Press release
Rising Prevalence of Obesity and Growing Demand for Personal Care Products Propel Collagen Market Expansion
Collagen Market
The collagen market, having demonstrated robust growth, is set to further expand its horizon. From $6.38 billion in 2023, the market is projected to reach $6.99 billion in 2024, boasting a compelling compound annual growth rate (CAGR) of 9.6%. Looking ahead, the forecast indicates an even stronger trajectory, with an estimated market size of $10.19 billion in 2028, driven by a CAGR of 9.9%.
Drivers Fueling Market Expansion
Rising Prevalence of Obesity: The escalating cases of obesity globally play a pivotal role in propelling the collagen market. Obesity, a perilous health condition, contributes to various diseases like heart disease and diabetes. Collagen supplements, by inducing satiety, aid in weight management, aligning with the increasing demand for solutions combating obesity.
Growing Demand for Personal Care Products: The surging demand for personal care and cosmetic products emerges as a significant driver. Collagen, known for promoting skin health and reducing aging signs, becomes a sought-after ingredient. The beauty industry's focus on anti-aging trends amplifies the demand for collagen-infused products.
Explore the Global Collagen Market with a Detailed Sample Report:
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Key Players Driving Innovation
Major companies influencing the collagen market include Gelita AG, Nitta Gelatin Inc., Lapi Gelatine SPA, and others. Their strategic endeavors contribute to the market's dynamism and growth.
Trends Shaping the Landscape
Emergence of Collagen Nutritional and Chewable Capsules: A notable trend is the rise of nutritional and chewable capsules infused with collagen. Brands like Vital Proteins and OLLY are at the forefront, offering innovative products that nourish the skin and support hair and nail growth.
Collagen-Based Supplements Transforming the Market: Another transformative trend involves major players developing collagen-based supplements. Pura Collagen's launch of ""Pura Collagen Protect,"" a supplement enriched with immune-boosting properties, exemplifies the industry's commitment to innovation.
Regional Dynamics and Market Segmentation
North America dominated the collagen market in 2023, while Asia-Pacific is anticipated to be the fastest-growing region.
The collagen market covered in this report is segmented -
1) By Product: Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen
2) By Dosage: Powder, Liquid, Capsule
3) By Source: Bovine, Porcine, Marine & Poultry
4) By Application: Food, Health care, Nutraceuticals, Personal Care & Cosmetics
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/collagen-global-market-report
Collagen Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Collagen Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on collagen market size, collagen market drivers and trends, collagen market major players, competitors' revenues, collagen market positioning, and market growth across geographies. The collagen market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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