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.
Businesses are offering a wide range of natural and organic nutraceutical products because consumers want to look beautiful while being in fantastic health. If a collagen supplement manufacturer offers unique items that support the symbiosis of health and beauty rather than those that are only mediocrely effective and foster fleeting cosmetic gains, they will be profitable over the projected period.
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Stress, a busy lifestyle, and pollution are all having a negative effect on consumers.To offset the damage, more and more customers are adopting healthy lifestyles that involve using skin care products and all-natural health supplements that make them look and feel beautiful from the inside out. It is anticipated that as more people purchase natural health and beauty products to maintain a healthy lifestyle in 2022, the demand for health supplements would increase even further. This is good news for the collagen supplement business.
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 Industry 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.
“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
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Collagen supplements Industry presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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Collagen Supplements Industry By Category
By Product Type, the Collagen Supplements Industry is Segmented as:
- Gelatin
- Hydrolyzed
- Native
By Form, the Collagen Supplements Industry is Segmented as:
- Powder
- Liquid
- Pills & Gummies
By Source, the Collagen Supplements Industry is Segmented as:
- Bovine
- Porcine
- Marine & Poultry
By End-use, the Collagen Supplements Industry 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, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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