Collagen Supplements Market Trends Reflect Shift in Consumer Preferences - PowerPoint PPT Presentation

About This Presentation
Title:

Collagen Supplements Market Trends Reflect Shift in Consumer Preferences

Description:

Collagen supplements have gained significant traction in recent years as consumers increasingly prioritize skin health, joint health, and overall wellness. These supplements are formulated to support collagen production in the body, addressing various health concerns associated with aging and lifestyle factors. According to a new study by Persistence Market Research, the global collagen supplements market generated a revenue of US$ 2.3 Billion in 2023. Worldwide demand for market is set to accelerate at 6.8% CAGR and top a market valuation of US$ 4.5 Billion by 2033. This growth is driven by rising consumer awareness about the benefits of collagen, increasing disposable incomes, and a growing aging population worldwide. – PowerPoint PPT presentation

Number of Views:1
Date added: 23 May 2024
Slides: 6
Provided by: Allenppts
Category:
Tags:

less

Transcript and Presenter's Notes

Title: Collagen Supplements Market Trends Reflect Shift in Consumer Preferences


1
Market Overview Collagen supplements have gained
significant traction in recent years as consumers
increasingly prioritize skin health, joint
health, and overall wellness. These supplements
are formulated to support collagen production in
the body, addressing various health concerns
associated with aging and lifestyle
factors. According to a new study by Persistence
Market Research, the global collagen supplements
market generated a revenue of US 2.3 Billion in
2023. Worldwide demand for market is set to
accelerate at 6.8 CAGR and top a market
valuation of US 4.5 Billion by 2033. This growth
is driven by rising consumer awareness about the
benefits of collagen, increasing disposable
incomes, and a growing aging population worldwide.
Market Drivers Aging Population and Health
Concerns The global population is aging rapidly,
leading to increased incidences of age-related
health issues such as joint pain, osteoporosis,
and skin wrinkles. Collagen supplements are
viewed as effective solutions to promote skin
elasticity, joint health, and bone strength,
driving their adoption among the elderly
demographic. Beauty and Wellness Trends Collagen
supplements are increasingly popular among
consumers seeking to improve their appearance
and overall well-being. These supplements are
believed to enhance skin hydration, reduce
wrinkles, and promote hair and nail health,
aligning with the growing demand for
beauty-enhancing products. Sports and Fitness
Enthusiasts Athletes and fitness enthusiasts use
collagen supplements to support joint health and
muscle recovery after intense workouts. The
sports nutrition segment represents a
significant market opportunity as more athletes
recognize the benefits of collagen in
maintaining optimal physical performance.
2
  • Market Restraints
  • Regulatory Challenges The regulatory landscape
    for dietary supplements, including collagen
    products, varies across different regions.
    Stringent regulations regarding ingredient
    safety, labeling requirements, and health claims
    can pose barriers to market entry and expansion.
  • Allergies and Sensitivities Some individuals may
    experience allergic reactions or digestive
    sensitivities to collagen supplements, limiting
    their widespread adoption. Manufacturers need to
    address these concerns by ensuring product safety
    and transparency in labeling.
  • Environmental Concerns The production of
    collagen supplements often involves sourcing from
    animal by-products, raising environmental
    sustainability concerns. Manufacturers are
    exploring sustainable sourcing practices and
    alternative ingredients to mitigate environmental
    impact.
  • Market Opportunities
  • Expansion in Functional Foods Collagen is
    increasingly incorporated into functional foods
    and beverages, such as protein bars, beverages,
    and dietary snacks. This diversification expands
    the market reach and appeals to consumers
    seeking convenient ways to incorporate collagen
    into their daily diets.
  • E-commerce and Direct-to-Consumer Channels The
    proliferation of e-commerce platforms enables
    collagen supplement brands to reach a broader
    audience globally. Direct-to-consumer (DTC)
    models allow for personalized marketing,
    subscription services, and customer engagement,
    driving sales growth and brand loyalty.
  • Innovative Product Formulations Innovations in
    product formulations, such as hydrolyzed
    collagen peptides, multi-collagen blends, and
    vegan collagen alternatives, cater to diverse
    consumer preferences and dietary restrictions.
    These innovations open up new market segments
    and increase product adoption.
  • Read More https//www.persistencemarketresearch.c
    om/market-research/collagen- supplements-market.a
    sp
  • Market Segmentations
  • By Source Type
  • Bovine Collagen
  • Porcine Collagen
  • Marine Collagen
  • Chicken Collagen
  • Others By Form
  • Powder
  • Capsules Tablets
  • Liquid Shots

3
  • Others
  • By Application
  • Skin Care
  • Bone Joint Health
  • Muscular Strength
  • Cardiovascular Health
  • Others
  • By Distribution Channel
  • Online Retail
  • Offline Retail
  • Supermarkets Hypermarkets
  • Specialty Stores
  • Pharmacies Drugstores
  • Others
  • Regional Market Dynamics
  • North America The largest market for collagen
    supplements, driven by a well-established health
    and wellness sector, high consumer awareness, and
    a growing aging population. The region also
    benefits from strong regulatory frameworks
    supporting dietary supplement use.
  • Europe A mature market with a strong emphasis on
    beauty and anti-aging products. Increasing
    consumer demand for natural and sustainable
    products drives market growth, alongside
    innovative product offerings in functional foods.
  • Asia-Pacific Emerging as a lucrative market due
    to rising disposable incomes, increasing
    urbanization, and growing consumer awareness of
    health and beauty benefits. Countries like China
    and Japan are witnessing rapid market expansion
    in collagen supplements.
  • Key Players

4
  • Youtheory LLC
  • Bulletproof 360 Inc.
  • Further Food
  • Beneo GmbH
  • Others
  • Market Trends Latest Developments
  • Clean Label and Transparency Consumers are
    increasingly demanding clean label products with
    transparent sourcing and manufacturing processes.
    Brands that emphasize sustainability, ethical
    sourcing, and ingredient transparency gain a
    competitive advantage.
  • Personalized Nutrition Rising interest in
    personalized nutrition drives the development of
    collagen supplements tailored to specific health
    goals and dietary preferences. Customized
    formulations address individual needs, enhancing
    consumer satisfaction and brand loyalty.
  • Scientific Research and Clinical Studies Ongoing
    research on collagens health benefits,
    including joint health, skin elasticity, and
    muscle recovery, supports product efficacy
    claims. Brands investing in clinical trials and
    scientific evidence gain credibility and consumer
    trust.
  • Future Trends and Outlook
  • Plant-Based Collagen Alternatives Growing demand
    for vegan and plant-based products is fueling
    innovation in plant-derived collagen
    alternatives, such as proteins from algae, yeast,
    or bacteria.
  • Advanced Delivery Systems Advances in
    encapsulation and delivery systems improve
    collagen bioavailability and absorption rates,
    enhancing product effectiveness and consumer
    satisfaction.
  • Digital Health and Wellness Platforms
    Integration with digital health platforms and
    apps enables personalized recommendations,
    remote monitoring, and consumer education,
    enhancing user engagement and adherence to
    collagen supplementation regimens.
  • The collagen supplements market is poised for
    continued growth, driven by evolving consumer
    preferences, scientific advancements, and
    expanding market opportunities across global
    regions. Manufacturers and brands that innovate,
    adapt to regulatory changes, and prioritize
    consumer health and sustainability will thrive in
    this competitive landscape.
  • Follow Us LinkedIn Medium Twitter About
    Persistence Market Research
  • Business intelligence is the foundation of every
    business model employed by Persistence Market
    Research. Multi-dimensional sources are being put
    to work, which include big data, customer
    experience analytics, and real-time data
    collection. Thus, working on micros by
    Persistence Market Research helps companies
    overcome their macro business challenges.
  • Persistence Market Research is always way ahead
    of its time. In other words, it tables market
    solutions by stepping into the companies/clients
    shoes much before they themselves have a sneak
    pick into the market. The pro-active approach
    followed by experts at Persistence Market

5
Research helps companies/clients lay their hands
on techno-commercial insights beforehand, so
that the subsequent course of action could be
simplified on their part. Contact Us Persistence
Market Research G04 Golden Mile House, Clayponds
Lane, Brentford, London, TW8 0GU UK Email
sales_at_persistencemarketresearch.com Web
https//www.persistencemarketresearch.com
Write a Comment
User Comments (0)
About PowerShow.com