Collagen Supplement Market size is expected to surpass USD 2 billion in revenue by 2030, according to a new research report by Global Market Insights Inc.
The report identifies the surging demand for collagen as a food supplement and several health benefits associated with collagen as chief drivers for the collagen supplement industry. In a study including 53 gym-going men as test subjects, participants who took 15 grams of collagen pills, as compared to those who took the placebo pills every day for 12 weeks, witnessed increased muscle mass and strength. With collagen aided in stimulating protein quantity in muscle growth, the industry outlook is expected to remain positive through 2030.
Decent popularity In North America to drive porcine industry share
With respect to source, the study classifies the industry into bovine, marine, porcine, and others. The porcine collagen supplement segment was valued at USD 290 million in 2021 and will grow at a CAGR of over 5.5% through the forecast timeline. The decent growth of supplements made from porcine, especially in North America and Europe regions, will augment segment development. Porcine collagen supplement aids in supporting the health quality and maintaining the structure of the skin.
Rising consumer preference to push pills & gummies segment demand
The report further cites strong demand for collagen supplements in pills & gummies form, especially among women and children. It is widely popular among health enthusiasts due to the increasing demand for gummies for hair growth, skin improvement, and so forth. The collagen supplement market size from the pills & gummies segment was worth USD 160 million in 2021 and will depict the highest CAGR of 6% from 2022 to 2030.
Increasing demand for collagen supplements to drive product deployment in specialty stores
The report suggests that the collagen supplement market is divided into pharmacy, online stores, specialty stores, and others. The industry growth will be strongly supported by the specialty stores segment, which will capture a market share of over 23% by 2030. This channel has an exponential growth opportunity due to the easy availability of a variety of collagen in such stores. Moreover, a rise in the number of specialty stores on account of surging product demand will propel the segment size, slated to record a CAGR of more than 5% over the study timeframe.
Utilization in medical products to augment healthcare segment expansion
The penetration of collagen supplements in the healthcare segment will experience high demand in the forthcoming years. The rise in the use of these supplements in medicinal products, especially across developing nations, will bolster segmental growth. Additionally, a positive outlook toward healthcare products will promote the use of collagen supplements for this application. As per the report, the collagen supplement market size from the healthcare application segment will exhibit a CAGR of more than 6% through 2030.
Europe emerges as a significant revenue hub for collagen supplement industry expansion
Europe collagen supplement market size stood at over USD 330 million in 2021 and is likely to grow at a CAGR of more than 6% through the review period. The regional growth is attributed to the growing popularity of collagen supplements in the regional cosmetic industry backed by prevalent beauty trends among young adults and middle-aged women. Moreover, mounting health consciousness among people due to deteriorating lifestyles is also pushing the regional industry statistics.
Rigorous research and development programs to remain a key growth strategy
The strategic landscape of the collagen supplement market is set to experience varied product launches and research & development programs by industry players. For instance, in August 2022, Revive Collagen, a leading collagen-based skincare brand, introduced the first ever vegan liquid collagen supplement that consists of vitamin C, vitamin A, vitamin E, and Panax ginseng, which are age-proofing ingredients with antioxidant and anti-inflammatory qualities.
In April 2022, Shiseido Co. Limited, a skincare products manufacturer, discovered in a research study that M1 macrophage imbalance can affect collagen metabolism, which caused a decrease in the elasticity of the skin and induce aging in dermal fibroblasts. Some of the key collagen supplement industry players profiled in the report include The Clorox Company, Nestle SA, Absolute Collagen, Revive Collagen, Shiseido Co. Limited, Optimum Nutrition, Inc., Hunter & Gather, Further Food, TCI CO., LTD, A54:B60, The Bountiful Company, Everest NeoCell LLC, Codeage LLC, Nutraformis Limited, and BioTechUSA.