According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of plant-based Collagen are estimated to reach a value of USD 12.3 Bn by 2032, surging at an 8% CAGR through the decade.
The ingredients used to create plant-based collagen are also plants. In a lab setting, producing collagen using yeast or bacteria is both affordable and scalable. In compared to animal collagen, plant-based collagen offers a number of benefits, including a lower risk of allergies because of its controlled manufacturing process.
Due to the numerous health benefits connected with using plant-based collagen, the market is anticipated to expand. The rise in “vegan” lifestyles, in addition to lactose intolerance and dairy product allergies, are further market-influencing variables. Numerous regulatory agencies strongly advise consumers to utilise collagen derived from plants.
To read about recent changes in the compound feed industry that FMI has seen, download a sample report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14830
Key Takeaways from Market Study
- North America is expected to have 38% plant based collagen market share.
- US is anticipated to holds 65% plant based collagen market share in North American market.
- Europe is expected to have 31% plant based collagen market share.
- Germany is likely to holds 22% plant based collagen market share in European market.
- Asia is expected to have 20% plant based collagen market share.
- China holds 32% plant based collagen market share in Asian market.
- Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.
“ The growing focus on the consumption of plant based collagen in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights.
Competitive Landscape
Plant-based collagen has a strongly competitive global market. Key companies are contributing to the worldwide market through product releases, collaborations, mergers and acquisitions, and another important organic as well as inorganic strategies.
Some of the leading companies offering plant based collagen are Unived, SMPNutra, Olena Health, OZiva, Seniority.IN, Rejuvenated, Raw Beauty Lab, Nutricore Biosciences PVT. LTD, HealthKart, Your Super, PlantFusion, Nutricore Biosciences Private Limited among others.
Browse Full Report@ https://www.futuremarketinsights.com/reports/plant-based-collagen-market
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the plant based collagen presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Plant Based Collagen Market by Category
By Source, Plant Based Collagen Market is Segmented as:
- Black Beans
- Soy
- Kidney Beans
- Pumpkin Seed
- Squash Seed
- Sunflower Seed
- Chia Seed
- Pistachio
- Peanut
- Cashew
- Others
By Form, Plant Based Collagen Market is Segmented as:
- Drink
- Powder
- Gummies
- Others
By End Use Industry, Plant Based Collagen Market is Segmented as:
- Food and Beverage
- Pharmaceutical
- Healthcare
- Others
By Region, Plant Based Probiotics Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14830
Frequently Asked Questions
- How much is the Plant Based Collagen Market worth?
- What is the North America Plant Based Collagen Market Outlook?
- At What Rate will Plant Based Collagen Demand Grow in Europe?
- What Are the Key Trends Shaping the Plant Based Collagen Market?
- What share of Plant Based Collagen Demand comes from China?
About FMI
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.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports