Asia-Pacific Vegan Collagen Market, By Product Type (Liquid Solutions, Serums, Gummies, Capsules, Soft Gels, Tablets, Powder, Drink Premixes, and Others), Target Health Application (Beauty Products, Memory Boost Products, Inflammation Reducing Product, Wound Healing Product, and Others), Category (Conventional and Organic), Packaging Type (Bottles, Small Jar, Cardboard Boxes, and Pouches), Distribution Channel (Store-Based Retailers and Non-Store Based Retailers), Industry Trends and Forecast to 2030.
Asia-Pacific Vegan Collagen Market Analysis and Insights
The Asia-Pacific vegan collagen market is gaining significant growth due to the increased usage of vegan collagen in various sectors. They are used in producing different types of cosmetic and healthcare products and have huge demand in the market. They also provide health benefits to humans.
The factors driving the market's growth are the growing demand for vegan collagen in the beauty industry as well as the development and production of various forms of vegan collagen in the market. The factor restraining the market's growth is the high processing and extraction cost of vegan collagen. The opportunity for growth in the market is growing research and development activities among the market players. Some factor that challenges the market is the availability of substitutes of vegan collagen that are cheaper and is expected to hamper the market growth.
Market players are more focused on new product development, partnership, and other strategies to increase market share.
Therefore, the rising standards and regulations laid by governmental bodies have to be followed by the manufacturer to sell their products into the market and to ensure the demands of consumers will boost the growth of the market. At the same time, the lack of technical expertise in small enterprises is likely to restrict the growth of the market in the region.
Data Bridge Market Research analyses that the Asia-Pacific vegan collagen market will grow at a CAGR of 25.8% during the forecast period of 2023 to 2030.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2020 - 2016) |
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Quantitative Units |
Revenue in USD Million, Pricing in USD |
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Segments Covered |
By Product Type (Liquid Solutions, Serums, Gummies, Capsules, Soft Gels, Tablets, Powder, Drink Premixes, and Others), Target Health Application (Beauty Products, Memory Boost Products, Inflammation Reducing Product, Wound Healing Product, and Others), Category (Conventional and Organic), Packaging Type (Bottles, Small Jar, Cardboard Boxes, and Pouches), Distribution Channel (Store-Based Retailers and Non-Store Based Retailers). |
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Countries Covered |
Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific. |
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Market Players Covered |
Garden of Life, Ancient+Brave, Vital Proteins LLC., Vegan Vitality UK, Igennus Healthcare Nutrition, Sunwarrior LLC., Alpha Foods BV, Comfort Click Ltd., Time Health, HERBALAND USA, Moon Juice, SUMMER SALT BODY, OZiva, Pacifica Beauty LLC, STARPOWA UK, Twinlab Consolidated, The Bainbridge Group trading as Raw Beauty Lab, Geltor, Future Kind, and Algenist. |
Market Definition
Collagen is defined as an essential amino acid and structural protein which is required for the body. It’s found in many parts of the body, including hair, skin, nails, bones, cartilage, tendons, ligaments, blood vessels, and intestines. It makes skin more elastic and bones stronger.
Vegan collagen, also known as plant-based collagen, is a dietary supplement composed of various components that boost the body's natural collagen levels. These "collagen boosters" or micronutrients are frequently found in plant-based components, such as vitamin C, zinc, and copper. These micronutrients are required for collagen production. Vegan Collagen usually includes plant-based ingredients such as spinach, kale, broccoli, Brussels sprouts, herbs, and fruit extracts.
Asia-Pacific Vegan Collagen Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
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Increased use of collagen in beauty industry
The individual mainly uses cosmetics to beautify and improve the skin, promoting attractiveness and altering the consumer's outlook. The people of developing countries are becoming more conscious of their appearance and skin health, due to which the individuals have changed their standard of living.
The individuals have started focusing on their appearances. The increase in preference of consumers for various kinds of cosmetics, especially organic cosmetics, has increased the usage of collagen products, which helps fulfill the individual preferences for the consumption of beauty products, which improves the quality of their skin and hair. Collagen products are rich in proteins that mainly provide anti-aging benefits to the skin and the smoothness that offers healthy skin for the individual. Collagen also helps repair dead skin and keeps the skin hydrated for a longer duration. With that, collagen provides elasticity to the skin. The collagen proteins are connected to create the fibroblasts. The manufacturers of various cosmetic industries prefer multiple kinds of innovations to manufacture beauty products with innovative properties that help maximize the level of consumer satisfaction at the time of usage. With the change in the standard of living, the companies manufacture various cosmetics brands with unique features or benefits that help fulfill the consumers' requirements. Consumers can get a variety of beauty products according to their requirements. The cosmetic industry is growing at a significantly faster pace with the increasing demand. Such advantages associated with collagen have propelled the manufacturers to introduce vegan collage-based beauty products in the market.
Thus, the growing cosmetics industry leads to an increase in the use of vegan collagen products to provide the unique properties of skincare products to consumers. The increasing usage of beauty products leads to an increase in the demand for collagen in the market. Though the growing use of collagen products in the beauty industry is expected to be the driver for the Asia-Pacific vegan collagen market.
Rise in demand of vegan collagen in health supplements
Health supplements refer to powders, pills, or types of drinks used to build muscle, improve overall body functions, or lose weight. Health supplements provide additional nutrition and proteins to the individual other than the standard diet. . Vegan collagen-supporting supplements contain specific plant-based ingredients rich in amino acids, vitamin C, zinc, and copper so that the body has the building blocks it needs to naturally produce its own collagen. Unlike animal-based collagen, these plant-based products get to the root issue behind the body isn't producing enough of its own collagen and give it the support it needs to boost its collagen production. The accessories are available in various forms, such as capsules, tablets, powder sachets, powders, gummies and several different forms. Vegan collagen promotes healthy skin, strong nails, and shiny hair. Boosts the production of collagen in the body, keratin, and elastin. Collagen-boosting health supplements also come in different options like keto-friendly, soy-free, gluten-free, and dairy-free for particular dietary needs. As a result, the key market players started to introduce a variety of health supplements containing vegan collagen due to the growing demand and health benefits associated with it.
Health supplements help the body to maintain overall health with an attractive physique. Thus, the increasing use of collagen as an ingredient in supplements for all age groups has maximized collagen usage, leading to an increase in the extraction of collagen in the market. So, the rising collagen as an ingredient in supplements for sports athletes in developing countries maximizes the usage of collagen and is expected to drive the Asia-Pacific collagen market.
Opportunities
Technological advancements in vegan collagen
Investments in new and innovative technology have become vital to maintaining a competitive edge in the highly competitive market. The fast growth of the sector has required the creation of new technologies for more innovative launches and a product that will benefit and ensure consumer confidence and help manufacturers. Manufacturers and scientists are continuously involved in developing vegan collagen, a compound that mimics animal collagen cells' amino acid structure that can be used in various industries. Recent advances in the field of biotechnology have enabled a greater understanding of the production of collagen with the same structure as the human body from a vegan source through genetic engineering. The variety of technological advancements helps form labs to create bio-identical vegan collagen that has a wide range of applications in various sectors. The manufacturers are undergoing massive research to develop lab-based vegan collagen.
New advancements that are made in technology improve products/services or improve the ability to market products/services. Thus, the use of the technologies can also boost market growth, which will help the manufacturers to expand Asia-Pacificly and cater to large consumers, which is expected to act as an opportunity for the Asia-Pacific vegan collagen market.
Restraints/Challenges
- Stringent regulations regarding the import of plant-based products
The world's food ecosystem has seen tremendous transformation in recent decades. To safeguard the public's health, the federal food regulation system must adapt to changes in science and technology, the advent of increasingly interconnected food supply chains, and shifting consumer preferences. There is additional potential for the introduction and spread of contaminants that could jeopardize food safety as a result of the expanding Asia-Pacific market for food commodities. The consequences of food-borne illness to nations' health and economies continue to be high, and recent food safety incidents have shown where the federal food regulation system needs to be strengthened. In order for food exporters to have access to worldwide markets and maintain their competitiveness on an Asia-Pacific scale, the framework must also keep up with prevention-focused international food safety requirements. During the import-export of plant-based products, the products need to undergo various quarantine checks and regulations that vary from country to country.
Thus stringent regulations and strict rules concerning the consumer's health and avoiding any miss leading information have made it very difficult for manufacturers to fulfill all the requirements, and it may hamper the market growth.
Post-COVID-19 Impact on Asia-Pacific Vegan Collagen Market
Post the pandemic, the demand for vegan collagen and vegan collagen products has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their processing units to manufacture vegan collagen-based products. The demand for vegan collagen in the beauty and healthcare industries has also increased, which may propel the market's growth.
The increased demand for vegan collagen enables manufacturers to produce more new products and dishes, which ultimately increases the demand for vegan collagen and has helped the market grow.
Moreover, the high demand for vegan products will drive the market's growth. Furthermore, the demand for vegan collagen as a health supplement after the COVID-19 pandemic has increased as there is rising awareness about the health benefits and high demand from the healthcare service sector resulted in market growth. Additionally, consumers' interest in new vegan products and research development is expected to fuel the growth of the Asia-Pacific vegan collagen market.
Recent Developments
- In August 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 November 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.
Asia-Pacific Vegan Collagen Market Scope
The Asia-Pacific vegan collagen market is segmented based on product type, target health application, category, packaging type, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Liquid Solutions
- Serums
- Gummies
- Capsules
- Soft Gels
- Tablets
- Powder
- Drink Premixes
- Others
On the basis of product type, the Asia-Pacific vegan collagen market is segmented into liquid solutions, serums, gummies, capsules, soft gels, tablets, powder, drink premixes, and others.
Target Health Application
- Beauty Products
- Memory Boost Products
- Inflammation Reducing Products
- Wound Healing Products
- Others
On the basis of target health application, the Asia-Pacific vegan collagen market is segmented into beauty products, memory boost products, inflammation reducing products, wound healing products, and others.
Category
- Conventional
- organic
On the basis of category, the Asia-Pacific vegan collagen market is segmented into conventional and organic.
Packaging Type
- Bottles
- Small Jar
- Cardboard Boxes
- Pouches
On the basis of packaging type the Asia-Pacific vegan collagen market is segmented into bottles, small jar, cardboard boxes, and pouches.
Distribution Channel
- Store-based retailers
- Non-store based retailers
On the basis of distribution channel, the Asia-Pacific vegan collagen market is segmented into store-based and non-store based retailers.
Asia-Pacific Vegan Collagen Market Regional Analysis/Insights
The Asia-Pacific vegan collagen market are analyzed, and market size insights and trends are provided by country, product type, target health application, category, packaging type, and distribution channel as referenced above.
The countries covered in the Asia-Pacific vegan collagen market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific vegan collagen market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to strong market players and high demand for vegan collagen products in the China region.
The region section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Vegan Collagen Market Share Analysis
The competitive Asia-Pacific vegan collagen market provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on the Asia-Pacific vegan collagen market.
Some of the major players operating in the Asia-Pacific vegan collagen market are Garden of Life, Ancient+Brave, Vital Proteins LLC., Vegan Vitality UK, Igennus Healthcare Nutrition, Sunwarrior LLC., Alpha Foods BV, Comfort Click Ltd., Time Health, HERBALAND USA, Moon Juice, SUMMER SALT BODY, OZiva, Pacifica Beauty LLC, STARPOWA UK, Twinlab Consolidated, The Bainbridge Group trading as Raw Beauty Lab, GELTOR, Future Kind, and Algenist among others.
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