Collagen Face Cream Market - By Collagen Type, By Skin Type, By Function, By Price Range, By Distribution Channel & Forecast, 2024 - 2032

Collagen Face Cream Market Size

The global collagen face cream market was valued at USD 7.1 billion in 2023 and is estimated to grow at a CAGR of 6.5% during the forecast period. As the global population ages, there is a growing demand for anti-aging products. Collagen face creams are popular among older consumers seeking to reduce the visible signs of aging, such as wrinkles and sagging skin.
 

Consumers are becoming more knowledgeable about skincare ingredients and their benefits. The rising awareness of collagen's role in skin elasticity and hydration drives demand for collagen-based products. Continuous innovation in formulations, such as the incorporation of peptides, vitamins, and other beneficial ingredients alongside collagen, enhances product efficacy and attracts consumers. Rising disposable incomes, particularly in emerging markets, enable consumers to spend more on premium skincare products, including collagen face creams. The growing self-care movement encourages consumers to invest in skincare as part of their overall wellness routine, leading to increased demand for effective products like collagen face creams.
 

Skincare products, including collagen face creams, are subject to stringent regulations regarding ingredient safety and labeling. Compliance with these regulations can be complex and costly for manufacturers. The skincare market is highly saturated, with numerous brands and products vying for consumer attention. This competition can lead to price wars and diminished profit margins.
 

Collagen Face Cream Market Trends

Consumers are increasingly seeking products with natural and organic ingredients. This trend is driving the development of collagen face creams formulated with plant-based or marine collagen, appealing to health-conscious consumers. The growing aging population is pushing demand for effective anti-aging products. Collagen face creams are prominently marketed for their ability to improve skin elasticity, reduce wrinkles, and promote a youthful appearance. The use of advanced technologies, such as biotechnology for collagen extraction and formulation, is becoming more prevalent. This innovation leads to higher quality products with improved efficacy. There is a growing emphasis on sustainability in the skincare industry. Brands are focusing on eco-friendly packaging, ethical sourcing of ingredients, and transparent labeling practices to appeal to environmentally conscious consumers.
 

Collagen Face Cream Market Analysis

Based on collagen type, the market is divided into hydrolyzed collagen, marine collagen, porcine collagen, plant-based collagen alternatives and others. In 2023, hydrolyzed collagen held the dominant market of USD 2.9 billion and is expected to reach USD 5.1 billion by 2032. Standard diaper pails are often less expensive than advanced models, appealing to cost-conscious consumers. High demand among budget-conscious families and those seeking practical solutions without additional features. The straightforward design of standard diaper pails makes them easy to use and maintain. Standard models are widely available in various retail outlets, increasing their accessibility.
 

Based on skin type, the market is categorized into dry skin, oily skin, combination skin, sensitive skin and normal skin. In 2023, dry skin type held the dominant market share of 41% and is anticipated to grow through the years. Consumers with dry skin often seek products that provide intense hydration. Collagen face creams known for their moisturizing properties can effectively address this need, driving demand. Dry skin tends to show signs of aging more prominently. The appeal of collagen's anti-aging benefits encourages consumers to choose these products for improved skin elasticity and smoothness.
 

North America held a market of around USD 1.9 billion in 2023 and is expected to reach USD 3.3 billion by 2032. The increasing aging demographic in North America drives demand for anti-aging products, including collagen face creams, as consumers seek effective solutions to reduce wrinkles and enhance skin elasticity.
 

The market in U.S. is set to grow through a CAGR of 6.9% through the forecast period. Social media platforms significantly shape consumer preferences. Influencers promoting collagen face creams can create trends, driving higher demand through visibility and endorsements.
 

The German collagen face cream market maintained a considerable position in Europe. The expansion of online shopping offers greater accessibility to a variety of collagen face creams, making it easier for consumers to find and purchase these products.
 

China is supposed to grow at the highest rate of 7.6% in the region. China's aging demographic is driving demand for anti-aging products. Consumers are increasingly seeking effective solutions to combat the visible signs of aging, such as wrinkles and loss of skin elasticity.
 

Collagen Face Cream Market Share

Collagen face cream industry seems to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Estee Lauder, Johnson & Johnson, L'Oreal, MediDerm, Murad, Nivea, Perricone MD, Procter & Gamble collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
 

Collagen Face Cream Market Companies

Major players operating in the industry are:

• Algenist
• COSRX
• Dennis Gross Skincare
• Estee Lauder
• Johnson & Johnson
• L'Oreal
• MediDerm
• Murad
• Nivea
• Perricone MD
• Procter & Gamble
• Reviva Labs
• Shiseido
• SkinCeuticals
• Unilever
   

Collagen Face Cream Industry News

• In April 2023, Amicogen (South Korea), a biopharmaceutical and health functional food materials company, announced the completion of its collagen/gelatin production plant in Vietnam through its joint venture with Navico, called Aminavico. The plant has an initial production capacity of 400 tons each for collagen and gelatin, with plans to expand to 2,400 tons annually to meet the growing regional demand for collagen products.
   
• In April 2023, Darling Ingredients (US) acquired Gelnex (Brazil), a leading global manufacturer of gelatin and collagen products, for approximately USD 1.2 billion. This acquisition added Gelnex's five South American facilities and one US facility to Darling's portfolio, increasing its annual production capacity by 46,000 metric tons of gelatin and collagen products.
   
• In November 2022, PB Leiner (Belgium) established a joint venture with Hainan Xiangtai Group to manufacture PB Leiner's marine collagen peptides, with production commencing in the fourth quarter of 2022.
   

The collagen face cream market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2032, for the following segments:

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Market, By Type

• Hydrolyzed collagen
• Marine collagen
• Porcine collagen
• Plant-based collagen alternatives
• Others (bovine collagen, etc.)

Market, By Skin Type

• Dry skin
• Oily skin
• Combination skin
• Sensitive skin
• Normal skin

Market, By Function

• Anti-aging
• Moisturizing
• Skin firming
• Skin repair and regeneration
• Brightening
• Others

Market, By Price Range

• Low
• Mid
• High

Market, By Distribution Channel

• Online
  • E-commerce
  • Company websites
• Offline
  • Supermarkets
  • Specialty stores
  • Others (Departmental stores, etc.)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia

• Latin America
  • Brazil
  • Mexico

• MEA
  • UAE
  • Saudi Arabia
  • South Africa