Collagen Supplements Market

Market Overview

The global collagen supplements market was valued at USD 1.96 billion in 2021. It is projected to reach USD 3.16 billion by 2030, growing at a CAGR of 5.45% during the forecast period (2022–2030).

Collagen supplements can build muscle mass, prevent bone loss, alleviate joint discomfort, and improve skin health by reducing wrinkles and dryness. Collagen peptides are special proteins derived from natural sources that help treat joint disorders, improve skin beauty by inducing the body to produce more collagen and hyaluronic acid, and support bone health by aiding in bone remodeling.

The market is driven by consumers' growing desire to delay premature aging and their increasing demand for nutricosmetics infused with collagen peptides. In addition, the expansion of the market for collagen supplements can be linked to the numerous health and beauty benefits of collagen supplements. The expansion of the collagen supplement market can be attributable to the numerous health and aesthetic advantages of collagen supplement consumption.

Market Dynamics

Global Collagen Supplements Market Drivers

Increasing Emphasis on a Healthy Lifestyle and Rising Demand for the Product

The market growth is driven by an increasing interest in living healthy and an increasing demand for the product. The need for collagen supplements is being facilitated by a growing awareness of the nutritional qualities of food, the growing middle-class population, and the rising demand for collagen imported from other countries. In order to maintain good health and prevent ailments like arthritis, inflammatory bone conditions, and other types of rheumatoid arthritis, which have become more prevalent due to the increase in the frequency of several illnesses, people have been advised to take collagen supplements. In addition, the age group and the amount of income play a significant role in deciding the purchase of collagen supplements.

Growing Need for Nutritional and Quality Supplements

As the primary component of hair, skin, and nails, as well as bones, tendons, muscle, ligaments, and joints, collagen plays a significant part in the body's skeletal structure. A collagen supplement can help in the fight against aging and other digestive issues because human collagen levels decline with age. Various collagen supplements include powder, liquid, pills, and gummies. In addition, a rise in living standards, health expenditures, disposable income, and widespread marketing of processed collagen supplements are driving the market growth during the forecast period. Additionally, there is a rising demand for nutritional supplements as the working population expands, supporting business growth.

Global Collagen Supplements Market Restraints

High Cost

One of the most challenging issues businesses in the collagen supplement industry face is probably trying to promote better brands that are more potent while staying within price points that the average person can afford. One of the factors contributing to the global market's slowing growth is that items containing collagen supplements tend to sell for much higher prices than other items. Consequently, many people are encouraged to look for alternate options that are far more reasonably priced while yet providing the same degree of performance.

Global Collagen Supplements Market Opportunities

Numerous Fitness and Cosmetic Benefits associated with Collagen Supplement Consumption

The numerous health and aesthetic benefits of collagen supplement consumption can be attributed to the market's expansion. For example, a collagen supplement improves skin health by reducing dryness and wrinkles, enhancing muscle mass, promoting bone health, and alleviating joint pain. In addition, the increase in diseases such as arthritis, rheumatoid arthritis, and other inflammatory bone disorders has prompted consumers/individuals to use supplements to maintain their agility. The improved retail infrastructure has facilitated the availability of supplements, which has benefited the sales of nutraceuticals such as collagen supplements. Rising awareness of the benefits of collagen supplements in developing regions such as Asia-Pacific and Latin America is expected to boost the global market.

Regional Analysis

The global market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

North America is the most significant global collagen supplements market due to the strong demand for collagen supplements in the United States of America and Canada. Significant expansion can also be attributed to the rising demand for collagen supplements within the sports nutrition business. Additionally, the market is anticipated to experience remarkable expansion due to the rising consumption of collagen supplements per person and the growing demand for imports.

Asia-Pacific is expected to proliferate at a CAGR of 6.8% during the forecast period due to the steadily rising demand for collagen supplements worldwide. The rise in consumer spending power in nations such as China and India is another factor donating to the expansion of this market category. The growing demand for collagen supplements derived from marine sources is another factor contributing to the expansion of the market.

Segmental Analysis

The global collagen supplements market is segmented by form and distribution channel.

Based on form, the market is divided into pills and gummies, powder, and liquid/drinks.

The pills and candies are the most dominant due to the increased demand for pills and gummies, collagen supplements, and the rising usage of dietary supplements. In addition, an increase in muscle growth following exercise is anticipated to contribute to the expansion of this market. The most prevalent form of collagen supplement is a powder that can be combined with water and various juices. Supplemental collagen powder strengthens hair, bones, joints, and nails and improves digestive and gastrointestinal disorders. Increasing demand for collagen supplements, rising disposable incomes, and shifting lifestyles are further factors fueling the expansion of this market segment.

Based on the distribution channel, the market is divided into pharmacies, online stores, and specialty stores.

The pharmacy sector is the most dominant in the market due to the greater level of sustainability provided by the pharmaceutical sector compared to any other distribution channel. As a result, it is expected that the sector will demonstrate growth during the period under consideration. The online shop channel is anticipated to grow at a CAGR of 6.1% during the forecast period. The online retailer can supply a variety of advantages, including coupon advantages, free delivery charges, and other offers. In addition, online marketplaces' exchange or return policy piques customers' interest, leading them to make additional purchases online.

Recent Developments

• May 2022- BioTechUSA, Body Mass Index: A tool to help you keep a healthy weight.
• January 2022- Transport Corporation of India (TCI), through its subsidiary TCI Cold Chain Solutions Limited, enters into a joint venture with MITSUI & Co Limited (MITSUI).
• May 2022- TCI Foundation carried out a COVID-19 Vaccination drive among the marginalized section of society.
• June 2022- Vital Proteins LLC, flavor your summer with new vital proteins like lemon collagen peptides.