Collagen Supplement Market size to reach $2 Bn by 2032

Published Date: February 21, 2023

Collagen Supplement Market size is anticipated to exceed USD 2 billion by 2032, according to a new research report by Global Market Insights Inc.

The report identifies increasing awareness of health benefits associated with collagen supplements as the chief driver of the industry. Furthermore, accelerating penetration of the product in emerging countries, including India, Argentina, China, and Iran is aiding in market progression. Business tactics of top firms to expand their customer reach is benefitting industry dynamics. For instance, in March 2022, ByHealth, a Chinese vitamin and dietary supplement producer, introduced its new collagen product Highflex joint health range. With the innovation, the company aims to expand its business in the collagen market of China.

Skin healing property to push marine collagen market demand

The collagen supplement market from marine segment will grow at a 7% CAGR during 2023 to 2032, on account of the rising usage of marine-based collagen in several applications due to its many benefits including delaying aging symptoms and gaining muscular mass. A study revealed that marine collagen is capable of healing skin injuries and slowing down aging processes and showcases the ability to activate keratinocytes, vascularization, and fibroblast migration of the skin, making it popular among older people.

Excellent absorbency of proteins in the body to increase liquid collagen industry share

With respect to form, the liquid/drinks collagen supplement market is expected to surpass USD 100 Million by 2032. Significant benefits of liquid-based collagen supplements such as easy processing, pre-hydrolyzation, and quick absorbing capabilities into bones, ligaments, and skin have encouraged companies to introduce collagen products in liquid or drink form, aiding segment outlook. To cite an instance, in June 2022, LifeVantage, a skincare firm, launched TrueScience Liquid Collagen ingredient with extracts of ruby red quinoa, beneficial for its activating qualities.

Strong recommendations of doctors to shape the pharmacy segment

The report further cites pharmacies as one of the top distribution channels for collagen supplements. The pharmacy segment is estimated to depict more than 5.5% CAGR through 2032, due to the growing preference of doctors and pharma professionals for pharmacies as a trusted source for medications. Pharmacists can help with medicine recommendations properly compared to self-purchasing complications. As pharmacies are the most traditional form of medicine circulation channel, many patients are deeply reliant on pharmacists for medicines and health without visiting a doctor.

Browse key industry insights spread across 450 pages with 520 market data tables and 33 figures & charts from the report, “Collagen Supplement Market Size, By Source (Bovine, Marine, Porcine, Others), By Form (Pills & Gummies, Drink/ Liquid, Powder), By Distribution Channel (Pharmacy, Online Stores, Specialty Stores), By Application (Nutraceuticals, Cosmetics, Healthcare, Food), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/collagen-supplement-market

Beneficial qualities of collagen additive in animal products to define the food industry landscape

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The collagen supplement market size from the food segment is primed to cross USD 750 million by 2032, attributed to the growing use of collagen ingredients as a culinary additive to enhance the texture and integrity of food items such as sausages. For instance, collagen derived from fish provides consistency, stability, and elasticity to food products and is often used as an emulsifier in meat items to improve its technological and rhetorical properties.

Strong awareness regarding health in developing countries to push the Asia Pacific industry growth

The Asia Pacific collagen supplement market is projected to amass over USD 400 million by 2032, owing to a positive shift in the behavior of people toward health, especially in China, Japan, and India. This has encouraged various market players to expand their business in these countries, thereby hyping the regional market growth. For instance, in August 2022, Shiseido, a beauty expert, invested in Jiangsu Trautec Medical Technology, a manufacturer of recombinant collagen produced by biosynthesis.

New range of vegan product launches to remain a key growth strategy

Prominent participants operating across the collagen supplement market include Everest NeoCell LLC, Nestle SA, The Clorox Company, A54:B60, Absolute Collagen, THE BOUNTIFUL COMPANY, Codeage LLC, Revive Collagen, and BioTechUSA. The competitive landscape of this industry is primed to witness a set of innovative product launches and acquisitions by companies to improve their business dynamics.

For instance, in August 2022, Revive Collagen, a skincare brand, released a first-of-its-kind clinically proven, Revive Collagen Vegan, a vegan range of liquid collagen supplements. The product launch is poised to boost the company’s progression as a cruelty-free brand in line with the growing demand for vegan product demand.