Global Plant Based Collagen Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Plant based collagen sourced from modified yeast and bacteria offers a new way to address the decrease in collagen levels associated with aging without using animal derived ingredients. This product stands out for its suitability for those following vegan or vegetarian lifestyles promoting inclusivity in the health and wellness sector. Moreover the creation of these collagen substitutes has been driven by progress in biotechnology indicating a larger industry movement, towards sustainable and naturally sourced items.
Market Key Insights
- The Plant Based Collagen market is projected to grow from $7.1 billion in 2024 to $18.8 billion in 2034. This represents a CAGR of 10.2%, reflecting rising demand across Skin Care and Anti-Aging, Nutritional Supplements and Hair and Nails Nourishment.
Unived, OZiva, Raw Beauty Lab are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Plant Based Collagen market and are expected to observe the growth CAGR of 7.4% to 10.7% between 2024 and 2030.
- Emerging markets including Brazil, India and South Korea are expected to observe highest growth with CAGR ranging between 9.8% to 12.8%.
Transition like Shift towards Veganism and Sustainability is expected to add $1.7 billion to the Plant Based Collagen market growth by 2030
- The Plant Based Collagen market is set to add $11.7 billion between 2024 and 2034, with manufacturer targeting Bone Health & Digestive Health Application projected to gain a larger market share.
- With Rise in veganism, and Technological advancements in extraction processes, Plant Based Collagen market to expand 164% between 2024 and 2034.
Opportunities in the Plant Based Collagen
Plant based collagen can play a role in the expanding fitness and sports nutrition industry by offering advantages for supporting joint health and aiding in recovery after workouts – making it a promising ingredient for sports and fitness supplements that cater to consumer demands, with plant based options and potentially driving substantial market expansion.
Growth Opportunities in North America and Europe
North America Outlook
In North America's market for plant based collagen products is experiencing growth because more consumers are focusing on their health and following vegan trends Theindustry'sdevelopment is also influenced by the presence of major companies and advanced healthcare facilities The competition among manufacturers pushes them to create new and unique products which opens up promising opportunities, for growth
Europe Outlook
Europe is witnessing a rise in the popularity of plant based collagen due to the growing demand for clean label items and a heightened awareness of animal welfare issues in the market sector. Even though there is some competition in this field of products for beauty and wellness derived from plants newcomers might face issues with strict regulations. Nonetheless the increasing interest, in plant based beauty and wellness items indicates promising market prospects.
Market Dynamics and Supply Chain
Driver: Rise in Veganism, and Increased Focus on Anti-Aging Solutions
Technological progress has also made it easier to extract and process collagen, from plants in an efficient manner than before.
Restraint: Limited Consumer Awareness
Opportunity: Leveraging Veganism and Cruelty-Free Trends and Anti-Aging Skincare Products
The skincare industry is expected to experience growth in the coming years globally which presents a promising opportunity for plant based collagen in developing antiaging solutions that highlight its natural advantages such, as hydrating the skin and reducing wrinkles while enhancing elasticity This allows companies to cater to a growing consumer base looking for natural antiaging skincare options
Challenge: High Production Cost
Supply Chain Landscape
Kerry Inc
AIDP Inc
Barentz International
Koninklijke DSM N.V
Evonik Industries
Axiom Foods Inc
Geronn Biotek
Novus Life Sciences Pvt. Ltd
Kerry Inc
AIDP Inc
Barentz International
Koninklijke DSM N.V
Evonik Industries
Axiom Foods Inc
Geronn Biotek
Novus Life Sciences Pvt. Ltd
Applications of Plant Based Collagen in Skin Care & Anti-Aging, Nutritional Supplements & Hair & Nails Nourishment
The use of plant based collagen in skincare products is popular due to its age properties; it enhances skin elasticity and diminishes wrinkles compared to collagen sourced from animals, like Pacifics and 100% Pure which have incorporated this trend in their product offerings.
Plant based collagen is included in supplements to promote health and well being with a vegan friendly approach to cater to those looking for cruelty free options in products like Sunwarrior and Orgain leading the way, in this field.
Plant based collagen has found an use in hair and nail care items as well—it helps fortify hair for added strength and shine while also supporting nail growth to offer a complete beauty solution from within the plant worlds bounty of benefits! Alaffia stands out as a player, in this field with its array of hair and nail care products enriched with plant collagen.
Recent Developments
Plant Fusion increased its manufacturing capabilities to keep up with the growing need, for plant based collagen items as a result of the popularity of this product and the growing understanding of its advantages.
VeggieVictory unveiled a line of plant based collagen supplements that captured attention for its distinctive formula offering enhanced absorption and benefits, for users.