The global collagen water market is estimated to propagate through market hurdles during the forecasted period to achieve a USD 10.76 billion valuation by 2034. The estimated leap is attributed to a promising CAGR of 8.3%. Further, the subject market will gain a market size of USD 4.87 billion by 2024.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 4.87 billion |
Projected Market Value in 2034 | USD 10.76 billion |
Value-based CAGR from 2024 to 2034 | 8.3% |
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The historical figures suggest that the global collagen water market propelled at a CAGR of 7.6% from 2019 to 2023. The market size increased from USD 3.57 billion to USD 4.77 billion during this period.
The increased prevalence of diseases caused by sedentary and ill-structured lifestyles surged the demand for healthy food products. A surge was observed in the pharmaceutical and food industry for such products. As an integral component of these products, collagens pushed the market during the historical period.
The lack of protein content was observed to have spiked significantly. Hence, it was essential to fill this gap with the help of relevant products. Collagen water, fulfilling the demand, resolved the patients’ complaints of joint pains. Hence, this is another important market driver.
The forecasted period is concerned with the growing cosmetic and personal care industry. The growth of the sector surges the demand for moisturizer products. Collagen, being an excellent water binder, provides better semi-solid liquids. Hence, this is likely to drive the subject market.
Historical CAGR from 2019 to 2023 | 7.6% |
---|---|
Forecast CAGR from 2024 to 2034 | 8.3% |
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Various regions actively contribute toward the development of the collagen water market. Asia-Pacific promises to be the highest-growing market in the forecasted period. Due to the emergence of new markets, new prospects for the subject market have become visible. This fuels its growth.
North America holds a significant market share, which fuels the growth of the subject market. Developed countries like Canada, the United States of America, etc. provide lucrative growth opportunities to the market. Apart from this, Europe also contributes substantially to the market progress.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR |
---|---|
Canada | 6.7% |
France | 6.2% |
Spain | 6.6% |
China | 12.8% |
India | 9.4% |
Based on the application, the cosmetic and personal care industry will secure the largest market in 2024, equalling 32.7%.
Category | Application (Cosmetics & Personal Care Industry) |
---|---|
Market Share in 2024 | 32.7% |
Market Segment Drivers |
Due to its great water-binding capacity, collagen often finds demand in preparing moisturizers, which is currently being surged., Rising skincare awareness is surging the skin care products, whose collagen is an integral part., Therefore, these factors drive the subject market segment, furling its substantial market share. |
Based on sales channels, specialty stores are estimated to secure the largest market share of 23.5% by 2024.
Category | Sales Channel (Specialty Stores) |
---|---|
Market Share in 2024 | 23.5% |
Market Segment Drivers | Due to different organizations' bolstered distribution channel network, efficient store supply of collagen water can be ensured., Apart from this, specialty stores have a better consumer reach, supporting efficient branding., Therefore, these factors drive the subject market’s sales channel segment, ensuring its significant market share. |
The global collagen water market is highly exploited, evident from its growing size. However, the presence of competitors in the competitive landscape creates a fierce competitive force.
The new entrant must innovate and develop its products to withstand the force. Moreover, it is crucial to emphasize marketing and branding strategies to gain a competitive edge.
Key marketers create a strong presence through their innovative products. Also, they use different strategies to expand in the market. Strategic collaborations, partnerships, mergers and acquisitions, global expansions, etc., are key strategic initiatives helping these businesses acquire a sustainable competitive edge.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 4.87 billion |
Projected Market Valuation in 2034 | USD 10.76 billion |
Value-based CAGR 2024 to 2034 | 8.3% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | By Source, By Form, Application, Sales Channel, Region |
Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Vital Proteins; Bulletproof; Neocell; Youtheory; Reserveage Nutrition; Health Logics; BioCell Technology; Great Lakes Gelatin Company; Zint; Ancient Nutrition; Applied Nutrition; BUBS Naturals; Primal Kitchen; Nordic Naturals; Collagen Matrix |
The collagen water market will progress at a CAGR of 8.30% through 2034.
The collagen water market will reach USD 10.76 billion by 2034.
The collagen water market will reach USD 4.87 billion by 2024.
The collagen water market's cosmetics and personal care industry segment will hold the largest, 32.7% of the market space.
The collagen water market's specialty stores segment will hold the largest, 23.5% of the market space.
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% |
Estimated Size (2024E) | USD 745.2 Million |
---|---|
Projected Value (2034F) | USD 1,297.2 Million |
Value-based CAGR (2024 to 2034) | 5.7% |
Market Size (2024) | USD 1,655.7 million |
---|---|
Market Value (2034) | USD 3,089.7 million |
Market CAGR (2024 to 2034) | 6.4% |
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