Market Overview:
Plant collagen is a natural protein derived from plant sources, such as fruits, vegetables, and legumes. It is widely used in the food and beverage industry as a plant-based alternative to animal collagen. Plant collagen offers various advantages, including being cruelty-free, sustainable, and suitable for vegan and vegetarian diets. The increasing preference for plant-based products, along with the rising awareness about the health benefits of collagen supplements, is driving the demand for plant collagen in the market.
Market key trends:
Amidst the growing trend of plant-based diets and the rising demand for sustainable and cruelty-free products, the plant collagen market is witnessing a significant trend of product innovation. Many key players in the market are focusing on research and development to introduce new plant collagen products that cater to a wide range of consumer needs. This includes developing collagen supplements tailored for specific health benefits, such as anti-aging, joint health, and skin elasticity. Additionally, companies are also exploring new plant sources for collagen production to diversify their product offerings. This trend of product innovation is expected to fuel the growth of the plant collagen market in the coming years.
Segment Analysis:
The Plant Collagen Market Demand can be divided into various segments based on source, form, end-use, and region. In terms of source, the dominating sub-segment is the fruits and vegetables segment. This is due to the increasing preference for plant-based products among consumers, as well as the availability of a wide variety of fruits and vegetables that are rich in collagen-forming nutrients. Additionally, the fruits and vegetables segment is expected to witness high growth due to the rising trend of veganism and the growing demand for cruelty-free products.
Key Takeaways:
The global plant collagen market is expected to witness high growth, exhibiting a CAGR of 8.5% over the forecast period from 2023 to 2030. This growth can be attributed to several factors. Firstly, there is an increasing awareness among consumers about the benefits of plant-based collagen as compared to animal-based collagen. Plant collagen is cruelty-free, sustainable, and suitable for vegans and vegetarians. Secondly, the growing trend of clean eating and natural beauty products is driving the demand for plant collagen in skincare and cosmetics industries. Lastly, the rising prevalence of health issues such as joint disorders and bone-related diseases is fueling the demand for plant collagen supplements.
In terms of regional analysis, the Asia Pacific region is expected to be the fastest-growing and dominating region in the plant collagen market. This can be attributed to the large population in countries like India and China, along with the increasing disposable income and changing lifestyles of consumers. Moreover, the Asia Pacific region has a strong cultural tradition of using natural ingredients in food and skincare products, which further boosts the demand for plant collagen.
Key players operating in the plant collagen market include Geltor, Vital Proteins, Aethic, Vegan Collagen Co., Forestwise, The Beauty Chef, Neocell, Amazing Grass, Sunwarrior, Garden of Life, Sports Research, Youtheory, Organika, Olaplex, and Purisure. These players are focused on product innovation, research and development, and strategic partnerships to gain a competitive edge in the market. Additionally, they are investing in marketing and promotional activities to create awareness about the benefits of plant collagen among consumers.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it