Plant Based Collagen Market Report

Plant-based collagen is popular due to the growing need for safer, organic, and healthier supplement alternatives to animal-based products. Plant-based collagen is far better than animal collagen as it is produced in a controlled environment, that reduces the possibility of allergies. The high acceptance rate of these supplements due to its health benefits such as LDL, diabetes, blood pressure, land ow risk of heart disease and cancer have an impact on the growth of the plant-based collagen market over the forecast period.

Plant-based food products are progressively being introduced into the diets of flexitarians who desire to minimize their consumption of animal-based meals due to ethical concerns. According to American International Foods, Inc., nearly 12% of consumers in the US, follow a flexitarian diet. The percentage increases to one-fifth (20%) of the US population when vegans, vegetarians, and flexitarians are included. The growing number of vegetarian and vegan consumers are not the only ones fuelling the plant-based revolution. In fact, the number of consumers who follow a flexitarian lifestyle are increasing at a faster rate and driving the global plant-based collagen market.

Biotechnology developments have enabled the production of plant-based collagen that closely resembles the structure and function of animal collagen, making it an appealing option for consumers seeking more sustainable and ethical options. As a result, the plant-based collagen market is likely to expand in the coming years as more consumers become aware of its benefits and seek plant-based alternatives to conventional collagen supplements. The technological advancements enable labs to make bio-identical plant-based collagen, which has numerous applications in diverse industries.

Massive research is being conducted by the companies in order to generate lab-based plant-based collagen. Modern technological developments boost products/services or the ability to promote products/services. Consequently, the utilization of technology can also enhance market growth, allowing manufacturers to expand globally, which is anticipated to boost the plant-based collagen market.

• Use of innovative ingredients like seaweed, algae, etc. with high amino acid content to stimulate collagen production.
• Utilization of bioengineering to create plant-based collagen from yeast and bacteria.
• Development of new formulations that increase the bioavailability of plant-based collagen.
• Sustainable production practices including low water usage to minimize carbon footprint.
• Diverse product formats such as plant-based gummies, capsules, drinks, powders, and topical products like serums and creams.

The high processing and extraction cost of plant-based collagen, as well as the rising standards and regulations laid down by governmental bodies, are restricting the market's growth. Strict rules and regulations related to the health of the consumer and avoidance of any misleading information have made it very difficult for the manufacturers to meet all the requirements, hence hampering the growth of the market.  The availability of cheaper plant-based collagen replacements is expected to limit market expansion.

The market players are using several strategies, including product launches, collaborations, mergers and acquisitions, to contribute to the global plant-based collagen market. Leading companies in the plant-based collagen market are actively investing in R&D in order to extend its consumer base and market share by reintroducing improved products to consumers. Revive Collagen launched its plant-based collagen product "Revive Collagen Vegan" in August 2022, it is a clinically validated liquid vegan collagen alternative that identically resembles human type 1 collagen.

Revive Collagen Vegan is available in ready-to-drink raspberry-flavored sachets, each containing 2,500mg of plant-powered, scientifically designed collagen, as well as vital vitamins B, C, D, and E. VeCollal, in collaboration with AminoLabs, developed & launched an ingredient in 2022, that claims to precisely mimic the amino acid profile of human collagen. VeCollal created a "revolutionary" plant-based collagen supplement for use in nutraceuticals and functional foods. Golde launched a new beauty and wellness brand “Coconut Collagen Boost” in 2021, a plant-based alternative to skin care.

Plant-based collagen is widely used in the sports nutrition sector as its ingredients provide for more specific nutritional demands, such as plant-based protein supplements and plant-based iron supplements hence,  plant-based collagen has become popular among flexitarians and vegans. North America is a major consumer of plant-based collagen. One of the key factors for the region's growth is the increasing geriatric population. After 40 years, the body produces less collagen therefore plant-based collagen supplements can help boost collagen levels. According to the U.S. Census Bureau, about 17% of the US population is over 65 years of age and they are experiencing a wide range of health issues as a result of their eating habits and low-protein diets, so this aspect increases the demand for plant-based collagen.

Europe has a huge population of flexitarians, that provides opportunities for market players. Furthermore, the European Union's efforts to synchronize legislation and rules governing supplements are anticipated to open possibilities for European plant-based collagen manufacturers. The global plant-based collagen market is expanding as a result of rapidly rising consumer awareness, industrialization, emerging sectors, and technological advancements. Over the forecast period, both the market's size and growth are anticipated to rise.

The report provides a detailed overview of the plant-based collagen market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the plant-based collagen market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the plant-based collagen market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the plant-based collagen market. Some key countries and regions included in the plant-based collagen market report are as follows:

• Plant-based collagen market detailed segments and segment-wise market breakdown
• Plant-based collagen market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in plant-based collagen industry)
• Current, historical, and forthcoming 10 years market valuation in terms of plant-based collagen market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Plant-based collagen market demand analysis
• Plant-based collagen market pricing analysis over the forecast period (by key segment and by region)
• Plant-based collagen market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the plant-based collagen market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the plant-based collagen market
• Plant-based collagen market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on plant-based collagen market forecast by countries
• Mergers and acquisitions in plant-based collagen market
• Essential information to enhance market position
• Robust research methodology