The total revenue generated from the sales of collagen gummies globally in 2023 is estimated to be around USD 247 million. Over the forecast period, demand for collagen gummies is predicted to rise at a 4.3% CAGR. By 2033, the global collagen gummy market size is anticipated to reach USD 378 million.
Key Factors Driving Demand for Collagen Gummies and Fostering Market Growth:
Collagen Gummy Market Trends Impacting Growth:
Factors Limiting Collagen Gummy Market Growth:
Attributes | Key Insights |
---|---|
Estimated Collagen Gummy Market Revenue (2023) | USD 247 million |
Projected Market Value (2033) | USD 378 million |
Market Projected Growth Rate (2023 to 2033) | 4.3% |
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The global market for collagen gummies progressed at a compound annual growth rate (CAGR) of 4.6% during the historical period. This growth trend continued till 2022, concluding at a market value of roughly USD 211 million.
Increased health consciousness and high interest in preventive healthcare played key roles in driving demand for collagen gummies during the historical period. People showed a keen inclination towards consuming health supplements like collagen gummies, mainly due to the situation brought on by the COVID-19 pandemic.
Attributes | Details |
---|---|
Collagen Gummy Market Size (2018) | USD 176 million |
Market Size (2022) | USD 211 million |
Market (CAGR 2018 to 2022) | 4.6% |
Future Market Dynamics of Collagen Gummies
Over the forecast period, global sales of collagen gummies are projected to soar at 4.3% CAGR. By 2033, total market valuation is set to reach USD 378 million.
Attributes | Details |
---|---|
Projected Collagen Gummy Market Value (2033) | USD 378 million |
Anticipated CAGR (2023 to 2033) | 4.3% |
People's desire to postpone premature aging, as well as their growing appetite for nutricosmetics enriched with collagen peptides, is expected to drive the sales of collagen gummies. Subsequently, growing health awareness, especially across emerging nations like India, will drive collagen gummy demand.
Rising prevalence of chronic bone illnesses, such as rheumatoid arthritis and other ailments, is prompting consumers and individuals to utilize collagen to preserve their agility. This will likely boost growth of the collagen gummy market.
The table below illustrates the future projections for three leading collagen gummy markets over the next ten years. The demand for collagen gummies in the United Kingdom, like other European and North American countries, is mostly as a nutrient supplement for all age groups.
Meanwhile, the sales of nutrient-packed collagen gummies in emerging economies, such as China and India, are increasing as a medicinal product for the growing old age population. Hence, these emerging markets are expected to offer lucrative revenue-generation opportunities for collagen gummy manufacturers and suppliers.
Countries | CAGR (2023 to 2033) |
---|---|
United Kingdom | 5.6% |
India | 6.2% |
China | 6.1% |
The United Kingdom is expected to remain one of the key markets for collagen gummies across Europe. This is due to growing popularity of gummy supplements, rising health consciousness, and other factors.
Gummy supplements, including collagen gummies, are becoming highly popular across the United Kingdom. This is due to their convenient and palatable nature.
People who are reluctant to take traditional tablets or capsules find collagen gummies attractive. This is expected to drive demand for collagen nutraceuticals and boost growth of collagen gummy market in the United Kingdom.
The presence of several renowned collagen gummy companies exporting collagen peptide gummies to other European continents is expected to further boost the United Kingdom market. As per the latest analysis, sales of collagen gummies in the United Kingdom are expected to rise at a 5.6% CAGR through 2033.
China collagen gummy market is projected to thrive at 6.1% CAGR during the assessment period. It will likely hold a prominent share of the East Asia collagen gummy market by the end of 2033.
Several factors are expected to drive demand for collagen gummies in China and boost market growth over the forecast period. These include rising health and wellness trends, increasing spending on health supplements, and favorable government support.
Extensive cultivation of seaweeds or kelps has always supported a higher production of marine collagen gummies in the country. So, an increase in the production of seaweeds by smaller farmers with government support is expected to further strengthen the market in the coming days.
India collagen gummy market is poised to exhibit a CAGR of 6.2% during the assessment period. It is set to emerge as a highly lucrative market for collagen gummy companies owing to growing awareness of collagen benefits, rising health awareness, and increasing sales of edible collagen products.
India, with a huge base for pharmaceutical export industries, could provide some lucrative growth opportunities for producers of biotin and collagen gummies. Further, the rising awareness regarding the health benefits of collagen-boosted candies is expected to increase the domestic demand for collagen gummies in the coming days.
Key collagen gummy manufacturers and suppliers will also look to use celebrity endorsements for educating people about the health benefits of their products. This will improve India’s collagen gummy industry share through 2033.
Below section shows the berry flavored collagen gummies segment dominating the global market. It is anticipated to account for a revenue share of 34.0% in 2023.
Based on functionality, promoting skin health segment is set to hold a prominent value share of 24.0% in 2023. By sales channel, drug stores and pharmacy stores segment will likely hold a market share of 34.0% in 2023.
Attributes | Details |
---|---|
Top Flavor Type | Berry |
Market Share in 2023 | 34% |
Among the different flavors of collagen gummies available in the market, demand is expected to remain high for berry flavored collagen gummies during the forecast period. The target segment is projected to contribute to 34% of sales in 2023.
Excellent taste and health benefits are a few of the key factors making berry-flavored collagen gummies popular. Thanks to the sweet and tart nature of berry flavors, they can help to mask the taste of collagen. The presence of antioxidants in berry flavors also makes them attractive.
Companies supplying collagen-infused confections are investing positively in the research and development of new flavors to attract more consumers. For instance, the introduction of many rare flavors, especially berry ones, obtained from tropical fruits is expected to alter the edible collagen gummy market in the coming days.
Attributes | Details |
---|---|
Top Functionality Type | Promoting Skin Health |
Market Share in 2023 | 24% |
Based on functionality, the use of collagen for promoting skin health is set to capture around 1/4th of the worldwide demand for collagen gummies in 2023. This is due to growing awareness about the potential benefits of collagen in improving skin health.
Natural collagen gummies are gaining a wide reputation for their beneficial effects on skin health. This is the main reason for their higher sales. Growing demand for chewable collagen products for skin health will boost segment growth.
People, especially women, are spending huge amounts on skin supplements like collagen gummies to improve their skin health. This will continue to boost the target segment during the forecast period.
On the other hand, joint-health gummies and collagen gummies for hair & nails are expected to witness significant growth. This is attributable to rising demand for hair and joint care collagen gummies.
Because of the growing use of collagen and elastin gummies as nutritional supplements, drug stores and pharmacy stores currently hold a greater market share. As per the latest findings, around 34% of collagen gummies are expected to be sold through drug pharmacy stores in 2023.
Besides drug stores and pharmacy stores, online retail channels have emerged as a successful distribution channel for delicious collagen supplements, including collagen gummies. Hence, the online retail channels segment is expected to grow significantly through 2033.
Attributes | Details |
---|---|
Top Sales Channel Type | Drug Stores and Pharmacy Stores |
Market Share in 2023 | 34% |
The overall market for collagen gummies is relatively consolidated as few market players have acquired sufficient trust from consumers in producing natural collagen gummies. However, the increasing sales of hair, skin, and nail gummies over online retail channels have created huge opportunities for lesser-known brands as well.
The establishment of the collagen gummy industry is expected to proliferate with a growing focus on food processing industries and extensive marketing of processed collagen supplements. Also, the entry of market players in the pharmacy sector for the production and supply of collagen gummies under their brand names could further diversify the market.
Key manufacturers of collagen gummies are using strategies like celebrity endorsements to woo more and more customers. They will also look to use social media platforms to educate people about collagen supplements and their health benefits.
Recent Developments in the Global Collagen Gummy Market:
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Attribute | Details |
---|---|
Estimated Value (2023) | USD 247 million |
Projected Value (2033) | USD 378 million |
Expected Growth Rate (2023 to 2033) | 4.3% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | Flavor Type, Source, Functionality, Sales or Distribution Channel, and Region |
Key Companies Profiled | Vital Protein Co., Ltd.; Gelita AG; Neocell Co., Ltd.; Nature’s Bounty; Youtheory Co., Ltd.; Carbamide Forte; Be Bodywise Inc.; Nature Made Inc.; Vitafusion Co., Ltd.; Power Gummies Inc. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global collagen gummy market value is set to reach USD 247 million in 2023.
Global sales of collagen gummies are expected to grow at 4.3% CAGR through 2033.
The collagen gummy market size is projected to reach USD 378 million in 2033.
Vital Protein, Neocell, and Gelita AG are the leading collagen gummy suppliers.
Nature’s Way Alive, Hair, Skin, and Nails, HUM Glow Sweet, Olly Glowing Skin, and Others.
The United States accounted for about 30% of the global market revenue in 2022.
India collagen gummy market is set to grow at 6.2% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Global Market Demand (in Value (USD Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Flavor Type 6.1. Berry 6.2. Citrus 6.3. Tropical 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Functionality 7.1. Promoting Skin Health 7.2. Supporting Hair and Nail Health 7.3. Joint Health 7.4. Wound Healing 7.5. Bone Health 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 8.1. Bovine 8.2. Porcine 8.3. Marine & Poultry 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 9.1. Hypermarkets/Supermarkets 9.2. Convenience Stores 9.3. Specialty Retail Stores 9.4. Drug Stores and Pharmacy Stores 9.5. Online Retailers 9.6. Other Channels 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Vital Protein 20.2. Gelita AG 20.3. Neocell 20.4. Nature's Bounty 20.5. Youtheory 20.6. Carbamide Forte 20.7. Be Bodywise 20.8. Nature Made 20.9. Vitafusion 20.10. Power Gummies 20.11. (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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