The global collagen supplement market size is poised for substantial growth, estimated to reach a valuation of approximately USD 1,655.7 million in 2024. With a moderate CAGR of 6.4% forecasted from 2024 to 2034, the market is expected to nearly double, achieving a projected value of USD 3,089.7 million by 2034.
Key Market Trends and Drivers
- Increased Healthcare and Personal Care Spending: The rising expenditure on healthcare and personal care globally, especially in developing countries, is a primary driver of market growth. Consumers are increasingly seeking supplements that contribute to overall health and reduce medical costs.
- Urban Population and Nutritional Awareness: The expanding urban population is fueling the development of healthcare supplements tailored to meet their specific needs. Growing nutritional awareness and scientific evidence supporting the benefits of collagen are bolstering market demand.
- Sustainability and Innovation in Skincare: The continuous introduction of environmentally friendly and effective skincare products is expanding the market. Collagen supplements are increasingly recognized for their benefits in broader skincare regimes.
- Immune Health and Flavored Supplements: The demand for immune health supplements has risen, driven by increased consumer awareness. The popularity of flavored gummies and increased R&D activities to incorporate native fruits and ingredients are also propelling market growth.
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Collagen supplements have already seen tremendous success in the Western market due to a growing consumer base that is open to embracing healthier products. The product is gaining traction in Asian and African countries in recent years as it is conceived to offer benefits related to healthy aging while emphasizing hair, nail, and skin attractiveness.
Key Takeaways:
- Dominates the North American collagen supplement market with a projected CAGR of 6.2% through 2034.
- Increased consumer awareness regarding the potential advantages of collagen tripeptides and peptides.
- Demand for collagen supplements expected to grow at a rate of 6% over the forecast years.
- Collagen supplement industry projected to expand at a rate of 5.4% through the forecast period.
- Emphasis on diet plans for athletes leading to increased sales of collagen-infused drinks and food items.
- Collagen sales expected to increase at a rate of 5% per year between 2024 and 2034.
- Rising consumption of supplements and vitamins for natural beauty among Japanese consumers.
- Most promising market for collagen supplement suppliers in Asia, with a lucrative CAGR of 5.8% through 2034.
- Rising disposable income and growing awareness of skin and hair health fueling demand for collagen supplements.
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Competitive Landscape
The global collagen supplement market is moderately competitive, with key players focusing on strategic developments and expansive distribution channels. Recent innovations include:
- L’Oréal: In February 2024, L’Oréal introduced the second iteration of its Age Perfect Collagen Royal Anti-Aging Face Cream in China.
- Elemis: Announced the launch of Pro-Collagen Skin Future Supplements in November 2023, targeting consumers with a blend of antioxidants and vitamins.
- Ancient Nutrition: Launched a new line of collagen peptide formulas in 2021, demonstrating rapid, clinically proven results.
Key Players Profiled in the Collagen Supplement Market Report
- Ancient Nutrition
- Nitta Gelatin Inc.
- Darling Ingredients Inc.
- Koninklijke DSM N.V.
- CONNOILS LL
- Collagen Matrix
- Titan Biotech Ltd
- Protein SA
- Life Extension
- GELITA AG
- Weishardt
- Tessenderlo Group NV
- LAPI GELATINE S.p.a.
- ITALGELATINE S.p.A.
- Trobas Gelatine B.V.
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Key Segments Covered by Collagen Supplement Industry Survey Report
By Product Type:
- Gelatin
- Hydrolyzed
- Native
By Form Type:
- Powder
- Liquid
- Pills & Gummies
By Source:
- Bovine
- Porcine
- Marine & Poultry
By End Use:
- Nutritional Products
- Snacks & Cereals
- Dairy Products
- Beverages
- Meat & Poultry
- Bakery & Confectionery
- Other End Users
By Sales Channel:
- B2B or Direct Sales
- B2C or Indirect Sales
- Modern Trade
- Traditional Grocery Stores
- Convenience Stores
- Specialty Stores
- Online Retail Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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