The collagen supplements market size is expected to rise due to an increased need to meet the deficiency and provide relief from joint pain. Increasing investment in R&D activities by major key players for skin care collagen supplements has bolstered the product demand at a rapid pace.
Fortune Business Insights™ has examined these responses in a research report titled, “Collagen Supplements Market, 2022-2029.”
Increase in Investment in Collagen-based Supplements Stimulated Product Demand
The consumers’ purchasing patterns shifted due to the COVID-19 pandemic, which expanded the health and wellness sector. Furthermore, the demand for collagen-based supplements from the aging population with high nutritional value that offers multiple health benefits also increased. Due to consumers’ growing awareness of maintaining physical well-being with a major focus on immunity, the leading players of collagen supplements have gained rapid momentum.
With regards to source, the market is divided into bovine, marine, poultry and others. Based on form, the industry is segregated into drinks, powder, gummies and others. With respect to distributional channel, the industry is categorized into specialty stores, pharmacies, online retails and others. In terms of geography, the market is segregated into the Middle East & Africa, Europe, South America, North America, and the Asia Pacific.
Secondary and primary sources are used to get a detailed overview of the study in a prominent way. The report’s context also considers the qualitative and quantitative approaches to achieve a detailed analysis. Meetings with the upper management, such as the board of directors and employees, have contributed to thoroughly recognizing the industry in the best possible way. For secondary resources, various press releases and journals are used to fetch the details of the industry. The report also includes a COVID-19 analysis to boost the market coverage.
Drivers and Restraints:
Trend for Collagen Supplements Bolstered Product Demand
Increased demand for functional ingredients in food products, adoption of western food habits, and changing lifestyles have driven up the collagen supplements market growth. Due to its versatile nature and increasing health and medical issues, the demand for the product in the medical and pharmaceutical sectors have risen. Also, collagen supplements are gaining popularity among bodybuilders and regular fitness enthusiasts to maintain bones and skin health. Meanwhile, the growing adoption of veganism and high product cost could hinder the market growth.
Growing Ageing Population Nurtures Product Demand in the Asia Pacific
The Asia Pacific is estimated to witness considerable growth due to the growing aging population in regions such as Japan and China, which drive the demand for collagen supplements as they help in joint pain. Furthermore, strong demand for drinks, powder and gummies across India, China and Japan will encourage leading corporations to invest in the region.
North America is expected to witness a significant rise in the collagen supplements market share due to high-end manufacturing capabilities. Another reason for the growing market is the rapid increase of clinical trials that indicates the beneficial effect of the product. Also, the growing shifting trends towards herbal life products in the region is expected to bolster the market growth.
Invest in Product Portfolio Expansion to Penetrate Market
Leading companies such as Nutrova, the Axys Nutrition Products Pvt. Ltd brand, launched collagen peptides to get a competitive edge in the marketplace. Major industry players and other stakeholders could invest in product launches, partnerships, mergers & acquisitions to get an additional lead. Developments in the business include:
April 2021: Nutrova, an India-based nutraceutical company, launched high-quality collagen peptides from poultry that fill the gap in our diet.
November 2021: Herbalife Nutrition Ltd introduced its first collagen supplement, which is 100% natural and safer.
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