Press release
Plant-Based Collagen Market to Reach USD 11.9 Billion by 2034, Driven by Sustainable Beauty and Functional Nutrition Trends
The global plant-based collagen market is projected to grow significantly, with an estimated market valuation of USD 6.6 billion in 2024, expanding at a CAGR of 8% to reach USD 11.9 billion by 2034.A key driver of this market growth is the increasing demand for sustainable beauty solutions. Consumers are shifting toward plant-based alternatives to traditional animal-derived collagen due to concerns about animal welfare and environmental impact. This shift has fueled the demand for cruelty-free, plant-based collagen products that align with eco-conscious values while delivering effective skincare and wellness benefits.
Beyond beauty and skincare, the expansion into functional food and beverages presents lucrative opportunities for market players. Growing consumer awareness of collagen's role in joint health, skin elasticity, and overall well-being has led to rising demand for plant-based collagen in dietary supplements, functional foods, and beverages. This diversification enables manufacturers to cater to health-conscious consumers seeking convenient and nutritionally enriched products.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐จ๐๐๐ฒ! https://www.futuremarketinsights.com/report-sample#5245502d47422d3134383330
However, despite strong growth prospects, the plant-based collagen market faces challenges related to regulatory complexities and ingredient standardization. Varying approval processes across different regions create hurdles for market expansion, requiring manufacturers to navigate diverse compliance standards. Additionally, ensuring the consistent quality and efficacy of plant-based collagen ingredients remains a challenge, influencing consumer trust and market adoption.
"The plant-based collagen market is poised for substantial growth driven by increasing consumer preference for sustainable and cruelty-free beauty products. Regulatory challenges remain a barrier, but expanding into functional foods presents a promising opportunity." - says Nandini Roy Choudhury, Client Partner at Future Market Insights
๐๐๐ฒ ๐ญ๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐ฉ๐ฅ๐๐ง๐ญ ๐๐๐ฌ๐๐ ๐๐จ๐ฅ๐ฅ๐๐ ๐๐ง ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ญ๐ฎ๐๐ฒ:
โข The plant based collagen market is projected to grow at a CAGR of 8% during the forecast period (2024-2034)
โข The United States plant based collagen is expected to grow by 28.5% to reach a market share during the forecast period.
โข The global Plant-Based Collagen Market is projected to witness substantial growth between 2024 and 2034, driven by increasing consumer preference for vegan and cruelty-free beauty and wellness products.
โข The market is fueled by growing awareness of health benefits associated with plant-based collagen sources, including skin health, joint support, and anti-aging effects.
โข North America and Europe are dominant regions due to the strong presence of vegan dietary trends and well-established cosmetic industries.
โข Key players are focusing on innovation, product launches, and strategic partnerships to expand their market share.
โข The rise of plant-based alternatives to animal-derived collagen is shaping the future of the skincare, cosmetics, and nutraceutical industries.
๐๐ก๐จ ๐ข๐ฌ ๐ฐ๐ข๐ง๐ง๐ข๐ง๐ ?
Leading companies such as Unived, SMPNutra, Olena Health, OZiva, and SENIORITY.IN, Rejuvenated collagen products tailored for diverse applications in food and beverages, pharmaceuticals, personal healthcare, and others.
Manufacturers are mainly focused on certification and claims and launching new products
For Instance,
In June 2024, Hemp Foods Australia launched its first beauty-from-within a vegan collagen product for hair, skin, and nails to help fill the gap for plant-based options.
๐๐ฅ๐๐ง๐ญ ๐๐๐ฌ๐๐ ๐๐ง๐ ๐๐๐ ๐๐ง ๐ ๐จ๐จ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.futuremarketinsights.com/industry-analysis/plant-based-and-vegan-food
๐๐ฅ๐๐ง๐ญ ๐๐๐ฌ๐๐ ๐๐จ๐ฅ๐ฅ๐๐ ๐๐ง ๐๐ซ๐๐ง๐๐ฌ
โข Unived
โข SMPNutra
โข Olena Health
โข OZiva
โข SENIORITY
โข Rejuvenated
โข Raw Beauty Lab
โข NUTRICORE BIOSCIENCES PVT
โข HealthKart
โข Your Super
โข PlantFusion
โข Nutricore Biosciences Private Limited
โข Others
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.futuremarketinsights.com/reports/plant-based-collagen-market
Get valuable insights into the Plant Based Collagens Market:
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Plant Based Collagen market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034.
The study categorizes valuable insights into the Plant Based Collagen market based on Source, Form, End-use Industry, and Region. As per source, the segment has been categorized into, Black Beans, Soy, Kidney Beans, Pumpkin Seeds, Squash Seeds, Sunflower Seeds, Chia Seeds, Pistachio, Peanut, Cashew, and Others, by form Drink, Powder and Others also by end-use industry segment characterized into Food and Beverage, Pharmaceutical, Healthcare, and Others key Regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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