Collagen Supplements Market to Expand At An Amazing Rate by 2034
The global collagen supplement market size is estimated to be valued at around US$ 1,655.7 million in 2024. The global demand for collagen supplement drinks and food items is predicted to grow at a moderate CAGR of 6.4% during the forecast period. The global collagen supplement industry share is forecast to reach a value of nearly US$ 3,089.7 million by 2034.
Collagen Supplement Market Trends & Analysis
• Increases in healthcare and personal care expenditures across the globe, most notably in developing countries.
• Healthcare supplements are being developed to meet the needs of an expanding urban population.
• Continuous introduction of skin care products that are more environmentally friendly and effective against broader skin care regimes to grow the market.
• A growing market for immune health supplements requires an increase in consumer awareness.
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Collagen supplements have already seen tremendous success in the Western market due to a growing consumer base that is open to embracing healthier products. The product is gaining traction in Asian and African countries in recent years as it is conceived to offer benefits related to healthy aging while emphasizing hair, nail, and skin attractiveness.
Key Takeaways:
• Dominates the North American collagen supplement market with a projected CAGR of 6.2% through 2034.
• Increased consumer awareness regarding the potential advantages of collagen tripeptides and peptides.
• Demand for collagen supplements expected to grow at a rate of 6% over the forecast years.
• Collagen supplement industry projected to expand at a rate of 5.4% through the forecast period.
• Emphasis on diet plans for athletes leading to increased sales of collagen-infused drinks and food items.
• Collagen sales expected to increase at a rate of 5% per year between 2024 and 2034.
• Rising consumption of supplements and vitamins for natural beauty among Japanese consumers.
• Most promising market for collagen supplement suppliers in Asia, with a lucrative CAGR of 5.8% through 2034.
• Rising disposable income and growing awareness of skin and hair health fueling demand for collagen supplements.
Competitive Landscape for Collagen Supplement Market
The global collagen protein supplement market is currently moderately competitive and the rivalry is expected to intense during the projected years. Key players operating in collagen supplements have limited manufacturing capacity, with product manufacturing plants located close to raw material sources, resulting in low prices of raw materials. Manufacturers are also involved in the product’s distribution via vast distribution channels distributed across developed economies such as North America and Europe.
Recent Developments in the Global Collagen Supplement Market
• In February 2024, Loreal developed the second iteration of its Age Perfect Collagen Royal Anti-Aging Face Cream, effectively tapping into the rapidly expanding recombinant collagen market in China.
• In November 2023, Elemis declared to introduce Pro-Collagen Skin Future Supplements in 2024. The product containing food-grade hyaluronic acid, an antioxidant combination, chlorella, and vitamins A and C ingredients is priced at US$ 99 and is available only at QVC.
• In 2020, Life Extension Introduces a New Hydrolyzed Collagen Supplement: Peptides of Collagen for Skin and Joints.
• In 2021, Ancient Nutrition, a supplement company based on regenerative agriculture, launched its latest line of collagen peptide formulas, which are clinically proven to deliver efficacious results in as little as one day.
Key Players Profiled in the Collagen Supplement Market Report
• Ancient Nutrition
• Nitta Gelatin Inc.
• Darling Ingredients Inc.
• Koninklijke DSM N.V.
• CONNOILS LL
• Collagen Matrix
• Titan Biotech Ltd
• Protein SA
• Life Extension
• GELITA AG
• Weishardt
• Tessenderlo Group NV
• LAPI GELATINE S.p.a.
• ITALGELATINE S.p.A.
• Trobas Gelatine B.V.