The global vegan collagen market is experiencing remarkable growth due to several positive factors. The rising adoption of plant-based lifestyles and the increasing awareness of ethical and sustainable choices drive the market. Vegan collagen offers a cruelty-free alternative to animal-derived collagen, appealing to a broader consumer base. Moreover, advancements in plant-based technologies and innovative ingredient formulations enhance product quality and efficacy. The beauty and personal care industries are witnessing a surge in demand for vegan collagen products, presenting lucrative opportunities for manufacturers and contributing to the market's expansion.
According to Data Bridge Market Research, the Global Vegan Collagen Market is expected to grow at a CAGR of 25.2% during the forecast period of 2023 to 2030.
"Growing demand for plant-based products surge market demand"
The growing demand for plant-based products is fueled by consumers' increasing adoption of plant-based diets and lifestyles. As individuals become more conscious of ethical and environmental concerns, they seek cruelty-free and sustainable alternatives to traditional animal-derived products. Vegan collagen products offer a plant-based solution for those looking to support their skin and joint health without relying on animal sources. This rising consumer preference for plant-based options drives the demand for vegan collagen products in the market.
What restraints the growth of the global vegan collagen market?
" Limited efficacy perception can impede the market growth”
The restraint of limited efficacy perception arises from consumers' belief that plant-based collagen may not offer the same benefits as collagen derived from animal sources. Some individuals may associate animal-derived collagen with superior skin, hair, and joint health effects, leading to reluctance in trying vegan collagen products. This perception can hinder the widespread adoption of vegan collagen in the market, despite its potential benefits and ethical advantages.
Segmentation: Global Vegan Collagen Market
The global vegan collagen market is segmented on the basis of product type, target health application, category, packaging type, and distribution channel
- On the basis of product type, the global vegan collagen market is segmented into liquid solutions, serums, gummies, capsules, soft gels, tablets, powder, drink premixes, and others.
- On the basis of target health application, the global vegan collagen market is segmented into beauty products, memory boost products, inflammation reducing products, wound healing products, and others.
- On the basis of category, the global vegan collagen market is segmented into conventional and organic.
- On the basis of packaging type the global vegan collagen market is segmented into bottles, small jar, cardboard boxes, and pouches.
- On the basis of distribution channel, the global vegan collagen market is segmented into store-based and non-store based retailers.
Regional Insights: North America dominates the Global Vegan Collagen Market
North America's dominance in the global vegan collagen market is expected to persist due to several factors. The region houses strong market players with innovative product offerings, driving market growth and consumer adoption. Additionally, North America's growing awareness of ethical and sustainable choices has fueled the demand for cruelty-free and plant-based alternatives, boosting the popularity of vegan collagen products. These combined factors position North America to maintain its leading position in market share and revenue during the forecast period.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-vegan-collagen-market
Recent Developments in Global Vegan Collagen Market
- In 202, Revive Collagen, the top-selling premium liquid collagen supplement company in Europe, raised the bar for ready-to-drink collagen supplements by introducing a vegan version to its lineup. A healthy amount of an adult's daily recommended consumption is provided by Revive Collagen Vegan, which is available in 22ml ready-to-drink raspberry-flavored sachets together with essential vitamins B, C, D, and E. Customers can anticipate seeing improvements in their skin, hair, nails, and general wellbeing in about 4 to 8 weeks with continuous daily use.
- In 2022, Belgian startup VeCollal developed a “revolutionary” vegan alternative to animal collagen supplements for use in nutraceuticals, and Functional foods. VeCollal, developed in partnership with TCI, has been demonstrated through in vitro study to boost collagen secretion by 134.97% and to stimulate the body's fibroblast cells to produce collagen.
The Prominent Key Players Operating in the Global Vegan Collagen Market Include:
- Garden of Life (U.S.)
- Ancient+Brave (U.K.)
- Vital Proteins LLC (U.S.)
- Vegan Vitality (U.K.)
- Igennus Healthcare Nutrition (U.K.)
- Sunwarrior LLC (U.S.)
- Alpha Foods BV (Netherlands)
- Comfort Click Ltd. (U.K.)
- Time Health (U.K.)
- HERBALAND USA (U.S.)
- Moon Juice (U.S.)
- SUMMER SALT BODY (Australia)
- OZiva (India)
- Pacifica Beauty LLC (U.S.)
- STARPOWA U.K. (U.K.)
- Twinlab Consolidated (U.S.)
- The Bainbridge Group trading as Raw Beauty Lab (Australia)
- Geltor (U.S.)
- Future Kind (U.S.)
- Algenist (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global vegan collagen market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Vegan Collagen 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.
