JERSEY CITY, N.J., May 17, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Collagen Water Market- (By Source (Porcine, Chicken, Bovine, Sheep and Others), By Form (Bottled Drinks, Canned Drinks and Powdered Mixes), By Application (Food Industry, Cosmetics & Personal Care Industry, Nutraceutical Industry, Pharmaceutical Industry and Others), By Sales Channel (Modern Trade, Specialty Stores, Drug Stores, Online Retail Stores and Others), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Collagen Water Market is valued at US$4.4 Bn in 2023, and it is expected to reach US$ 6.9 Bn by 2031, with a CAGR of 5.6% during the forecast period of 2024-2031.
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Collage water is water that has collagen peptides added to it. Collagen is an animal-derived protein that is present in connective tissues, skin, and bones. The collagen in this water is absorbed practically, and there can be health benefits to that. The market is growing because the cosmetics and nutraceutical industries have grown.
Furthermore, as more people become aware of the benefits of health and beauty drinks, the demand for collagen water is rising. People are increasingly focusing on their physical attractiveness. Rising incomes in developing nations and the powerful impact of social media ads are to blame for this. Premature aging is a problem among millennials because of their busy lives and bad eating habits.
In addition to this problem, sagging skin and other skin-related difficulties are caused by the body's decreased collagen levels, which occur with age. As a result of these reasons, the desire to get younger skin is on the rise, which in turn drives the expansion of the global collagen water market.
To further broaden their customer base, prominent industry participants are concentrating on launching gluten- and lactose-free, vegan products without added sugars, preservatives, or flavorings. The collagen water market is expected to thrive during the projected period due to these factors.
List of Prominent Players in the Collagen Water Market:
- Vital Proteins
- Bulletproof
- Neocell
- Youtheory
- Reserveage Nutrition
- Health Logics
- BioCell Technology
- Great Lakes Gelatin Company
- Zint
- Ancient Nutrition
- Applied Nutrition
- BUBS Naturals
- Primal Kitchen
- Nordic Naturals
- Collagen Matrix
Market Dynamics:
Drivers-
The people who fuel the growing demand for the collagen water market are becoming more health conscious and learning about the advantages of collagen water for their skin, joints, and overall vitality. Collagen water's effectiveness and ease of use have made it a popular supplement among those looking for both aesthetic and health benefits, which has driven market growth.
Furthermore, collagen is being touted by the fitness and beauty sectors as an essential component for preserving youth and aiding in recuperation after physical exertion, adding weight to this trend. Flavored and improved collagen water variations have also increased its marketability and consumer uptake by making it more appealing to a wider audience as collagen water demand is projected to grow, and the collagen water market is poised for expansion.
Challenges:
A major obstacle is the skepticism and absence of strong scientific data that back up the health claims linked to water collagen. This can cause consumers to be skeptical and hesitant. Furthermore, consumers who are watching their pennies are put off by the higher price of collagen water when contrasted with conventional bottled water and other functional drinks. In addition, these goods' labelling and health claims can be subject to regulatory scrutiny, which could slow down the growth of the collagen water market.
Regional Trends:
The North American collagen water market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because of the growth in the millennial generation, a higher internet penetration rate, higher per capita income, and higher demand from the fashion industry.
The rising R&D activities are another factor expected to drive the collagen water market in this area over the next several years. Besides, Europe had a substantial share in the market due to the growing cosmetics sector, government programs endorsing collagen usage, fast urbanization, and innovations in food science, all factors that could lead to growth in this industry's market.
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Collagen Water Market Report Scope:
Report Attribute | Specifications |
Market Size Value In 2023 | USD 4.4 Bn |
Revenue Forecast In 2031 | USD 6.9 Bn |
Growth Rate CAGR | CAGR of 5.6% from 2024 to 2031 |
Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
Historic Year | 2019 to 2023 |
Forecast Year | 2024-2031 |
Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments Covered | By Source, By Form, By Application, By Sales Channel and By Region |
Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
Recent Developments:
- In February 2024, The Great Lakes Gelatin Company is proud to present its new line of rapidly dissolving collagen peptide compositions. The market is flooded with substances that have been proven to improve health through clinical trials, satisfying consumer demand. This gives the company a competitive advantage.
- In January 2024, BioCell launched using BioCell Collagen on a daily basis, significantly reducing the visibility of wrinkles and other signs of skin aging, according to a 12-week research. Results from this placebo-controlled, randomized clinical trial showed that women's skin became softer, crow's feet vanished, and the appearance of fine lines and wrinkles diminished.
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Segmentation of Collagen Water Market-
By Source
- Porcine
- Chicken
- Bovine
- Sheep
- Others
By Form
- Bottled Drinks
- Canned Drinks
- Powdered Mixes
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
By Region
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global Collagen Water market
- To receive industry overview and future trends of global Collagen Water market
- To analyze the Collagen Water market drivers and challenges
- To get information on the Collagen Water market size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global Collagen Water industry
Other Related Reports Published by InsightAce Analytic:
Collagen Peptides Market
Ready-to-Drink Beauty Beverage Market
Functional Beverages Market
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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