Plant Based Collagen Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Insights 2018-2033

Plant Based Collagen is Becoming Popular in Terms of Health, Rising Flexitarianism & Environmental Awareness

Plant based collagen are 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, low 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 in the diets of flexitarians who desire to minimise 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 that follow a flexitarian lifestyle are increasing at a faster rate and driving the global plant based collagen market.

Rising Geriatric Population & Demand in Sports Nutrition Sector Fuels the Plant Based Collagen Market

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, the plant based collagen becomes 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 synchronise 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, industrialisation, emerging sectors and technological advancements. Over the forecast period, both the market's size and growth are anticipated to rise.

Increasing Standards and Regulations & High Cost of Plant Based Products Pose a Threat to Market Participants

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 has 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.

Novel Innovations & Collaboration Leads to 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. Some of the major players operating in the global plant based collagen market are Revive Collagen, Geltor, Inc., VeCollal, Herbaland USA, Twinlab Consolidated Corporation, Vital Proteins LLC, Garden of Life, Ancient+Brave, 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, The Bainbridge Group trading as Raw Beauty Lab, Future Kind and Algenist.

Plant Based Collagen Market is Being Driven by the Increased Focus on Technological Developments

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 are becoming aware of its benefits and seek for plant-based alternatives to conventional collagen supplements. The technological advancements enables labs to make bio-identical plant based collagen, that 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, that is anticipated to boost the plant based collagen market.

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 plant based collagen market has been offered for all regional market share, 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 country and region included in the plant based collagen market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Plant Based Collagen Market Research Report Covers In-depth Analysis on:

·         Plant based collagen market segments

·         Plant based collagen market dynamics

·         Plant based collagen market value and share analysis

·         Recent trends, restraints, opportunities in plant based collagen market

·         Companies & competition involved plant based collagen market

·         Latest technologies in plant based collagen market

·         Supply chain and value chain plant based collagen market

·         Plant based collagen market sales and distribution strategies

Plant Based Collagen Market Growth Highlights:

·         A comprehensive overview of parent market

·         Market dynamics, demand and trends in the industry

·         Current, historical and anticipated market size in terms of volume

·         In-depth market segmentation

·         Competition landscape

·         Key strategies of leading companies and product portfolio

·         Plant based collagen industry trends and developments

·         Potential and country, regions and segments exhibiting future growth

·         A detailed viewpoint on plant based collagen market forecast by countries

·         Essential information to enhance market position