Beauty From Within US$ 2.8 Billion Collagen Supplement Market Driven by Wellness Trend Investor Insight | FMI

Collagen supplement market
Collagen supplement market

Businesses in the nutraceutical industry are catering to the growing demand for natural and organic products that promote both beauty and health. Collagen supplement market In  this market, companies with distinctive solutions that emphasise the positive correlation between wellbeing and beauty have a better chance of succeeding than companies that market goods with flimsy or fleeting aesthetic appeal. As stress, busy schedules, and pollution take a toll on them, customers are adopting better lifestyles and employing skincare products and natural health supplements to enhance their inner and outer attractiveness.

The market for collagen supplements is anticipated to grow at a compound annual growth rate (CAGR) of 6.4% and reach US$ 2.8 billion by 2032, according to Future Market Insights.

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Businesses are providing a wide range of natural and organic nutraceutical products as people seek beauty through excellent health. A collagen supplement manufacturer will be profitable over the projected term if they offer distinctive items that encourage the symbiosis of beauty and health rather than those that are only mediocrely effective and encourage fleeting cosmetic gains.

Stress, a busy lifestyle, and pollution are all having a negative effect on consumers.To offset the damage, more and more customers are adopting healthy lifestyles that involve using skin care products and all-natural health supplements that make them look and feel beautiful from the inside out. In 2022, it’s expected that demand for health supplements will rise even more as more people buy natural health and beauty goods to maintain a healthy lifestyle. The market for collagen supplements benefits from this.

Key Takeaways from Market Study

  • The market is segmented based on form, wherein the pills/gummies are anticipated to account for a lucrative share in the global market, owing to increased awareness about preventive medicines.
  • The European collagen supplements market is anticipated to dominate the global market with a market share of around 26.5% in 2022, but South Asia is expected to witness a lucrative growth rate over the forecast period.
  • On the basis of source, bovine is expected to hold a dominating share in 2022, but marine & poultry are expected to witness a lucrative growth rate over the forecast period.

 “Access to data and the keen interest of consumers in recognizing the product contents, before using it has resulted in the increase of a more briefed and proactive consumer who is well aware of the products they wish to purchase and has discovered information on the same. Companies in the health and cosmetics segment in the global market will therefore invest more in independent technology and transparency in 2022 in order to leverage the collected data and establish a strategic advantage.” says a Future Market Insights analyst.

Competitive Landscape

The use of innovative technologies such as Machine Learning and Artificial Intelligence has revolutionized every sector in the global market. Beauty companies are implementing cutting-edge software to analyze customer data patterns in order to better meet customer demands and increase profits. Furthermore, these companies are efficiently leveraging tech-enabled and social media platforms, such as smartphone apps, to educate and engage consumers about product offerings and beneficial/healthy skin habits. This trend is expected to continue in 2022. The following are some noteworthy market developments:

  • In 2019, World’s First ASC Certified Collagen Supplement Launched in Sweden by Inekogruppen

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Collagen supplements market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Collagen Supplements Market By Category

By Product Type, the Collagen Supplements Market is Segmented as:

  • Gelatin
  • Hydrolyzed
  • Native

By Form, the Collagen Supplements Market is Segmented as:

  • Powder
  • Liquid
  • Pills & Gummies

By Source, the Collagen Supplements Market is Segmented as:

  • Bovine
  • Porcine
  • Marine & Poultry

By End-use, the Collagen Supplements Market is Segmented as:

  • Nutritional Products
  • Snacks & Cereals
  • Dairy Products
  • Beverages
  • Meat & Poultry
  • Bakery & Confectionery

By Sales Channel, the Collagen Supplements Market is Segmented as:

  • B2B/Direct Sales
  • B2C/Indirect Sales
    • Modern Trade
    • Traditional Grocery Stores
    • Convenience Stores
    • Specialty Stores
    • Online Retail Stores
    • Others

By Region, the Collagen supplements Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

The report covers exhaustive analysis on:

  • How big is the collagen supplements market?
  • What is the anticipated market value of the collagen supplements market by 2032 end?
  • What is the collagen supplements market outlook?
  • Which region is expected to drive the demand for the collagen supplements market?
  • Who are the key players operating in the market?

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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