Wilmington, Delaware, Oct. 1, 2024 (GLOBE NEWSWIRE) — Allied Market Research released a report titled: “Collagen market by source (bovine, marine, chicken and others), type (hydrolyzed collagen, gelatin and native collagen) and application (pharmaceutical, cosmetics, food and beverage and others): global opportunities analysis and industry forecast, 2024-2033″. According to the report, the collagen market was valued at $5.9 billion in 2023 and is estimated to reach $14.4 billion by 2033, growing at a CAGR of 9.5% between 2024 and 2033.
Main determinants of growth
The collagen market is mainly driven by several key factors. Rising health awareness among consumers has led to a growing demand for collagen supplements. Growing interest in functional foods and natural ingredients is further driving market growth as consumers look for products that offer health benefits and effectiveness. The increasing applications of collagen in pharmaceuticals and cosmetics are contributing to the growth of the market as collagen is mainly used in wound healing products, anti-aging creams and beauty supplements. Innovations in collagen types and formulations, such as hydrolyzed collagen and new delivery methods, are also driving market growth. Additionally, the market is supported by the increasing availability of collagen products in various retail channels, including supermarkets, specialty stores and e-commerce platforms, making these products more accessible to a broad consumer base.
Report coverage and details:
| Report coverage | Details |
| Forecast period | 2024-2033 |
| Base year | 2023 |
| Market size in 2023 | $5.9 billion |
| Market size in 2033 | $14.4 billion |
| CAGR | 9.5% |
| No. of pages in the report | 255 |
| Segments covered | Source, type, application and region. |
| Drivers | Increased health awareness |
| Expansion of applications in pharmaceutical and cosmetic products | |
| Opportunities | Innovation in collagen formulations |
| Growing demand for functional foods | |
| Restrictions | High cost of premium collagen products |
| Regulatory challenges |
Segment Highlights
The hydrolyzed collagen segment is experiencing significant growth within the collagen market due to its superior bioavailability and ease of digestion. Hydrolyzed collagen, also known as collagen peptides, breaks down into smaller molecules that are more easily absorbed by the body. This form of collagen is popular for its effectiveness in improving skin elasticity, reducing joint pain, and promoting overall health. The segment's growth is driven by growing consumer preference for effective and highly absorbable collagen supplements.
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The marine collagen segment is also seeing an increase in demand due to its high bioavailability and purity. Marine collagen, derived from the scales and skin of fish, is known for its benefits in promoting skin health and reducing signs of aging. The segment appeals to consumers looking for alternatives to bovine or porcine collagen, and its popularity is supported by the growing trend of using marine-based ingredients in beauty and wellness products.
The cosmetic sector is the leading application segment in the collagen market, driven by growing consumer demand for anti-aging and skin rejuvenating products. Collagen is a key ingredient in many beauty and skincare products due to its benefits in improving skin elasticity, reducing wrinkles, and improving overall skin health. The popularity of collagen creams, serums, masks and other beauty products reflects the growing interest in maintaining youthful, radiant skin.
Regional perspectives
North America is experiencing strong growth in the collagen market, driven by increased health awareness, a well-established retail infrastructure, and significant innovations in collagen products. The United States, in particular, is leading this growth, influenced by a large population of health-conscious consumers and a growing interest in functional foods and dietary supplements. Demand for collagen is further driven by the popularity of beauty and anti-aging products, with consumers seeking high-quality, effective collagen solutions. The region benefits from a wide range of distribution channels, including supermarkets, health food stores and online platforms, ensuring wide availability of collagen products.
Players:
- Herbalife Nutrition Ltda.
The report provides a detailed analysis of these key players in the collagen market. These players have adopted various strategies such as new product launches, collaborations, expansions, joint ventures and acquisitions to enhance their market presence and maintain competitive positions in different regions. The report highlights their business performance, product portfolios and strategic initiatives to offer insights into the competitive landscape of the market.
Recent developments
- In 2023, Collagen Solutions plc announced a strategic partnership with a leading pharmaceutical company to develop advanced collagen-based products for wound care and tissue regeneration.
- In 2022, Vital Proteins launched a new line of organic collagen powders designed to meet growing consumer demand for clean label and sustainably sourced products.
Industry trend reports:
Collagen and Gelatin Peptides Market Analysis, 2024-2034
Collagen Wraps Market Opportunities Forecast, 2023-2032
Collagen Drinks Market Analysis and Industry Forecast 2021-2030
Collagen Peptides Market: Global Opportunities Analysis, 2021-2030
Collagen Supplements Market Forecast, 2024-2033
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
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