The Collagen Supplement Market is being driven by Increasing adoption of collagen supplements to improve joint conditions and support bone health
The Collagen Supplement Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1024.1 million. The global collagen supplement market remains fiercely competitive in 2024, with businesses actively pursuing strategic initiatives to solidify their market position. Mergers and acquisitions, expansion projects, and increased production capacity are key areas of focus for industry players. In the beauty and wellness sector, companies are investing in innovative product development to cater to evolving consumer preferences. Leading market participants, including Rejuvenated Ltd. and Nestle SA, are executing strategic expansions and new product launches to broaden their reach and satisfy escalating demand. Notably, Nestle SA has extended its collagen supplement offerings, reinforcing its presence in the health and nutrition industry. Moreover, there is a growing trend towards plant-based and sustainable collagen alternatives, fueled by heightened consumer consciousness and the demand for ethical and eco-friendly products.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
221 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 1024.1 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, Germany, Canada, India, UK, France, Brazil, China, Italy, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The collagen supplement market is witnessing significant growth due to increasing import demand, particularly in regions with a large middle-class population. Nutritional value awareness is a prominent factor driving this trend, with collagen supplements being sought after for their benefits in addressing rheumatoid arthritis, inflammatory bone diseases, and joint conditions. The market caters to various age groups and economic levels, with industry share expected to expand due to rising healthcare expenditures and personal care expenditures. Environmentally friendly and immune health supplements are also gaining popularity. Food innovators are introducing collagen in various forms, such as pills, gummies, and marine-based collagen, to cater to diverse consumer preferences. Health and wellness trends, skin beauty, bone health, bone remodeling, and healthy aging benefits are other significant factors fueling market growth. Amino acids, hyaluronic acid, and bone mineral density are key components of these supplements, making them essential for a healthy lifestyle. Consumer awareness and demand for natural and sustainable products are also influencing market trends. The pharmacy segment and online stores dominate the market, offering convenience and accessibility to consumers.
The collagen supplement market represents a significant segment within the larger global pharmaceuticals industry, encompassing entities involved in research and development (R&D) or production of various drug categories, including generic and non-generic medications, as well as veterinary drugs. According to Technavio, the healthcare market, which includes manufacturers and providers of pharmaceuticals, biotechnology, life sciences tools, and services, is projected to expand due to several factors. Primarily, the increasing global middle-class population, driven by rising disposable incomes and nutritional value awareness, is expected to fuel demand for preventative healthcare solutions. Additionally, the aging population, particularly in developed regions such as Europe and the US, will experience a surge due to increased life expectancy. By 2030, Europe is projected to have a similar population ratio of individuals over 60 years old as the US, which is predicted to reach nearly one-quarter of its population by 2050. This demographic shift will significantly impact the demand for healthcare products, including collagen supplements, as they are increasingly sought after for their role in addressing conditions such as rheumatoid arthritis and inflammatory bone diseases.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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