Collagen Supplement Market [2023-2031] Research - Growth, Trends, Outlook and Future Scope Analysis

The global collagen supplement market size was US$ 2,021.8 million in 2021. The global collagen supplement market is forecast to grow to US$ 3,691.9 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the study period from 2022 to 2030.

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Supplements with collagen serve as dietary aids to make up for dietary deficiencies in collagen. The supplement is typically made from the skin and bones of fish and other animals. It is available in a variety of forms, such as tablets, powder, beverages, and forms.

Factors Influencing the Market
The growing working population and rising trend of highly nutritious food will drive the demand for collagen supplements during the forecast period.
Since collagen is the primary component of hair, skin, nails, bones, tendons, muscles, ligaments, joints, and other organs, it plays a significant role in the formation of the human body. The human body loses collagen as we get older. Therefore, a collagen supplement can aid in the fight against aging and other digestive problems. All of these benefits will increase the demand for collagen supplements during the study period.
The rising trend of will offer lucrative growth opportunities for the global collagen supplement market during the analysis period. Apart from that, the growing prevalence of arthritis, inflammatory bone diseases, and other rheumatoid arthritis, will be opportunistic for the market during the study period. On the flip side, the adoption of veganism may limit the demand for collagen supplements during the study period.

COVID-19 Impact Analysis
The COVID-19 epidemic has had a negative impact on the collagen supplement market. Major nations went into lockdown, which led to disruptions in the manufacturing units. During the pandemic, the temporary closure of businesses and retail stores had an even greater impact on the market. Additionally, a significant rise in the user base of e-commerce websites will boost the growth of the collagen supplement market during the study period.

Regional Analysis
The Asia-Pacific collagen supplement market is forecast to hold the highest share due to improving medical infrastructure and rising inclination towards healthy dietary habits. In addition, changing lifestyles and poor dietary habits of people will lead to collagen deficiency. Thus, it will boost the demand for collagen supplements in the coming years.
The trend of pills and is growing in the region. Thus, it will benefit the collagen supplement market during the forecast period. Apart from that, the rising prevalence of diseases like arthritis, inflammatory bone diseases, and other rheumatoid arthritis will benefit the Asia-Pacific collagen supplement market during the forecast period.

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Competitors in the Market
• Further Food
• Glanbia Plc.
• Codeage LLC.
• Hunter & Gather
• Optimum Nutrition, Inc,
• BIoTechUSA
• TCI CO., LTD.
• Vital Proteins LLC
• Shiseido Co. Ltd
• The Clorox Company
• Nature's Bounty Co.
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Collagen Supplement industry experienced notable growth in its workforce. Starting in January, employment within the Collagen Supplement sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Collagen Supplement output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector's production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Collagen Supplement output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Collagen Supplement market, remains both its largest producer and consumer. Remarkably, China's market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation's GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Collagen Supplement market.

Market Segmentation
The global collagen supplement market segmentation focuses on Source, Form, Sales Channel, and Region.
By Source Outlook
• Marine & Poultry
• Porcine
• Bovine

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By Form Outlook
• Pills
• Powder
• Liquid/Drinks
By Sales Channel Outlook
• Pharmacy
• Specialty Store
• Online Store
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Collagen Supplement Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Collagen Supplement Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Collagen Supplement Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Collagen Supplement Market Size (2023-2031)

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This release was published on openPR.