USD 2.10 Billion
Report ID:
SQMIG30H2092 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
61
|Figures:
75
Collagen Supplements Market size was valued at USD 2.22 Billion in 2023 and is poised to grow from USD 2.34 Billion in 2024 to USD 3.59 Billion by 2032, growing at a CAGR of 5.50% during the forecast period (2025-2032).
A growing emphasis on leading a healthy lifestyle and an increase in product customers are promoting market expansion. The need for collagen supplements is also being aided by increased import demand for collagen, growing middle-class population, and rising nutritional value knowledge. People are recommended to intake collagen supplements for maintaining their health and preventing diseases such as rheumatoid arthritis, inflammatory bone diseases, and arthritis due to the rising prevalence of these conditions. The age group and economic level also have a significant impact on whether collagen supplements are bought.
Collagen, which makes up the majority of bones, tendons, muscles, ligaments, joints, and other organs, as well as hair, skin, and nails, plays a significant part in the formation of the human body. Collagen production in the human body decreases with aging. Therefore, taking a collagen supplement can help prevent aging and other digestive problems. As a result, its demand has increased in recent years. Different collagen supplement forms are available, including powder, liquid, tablets, and gummies.
The popularity among consumers for collagen supplements is growing as health consciousness rises. The market is expected to grow throughout the forecast period as a result of factors such rising health care expenditures, increased disposable income, and widespread advertising of processed collagen supplements. The need for high-quality nutritional supplements is also rising as a result of the growing working population, which will fuel industry expansion.
The COVID-19 epidemic has had a negative impact on the market in many different places. The supply chain for manufacturing was upended when major nations declared a state of emergency. The temporary closure of enterprises and retail establishments during the pandemic had a more significant effect on the market. Farmworkers and logistical support staff also suffered as a result of this. However, this outbreak has opened up fresh opportunities for wholesalers and exporters to increase efficiency and improve safety protocols. Due to the closure of specialty stores and the prohibition on internet delivery during the lockdown, the distribution route for collagen supplements also experienced restraint.
US Collagen Supplements Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 2.10 Billion
Largest Segment
Pills & Gummies
Fastest Growth
Pills & Gummies
Growth Rate
5.50% CAGR
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The global collagen supplements market is segmented based on form, distribution channel and region. In terms of form, the market is segmented into pills & gummies, powder and liquid/drinks. Based on distribution channel, the market is segmented into pharmacy, online store and specialty store. With respect to segmentation by region, the global Collagen Supplements Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Collagen Supplements Market Analysis by Form
In 2023, the pills and gummies made for the largest share of the global market's sales, with 60%. These are the most straightforward type of collagen supplement; thus, customers tend to favor them. This category is expected to rise over the course of the projected period due to rising dietary supplement use as well as rising demand for collagen pills and gummies. Additionally, it is predicted that customers' increased inclination for dietary supplements as well as an increase in muscle growth following exercise will fuel category expansion.
Due to rising demand, the powder form will experience the fastest increase during the predicted period. Other factors influencing the growth of this market are changing lifestyles, rising disposable incomes, and rising demand for collagen supplements. The most popular kind of collagen supplement is in powder form. It may be blended with water and various liquids. Additionally, there are other flavors on the market. Supplemental collagen powder supports healthy hair, bones, joints, and nails. Additionally, it aids in resolving digestive and stomach problems. This is the reason why its demand is expected to rise in the near future. Therefore, throughout the course of the projected period, the segment is expected to grow.
Global Collagen Supplements Market Analysis by Distribution Channel
The pharmacy segment dominated the market in 2023, THUS, accounting for about 75% of all sales. Consumer demand for collagen supplements is increasing as a result of the pharmaceutical industry's greater sustainability offers in comparison to other distribution channel types. As a result, it is projected that the category will grow over the course of the evaluation.
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North America held over 30% of the market in 2023, contributing significantly due to the high demand for collagen supplements in the United States and Canada. Additionally, the local older population is expanding, which stimulates market growth. The need for collagen supplements from the sports nutrition business is driving significant growth in this industry as well. The business is also predicted to experience amazing expansion over the course of the forecast period due to rising import demand and rising collagen supplement usage per capita.
Asia Pacific is anticipated to witness a 6.8% CAGR between 2024 and 2031. The increased demand for collagen dietary supplements in the area is to blame for this. Increases in disposable income in countries like China, India, and other places are also contributing to the market's expansion. The demand for supplements made from marine collagen is also contributing to the industry's growth. As a result, it is expected that the collagen supplement market will continue to expand throughout the forecast period
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Global Collagen Supplements Market Drivers
Increasing Prevalence of Bone and Joint Disorders
Global Collagen Supplements Market Restraints
Limited Scientific Evidence
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The nature of competition for the global collagen supplements market is currently fragmented with the presence of multiple players. The entry of new players is projected to further intensify the market competition during the forecast period. In order to fulfill the rising demand for collagen supplements, companies are primarily concentrating on developing new formulations. Low entry barriers and a larger market potential have led to the entry of new companies. Product development is possible in areas with high demand thanks to the rising popularity of collagen supplements.
Top Player’s Company Profiles in Global Collagen Supplements Market
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Collagen Supplements market is A growing emphasis on leading a healthy lifestyle and an increase in product customers are driving market expansion. The increased need for collagen from imports, the expansion of the middle class, and growing awareness of nutritional benefits are all contributing to the demand for collagen supplements. People are recommended to take collagen supplements to maintain their health and prevent diseases including rheumatoid arthritis, inflammatory bone diseases, and arthritis due to the rising prevalence of these conditions. The age group and economic level also have a significant impact on whether collagen supplements are bought.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.10 Billion |
Market size value in 2031 | USD 3.40 Billion |
Growth Rate | 5.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Collagen Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Collagen Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Collagen Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Collagen Supplements Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30H2092
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