Flexitarians in Germany are boosting the plant-based collagen market, with demand rising at a CAGR of 6.9% from 2024 to 2034. Vegan collagen supplements, favored for their health and sustainability benefits, are expected to account for 22% of European sales by 2034.

NEWARK, DE / ACCESSWIRE / August 8, 2024 / The Plant Based Collagen market has an estimated market valuation of USD 6.6 Billion in 2024 and is projected to grow at a CAGR of 8% to reach a market valuation of USD 11.9 Billion by 2034.

Plant based collagen market is the rising demand for sustainable beauty solutions. Consumers are increasingly opting for plant-based alternatives to traditional animal-derived collagen, driven by concerns over animal welfare and environmental impact. Plant-based collagen offers a cruelty-free option that appeals to eco-conscious consumers seeking effective skincare and wellness products without compromising on ethical values.

Plant-based collagen market lies in its expansion into functional food and beverage applications. With increasing awareness of the benefits of collagen for joint health, skin elasticity, and overall well-being, there is growing interest in incorporating plant-based collagen into dietary supplements, beverages, and functional foods. This diversification presents manufacturers with opportunities to cater to health-conscious consumers seeking convenient and nutritionally enhanced products.

Despite its growth potential, the plant-based collagen market faces challenges related to regulatory frameworks and ingredient standardization. Regulatory complexities across different regions hinder market expansion, requiring manufacturers to navigate varying approval processes and compliance standards. Moreover, ensuring consistent quality and efficacy of plant-based collagen ingredients remains a challenge, impacting consumer trust and adoption

“The plant-based collagen market is poised for substantial growth driven by increasing consumer preference for sustainable and cruelty-free beauty products. Regulatory challenges remain a barrier, but expanding into functional foods presents a promising opportunity.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights

Key takeaways from the plant based collagen market study:

• The plant based collagen market is projected to grow at a CAGR of 8% during the forecast period (2024-2034)

• The United States plant based collagen is expected to grow by 28.5% to reach a market share during the forecast period.

• Based on the end-use industry, the food and beverage segment is expected to dominate the plant based collagen industry with a 28.6% market share in 2024 however

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Who is winning?

Leading companies such as Unived, SMPNutra, Olena Health, OZiva, and SENIORITY.IN, Rejuvenated collagen products tailored for diverse applications in food and beverages, pharmaceuticals, personal healthcare, and others.

Manufacturers are mainly focused on certification and claims and launching new products

For Instance,

In June 2024, Hemp Foods Australia launched its first beauty-from-within a vegan collagen product for hair, skin, and nails to help fill the gap for plant-based options.

Plant Based Collagen Brands

Get valuable insights into the Plant Based Collagens Market:

Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Plant Based Collagen market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorizes valuable insights into the Plant Based Collagen market based on Source, Form, End-use Industry, and Region. As per source, the segment has been categorized into, Black Beans, Soy, Kidney Beans, Pumpkin Seeds, Squash Seeds, Sunflower Seeds, Chia Seeds, Pistachio, Peanut, Cashew, and Others, by form Drink, Powder, Gummies and Others also by end-use industry segment characterized into Food and Beverage, Pharmaceutical, Healthcare, and Others key Regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

Full Report Now: https://www.futuremarketinsights.com/reports/plant-based-collagen-market

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

The Plant-based Yogurt Market is on track to surpass USD 15,398.39 million by 2033, with a projected CAGR of 13.1%.

The plant-based fish feed market is valued at USD 6.8 Billion in 2021. It is set to grow at 6% CAGR through 2032 at a value of USD 12.2 Billion.

Newly released data on plant-based beef Market analysis is estimated to be valued at USD 4.1 billion in 2023 and is projected to reach USD 26.9 billion by 2033, recording a CAGR of 20.6%, in terms of value.

The global plant-based pet food market is set to expand its roots in the global market at a promising CAGR of 9.2%, while the market is anticipated to hold a revenue of USD 57.43 Billion in 2032.

The global plant-based ingredients market is expected to reach a market valuation of USD 8.5 Bn by the year 2022, accelerating with a CAGR of 12.2% by 2022-2032.

The plant-based spread market is obtaining a rising trend pattern at a 5.10% CAGR during the forecast period. The market is expected to see a surge from USD 495.46 million in 2024 to USD 813.20 million by 2034.

The global plant-based protein beverages market is predicted to achieve USD 1065.3 million in 2022. And anticipated to climb at a CAGR of 9.60% to reach an estimate of USD 2664.3 million by 2032.

Global Plant-Based Energy Drink Market sales are projected to rise at a 6.5% compound annual growth rate (CAGR) and reach a market valuation of USD 16,915.2 million by 2034.

The ingredients market for plant-based food & beverages is estimated to secure a valuation of USD 2.3 billion in 2023 and is estimated to rise to USD 9.30 billion by 2033.

The plant-based bars market is expected to expand its roots at a steady CAGR of 8.47% during the forecast period. The market is likely to hold a revenue of USD 8.05 billion in 2023 while it is anticipated to cross a value of USD 18.15 billion by 2033.

The USA plant-based creamers market value is set to increase from USD 618.5 million in 2023 to USD 1,601.4 million by 2033.

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