Collagen Market Insights
Collagen is the revelation in the international cosmetics and beauty scene. Collagen is a dietary supplement used to address the deficiency of collagen in the diet. Collagen is derived from bones and skin of animals and fishes. It’s available in several forms, such as pills, powders, and drinks.
Collagen is available worldwide without medical prescription, and it’s popularity can be attributed to several health and beauty benefits associated with the ingestion of collagen. While collagen (and it’s derivatives) is widely used in the food industry, our focus in mainly on collagen supplements for cosmetic and health purposes.
Collagen Supplements, a healthy market
The global collagen supplement market was valued at $1.8 billion in 2019, and is projected to reach a staggering $3 billion by 2027, registering a CAGR of 6.9%.
If we look more closely per region, North-America was the largest market in 2019, with around 30% of global market share. While South-America, Middle-East and South-East Asia are expected to see notable growth during the forecast period. An increase in awareness about the positive effect of collagen supplementation provide notable growth opportunities in these markets.
An Aging Population
Collagen supplements are associated with several health benefits, mostly regarding anti-aging properties of the skin, bones and joints. With the general aging of the world’s population, diseases such as arthritis, rheumatism and osteoporosis are omnipresent, and growing. Making collagen supplements even more attractive for the health-conscious part of the population.
