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 higher chance of success than those who sell products with weak or transient aesthetic effects. Customers are adopting healthier lifestyles and using skincare products and natural health supplements to enhance their inner and outer attractiveness as stress, hectic schedules, and pollution take a toll on them.
According to Future Market Insights, the market for collagen supplements is expected to expand at a 6.4% CAGR and reach US$ 2.8 billion by 2032.
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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.
Consumers are suffering as a result of stress, a hectic lifestyle, and pollution.An increasing number of consumers are switching to a healthy lifestyle in order to counteract the effect, which includes using skin care products and all-natural health supplements that make them feel and look 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?
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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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