Market Forecast
Global Collagen Supplements Market size is projected to be valued at USD 3.2 Billion by 2026, recording a CAGR of 5.2% between 2020 and 2026. The rising adoption of collagen supplements as nutricosmetics is creating lucrative opportunities for the players in the global collagen supplements market. The collagen market has witnessed tremendous growth in the past few years, and the same trend is expected in the case of the collagen supplements market. Additionally, the North American and European markets are witnessing growing demand for collagen supplements.
The prominent players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. Moreover, the key players in the market are focused on innovative product launches. For instance, in 2019, Garden of Life introduced a new line of collagen powders under the brand name Nutra Collagen. Products include bone growth protein powder and two unflavored protein powders in different sizes.
Key Players
- Amway Corp. (US)
- Herbalife International of America, Inc. (US)
- SMP Nutra. (US)
- Gelita AG (Germany).
- Shiseido Co. Ltd (Japan)
- Vita Proteins LLC (US)
- Everest Neocell LLC
- Hunter Gather Foods Ltd (UK)
- Nutraformis Limited (UK)
- Garden of Life (US)
Market Segmentation
The segment assessment of the global collagen supplement is based on forms, distribution channel, and source.
The form-based segments of the collagen supplement market are powder, Drinks Shots, Capsules, and Tablets Soft gels. The capsules, tablets soft gels segment is anticipated to generate the highest revenue by 2026. The drink and shot segment is expected to thrive in the collagen supplements market through the forecast term. Capsules, tablets and soft gels are consumed by athletes to enhance energy in their body. These collagen supplement soft gels and capsules help sports person in the recovery of damaged muscles during workouts and trigger scar tissue production and muscle fiber regeneration. Thus, the rising sales of collagen supplements among athletes, increase in number of pursuing sports as career, and expansion of sports sector can contribute to the market rise.
The source-based segments of the collagen supplement market are animal and marine. The animal segment is expected to hold the largest market share in the years to come. MRFR study reveals that the animal segment can register the higher CAGR in the forecast tenure. The increase in application of bovine collagen as a supplement that is derived from cows is also used as a common food additive. Bovine collagen also plays active role in the manufacturing of food products. Thus, the increasing utility of animal collagen supplement can promote the market expansion in the near future.
The distribution channel-based segments of the collagen supplement market are Store-based and non-store based. The high purchase frequency from store-based retailers and increase in their establishments that offer a wide range of collagen supplements can benefit the market. Supermarkets and hypermarkets, and specialty stores are observed to offer greater purchase satisfaction, thus the supermarkets and hypermarkets segment is likely to hold the largest market share by 2026. The non-store-based segment is likely to dominate the market in the forecast term.
Market USP
Increase in the adoption of collagen supplements as nutricosmetics
Growth Opportunities in the Market
Increase in the Demand for Animal-based Collagen Supplements: The demand for animal-based collagen supplements is projected to bring lucrative opportunities for the market players. Bovine collagen is a naturally occurring protein present in the connective tissue, bones, cartilage, and hides of cows. Bovine collagen is widely used in the manufacturing of collagen supplements.
Rising Adoption of Collagen Supplements for Joint and Bone Health: Collagen supplements provide various health benefits such as joint mobility, flexibility, and improved range of motion in sensitive joints. Collagen is a structural protein that is found in connective tissues, such as cartilage, bones, gums, skin, tendons, and blood vessels. Increased awareness regarding the health benefits of collagen supplements among consumers is expected to create opportunities for collagen supplements manufacturers.
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Regional Study
North America collagen supplement market is expected to hold considerable share of the global market by 2026. The US is expected to spearhead the regional collagen supplements market with the high CAGR in the study period. The increasing sales of collagen in sports-based industries can boost the regional market in the analysis region.
In Europe, the collagen supplements market forecast is likely to witness decent market share in the study period. The spreading awareness about collagen peptides and tripeptides that are crucial in human nutrition can promote the regional market.
In Asia Pacific, the high traction in both nutrition and cosmetics can contribute to the regional collagen supplements market rise. The inclination of people towards prevention of premature aging, and rise in preference for safe, natural, and effective beauty solutions can prompt the global collagen supplements market.
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