Collagen Drinks Market Size worth USD 831.8 Million Globally, by 2030 at a CAGR of 12.7%

Collagen drinks market size was valued at $274.8 million in 2020, and is projected to reach $831.8 million by 2030, growing at a CAGR of 12.7% from 2021 to 2030.

There is an increase in number of local market players in the developing countries owing to the ease of doing business facilities by many governments and also due to the increased demand for local manufactures products worldwide. Innovative product offerings with various ingredients for specific target group such as beauty specific and nutrition specific are the latest trends in the market which are expected to drive the market growth during the forecast time period.

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Expanding F&B industry, expanding retail market, and changes in lifestyle & growing demand for good-for-you products drive the growth of the global collagen drinks market. However, adoption of veganism and rise in the act of animal cruelty in animal farms and slaughterhouse hinder the market growth. On the other hand, growing awareness about collagen drinks present new opportunities in the coming years.

The collagen drinks industry holds a substantial scope for the market growth. The market is currently in its growth stage; however its contribution to the global market is expected to increase significantly during the forecast period. Increase in demand for beauty drinks and collagen infused products enforced the market to produce more innovative beauty drinks and wellness drinks made by various sources of collagen.

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Growth of the global population and rise in per capita income boosts the collagen drinks market growth, thus increasing the production of collagen beauty drinks. There is an increase in the production of collagen infused products for with the rise in demand from nutraceutical industry. Thus, the market players are focusing on increasing their production capacities. Change in consumer behavior in the beauty and wellness segment and preference of consumers for various new types of nutraceutical drinks expected to boost the sales of collagen infused energy drinks in the coming years. Numerous players are entering the collagen drinks market with innovative ideas and strategies. Emerging innovative nutrition drinks and beauty drinks by various other healthy ingredients are expected to increase the market competition in the years to come.

Growth in population in developing countries, such as China, South Korea, and India, has increased the demand for beauty drinks. This is attributed majorly to the increase in population, coupled with per capita income. This is boosting the production of beauty drinks and nutrition drinks in developing regions. In emerging countries, per capita income is more as compared to the developed countries and hence, adoption of various new products is eventually higher.

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The collagen drinks market is segmented on the basis of end user, packaging type, distribution channel, and region. On the basis of end user, the female segment was the highest contributor to the market, in 2020, and is estimated dominate the market in 2030, with a significant CAGR. The male segment is expected to grow with highest CAGR during the forecast time period.

Leading Market Players

Shiseido Company Limited
AmorePacific Corporation
Asterism Healthcare
Hangzhou Nutrition Biotechnology Co
Bauer Nutrition
Hangzhou Nutrition Biotechnology Co
Kinohimitsu
Heivy, TCI Co. Ltd.
ATP CO.LTD
Wel-Bloom Bio-Tech Corporation.

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