The global collagen supplement market is expected to experience significant growth in the coming years due to the rising popularity of these supplements among consumers. According to a recent research report, the market is expected to grow at a compound annual growth rate (CAGR) of over 6% during the forecast period of 2021-2026.
The report highlights that the increasing awareness about the health benefits of collagen supplements, such as improving skin health, joint health, and reducing signs of aging, is driving the demand for these products. Additionally, the rising prevalence of bone and joint disorders among aging populations is further boosting the market growth.
The report also indicates that the market is witnessing a shift towards the use of collagen supplements in various forms, such as powders, capsules, tablets, and gummies. The powders segment is expected to dominate the market, owing to their easy availability and cost-effectiveness.
Geographically, the Asia Pacific region is expected to witness the fastest growth rate during the forecast period, owing to the rising disposable income of consumers and increasing health consciousness among them. The report also notes that North America and Europe are expected to remain the largest markets for collagen supplements, owing to the high awareness about their benefits and high disposable incomes of consumers in these regions.
In terms of key players, the report highlights that the market is highly fragmented, with several small and large players operating in the industry. Some of the prominent players in the market include Amway, Nestle, Vital Proteins, Gelita AG, and Nippi Inc.
Overall, the report provides a comprehensive analysis of the global collagen supplement market, including market trends, growth drivers, challenges, and opportunities. It is expected to serve as a valuable resource for industry stakeholders and investors looking to make informed decisions.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.