The market for plant-based collagen supplement beverages, such as kefir, is experiencing growth due to their popularity as a fermented milk drink. Made from plant-based collagen supplement grains containing mesophilic symbiotic cultures, this product offers a tangy and tart flavor similar to drinkable yogurt. The increasing consumer demand for natural and probiotic-rich beverages has contributed to the market's expansion, providing opportunities for manufacturers to cater to health-conscious individuals seeking functional and flavorful options.
According to Data Bridge Market Research the Plant-Based Collagen Supplement Market accounted for USD 5.49 billion in 2022 and is expected to reach USD 10.16 billion by 2030, registering a CAGR of 8.00% during the forecast period of 2023 to 2030.
“Growing demand of plant-based collagen supplement because of compound health benefits”
The market for plant-based collagen supplements is experiencing growth due to the increasing awareness of their health benefits. Consumers are seeking these supplements to improve skin moisture, elasticity, and reduce wrinkles. Plant-based collagen supplements stimulate the natural production of collagen in the body, promoting joint health and improving digestion. These advantages are driving the demand for plant-based collagen supplements and contributing to the growth of the market during the forecast period.
What restraints the growth of plant-based collagen supplement market?
“The availability of a wide range of low-priced synthetic supplements”
The availability of a wide range of low-priced synthetic supplements acts as a restraint for the plant-based collagen supplement market. As consumers have the option to choose cheaper synthetic alternatives, they may be less inclined to opt for plant-based collagen supplements. This pricing difference poses a challenge for manufacturers in capturing market share and highlighting the unique benefits of plant-based collagen supplements.
Segmentation: Plant-Based Collagen Supplement Market
The plant-based collagen supplement market is segmented on the basis product type, source and application.
- On the basis of product type, the plant-based collagen supplement market is segmented into gelatin, hydrolyzed collagen, and native collagen.
- On the basis of source, the plant-based collagen supplement market is segmented into hemp, soy, pea protein, others.
- On the basis of application, the plant-based collagen supplement market is segmented into food and beverages, pharmaceutical and healthcare, and others.
Regional Insights: North America Dominates the Plant-Based Collagen Supplement Market
North America dominates the plant-based collagen supplement market due to its strong presence in various end-user industries such as cosmetics, healthcare, and food and beverage. The region's revenue and market share are driven by increased consumer awareness of vegan diets and a growing trend towards vegetarianism.
Asia-Pacific is poised to experience rapid growth in the plant-based collagen supplement market. This is attributed to increased expenditure on the development of natural ingredients and significant investments in research and development activities for collagen-based products. These factors contribute to the region's potential for market expansion and growth during the forecast period..
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-plant-based-collagen-supplement-market
The Prominent Key Players Operating in the Plant-Based Collagen Supplement Market Include:
- OZiva (India)
- SENIORITY.IN (India)
- Nitta Gelatin Inc. (Japan)
- Unived (U.S.)
- SMPNutra (U.S.)
- Raw Beauty Lab (U.K.)
- Titan Biotech (India)
- Smartnutras International, LLC (U.S.)
- Rejuvenated (U.S.)
- Nutricore Biosciences Private Limited (India)
- Amway Europe (U.K.)
- Chaitanya Biologicals Pvt. Ltd (India)
- PlantFusion (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of plant-based collagen supplement market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Plant-Based Collagen Supplement Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
