Global Collagen Supplement Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach ~USD 2 Bn By 2028 - Ken Research

What is the Size of Global Collagen Supplement Industry?

The Collagen Supplement Market is largely driven by the rising demand for collagen peptides in nutraceuticals and food & beverage industries.

Growth in the healthcare sector is expected to drive the overall collagen supplement market. Furthermore, a growing geriatric population, rising standards of living, and increasing health awareness are other factors driving the growth of collagen-based products worldwide.

Collagen supplements help in treating ailments such as joint pain, rheumatoid arthritis, and other provocative bone illnesses, which drives the demand for products.

The COVID-19 pandemic had a positive impact on the overall market growth due to mounting social media awareness about collagen products. Many influencers and doctors have used social media platforms to promote the use of supplement products such as powders, liquids, and gummie. Growing awareness of health and beauty during lockdown and recent trends, especially among young adults, has caused the preference curve for collagen peptides to rise. Growing awareness of the benefits of collagen supplements is observed worldwide, that has spurred the development of the overall industry.

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Global Collagen Supplement Market By Source

The Global Collagen Supplement market is segmented by Source into Bovine, Marine & Poultry, Porcine and Others. The bovine segment held the largest market share in the global collagen supplements market in 2022, owing to the huge popularity of bovine collagen supplements among athletes and bodybuilders.

Bovine-sourced supplements are the most consumed supplement due to their easy availability and benefits for the treatment of diseases such as osteoporosis, scoliosis, and others.

Marine & Poultry segment is expected to grow with the highest CAGR during the forecast period due to the rising awareness regarding marine oils and Omega 3.

Global Collagen Supplement Market by form

The Global Collagen Supplement market is segmented by Form into Powder, Capsules, Gummie, Liquid and Others.

The gummie segment held the largest market share in the global collagen supplements market in 2022, owing to the growing preference of consumers towards increasing consumption of dietary supplements.

Gummie are the faster and easier way to intake the required supplements and growing demand from consumers for flavored gummie drives the market for collagen gummie.

Powdered form segment is expected to grow with the highest CAGR during the forecast period as it is the most popular type of collagen supplement and can be mixed with water and different types of juices.

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Global Collagen Supplement Market by distribution channel

The Global Collagen Supplement market is segmented by Distribution Channel into Hypermarkets/Supermarkets, Pharmacies, Online Retail Stores, Specialty Stores and Others.

The pharmacies segment held the largest market share in the global collagen supplements market in 2021, as pharmacies or drug stores are considered to be the most trusted source for the purchase of any kind of medication and supplements.

Pharmacies are the most trusted distribution source for supplements among consumers as the information regarding the product is validated through healthcare professionals at the drug stores.

Global Collagen Supplement Market by end-user

The Global Collagen Supplement market is segmented by End-User into Nutraceuticals, Healthcare, Cosmetics, Food & Beverages and Meat & Poultry.

The nutraceuticals segment held the largest market share in the global collagen supplements market in 2022, owing to the rising awareness regarding the benefits associated with collagen supplements for skin, hair, nails, and joints.

The nutraceutical collagen supplements provide the highest amount of strength, resilience, and compactness to the skin and that is why it is widely utilized in nutraceuticals. The increasing prevalence of various diseases such as arthritis, inflammatory bone diseases, and other rheumatoid arthritis has encouraged people to inculcate collagen supplements in their daily diet.

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/business-research/global-collagen-supplements-market-outlook-2028/

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This release was published on openPR.