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U.S. & Japan Collagen Supplements Market Size, Trends, Share Analysis, Forecast Report 2030 | Valuates Reports

12-03-2021 02:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

U.S. & Japan Collagen Supplements Market Size, Trends, Share

The U.S. & Japan collagen supplements market size was valued at $796.5 million in 2020, and is projected to reach $1.6 billion by 2030, registering a CAGR of 7.4%. U.S. was the highest revenue contributor, accounting for the highest U.S. & Japan collagen supplements market share in 2020, and is estimated to grow at a CAGR of 7.5%.

Collagen supplement are dietary supplemen that are used to address the deficiency of collagen in the diet. They are usually derived from bones and skin of animals and fish. They come in a variety of forms, including pills, gummie, powder, and drinks. Collagen supplements are available across the U.S. & Japan and can be consumed without the prescription of a medical practitioner. Collagen supplements are very popular among bodybuilders and regular fitness enthusiasts as they help them maintain the health of their skin and bones.

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The largest consumer segment comes under the oldest segment of the population, which is the largest consumer of food supplements including protein, calcium, vitamin, and other supplements to delay the aging disorders and effects. Moreover, the adoption of an inactive or deskbound lifestyle is the major driver which propels the demand for collagen protein supplements among youth and adults in the market.

The demand for U.S. & Japan collagen supplement has remained consistent among buyers. The outbreak of the novel coronavirus has marginally affected the growth of the market worldwide. Growth in the sales of collagen supplements in U.S. & Japan have been witnessed owing to the growing adoption of Nutraceuticals among the consumers in order to remain healthy and avoid visiting hospitals amid pandemic. Furthermore, the disruption of supply chain has slightly affected the supply of the product to the market, however, online availability was high.

The growth of the U.S. & Japan collagen supplements market can be attributed to several health and beauty benefits associated with the ingestion of collagen. For instance, the ingestion of collagen in the form of supplements enhances the health of skin by reducing dryness and wrinkles. It also increases muscle mass, improves bone health, and provides relief from joint pain. Moreover, rise in diseases, such as arthritis, rheumatoid arthritis, and other inflammatory bone diseases, has encouraged consumers/people to inculcate special supplements to keep themselves agile. Moreover, easy availability of supplements due to improvement in the retail infrastructure has been beneficial to the sales of supplements such as U.S. & Japan collagen supplement. However, high cost of collagen supplement and growing adoption of veganism act as the major restraint for the U.S. & Japan collagen supplements market growth.

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The key players in the market have adopted product launch and expansion as their key strategies to stay competitive. The key players profiled in the report include Codeage LLC, Further Food, Shiseido Company, Limited, The Bountiful Company, The Clorox Company, Vital Proteins, Llc, Meiji Holdings Co., Ltd., Eisai Co., Ltd., Nizona Corporation, and Nitta Gelatin Inc. According to the market players, the major obstacle faced by them attributed to the pandemic was the disruption of supply chain. Furthermore, all the distribution channels were nearly shut down in the first quarter of the pandemic. However, online distribution channels such as online pharmacy, eBay, noon, and Amazon, have gained huge traction amidst the pandemic.

Based on U.S. & Japan collagen supplements market analysis by source, the bovine segment was the largest segment in 2020, and is expected to remain dominant during the forecast period. The growth of this segment is attributed to collagen supplement being very popular among bodybuilders and athletes. However, the marine & poultry segment is projected to grow at the fastest CAGR of 8.0% over the forecast period.Based U.S. & Japan collagen supplements market forecast by form, the pills & gummie segment was the largest & the fastest-growing segment in 2020, and is expected to remain dominant over the forecast period. The growth of this segment is attributed to an increase in the demand and consumption of dietaryy supplements that come in the form of pills and gummie, owing to rise in health concerns among consumers. Furthermore, increase in inclination of consumers toward the consumption of dietary supplemen to aid recovery after exercise and help in the growth of muscles is expected to fuel the growth of the pills & gummie segment in future.

Based on sales channel, the pharmacy segment in the U.S. & Japan collagen supplements market was the largest segment in 2020, and is expected to remain dominant over the forecast period. The growth of this segment can be attributed to pharmacies being often considered as a much more trusted source to acquire medication and supplementation. Moreover, services, such as home delivery through mails and consultations with the pharmacists, further boost the segment growth. However, the online segment is projected to grow at the fastest CAGR of 8.1% over the forecast period.

By Source
➣Marine & Poultry
➣Porcine
➣Bovine

By Form
➣Pills & Gummie
➣Powder
➣Liquid/Drinks

By Sales Channel
➣Pharmacy
➣Specialty Store
➣Online Store

By Country
➣U.S.
➣Japan

Key Market Players
➣Codeage LLC
➣Further Food
➣Shiseido Company, Limited
➣The Bountiful Company
➣The Clorox Company
➣Vital Proteins, Llc
➣Meiji Holdings Co., Ltd.
➣Eisai Co., Ltd.
➣Nizona Corporation
➣Nitta Gelatin Inc

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