Driven By the Rising Consumption of Collagen Supplements in Healthcare and Cosmetics Industries, the Global Collagen Supplements Market is forecasted to Cross US$ 2,000 Mn by 2028 says Ken Research Study.
Collagen is the most abundant protein in the body, containing 19 amino acids such as glutamine, arginine, proline, and glycine. Its fibrous structure is used to build connective tissue. As the collagen present depletes with age and it becomes difficult for the body to produce more, people turn to collagen supplements. Collagen supplements contain amino acids, which are the building blocks of protein, as well as some additional nutrients such as vitamin C, biotin, and zinc. The supplements have a wide range of uses in medicine and cosmetics.
“Ken Research shares 3 key insights on this high-opportunity market from its latest research study”
1. Rising Adoption of Collagen Supplements by Healthcare and Cosmetics Manufacturers is Fuelling the Market Worldwide
Collagen is widely used in cosmetic preparations. The role of collagen is to increase skin hydration and prevent skin aging. Film-forming properties of collagen materials can be modified by collagen cross-linking and blending collagen with other proteins and polysaccharides.
Collagen is used widely in cosmetic surgery and as wound healing aids in burn patients. These are used widely for the reconstruction of bone and a wide variety of dental, orthopedic, and surgical purposes. The main use of collagen for clinical application is as replacement scaffolds used as tissue fillers, and as support matrices for matrix-rich tissues. Collagen scaffolds are widely used in clinical practice for plastic and reconstructive surgery, dental, wound care, and orthopedics applications among others.
According to Ken Research Analysis, the Global Collagen Supplements Market was valued at ~US$ 900 million in 2017. It is estimated to be ~US$ 1,300 million in 2022 and is forecasted to reach a market size of ~US$ 2,000 million by 2028, growing at a CAGR of ~8% during 2022 to 2028.
2. Increasing Geriatric Population and Rising Number of Diseases Related to Joints, Provides an Opportunity for the Market Growth
Collagen forms a major component of the health supplements that are consumed mainly for facilitating and building muscles. Collagen is a key component in bones, skin, muscles, and other body parts. Bones are mostly made of collagen, so when the body ages and loses collagen, bone mass, and bone strength suffer. Adding in a collagen supplement, along with other bone-strengthening exercises and supplements, can help to prevent bone breakage.
Collagen is a protein that is found in many parts of the body, including the cartilage between bones. Since collagen is made up of amino acids, the building blocks of protein, it has been hypothesized that the body can use the amino acids in collagen supplements to protect and rebuild joint cartilage that has been damaged by osteoarthritis (OA) and rheumatoid arthritis (RA).
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Collagen type II is most often used to treat pain in osteoarthritis and rheumatoid arthritis. It is usually taken from chickens. It is said to work by causing the body to produce substances that fight inflammation, but this has not been proven. Chicken collagen contains the chemicals chondroitin and glucosamine, which may help rebuild cartilage.
According to National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), In the United States, 24% of all adults, are suffering from arthritis. It is a leading cause of work disability, with annual costs for medical care and lost earnings of $303.5 billion.
The graph below represents the prevalence of different types of arthritis:
3. High Cost of Collagen Supplements and the Growing Adoption of Veganism are the Major Challenges Faced by The Collagen Supplements Market
The changing preferences of people for a vegan diet are pushing up the demand for plant-based and vegan collagen supplements, thereby reducing the demand for bovine, porcine, and marine-based collagen supplements. Veganism has become very popular in many countries and is particularly popular in the fitness community. According to the Good Food Institute, sales of plant-based foods grew three times faster than overall food sales in 2021. Thus, with the rise in the adoption of veganism, the sales of animal products are declining.
Due to the increasing disposable income of consumers, the increasing vegan population, and increasing health concerns over the consumption of animal-derived supplements, consumers in India prefer vegan alternatives.
- As per the data provided by the PBFA and GFI, in 2020, plant-based food retail sales grew by 27% in the US over that in 2019, which was faster than the growth rate of the overall US retail market, which grew by only 15%.
- According to the People for the Ethical Treatment of Animals (PETA), about 2.5% of the US population follows a vegan diet and lifestyle. Such factors may limit market growth during the forecast period.
The graph below represents the percentage of the vegan population in different countries in the year 2020.
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