Collagen is a protein that the body produces. It plays a vital role in the structure and function of skin, cartilage, bones, and connective tissue. There are around 28 known types of collagen, with type I collagen accounting for 90% of collagen in the human body. Collagen supplements can help improve skin health. Collagen supplements have several benefits related to skin, joint, bone, muscle, and heart health. Thus, there is an increasing demand for collagen supplements. Collagen supplements deliver various types of collagen protein when taken daily; increase muscle mass, relieve joint pain, prevent bone loss, and improve skin health. Research suggests that supplements may improve certain aspects of skin health and appearance.
Market Statistics:
The global collagen supplements market is estimated to account for US$ 2,158.44 Mn in terms of value by the end of 2022.
Drivers:
Increasing consumption of collagen supplements worldwide is expected to drive growth of the global collagen supplements market during the forecast period. Collagen supplements provide many health benefits with few known risks. Supplements help increase muscle mass, prevent bone loss, relieve joint pain, and improve skin health by reducing wrinkles and dryness. In May 2022, DAV International announced the launch of collagen powder product that contains eight different vitamins and minerals. The product not only supplies collagen to the skin, but contains vitamins essential to rejuvenate one‘s health.
Opportunities:
Increasing aging population across the world is expected to offer lucrative growth opportunities for player in the global collagen supplements market. For instance, collagen supplements have several benefits related to skin, joint, bone, muscle, and heart health, and several studies have shown that consuming collagen peptides might help older people with the bone and skin health. According to the United Nations, Europe is home to the largest aging population in the world, where 1 in 4 Europeans are aged 60 and more. Germany, France, Spain, Denmark, and Italy, are some European countries with the highest percentage of the aging population.
Restraints:
Shift of consumers toward vegan diets and restrictions prohibiting the consumption of animal-sourced products and supplements are major factors expected to hamper growth of the global collagen supplements market. For instance, animal rights organizations are encouraging people to reduce animal-sourced food and beverages consumption and look for alternative solutions to nutrition. According to the Good Food Institute, sales of plant-based foods grew three times faster than overall food sales in 2021. Thus, with the rise in adoption of veganism, the sales of animal-sourced products and supplements is declining.
Global Collagen Supplements Market - Impact of Coronavirus (Covid-19) Pandemic
During the COVID-19 outbreak (pandemic), people were concerned about their immunity and actively sought ways to maintain overall health. Thus, health supplements gained popularity due to their health benefits. Moreover, elderly people are at higher risk of developing serious illness from COVID-19, and collagen is widely used in supplements targeted towards the aging population. In short, the pandemic has increased overall sales of collagen, as it attracts attention from health-conscious consumers of different end products in which collagen is used, such as food, beverages, and nutritional products.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/collagen-supplements-market-5131
Key Takeaways:
The global collagen supplements market was valued at US$ 2,026.70 Mn in 2021 and is forecast to reach a value of US$ 3,233.14 Mn by 2028 at a CAGR of 7.0% between 2022 and 2028.
Among Source, bovine segment held dominant position in the global collagen supplements market in 2021, accounting for 40.6% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Market Trends:
- Increasing prevalence of arthritis, inflammatory bone diseases, and other rheumatoid arthritis is expected to propel growth of the global collagen supplements market. For instance, in March 2022, ByHealth launched a new collagen product its Highflex joint health brand. The product features native (undenatured) type II collagen branded ingredient Collavant n2, from Bioiberica (Barcelona), which has been clinically shown to improve knee discomfort and function.
- Increase in demand due to increase in awareness among people is expected to augment the growth of the global collagen supplements market. For instance, in November 2021, Cytoplan announced the launch of Type 1 Marine Collagen, a supportive formula designed to help the structure, elasticity, texture, strength, and resilience of the skin and improve the overall health of connective tissue in the body.
Competitive Landscape:
Major players operating in the global collagen supplements market include Vital Proteins, The Clorox Company, The Bountiful Company, TCI Co., Ltd., Glanbia Plc, Further Food, Codeage LLC., Shiseido Company Ltd., Biotech USA, and Hunter & Gather Foods Ltd., among others.
Recent Developments:
In September 2020, Nitta Gelatin adds Replenwell, a new line of highly functioning collagen peptide ingredients, to its Wellnex portfolio. They are clinically tested for safety and efficacy, and are available in a variety of raw material sources, including fish, bovine, and porcine.
In May 2020, Nutraformis Limited's LQ Skin Hair Nails launched two new collagen products. LQ Collagen Skin Hair Nails contain the highest quality marine collagen, supported by other vitamins and ingredients that help maintain the health of skin, hair, and nails.
