Collagen Supplements Market to Grow Exponentially due to Growing Focus on a Healthy Lifestyle and Rising Import Demand

Collagen Supplements Market Scope & Overview

The collagen supplements market, valued at USD 1.89 billion in 2022, is projected to reach USD 2.98 billion by 2030, with a compound annual growth rate (CAGR) of 5.84% during the forecast period from 2023 to 2030, as stated by SNS Insider. Collagen supplements are dietary products that are designed to support the production and maintenance of collagen in the body. Collagen is a protein that plays a crucial role in the structure and elasticity of our skin, joints, bones, and other connective tissues.

Market Analysis

In recent years, the collagen supplements market has witnessed remarkable growth, primarily fueled by the increasing focus on maintaining a healthy lifestyle and a growing number of buyers seeking products that support their wellness goals. This surge in demand can also be attributed to the rising awareness of the nutritional value of collagen, the expanding middle-class population, and the escalating import demand for collagen. As consumers become more conscious of their overall well-being, collagen supplements have gained popularity as a convenient and effective way to support various aspects of health.

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Key Players Covered in Collagen Supplements market report are:

Amway,
Bayer,
NOW Foods,
Herbalife,
Royal DSM,
Pfizer,
Alimentary Health Limited,
Procter & Gamble,
Nutrica NV.

Impact of Recession

While recessions pose challenges for various industries, including the collagen supplements market, strategic measures can be taken to mitigate the impacts. Adapting pricing strategies, fostering innovation, consolidating market presence, and investing in marketing and education are essential steps for manufacturers and retailers operating in this sector. By responding proactively to changing consumer behaviors and economic conditions, the market can navigate the recessionary period and emerge stronger in the long run.

Segmentation Analysis

As the collagen supplements market continues to expand, the Pills segment and the Pharmacy segment are poised to dominate due to their unique strengths and ability to meet evolving consumer needs. The convenience and portability offered by pills, coupled with the trust and guidance provided by pharmacies, position these segments as influential players in shaping the future of collagen supplements. Manufacturers and retailers in the industry should recognize the significance of these trends and adapt their strategies to capitalize on the growing demand for collagen supplements in these formats and distribution channels.

Collagen Supplements Market Segmentation as Follows:

By Source:
Marine & Poultry
Porcine
Bovine

By Form:
Pills
Powder
Liquid/Drinks

By Sales Channel:
Pharmacy
Specialty Store
Online Store

Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other

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Regional Status & Analysis

North America has emerged as a dominant player in the collagen supplements market, primarily attributed to the soaring demand for these supplements in the United States and Canada. The region's significant contribution can be attributed to several key factors that have propelled market growth. First and foremost, the increasing aging population in North America has played a pivotal role in driving the demand for collagen supplements. As individuals age, the natural production of collagen in the body declines, leading to various age-related issues such as joint pain, wrinkles, and reduced skin elasticity.

Conclusion

As more individuals prioritize their overall well-being, collagen supplements have emerged as a popular choice due to their potential benefits for skin health, joint support, and overall vitality. With the market poised for further expansion, both consumers and businesses stand to benefit from the wide range of collagen supplement options available.

Frequently Asked Questions about this Industry Report

Q1. What is the projected outlook for collagen supplements market growth?

ANS: The market is projected to reach a value of USD 2.98 billion by the year 2030.

Q2. What are the major factors influencing the collagen supplements market?

ANS: The market is experiencing a period of robust growth driven by various factors, including the increasing focus on a healthy lifestyle, growing middle-class population, and rising import demand.

Q3. Who are the leading players in the collagen supplements market?

ANS: Optimum Nutrition, Inc, Further Food, BIoTechUSA, TCI CO., LTD., Vital Proteins LLC, Nature's Bounty Co., Hunter&Gather, Shiseido Co. Ltd, The Clorox Company, and Codeage LLC.

Table of Content - Analysis of Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Collagen Supplements Market Segmentation, By Source
9. Collagen Supplements Market Segmentation, By Form
10. Collagen Supplements Market Segmentation, By Concentration
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

Continued…

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This release was published on openPR.