According to the Market Statsville Group (MSG), theglobal collagen supplement market was valued at USD 2,026.8 million in 2021 and is projected to reach USD 3,694.9 million by 2030, registering a CAGR of 6.9% during the study period (2022-2030). Collagen supplements are popular among weightlifters and regular fitness enthusiasts as they help them to maintain the health of the skin and bones. The collagen supplement market's growth can be attributed to the rise in diseases such as rheumatoid arthritis, arthritis, and other inflammatory bone diseases, which has encouraged consumers to inculcate special supplements to keep themselves agile.
In addition, the easy availability of supplements owing to the improvement in retail infrastructure has been beneficial to the sales of nutraceuticals. However, collagen supplement's high cost and the growing adoption of veganism act as the major restraint of the market.
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Collagen supplements fall in the category of products that are purchased by consumers frequently. Therefore, the demand for such products remains consistent among customers. However, the outbreak of the coronavirus has very marginally affected the growth of the collagen supplement market across the globe. This decline in the growth of the collagen supplement market is majorly attributed to the disruption of the supply chain and halt in the production and processing of supplements due to social distancing being practiced around the world.
Global Collagen Supplement Market Definition
Collagen supplements symbolize as dietary supplements used to address collagen deficiency in the diet. The supplement is usually derived from the bones and skin of animals and fishes. It comes in various including pills, gummies, powder, forms, and drinks.
Global Collagen Supplement Market Dynamics
Drivers: Changes in lifestyle and growing demand for good-for-you products