The global collagen supplement market is expected to show strong growth opportunities over the forecast period, with a CAGR of 2022-2032. during the forecast period was 6.4%. According to Future Market Insights, the global market is expected to grow from $1.5 billion in 2022 to $2.8 billion in 2032. The growth in the market is attributed to growing consumer awareness of the various health benefits associated with collagen supplementation, including muscle, joint and bone health, and that it is a cost-effective option, prompting consumers to opt for collagen protein. replenished at a faster rate.
Some regions have been affected by the Covid-19 pandemic. The lockdowns imposed by major countries have severely disrupted their supply chains. The pandemic has further affected the market by temporarily closing businesses and other retail stores. In addition, agricultural workers and logistics service providers have been severely affected.
While all industries have been hardest hit by the pandemic, wholesalers and exporters have been able to find new and creative ways to increase productivity and improve safety protocols due to the pandemic. The growing preference for collagen supplements is due to effective healthcare cost management. Due to these aforementioned factors, the global collagen supplement market has grown significantly and has historically grown at a significant growth rate of around 5.2%.
The rise of nutritional awareness has contributed to the growth of the middle class population and increased demand for collagen imports. This is believed to have greatly stimulated the market for collagen supplements. To stay healthy and stay safe from diseases like inflammatory bone disease, arthritis, and rheumatoid arthritis, consumers of all kinds are rushing to take collagen supplements. In addition, income level and age group play an important role in the decision to purchase a collagen supplement.
The introduction of new marketing channels, scientific evidence to support this claim, and increased consumer awareness are expected to drive sales of collagen supplements. Europe has the world’s oldest population, with one in four Europeans aged 60 or over, according to UN population data. Germany, Italy, France, Spain, Denmark and other major European countries have the highest proportion of aging populations.
Key players in collagen supplements include limited manufacturing capacity, product manufacturing plants located close to the raw material source, resulting in low raw material prices.
The North American region is expected to dominate the global collagen supplement market due to the presence of investment opportunities, coupled with growing consumer awareness of the potential health benefits of collagen supplements for skin, which has led to the horizontal integration of major collagen supplement manufacturers. products in the USA
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Post time: Dec-07-2022
