According to Future Market Insights (FMI) analysis, the Global Vegan Collagen Market is expected to reach US$ 150.1 million in 2024. The market is projected to expand at a CAGR of 9.1%, reaching US$ 357.7 million by 2034.
A primary driver of the vegan collagen market is the growing inclination of consumers toward functional and naturally produced components. Vegan collagen is becoming increasingly popular as people seek ethical and ecological options. This is especially applicable in the health and cosmetic market.
The development of several forms of vegan collagen, including plant-based collagen peptides and fermentation techniques, has further propelled the market’s expansion. Multiple industries are incorporating vegan collagen into their products and services to gain traction.
Vegan collagen products are becoming popular as consumers seek plant-based collagen substitutes rather than animal collagen. The market also benefits from the increased awareness and adoption of vegan & cruelty-free lifestyles.
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Applications of vegan collagen have grown over time in several industries, including food, pharmaceuticals, nutraceuticals, cosmetics, personal care, and more. In the food sector, it is used in functional food and dietary supplements to enhance the body’s nutritional deficiency and skin health.
With the increasing demand for vegan collagen in cosmetic goods, the cosmetic market makes a substantial contribution to the market’s growth. The market provides a range of product types to meet the needs of different industries and consumers, such as liquid solutions, serums, gummies, capsules, and powders. The market offers growth opportunities for international expansion in unexplored markets and the development of innovative plant-based collagen sources.
Key Takeaways from the Report-
- The global vegan collagen market is expected to reach a valuation of US$ 357.7 million by 2034.
- The market is expected to surge at a CAGR of 9.1% over the forecast period.
- The powder form is estimated to hold a market share of 75.4% in 2024.
- Germany is estimated to have a value CAGR of 10.2% during the forecast period.
- Japan is projected to surge at a CAGR of 7.5% through 2034.
“The global vegan collagen market is driven by increasing consumer preference for functional and naturally sourced ingredients in cosmetic & health supplement products. Developing several forms of vegan collagen and growing awareness & adoption of vegan and cruelty-free lifestyles are set to further fuel the market.” – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
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Competitive Landscape: Leading Players and Recent Developments in Vegan Collagen Market
Following are the leading players operating in the market. Companies are improving the quality of their products and access to wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology.
- Revive Collagen
- Golde
- Pai Skincare
- Unived
- SMPNutra
- Olena Health
- OZiva
- SENIORITY.IN
- Rejuvenated
- Raw Beauty Lab
- NUTRICORE BIOSCIENCES PVT. LTD
- HealthKart
- Your Super
- PlantFusion
- Nutricore Biosciences Private Limited
- Other Players
Launching new products can assist market players in staying competitive and accommodating the changing demands of their customer base. This allows leading companies to increase their market share while attracting new customers and retaining their existing base.
For instance,
- In 2022, Revive Collagen launched the world’s first clinically proven liquid vegan collagen supplement, which is claimed to mimic human type 1 collagen.
- In 2023, Geltor introduced NuColl™, a new vegan alternative to animal-derived collagen for global hair care applications designed to improve hair smoothness, frizz, and volume control.
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Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.
The study provides compelling insights into based vegan collagen market segment based on source (fruits, vegetables, algae and others), form (powder and liquid), application (nutraceuticals, pharmaceuticals, food industry and cosmetics), and region
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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