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Collagen Supplement Market Size

Report ID: GMI5318
Published Date: Feb 2023
Report Format: PDF

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Collagen Supplement Market Size

Collagen Supplement Market size surpassed USD 1 billion in in 2022 and is projected to expand at more than 6.5% CAGR from 2023 to 2032, driven by rising product penetration in the food & beverage sector in emerging countries.

The growing demand for collagen-based additives in food products on account of increasing knowledge of the benefits of collagen has boosted product adoption. Furthermore, the positive inclination of wellness brands in collagen for their business expansion is set to fuel product demand. For instance, in February 2022, Nestle Health, a nutritional science company under food & beverage giant Nestle SE, acquired the largest collagen production brand, Vital Protein.

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The burgeoning demand for dietary supplements is also pushing industry growth. Mounting health consciousness is bolstering the adoption of alternatives to boost their immune systems. These dietary supplements help in fulfilling the average requirement of vitamins in their body. Moreover, the mounting approval of regulatory agencies is encouraging people to trust these additives, resulting in increased product sales. Recently, the U.S. FDA approved Wasabi leaf, as a new dietary ingredient that increases collagen synthesis, opening gates for domestic collagen brands to introduce vegan products.

Collagen Supplement Market Report Attributes
Report Attribute	Details
Base Year:	2022
Collagen Supplement Market Size in 2022:	USD 1.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 2.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	450
Tables, Charts & Figures:	553
Segments covered:	Source, Form, Distribution Channel, Application, and Region
Growth Drivers:	Rising demand for dietary supplements Increasing usage of collagen supplements in food and beverages Health benefits associated with collagen supplement
Pitfalls & Challenges:	Increase in adoption of veganism Supply chain disruption

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of collagen supplement exceeded USD 1 billion in 2022 and is set to witness at 6.5% gains from through 2032, owing to the cumulative utilization of collagen supplements in the food & beverage sector.

The nutraceuticals application segment valuation is primed to reach USD 800 million by 2032 due to the surging awareness regarding nutraceutical collagen benefits for skin, such as strong bones, elasticity & hydration, resilience, and so on.

The bovine segment is poised to garner a revenue of more than USD 1 billion by the end of 2032 as a result of its easy availability and advantages for ortho disorders including osteoporosis and scoliosis.

The North America industry is slated to attain a valuation of USD 950 million by the end of 2032 attributed to the growing number of geriatric patients, especially in the U.S. has promoted the consumption of collagen supplements.