Collagen Supplement Market : Current Analysis and Forecast (2022-2030)
Emphasis on Form (Pills & Gummies, Powder, Drinks, and Others); Distribution Channel (Pharmacy, Online Store, and Specialty Store); and Region/Country
The collagen supplement market was valued at USD 1.8 billion in the year 2022 and is expected to grow at a strong CAGR of around 8.2% during the forecast period owing to the growing awareness of health and wellness and increasing beauty and anti-aging trends. Moreover, the rising emphasis on self-care and preventive healthcare, coupled with a growing desire for natural and holistic approaches, has led to increased consumer demand for collagen supplements. Additionally, advancements in research and technology have expanded the understanding of collagen’s benefits, fostering confidence among consumers. Furthermore, the influence of social media influencers, celebrities, and wellness advocates has popularized collagen supplements and created a significant market trend. For instance, on 25 May 2022, MD Logic Health, U.S.-based natural health, and nutrition supplement manufacturing company launched marine collagen with a special blend of co-factors including vitamins A, C, zinc, copper, and biotin. The expanding aging population increased disposable incomes, and the preference for beauty and anti-aging products further fuel the market growth for collagen supplements.
Some of the major players operating in the market include Optimum Nutrition; Renew Life Formulas, LLC.; Nature’s Bounty; Codeage LLC; The Clorox Company; Shiseido Company, Limited; Hunter and Gather Foods; Vital Proteins LLC; TCI CO., LTD.; BioTech USA Kft Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst form, the pills & gummies category held a dominating share of the market in 2022”
Based on form, the market is segmented into pills & gummies, powder, drinks, and others. Amongst these, the pills & gummies category dominated the market in 2022. Pills and gummies have several advantages over other collagen supplement forms, such as powders and capsules. They are more convenient to take, as they can be easily swallowed without the need for water or special mixing. Additionally, pills and gummies are more easily accessible to a wider range of people, including those who have difficulty swallowing pills or who have aversions to certain textures. This can help increase the overall market size and reach a larger customer base.
“Amongst distribution channel, the pharmacy category held the majority share of the market in 2022”
By distribution channel, the market is bifurcated into pharmacy, online store, and specialty store. Among these, the pharmacy category captured the majority share of the collagen supplement market in 2022. This is because pharmacies serve as trusted sources of health and wellness products, making them convenient points of purchase for consumers seeking collagen supplements. With their wide reach and established customer base, pharmacies provide easy access to collagen supplements and offer expert advice from pharmacists, further boosting consumer confidence and increasing sales. Moreover, pharmacies often collaborate with healthcare professionals, enabling them to recommend collagen supplements to patients, thereby expanding market opportunities.
“North America Dominated the Collagen Supplement Market in 2022”
North America has a significant focus on health and wellness, with consumers increasingly seeking natural and holistic approaches to improve their overall well-being. The rising awareness of collagen’s benefits in promoting skin health, joint support, and anti-aging properties has led to a surge in demand for collagen supplements. Additionally, the aging population in North America presents a significant market opportunity as collagen production decreases with age, leading to various age-related concerns. Furthermore, the presence of well-established manufacturers, extensive distribution networks, and the influence of social media influencers and wellness trends contribute to the growth of the collagen supplement market in the region.
Collagen Supplement Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global collagen supplement market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Collagen Supplement Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Collagen Supplement Market were the three major steps undertaken to create and analyze the adoption of smart homes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Collagen Supplement Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Collagen Supplement Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Collagen Supplement Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as form and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Collagen Supplement Market. Further, we conducted factor analysis using dependent and independent variables such as form and distribution channel of the Collagen Supplement Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Collagen Supplement Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Collagen Supplement Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Collagen Supplement Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Collagen Supplement Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Collagen Supplement Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the form and distribution channel in the global Collagen Supplement Market.
The Main Objective of the Global Collagen Supplement Market Study
The current & future market trends of the global Collagen Supplement Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Collagen Supplement Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the form and distribution channel.
- Define and analysis of the regulatory framework for the smart home
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Collagen Supplement Market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Collagen Supplement Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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