Global Collagen Supplements Market Overview
The collagen supplements market is anticipated to be worth USD 3.137132 billion, expanding at a 5.20% CAGR from 2023 to 2030
Collagen is a compound that is used for treating and maintaining skin health. Collagen supplements help in slowing down the skin aging process and maintaining the skin elasticity at the same time. The growing awareness and consciousness towards skin health and personal care has increased the usage of such supplements and is rapidly rising with increased awareness and spending capacities. These supplements are used for curing joint pains and wound healing, which has provided additional growth to this market and is increasing with time.
The high costs of the products made from marine products compared to those obtained bovine and porcine have come up as the major speed breakers for this market and have slowed down this global pace. The global collagen supplements report will help gain a better overview of the market in terms of major factors like opportunities, competitions, drivers & restraints, and others. In terms of the survey, the global collagen supplements market outlook is projected to touch a 05 % annual growth mark.
Also, the rising demands for greener products and the rapid rise in various life-threatening diseases have further increased collagen supplements' demands. To unfold the new aspects of this technology, the companies have made hefty investments in the research & development programs, which has imposed an extra load on the market players but will ensure the successful run in the future aspects.
Key Players
- Amway Corp. (US)
- Herbalife International of America, Inc. (US)
- SMP Nutra. (US)
- Gelita AG (Germany).
- Shiseido Co. Ltd (Japan)
- Vita Proteins LLC (US)
- Everest Neocell LLC
- Hunter & Gather Foods Ltd (UK)
- Nutraformis Limited (UK)
- Garden of Life (US)
Market Division
The global market for collagen supplements is a vast field and is segmented as follows:
In terms of types, the global collagen supplements market is characterised as including capsules, drinks, powders, soft gels, and others.
The global collagen supplements market is characterized by marine and animal forms in terms of availability.
Offline and online supply channels, in terms of supply mediums, characterise the global collagen supplements market.
Regional Classification
Collagen supplements demands are on the rise because of factors like rapidly increasing awareness and improved supply chains. The North American, European, Asia Pacific, and rest of the world markets are observed to understand the global collagen supplements market insights structure. In the present era, the North American region is leading the market. The market for collagen supplements will be the fastest-growing market because of factors like high awareness, the presence of major manufacturing houses, a rise in research and development procedures, stable supply chains, and others. The European market is the second-largest collagen supplements market, and the Asia-Pacific market stands in third place, and both of these markets are also showing considerable growth rates.
Industry News
The collagen supplements market outlook has gained an instant response from the global perspective because of factors like increased demands for better products and a rise in disposable incomes and living standards. Presently, the North American market is in the first position and the European region in the second place. In terms of growth rates, the North American market will be the fastest forward-moving player and will keep moving with the accelerated pace. The rapidly developing provinces will show great potentials, which has attracted the market players from around the world to settle their businesses in these regions.
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