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A recent report published by Infinium Global Research on the collagen supplement market provides in-depth analysis of segments and sub-segments in the global as well as regional collagen supplement market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional collagen supplement market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global collagen supplement market. According to the report, the global collagen supplement market is projected to grow at a CAGR of 6.4% over the forecast period of 2021-2027. The market growing from nearly USD 2 billion in 2021 to about USD 3 billion in 2027.
Collagen is the foremost structural protein found in the skin and other connective tissues such as muscles, bones, and tendons in the human body. Vitamin C plays a crucial role in the formation of collagen in the human body. Collagen is used in its purified form in cosmetic surgeries. Collagens are naturally formed in our body, and as we grow old they break down and it becomes harder for the body to produce more. Collagen supplements are dietary supplements used to address the deficiency of collagen in the diet. Consumer's augmented desire to prevent premature aging is increasing the demand for collagen peptide-infused nutricosmetics, thus, driving the market studied. Product innovation in terms of flavor and format is one of the key strategies adopted by companies to sustain themselves in the competitive market.
There are many health and beauty benefits of collagen supplements such as they improve skin health and bone health which are one of the key drivers of the global collagen supplement market. A number of diseases such as arthritis, rheumatoid arthritis, and other inflammatory bone diseases, are reasons which have encouraged consumers to inculcate special supplements such as collagen supplements that will keep them healthy. Additionally, improvement in the retail infrastructure made these supplements easily available in the market which has fuelled the growth of the sales of collagen supplements and other nutraceuticals. Growing product usage for making food and beverages is anticipated to drive the demand for collagen supplements across the globe. A growing healthcare sector is likely to propel the overall growth of the collagen supplements market. However, the high cost of collagen supplements and the growing adoption of veganism act as the major restraint to the collagen supplement market growth.
The segmentation of the global collagen supplements market on the basis of regions is North America, Europe, Asia Pacific, Middle East, and Africa. North America dominates the global collagen supplements market with the largest market share. Also, in terms of revenue generation, this region is dominating the collagen market globally. On the other hand, Asia Pacific is anticipated to witness a huge growth rate in the collagen supplements market during the forecast years, owing to the rising consumption of cosmetics and healthcare products in the region. Socio-economic factors such as increasing populace, urbanization and industrialization, rising per capita income, and changing lifestyles will drive the regional market outlook.
The report on the global collagen supplement market covers segments such as form, source, and distribution channel. On the basis of form, the sub-markets include powdered supplements, capsules and gummies, drinks and shots, and other forms. On the basis of source, the sub-markets include animal-based, and marine-based. On the basis of distribution channel, the sub-markets include food & beverages, pharmaceutical healthcare, cosmetics, and others.
The report provides profiles of the companies in the market such as Gelita AG, Nitta Gelatin, Inc., Weishardt, Darling Ingredients, Nippi Inc., Vinh Hoan Corporation, Junca Gelatines, S.L., Lapi Gelatine, Gelnex, and Vital Proteins.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of collagen supplement market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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