Global demand for pseudo collagens is expected to reach a market valuation of US$ 3.21 billion by the end of the year 2023, accelerating at a CAGR of 8% over the forecast period (2023 to 2033). The pseudo collagen market is relatively niche and is experiencing utmost and rapid growth, driven by demand owing to factors such as increasing demand for natural and organic beauty & food products and plant-based alternatives to traditional collagen, which is typically derived from animal sources. Consumers are increasingly looking for products and brands that are against animal testing and are more environmentally friendly. The market is supported by:
North America, followed by Europe, are the major market for Pseudo Collagen owing to the higher number of population getting affected by trends in health and wellness, along with the presence of a large number of manufacturers. The key players in the sector are working on new and innovative ingredients to improve the taste of plant-based protein sources and popularity of nutritional products.
The United States of America in the North American region accounts for the highest growth owing to the increasing popularity of Pseudo Collagen, making it an attractive option for consumers who are now more educated about the benefits of plant-based alternatives.
Apart from the North American region, the expansion of the retail and foodservice industry and the increasing populations in the Asia Pacific region leading to a rise in disposable income are targeted towards massive market development. Due to this, consumers are becoming increasingly interested and are willing to pay for products made with Pseudo Collagen. Furthermore, increasing demand for natural and organic products in countries such as China and India, as well as the growing awareness of the health benefits of natural and organic alternatives to traditional products in the region.
Key producers are working on manufacturing Pseudo Collagen in order to gain a greater market share. Not just domestic players but a number of international market participants are developing and using new technology to increase commercial capacity to gain a major revenue share. Some of these companies include GELITA AG, Nitta Gelatin Inc., Weishardt Group, PB Gelatins, and Sterling Biotech Ltd.
These companies have a strong presence in the market and are adopting various strategies like focussing on product quality and pricing, developing Pseudo Collagen based products. Alongside these factors, the key players are competing on the basis of product quality, price, brand reputation, and distribution network.
For instance, SunWarrior Vegan Collagen Building Protein Peptides is a versatile supplement that is packed with beneficial, plant-based collagen builders such as biotin, vitamin C, and copper. It is intended to be consumed daily, either with food or mixed in a shake. It has a mild natural vanilla flavor that is enjoyable when mixed with oat milk. It can also be used in creative ways, such as being added to a green smoothie with fruits and vegetables, mixed in with oatmeal or applesauce. In addition to vitamin C and biotin, this plant-based collagen supplement contains a mixture of natural herbs and extracts, including fermented pea protein, fermented brown rice peptides, kale, spinach, buckthorn berries, spirulina, holy basil, sunflower seed, bamboo extract and more.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | US$ 3.21 billion |
Anticipated Market Value in 2033 | US$ 6.93 billion |
Growth Rate (2023 to 2033) | CAGR of 8% |
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The use of the pseudo collagen is in a wide number of applications ranging from skincare to makeup products and hair care. Collagen is mainly used in the cosmetic industry for an anti-aging property. Pseudo collagen is used as a replacement to collagen and is used for the same applications as that of collagen.
The use of pseudo collagen is in anti-aging creams, face masks, cleanser, toner, makeup foundation, et. In haircare, the main function of the pseudo collagen is in hair conditioner which helps in strengthening and moisturizing of the hair.
Despite the pseudo collagen being priced high, the consumers are buying these cosmetic products as the consumers are willing to pay high prices for premium products. This trend is more popular in regions such as North America, the Middle East, and Europe.
Pseudo collagen is yeast-derived collagen that is naturally derived from the inner cellular matrix of the yeast cells. The extraction from the yeast cells is a controlled process which preserves the natural structure of the glycoproteins, which helps in the moisturizing of the skin.
The development of pseudo collagen was to create a solution for the animal-derived collagen that is available in the market. Many consumers are turning vegan and the manufacturers of cosmetics and dietary supplements are catering to this ongoing demand of the consumers.
There are collagen supplements that are used by the aged population which is supposed to aid in the formation of collagen in the body normally. There are pseudo collagen supplements that are available in the market for consumers who prefer vegan products. Also, the nutritional composition is the same as that of collagen.
But the pseudo collagen supplements are priced higher as the production costs of the pseudo collagen are high as the product is still in an introductory phase.
The market for pseudo collagen and its products is very high in developed regions such as North America and Europe. This is due to the rising demographics of the vegan population that are interested in buying products that are animal-cruelty free. This has promoted the use of vegan products and ingredients such as pseudo collagen. Also, pseudo collagen along with a moisturizing complex of sugars and proteins resembles collagen completely.
The demand for pseudo collagen for the cosmetic industry is very popular in the Middle East as well. However, the demand for pseudo collagen is less than that of collagen in this region as the consumers are not very well aware of vegan products.
Nevertheless, organic pseudo collagen is high in demand in this region. The growth of pseudo collagen is expected to increase in the forecast years in East Asia owing to the rising cosmetic industry in this region. Also, the demand is expected to increase in South Asia as the manufacturers are launching new products containing pseudo collagen as one of the important ingredients.
The demand has been low due to unawareness among the consumers. But due to rising product launches, the sales are expected to increase in the upcoming years.
The key players in the global pseudo collagen market are:
The research report presents a comprehensive assessment of the pseudo collagen market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The pseudo collagen market can be segmented based on nature, form, source and end use.
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