According to Future Market Insights, the collagen supplements market is expected to develop at a 6.4% CAGR and reach US$ 2.8 billion by 2032.
As consumers seek beauty through health and wellbeing companies are introducing a wide range of organic and natural nutraceutical products. A collagen supplements manufacturer will be profitable in the forecast period if they develop unique products that promote synergy between beauty and health, as opposed to shallowly effective products that encourage temporary, cosmetic changes.
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Pollution, a hectic lifestyle, and stress are all having a negative impact on consumers. To counteract the effect, an increasing number of consumers are adopting a healthy lifestyle that includes the use of skin care products and natural health supplements that make them feel and look beautiful from within. Demand for health supplements is expected to increase further in 2022, as more consumers are expected to purchase natural healthy and cosmetics products in order to live a healthy lifestyle. Thus, driving the growth of the collagen supplements market.
Key Takeaways from Market Study
- The market is segmented based on form, wherein the pills/gummies are anticipated to account for a lucrative share in the global market, owing to increased awareness about preventive medicines.
- The European collagen supplements market is anticipated to dominate the global market with a market share of around 26.5% in 2022, but South Asia is expected to witness a lucrative growth rate over the forecast period.
- On the basis of source, bovine is expected to hold a dominating share in 2022, but marine & poultry are expected to witness a lucrative growth rate over the forecast period.
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“Access to data and the keen interest of consumers in recognizing the product contents, before using it has resulted in the increase of a more briefed and proactive consumer who is well aware of the products they wish to purchase and has discovered information on the same. Companies in the health and cosmetics segment in the global market will therefore invest more in independent technology and transparency in 2022 in order to leverage the collected data and establish a strategic advantage.” says a Future Market Insights analyst.
Competitive Landscape
The use of innovative technologies such as Machine Learning and Artificial Intelligence has revolutionized every sector in the global market. Beauty companies are implementing cutting-edge software to analyze customer data patterns in order to better meet customer demands and increase profits. Furthermore, these companies are efficiently leveraging tech-enabled and social media platforms, such as smartphone apps, to educate and engage consumers about product offerings and beneficial/healthy skin habits. This trend is expected to continue in 2022. The following are some noteworthy market developments:
- In 2019, World’s First ASC Certified Collagen Supplement Launched in Sweden by Inekogruppen
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Collagen supplements market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Collagen Supplements Market By Category
By Product Type, the Collagen Supplements Market is Segmented as:
- Gelatin
- Hydrolyzed
- Native
By Form, the Collagen Supplements Market is Segmented as:
- Powder
- Liquid
- Pills & Gummies
By Source, the Collagen Supplements Market is Segmented as:
- Bovine
- Porcine
- Marine & Poultry
By End-use, the Collagen Supplements Market is Segmented as:
- Nutritional Products
- Snacks & Cereals
- Dairy Products
- Beverages
- Meat & Poultry
- Bakery & Confectionery
By Sales Channel, the Collagen Supplements Market is Segmented as:
- B2B/Direct Sales
- B2C/Indirect Sales
- Modern Trade
- Traditional Grocery Stores
- Convenience Stores
- Specialty Stores
- Online Retail Stores
- Others
By Region, the Collagen supplements Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
The report covers exhaustive analysis on:
- How big is the collagen supplements market?
- What is the anticipated market value of the collagen supplements market by 2032 end?
- What is the collagen supplements market outlook?
- Which region is expected to drive the demand for the collagen supplements market?
- Who are the key players operating in the market?
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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