Feb, 2023 - By CMI
During the course of the projected period, a rise in collagen supplement consumption is anticipated to fuel market expansion. As an illustration, collagen supplements can benefit skin health. In the development and maintenance of skin, cartilage, bones, and connective tissue, collagen is crucial. Collagen Peptides for Skin and Joints, a new hydrolyzed collagen supplement, will be available starting in November 2020, according to Life Extension. Throughout the forecast period, an increase in the world's senior population is anticipated to boost market expansion for collagen supplements. Growing public awareness of the advantages of collagen supplements is anticipated to provide players in the global collagen supplements market with considerable potential prospects. Global market participants can expect profitable growth opportunities due to rising collagen supplement usage and consumption. The global collagen supplements market is anticipated to increase as a result of industry participants introducing unique products.
According to Coherent Market Insights, the market for Collagen Supplements worldwide was valued at US$ 2,026.70 million in 2021 and is anticipated to grow at a 7.0% CAGR from 2022 to 2028 to reach US$ 3,233.14 million.
Market Leaders in the Collagen Supplement Industry:
1. Biotech USA
BioTech was established in 1999, with its main offices in the European Union (EU). Biotech sells high-quality nutritional supplements, protein supplements, pre-workout supplements, items for boosting stamina, and dietary supplements. With increased funding for the "Omics" in January 2023, biotech will get up close and personal.
2. Code age LLC
The business was founded in 2017 and is headquartered in Los Angeles.
In order to help people live longer, better, and healthier lives, Code age aspires to offer the most cutting-edge and intelligent nutritional food supplements. Code age announced the January 2023 release of its new Liposomal Magnesium Glycinate Powder Complement. Code age announced the launch of its newest supplement, Code age Liposomal Multi Amino+, in February 2023.
3. Further Food
The business was established in 2014 and is situated in California, United States. It runs a community platform and online instructional resource for using food as medicine. The company Further Food specialises in food-based nutritional goods including Collagen Proteins Powder, Superfood Turmeric, and others.
4. Glanbia plc
The company was founded in 1997 and is headquartered in Kilkenny, Ireland. The company holds top market positions in sports nutrition, cheese, dairy ingredients, specialty non-dairy ingredients, and vitamin and mineral premixes. In October 2020, Michigan's brand-new, cutting-edge Glanbia cheese and whey plant started producing. At Credit Suisse, Glanbia was reinstated on February 17, 2023, with a Neutral rating.
5. Hunter and Gather Foods Ltd.
The company was established in 2016 and is based in London, UK. A company called Hunter & Gather sells nutrient-dense foods and beverages that are never made with sugar, carbohydrates, or inflammatory oils. After exceeding its crowd funding goal in October 2022, Hunter & Gather planned to expand its retail offerings.
6. Shiseido Company, Limited
The company was established in 1872 and has its headquarters in Tokyo, Japan. Its market segments include cosmetics, body care, hair products, fragrances, and skin care. Shiseido's medium-term strategy, "SHIFT 2025 and Beyond," is introduced in February 2023. Shiseido started a field trial of its "BeauRing" plastic container recycling project on February 10th, 2023.
7. TCI CO. LTD.
Its main office is in Taipei, Taiwan where it was established in 1980. Producing both functional meals and skincare products is TCI Co Ltd. The business develops, produces, and conducts research on capsules, tablets, cosmetic skincare products, healthy drinks, and face masks.
8.The Bountiful Company
The business was established in 1971 and based in New York, U.S. The company focuses on improving the health and wellness of consumers as a producer, distributor, and dealer of supplements, minerals, herbs and other specialised products, and active nutritional supplements. The Bountiful Company's primary brands were acquired by Nestlé, which expanded its health and nutrition portfolio in April 2021.
9. The Clorox Company
The business was established in 1913 and is based in Oakland, California. The company's products Bags and wraps, food, personal care, and cleaning materials supplies for pet care and water filtration .To support the expansion of its cat litter business, the company established a new production plant in Martinsburg, West Virginia, in 2022.
Definition: The basic elements of protein, amino acids, are found in collagen supplements. Some may also contain extra nutrients, such as vitamin C, biotin, or zinc that are important for maintaining healthy skin and hair.