. (US), Herbalife International of America, Inc. (US), Vita Proteins LLC (US), Shiseido Co. Ltd (Japan), Everest Neocell LLC, Garden of Life LLC (US), Nutraformis Limited (UK), and Hunter Gather Foods Ltd (UK) are some major companies in the global collagen market that are listed by MRFR to gain insights on the global collagen supplement key market players.
Market Segmentation
The segment assessment of the global collagen supplement is based on forms, distribution channels, and sources.
The form-based segments of the collagen supplement market are powder, drinks and shots, capsules, and tablets and soft gels. The capsules, tablets, and soft gels segment is anticipated to generate the highest revenue by 2030. The drink and shot segment is expected to thrive in the collagen supplements market through the forecast term. Capsules, tablets, and soft gels are consumed by athletes to enhance energy in their bodies. These collagen supplement soft gels and capsules help athletes in the recovery of damaged muscles during workouts and trigger scar tissue production and muscle fibre regeneration. Thus, the rising sales of collagen supplements among athletes, increase in number of pursuing sports as career, and expansion of sports sector can contribute to the market rise.
The source-based segments of the collagen supplement market are animal and marine. The animal segment is expected to hold the largest market share in the years to come. MRFR study reveals that the animal segment can register the higher CAGR in the forecast tenure. The increased application of bovine collagen as a supplement that is derived from cows is also used as a common food additive. Bovine collagen also plays an active role in the manufacturing of food products. Thus, the increasing utility of animal collagen supplements can promote their market expansion in the near future.
The distribution channel-based segments of the collagen supplement market are store-based and non-store based. The high purchase frequency from store-based retailers and increase in their establishments that offer a wide range of collagen supplements can benefit the market. Supermarkets and hypermarkets, and specialty stores are observed to offer greater purchase satisfaction; thus, the supermarkets and hypermarkets segment is likely to hold the largest market share by 2030. The non-store-based segment is likely to dominate the market in the forecast term.
Regional Study
North America's collagen supplement market is expected to hold a considerable share of the global market by 2030. The US is expected to spearhead the regional collagen supplements market with the high CAGR in the study period. The increasing sales of collagen in sports-based industries can boost the regional market in the analysis region.
In Europe, the collagen supplements market is likely to witness a decent market share in the study period. The spreading of awareness about collagen peptides and tripeptides, which are crucial to human nutrition, can promote the regional market.
In Asia Pacific, the high traction of both nutrition and cosmetics can contribute to the rise of the regional market for collagen supplements. The inclination of people towards prevention of premature aging, and the rise in preference for safe, natural, and effective beauty solutions can prompt the global collagen supplements market.
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