The global collagen supplement market size is estimated to be valued at around USD 1,655.7 million in 2024. The global demand for collagen supplement drinks and food items is predicted to grow at a moderate CAGR of 6.4% during the forecast period. The global collagen supplement industry share is forecast to reach a value of nearly USD 3,089.7 million by 2034.
Collagen Supplement Market Trends & Analysis
Report Attribute | Details |
---|---|
Collagen Supplement Market Size (2024) | USD 1,655.7 million |
Market Anticipated Forecast Value (2034) | USD 3,089.7 million |
Market Projected Growth Rate (2024 to 2034) | 6.4% CAGR |
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The global collagen supplement market was valued at USD 1,269.7 million in 2019. The overall market value increased at a rate of 5.99% between 2019 and 2023 culminating at a valuation of USD 1,655.7 million by 2023 end.
The pandemic affected the market by temporarily closing businesses and retail outlets. Despite this, wholesalers and exporters were been able to find new ways to increase productivity and improve safety protocols because of this pandemic. Moreover, the pandemic period emphasized the role of supplements in maintaining health and wellness of Covid-19 patients with mild symptoms.
Attributes | Details |
---|---|
Collagen Supplement Market Value (2019) | USD 1,269.7 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 5.99% CAGR |
The demand for collagen supplements is likely to be driven by a growing preference for supplements that reduce medical costs. Also, a growing middle-class population as well as the growing import demand for collagen has been facilitated by the emergence of nutritional awareness. In addition, the scientific evidence supporting the claims of the company will also be introduced which will further boost collagen supplement sales.
There is a growing demand from consumers for flavored gummies, which is expected to continue to drive the market further. As a result, increased spending on research and development activities by key players to develop collagen supplements with native fruits and ingredients is expected to strengthen the market outlook.
The table below lists the prominent countries that are figured to thrive at a lucrative CAGR in sales of collagen supplement food and beverages.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 6.2% |
Germany | 6% |
Japan | 5% |
India | 5.8% |
China | 5.4% |
The United States dominates the North American collagen supplement market and is likely to register a 6.2% CAGR through 2034.
Demand for collagen supplements in Germany is expected to grow at a rate of 6% over the forecast years.
The collagen supplement industry in China is expected to expand at a rate of 5.4% through the projected years.
Collagen sales in Japan are likely to increase at a rate of 5% per year between 2024 and 2034.
India is expected to witness the most lucrative CAGR of 5.8% for sales of collagen supplements in Asia through 2034.
On the basis of product type, gelatin collagen supplements are expected to account for 62.7% of the global market. However, the hydrolyzed collagen supplements are expected to witness a significant growth rate over the forecast period.
Attributes | Details |
---|---|
Top Product Type or Segment | Gelatin |
Total Market Share in 2024 | 62.7% |
According to FMI, pills & gummies are expected to contribute to 58.7% of the total sales in the global market. On the other hand, powder collagen supplements are expected to witness a lucrative growth rate over the forecast period.
Attributes | Details |
---|---|
Top Form Type or Segment | Pills & Gummies |
Total Market Share in 2024 | 58.7% |
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The global collagen protein supplement market is currently moderately competitive and the rivalry is expected to intense during the projected years. Key players operating in collagen supplements have limited manufacturing capacity, with product manufacturing plants located close to raw material sources, resulting in low prices of raw materials. Manufacturers are also involved in the product's distribution via vast distribution channels distributed across developed economies such as North America and Europe.
Recent Developments in the Global Collagen Supplement Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 1,655.7 million |
Projected Market Size (2034) | USD 3,089.7 million |
Anticipated Growth Rate (2024 to 2034) | 6.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); 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 | By Product Type, By Form, By Source, By End Use Verticals, B Sales Channel, and By Region |
Key Companies Profiled | Ancient Nutrition; Nitta Gelatin Inc.; Darling Ingredients Inc.; Koninklijke DSM N.V.; CONNOILS LL; Collagen Matrix; Titan Biotech Ltd; Protein SA; Life Extension; GELITA AG; Weishardt; Tessenderlo Group NV; LAPI GELATINE S.p.a.; ITALGELATINE S.p.A.; Trobas Gelatine B.V. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global collagen supplement market is estimated to be USD 1,655.7 million in 2024.
The global collagen supplement market is to grow at 6.4% during the forecast period.
The global collagen supplement market to be valued at USD 3,089.7 million by 2034.
The global collagen supplement market was valued at USD 1,269.7 million in 2019.
Gelatin accounts for nearly 62.7% share of the global collagen supplement market.
The United States to witness 6.2% CAGR in sales of collagen supplement through 2034.
Estimated Industry Size (2024E) | USD 289.5 Million |
---|---|
Projected Industry Value (2034F) | USD 689.5 Million |
Value-based CAGR (2024 to 2034) | 8.6% |
Estimated Market Size (2024E) | USD 1,594.9 million |
---|---|
Projected Market Value (2034F) | USD 2,829.3 million |
Value-based CAGR (2024 to 2034) | 5.9% |
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