The key players operating in the Collagen Supplement Market are atistics , Collagen Supplement Market size surpassed USD 1 billion in in 2022 and is projected to expand at more than 6.5% CAGR from 2023 to 2032, driven by rising product penetration in the food & beverage sector in emerging countries. , The growing demand for collagen-based additives in food products on account of increasing knowledge of the benefits of collagen has boosted product adoption. Furthermore, the positive inclination of wellness brands in collagen for their business expansion is set to fuel product demand. For instance, in February 2022, Nestle Health, a nutritional science company under food & beverage giant Nestle SE, acquired the largest collagen production brand, Vital Protein. , The burgeoning demand for dietary supplements is also pushing industry growth. Mounting health consciousness is bolstering the adoption of alternatives to boost their immune systems. These dietary supplements help in fulfilling the average requirement of vitamins in their body. Moreover, the mounting approval of regulatory agencies is encouraging people to trust these additives, resulting in increased product sales. Recently, the U.S. FDA approved Wasabi leaf, as a new dietary ingredient that increases collagen synthesis, opening gates for domestic collagen brands to introduce vegan products. , Growth Drivers:Rising demand for dietary supplements Increasing usage of collagen supplements in food and beverages Health benefits associated with collagen supplementPitfalls & Challenges:Increase in adoption of veganism Supply chain disruption , Growing veganism trend may restrain industry progression , The gradual popularity of veganism is impeding collagen supplement market growth. The pandemic also led to a consumer behavioral shift, encouraging people to either reduce or cancel animal-based products buying. As per a report by the Vegan Society, 1 in 4 British people reduced their animal product consumption during the COVID-19 pandemic, which is expected to rise in the coming years. Nonetheless, rising awareness among industry participants regarding the demand dynamics is likely to help them launch new vegan collagen products, such as the Beauty Glow, a 100% vegan product by skincare product manufacturer ZENii London. , Booming cattle industry to propel bovine segment expansion , In terms of source, the collagen supplement market from bovine segment is slated to garner a revenue of over USD 1 billion by 2032. The easy availability and advantages of these supplements for ortho disorders, including osteoporosis and scoliosis, are promoting the demand for bovine-sourced collagen. Additionally, the booming cattle industry across the world is anticipated to stimulate segment growth. , Widespread knowledge regarding product benefits to augment collagen use in nutraceuticals , The nutraceuticals segment in the collagen supplement market is predicted to reach a valuation of USD 800 million by 2032. The surging awareness regarding the benefits of nutraceutical collagen for skin, such as strong bones, elasticity & hydration, resilience, and so on, is foreseen to foster product adoption. In a recent study, nutraceutical collagen peptides demonstrated an excellent ability to support cutaneous wound closure in Vitro, posing as a novel therapeutic approach for managing such wounds in young and elderly people. , Easy availability to help powder collagen gain traction , Powder collagen supplement market size is poised to exceed at around USD 1.5 billion by 2032. The easy availability of collagen protein in powder form as a result of prominent product launches by market players is aiding segment progression. To cite an instance, in March 2022, Pura Collagen, a collagen manufacturer, introduced its new Protect, a collagen powder with ginger and orange flavors that can be easily dissolvable and collagen-rich tissues. , Shift in e-commerce trends to amplify online stores segment revenues , In terms of distribution channel, the collagen supplement market from online stores segment is anticipated to depict nearly 8% growth rate between 2023 and 2032, attributed to more people using online shopping platforms to buy supplements in different nations across the world. As per a report in 2022, the number of online buyers reached 268 million in the United States, which is estimated to rise by 17 million by 2025. Total sales of makeup products in the US increased by 90% during the pandemic due to the e-commerce shift, which is slated to facilitate segment growth. , Expanding geriatric population to aid North America emerge as a prominent revenue pocket , North America collagen supplement market is predicted to register more than USD 950 million by 2032. The growing number of geriatric patients, especially in the U.S., has promoted the consumption of collagen supplements. According to the Population Reference Bureau, the United States has a 16% geriatric population with over 52.76 million people who are prone to chronic illnesses. Collagen activates healthy aging by providing natural protein while reducing fat and sugar, which is driving product uptake. , Substantial investment in product development to strengthen the industry outlook , Top companies operating in the collagen supplement industry are mainly engaging in rigorous R&D initiatives and partnerships to stay ahead in the competitive landscape. For instance, in August 2022, The Shiseido Beauty Innovations Fund, established by Shiseido Co, Limited, a cosmetic company, announced an investment in Trautec as a lead investor in order to boost its R&D programs and develop novel products. , Impact of COVID-19 on the collagen supplement market trends , As a result of the health-related benefits of collagen, the COVID-19 pandemic witnessed a positive consumer shift toward collagen peptides and dietary supplements to improve their immunity. The coronavirus outbreak fueled the demand for collagen supplements due to extensive stockpiling, health consciousness among consumers, and effective research innovations proving its benefits against the infection. A June 2020 study by the Illinois Institute of Technology concluded that collagen carries major histocompatibility complex (MHC) recognition or a key immunoreceptor that helps the body prevent the invasion of pathogens viruses and cancer. In addition, in the post-pandemic scenario, increased consumer access to retail stores and sales channels is set to proliferate product adoption. , KEY MARKET SEGMENTS , By Source , Bovine , Porcine , Marine , Others , By Form , Powder , Liquid/Drinks , Pills & Gummies , By Distribution Channel , Pharmacy , Specialty Stores , Online Stores , Others , By Application , Nutraceuticals , Healthcare , Cosmetics , Food , Others , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , Everest NeoCell LLC , Nestle SA , The Clorox Company , Nutraformis Limited , Shiseido Co. Limited , Optimum Nutrition Inc. , Further Food , TCI CO.LTD , Hunter & Gather , A54:B60 , Absolute Collagen , THE BOUNTIFUL COMPANY , Codeage LLC , Revive Collagen , BioTechUSA.
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