Global Collagen Supplements Market Research: Sourcing From Pork to Stay Most Popular. Powdered collagen supplements are popular and expected to hold the highest market share. Collagen supplements used in nutritional products hold the highest market share at over a quarter.
DUBAI, United Arab Emirates, Nov. 17, 2022 (GLOBE NEWSWIRE) — The global collagen supplements market is expected to present opulent growth opportunities over the projection period by posting a CAGR of 6.4% throughout of the projection period from 2022 to 2032. The global market is expected to expand its reach from $1.5 billion in 2022 to $2.8 billion in 2032, according to Future Market Insights. The growth of the market is attributed to the rising consumer awareness about the various health benefits related to collagen supplements including muscle, joint and bone health as well as the fact that it is a cost-effective option, leading consumers to opt for collagen. supplements at a faster rate.
Amid the Covid-19 pandemic, several regions have been negatively affected. The imposition of lockdowns in major countries has significantly disrupted their supply chains. The pandemic has further affected the market by temporarily closing businesses and other outlets. In addition to this, agricultural workers and logistics providers have also suffered serious consequences.
Although all industries are the most affected by the pandemic, wholesalers and exporters have been able to find new and creative ways to increase productivity and improve safety protocols due to this pandemic. The growing preference for collagen supplements is attributed to the effective management of medical costs. Due to these aforementioned factors, the global collagen supplements market has propelled significantly and historically witnessed a significant growth of around 5.2%.
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A growing middle-class population along with a growing demand for imported collagen has been facilitated by the emergence of nutritional awareness. It is considered to have significantly increased the market for collagen supplements. Various consumers quickly incorporate collagen supplements in order to stay healthy and free from diseases such as inflammatory bone disease, arthritis, and rheumatoid arthritis. Additionally, income level and age group play an important role in collagen supplement purchasing decisions.
The introduction of new distribution channels, scientific evidence supporting claims, and growing consumer awareness are expected to boost sales of collagen supplements. According to United Nations population data, Europe has the largest aging population in the world, with one in four people in Europe aged 60 and over. Germany, Italy, France, Spain, Denmark and other large European countries have the highest proportion of aging populations.
Key points to remember
The collagen supplement market is expected to be driven by a growing preference for supplements that help reduce medical costs. According to the assumptions, it has been predicted that increased consumer awareness and the development of new forms of delivery will fuel the sales of collagen supplements over the next few years. Also, the scientific evidence supporting the claims of the company is expected to be introduced which will further bolster the sales of collagen supplements over the forecast period.
Pharmacy is known as the most enduring type of distribution channel for all kinds of collagen supplements, resulting in increased customer demand for collagen supplements in the market. Moreover, a significant increase in the demand for collagen supplements, gummies and pills has also gained popularity in the market. Rising consumer demand for flavored gummies is further driving the market growth.
Collagen builders are derived from plants and have a host of potential benefits that have zero side effects. Herbal extract supplements that help build collagen are authentic collagen boosters, which are known as natural ingredients that contain vitamins and minerals and are able to increase collagen production in the body naturally. These factors could further expand the market for herbal collagen supplements in the market.
According to Future Market Insights analysis, healthcare costs have more than doubled over the past few years, driven by increasing expenditure on R&D activities by major players in the medical industry. Rising healthcare costs are driving consumers to choose health supplements, which provide medical benefits such as pain relief and the prevention or reduction of cartilage breakdown and joint pain.
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The major players of collagen supplements include limited manufacturing capacity with product manufacturing plants located close to raw material sources, which has resulted in low raw material prices.
Leading companies profiled in collagen supplements market are Ancient Nutrition, Nitta Gelatin Inc., Darling Ingredients Inc., Koninklijke DSM NV, CONNOILS LL, Collagen Matrix, Titan Biotech Ltd, Protein SA, Life Extension, GELITA AG, Weishardt, Tessenderlo Group NV, LAPI GELATINE Spa, ITALGELATINE SpA, Trobas Gelatine BV
More information on the collagen supplements market
The North American region is expected to dominate the global collagen supplements market owing to presence of investment opportunities, combined with rising consumer awareness of potential skin health benefits with collagen supplements , which has led major supplement manufacturers to side-integrate with the introduction of collagen products in the United States.
Collagen Supplements Market by Category
By Product Type, the Collagen Supplements Market is segmented as follows:
By Form, the Collagen Supplements Market is segmented as follows:
Pills and gummies
By Source, the Collagen Supplements Market is segmented as follows:
Marine & Poultry
By End Use, the Collagen Supplements Market is segmented as follows:
Snacks & Cereals
Bakery & Confectionery
By Sales Channel, the Collagen Supplements Market is segmented as follows:
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
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