Global Collagen Supplements Market

Global Collagen Supplements Market Size, Share, Growth Analysis, By Form(Pills & Gummies, Powder and Liquid/Drinks), By Distribution Channel(Pharmacy, Online Store and Specialty Store) - Industry Forecast 2024-2031

Report ID: SQMIG30H2092 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

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Global Collagen Supplements Market size was valued at USD 2.10 Billion in 2022 and is poised to grow from USD 2.22 Billion in 2023 to USD 3.40 Billion by 2031, at a CAGR of 5.50% during the forecast period (2024-2031).

The nature of competition for the global collagen supplements market is currently fragmented with the presence of multiple players. The entry of new players is projected to further intensify the market competition during the forecast period. In order to fulfill the rising demand for collagen supplements, companies are primarily concentrating on developing new formulations. Low entry barriers and a larger market potential have led to the entry of new companies. Product development is possible in areas with high demand thanks to the rising popularity of collagen supplements. 'Amway', 'BioCell Technology LLC', 'Capsugel Belgium NV', 'CellMark Chemicals', 'GELITA AG', 'Nitta Gelatin Inc.', 'PB Leiner', 'Rousselot BV', 'Shiseido Company Limited', 'Vital Proteins LLC', 'Nutrafol', 'NeoCell Corporation', 'TCI Co. Ltd.', 'Zhejiang Huadong Medicine Co. Ltd.', 'Nippi Collagen NA Inc.', 'Collagen Matrix Inc.', 'Nature's Bounty Co.', 'Sanofi SA', 'Pfizer Inc.', 'Nestle SA'

Collagen supplements have been shown to be effective in improving bone and joint health, which has led to their increasing use as a preventive measure against bone and joint disorders.

Increasing demand for plant-based collagen supplements: As consumers are becoming more conscious of their dietary choices, there is a growing demand for plant-based collagen supplements. This has led to the development of collagen supplements made from sources such as algae, soy, and yeast.

North America held over 30% of the market in 2023, contributing significantly due to the high demand for collagen supplements in the United States and Canada. Additionally, the local older population is expanding, which stimulates market growth. The need for collagen supplements from the sports nutrition business is driving significant growth in this industry as well. The business is also predicted to experience amazing expansion over the course of the forecast period due to rising import demand and rising collagen supplement usage per capita.  

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Global Collagen Supplements Market

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