NEWARK, Del, May 30, 2023 (GLOBE NEWSWIRE) -- The global collagen drinks market is forecast to expand at 9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 266 million in 2023.
Collagen drinks are considered the building blocks of bouncy and youthful-looking skin. The collagen levels start declining somewhere around 25 years of age.
Aesthetic-conscious consumers are the key targets of collagen drinks merchants. Macro factors like inflating disposable income, enhancing the standard of living, and improving accessibility of collagen drinks are also complementing the market growth.
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Collagen is found in our ligaments, skin, and muscles. Thus, the reduced levels of collagen are concerning for sports enthusiasts and sports people. Due to this factor, manufacturers are doing their best to introduce collagen-enriched drinks in the market in handy packaging for gym-goers and sports people.
Consuming collagen drinks help boost skin hydration, elasticity, and strength. Leveraging this insight, the food industry is releasing collagen-boosting beverages in different and delicious flavors to increase their acceptability in the market.
As the health benefits of collagen drinks gain center stage, their sales are expected to be multifold over time. Beauty brands can be seen leveraging this trend for a significant amount of time now. The effective marketing of these drinks on popular social media platforms and brand collaborations are projected to fuel the sales of collagen drinks.
Many beauty brands like Sheishedo and VityBox are continuously releasing their distinct collagen drinks, which is a testament to the swelling excitement for products that boost skin health from within.
As per reliable sources, a substantial amount of European people is prioritizing products that have a positive, lasting impact on their overall wellness and health. Collagen drinks certainly fall under this category.
The age group of 20 to 25 is also ingesting collagen drinks as a preventative measure or at the earliest when signs of aging are just beginning to be visible. Growing awareness regarding the consumption of collagen drinks at an early stage to reap its benefits is facilitating its sales.
Top Highlights by FMI’s Expert Analysis:
- The United States collagen drinks industry acquired a 17.8% value share in 2022.
- The German collagen drinks industry is projected to hold more than 5.3% market share in 2023.
- The Japan collagen drinks industry is estimated to exceed 4.1% value share in 2023.
- The United Kingdom's collagen drinks industry is projected to pace at a CAGR of 7.6% over the forecast period.
- The Indian market is anticipated to register an 8.8% CAGR between 2023 to 2033.
- The China market is projected to expand at 5.5% CAGR over this decade.
- Female end users are expected to surpass the market share of 61.5% in 2023.
- The cosmetics and personal care industries are projected to exceed 32.4% value share in 2023.
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Innovation Watch: Key Developments in the Market
- In April 2021, Reneva Collagen Drink released a new product formulation in tandem with the launch of the green apple flavor. The collagen protein drinks category is free from any artificial color and preservatives.
- In January 2023, Collibre released Swiss collagen drinks in three different varieties and formulas (VITAL, ACTIVE, and BEAUTY) in the United States. These drinks are free from gluten and are sans preservatives.
- In September 2022, Nu Skin unveiled a collagen-containing drink for skin care.
- In August 2022, PepsiCo released two new Rockstar energy drink flavors enriched with vitamin C and collagen.
Market by Categorization:
By End User:
- Male
- Female
By Application:
- Food Industry
- Cosmetics & Personal Care Industry
- Nutraceutical Industry
- Pharmaceutical Industry
- Others
By Sales Channel:
- Modern Trade
- Specialty Stores
- Drug Stores
- Online Retail Stores
- Others
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By End-user, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By End-user, 2023 to 2033
5.3.1. Male
5.3.2. Female
5.4. Y-o-Y Growth Trend Analysis by End-user, 2018 to 2022
5.5. Absolute $ Opportunity Analysis by End-user, 2023 to 2033
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Explore FMI’s Extensive Coverage in Food & Beverage Domain:
Digestive Health Drinks Market Size: The global digestive health drinks market is expected to reach US$ 26 Billion by 2022, with sales increasing at a CAGR of 6.09% over the assessment period. As per the report, the market valuation is forecast to reach US$ 47 Billion by 2032.
Hydrolyzed Bovine Collagen Market Share: The hydrolyzed bovine collagen market is projected to register a CAGR of 5.2% during the forecast period, up from US$ 897.08 Million in 2021 to reach a valuation of US$ 1566.77 Million by 2032.
Soft Drinks Concentrates Market Growth: The Soft Drinks Concentrates Market is valued at US$ 35.2 Billion in 2022 and is projected to grow at a CAGR of 4.2% during the forecast period, to reach a value of US$ 53.1 Billion by 2032.
Organic Drinks Market Demand: Organic Drinks market is expected to grow at a CAGR of 3.4%. The market value is projected to increase from US$ 21,328.8 Million in 2022 to US$ 29,797.0 Million in 2032.
Fish Collagen Market Forecast: Fish Collagen market is expected to grow at a CAGR of 4.3%. The market value projected to increase is from US$ 1,309.3 Million in 2022 to US$ 1,994.7 Million by 2032.
Low Fat Drinks Market Value: The global Low Fat Drinks market is expected to garner a market value of US$ 70 Million in 2023 and is expected to accumulate a market value of US$ 120 Million by registering a CAGR of 6% in the forecast period 2023 to 2033.
Oat Drinks Market Volume: According to Future Market Insights research, the global oat drinks market is expected to grow at a CAGR of 7.8% through 2033. The market value is projected to increase from US$ 741.5 million in 2023 to US$ 1.6 billion by 2033.
Native Collagen Market Scope: The net worth of the market share of native collagen is predicted to grow from US$ 201.24 million in 2023 to over US$ 303.66 Million by 2033. The market is expected to register a CAGR of 4.2% from 2023 to 2033.
Energy Drinks Market Analysis: Overall demand for energy drinks is projected to grow at a CAGR of 6.0% between 2022 and 2032, totalling around US$ 125,001.16 Million by 2032.
Dietary Supplements Market Overview: The global dietary supplements market is expected to reach a market valuation of US$ 163.12 Billion by the year 2022, accelerating with a CAGR of 8% by 2022 to 2032
About Future Market Insights (FMI):
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Old Source: Collagen Drinks Market To Be Worth US$ 649.5 Million By The Year 2032 - Comprehensive Research Report By FMI
