Collagen Supplement is Expected to Showcase a CAGR Of 8.2% Due to the Increasing Demand for Smart Home Energy Management System| Univdatos Market Insights
According to a new report published by UnivDatos Markets Insights, the Collagen Supplement Market was valued at USD 1.8 billion in 2022 & is expected to grow at a CAGR of 8.2% from 2022-2030. The analysis has been segmented into Form (Pills & Gummies, Powder, Drinks, and Others); Distribution Channel (Pharmacy, Online Store, and Specialty Store); and Region/Country.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 – https://univdatos.com/report/collagen-supplement-market/get-a-free-sample-form.php?product_id=41420
The collagen supplement market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the collagen supplement market. The collagen supplement market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the collagen supplement market at the global and regional levels.
Key Market Dynamics
The rising prevalence of joint disorders such as osteoarthritis, rheumatoid arthritis, and gout is a significant factor driving the growth of the collagen supplement market. Collagen is a vital protein that makes up most of the body's connective tissue, including joints, tendons, and ligaments. It is responsible for maintaining joint flexibility, strength, and overall joint health. As people age, their bodies produce less collagen, leading to an increased risk of joint disorders. The collagen supplement market is expected to grow significantly over the next few years, driven by the increasing demand for natural and effective joint health solutions. Collagen supplements are available in various forms, including capsules, powders, and liquids, and can be taken orally or applied topically. They are also used in various medical applications, such as wound healing and skin regeneration.
COVID-19 Impact
The COVID-19 outbreak is impacting the value chain with production facility closures, transport restrictions, and border closures across countries. This had a moderate impact on the collagen market. The coronavirus outbreak around the world has increased the demand for nutraceuticals and dietary supplements to boost immunity, positively impacting the growth of the industry. According to the World Health Organization (WHO), maintaining a good and healthy immune system may help in early recovery from viruses such as coronavirus. Moreover, due to increasing health concerns due to pandemics, consumers now focus on healthy supplements.
The global collagen supplement market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on form, the market is segmented into pills & gummies, powder, drinks, and others. The powder category is to witness higher CAGR during the forecast period.
· On the basis of distribution channel, the market is categorized into pharmacy, online store, and specialty store. Among these, the online store held a significant share of the market in 2022.
Collagen Supplement Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific)
· Rest of the World
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing middle-class population, rising disposable incomes, and increasing health consciousness among consumers. In countries like China and Japan, where traditional beauty and health practices have deep roots, there is a cultural inclination towards consuming collagen-rich foods and supplements for skin health and anti-aging purposes. Further, the growth of the beauty & wellness industry in Asia Pacific countries, especially in South Korea and Japan, is driving the demand for collagen across the region. For instance, in August 2019, Advanced Protein Technology, under the Nutra Collagen brand, launched a new line of instantized collagen products called Collagen+.
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Collagen Supplement Market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
· Nestlé Health Science China opened a Vital Proteins flagship store on Tmall in May 2021. Its goal is to inform Chinese consumers about the positive effects that collagen supplements have on skin, immunity, joint health, and sports performance. Through cross-border e-commerce on Tmall, the two vital protein products original collagen peptides powder unflavored and marine collagen powder unflavored can be purchased in China.
· In June 2020, Nestle Health Science acquired a larger stake in Essential Proteins, a main collagen brand and a way of life and health stage offering enhancements, refreshments, and food items.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the collagen supplement market?
• Which factors are influencing the collagen supplement market over the forecast period?
• What are the global challenges, threats, and risks in the collagen supplement market?
• Which factors are propelling and restraining the collagen supplement market?
• What are the demanding global regions of the collagen supplement market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Click Here To View the Report Description & TOC - https://univdatos.com/report/collagen-supplement-market/
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