Collagen supplements have grown in popularity owing to their health benefits in promoting youthful skin and joints. Collagen peptides are increasingly being added to nutritional supplements, functional beverages and skin care products due to their ability to boost collagen biosynthesis in the body. Collagen supplements are available in various forms including capsules, powders, gummies and liquids. As a core structural protein, collagen helps maintain integrity of skin, hair, nails and joints. Growing awareness about anti-aging benefits of collagen intake is driving wider consumption through supplements.
The global collagen supplements market is estimated to be valued at US$ 2.34 Billion in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Collagen Supplements are GELITA AG, Koninklijke DSM N.V., Rousselot, and Vitagra-CO.
Collagen Supplements Market Growth health-consciousness and demand for nutritional supplements present major revenue opportunities in the market. Increasing usage of collagen in applications like functional beverages, skin care and weight management supplements is expected to boost market revenues.
Superior bioavailability of hydrolysed collagen peptides is increasing their popularity in supplements. Technologies like micro-encapsulation are helping improve the absorption of collagen in the body.
Market Drivers
Rising geriatric population prone to age-related joint disorders and weakening bones is a key factor driving the demand for collagen supplements. Growing focus on anti-aging has augmented the consumption of collagen-based nutraceuticals. Easier accessibility through e-commerce is further facilitating the uptake of collagen peptides as dietary supplements.
Current Challenges in Collagen Supplements Market
The collagen supplements market is facing many challenges currently. Due to the ongoing Covid-19 pandemic, the supply chain of raw materials has been disrupted significantly. This has adversely impacted the production and distribution of collagen supplements globally. Additionally, consumer preference is shifting towards vegan dietary supplements which do not contain animal-sourced collagen. This poses a major threat to prominent collagen supplement manufacturers. Lack of awareness among consumers regarding various health benefits of collagen intake is another major challenge. High prices of collagen supplements is also limiting their mass adoption. Overall, maintaining profit margins while expanding production and distribution networks cost-effectively remains a critical challenge for industry players.
SWOT Analysis
Strength: Collagen peptides offer several health benefits like improving skin health, joint mobility and digestive system. Growing health-conscious population is driving demand.
Weakness: Animal derived collagen raises ethical issues. Vegan and plant-based alternatives are capturing market share. High pricing is another weakness.
Opportunity: Increasing promotion by manufacturers regarding benefits is widening consumer reach. New product launches catering to specific health needs present opportunities.
Threats: Strict regulations around health claims. Rising availability of cheaper private label brands.
Geographical Regions
North America accounts for the largest share of the global collagen supplements market currently, valued at over USD 300 million. This is attributed to high health awareness and disposable income levels in countries like the US and Canada. The Asia Pacific region is projected to emerge as the fastest growing market during the forecast period, expanding at a CAGR exceeding 8%. China, Japan and India will be key drivers of collagen supplements demand growth in Asia Pacific due to rapid urbanization, lifestyle changes and increasing health consciousness.
Geographical Regions
China has emerged as the fastest growing regional market for collagen supplements globally in recent years. This growth can be attributed to rising middle-class population with greater willingness to spend on health and wellness products. Expanding online and offline retail distribution networks have further improved the accessibility of collagen supplements across various Chinese cities. Leading domestic manufacturers as well as global brands are actively expanding their presence in China by launching tailored products and innovative packaging formats. The overall market is forecast to surpass USD 500 million in value by 2031 in China alone.
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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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