North America Vegan Collagen Market – Industry Trends and Forecast to 2030

North America Vegan Collagen Market Analysis and Insights

The North America vegan collagen market is gaining significant growth due to the increased usage of vegan collagen in various sectors. They are used in producing different types of cosmetic and healthcare products and have huge demand in the market. They also provide health benefits to humans.

The factors driving the market's growth are the growing demand for vegan collagen in the beauty industry as well as the development and production of various forms of vegan collagen in the market. The factor restraining the market's growth is the high processing and extraction cost of vegan collagen. The opportunity for growth in the market is growing research and development activities among the market players. Some factor that challenges the market is the availability of substitutes of vegan collagen that are cheaper and is expected to hamper the market growth.

Market players are more focused on new product development, partnership, and other strategies to increase market share.

Therefore, the rising standards and regulations laid by governmental bodies have to be followed by the manufacturer to sell their products into the market and to ensure the demands of consumers will boost the growth of the market. At the same time, the lack of technical expertise in small enterprises is likely to restrict the growth of the market in the region.

Data Bridge Market Research analyses that the vegan collagen market in North America is expected to reach a value of USD 1,136.58 million by 2030, at a CAGR of 24.0% during the forecast period.

Market Definition

Collagen is defined as an essential amino acid and structural protein which is required for the body. It’s found in many parts of the body, including hair, skin, nails, bones, cartilage, tendons, ligaments, blood vessels, and intestines. It makes skin more elastic and bones stronger.

Vegan collagen, also known as plant-based collagen, is a dietary supplement composed of various components that boost the body's natural collagen levels. These "collagen boosters" or micronutrients are frequently found in plant-based components, such as vitamin C, zinc, and copper. These micronutrients are required for collagen production. Vegan Collagen usually includes plant-based ingredients such as spinach, kale, broccoli, Brussels sprouts, herbs, and fruit extracts.

North America Vegan Collagen Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:

Drivers

• Increased use of collagen in beauty industry

The individual mainly uses cosmetics to beautify and improve the skin, promoting attractiveness and altering the consumer's outlook. The people of developing countries are becoming more conscious of their appearance and skin health, due to which the individuals have changed their standard of living.

The individuals have started focusing on their appearances. The increase in preference of consumers for various kinds of cosmetics, especially organic cosmetics, has increased the usage of collagen products, which helps fulfill the individual preferences for the consumption of beauty products, which improves the quality of their skin and hair. Collagen products are rich in proteins that mainly provide anti-aging benefits to the skin and the smoothness that offers healthy skin for the individual. Collagen also helps repair dead skin and keeps the skin hydrated for a longer duration. With that, collagen provides elasticity to the skin. The collagen proteins are connected to create the fibroblasts. The manufacturers of various cosmetic industries prefer multiple kinds of innovations to manufacture beauty products with innovative properties that help maximize the level of consumer satisfaction at the time of usage. With the change in the standard of living, the companies manufacture various cosmetics brands with unique features or benefits that help fulfill the consumers' requirements. Consumers can get a variety of beauty products according to their requirements. The cosmetic industry is growing at a significantly faster pace with the increasing demand. Such advantages associated with collagen have propelled the manufacturers to introduce vegan collage-based beauty products in the market.

Thus, the growing cosmetics industry leads to an increase in the use of vegan collagen products to provide the unique properties of skincare products to consumers. The increasing usage of beauty products leads to an increase in the demand for collagen in the market. Though the growing use of collagen products in the beauty industry is expected to be the driver for the North America vegan collagen market.

 Rise in demand of vegan collagen in health supplements

Health supplements refer to powders, pills, or types of drinks used to build muscle, improve overall body functions, or lose weight. Health supplements provide additional nutrition and proteins to the individual other than the standard diet. . Vegan collagen-supporting supplements contain specific plant-based ingredients rich in amino acids, vitamin C, zinc, and copper so that the body has the building blocks it needs to naturally produce its own collagen. Unlike animal-based collagen, these plant-based products get to the root issue behind the body isn't producing enough of its own collagen and give it the support it needs to boost its collagen production. The accessories are available in various forms, such as capsules, tablets, powder sachets, powders, gummies and several different forms. Vegan collagen promotes healthy skin, strong nails, and shiny hair. Boosts the production of collagen in the body, keratin, and elastin. Collagen-boosting health supplements also come in different options like keto-friendly, soy-free, gluten-free, and dairy-free for particular dietary needs. As a result, the key market players started to introduce a variety of health supplements containing vegan collagen due to the growing demand and health benefits associated with it.

Health supplements help the body to maintain overall health with an attractive physique. Thus, the increasing use of collagen as an ingredient in supplements for all age groups has maximized collagen usage, leading to an increase in the extraction of collagen in the market. So, the rising collagen as an ingredient in supplements for sports athletes in developing countries maximizes the usage of collagen and is expected to drive the North America collagen market.

Opportunities

 Technological advancements in vegan collagen

Investments in new and innovative technology have become vital to maintaining a competitive edge in the highly competitive market. The fast growth of the sector has required the creation of new technologies for more innovative launches and a product that will benefit and ensure consumer confidence and help manufacturers. Manufacturers and scientists are continuously involved in developing vegan collagen, a compound that mimics animal collagen cells' amino acid structure that can be used in various industries. Recent advances in the field of biotechnology have enabled a greater understanding of the production of collagen with the same structure as the human body from a vegan source through genetic engineering. The variety of technological advancements helps form labs to create bio-identical vegan collagen that has a wide range of applications in various sectors. The manufacturers are undergoing massive research to develop lab-based vegan collagen.

New advancements that are made in technology improve products/services or improve the ability to market products/services. Thus, the use of the technologies can also boost market growth, which will help the manufacturers to expand North Americaly and cater to large consumers, which is expected to act as an opportunity for the North America vegan collagen market.

Restraints/Challenges

• Stringent regulations regarding the import of plant-based products

The world's food ecosystem has seen tremendous transformation in recent decades. To safeguard the public's health, the federal food regulation system must adapt to changes in science and technology, the advent of increasingly interconnected food supply chains, and shifting consumer preferences. There is additional potential for the introduction and spread of contaminants that could jeopardize food safety as a result of the expanding North America market for food commodities. The consequences of food-borne illness to nations' health and economies continue to be high, and recent food safety incidents have shown where the federal food regulation system needs to be strengthened. In order for food exporters to have access to worldwide markets and maintain their competitiveness on a North America scale, the framework must also keep up with prevention-focused international food safety requirements. During the import-export of plant-based products, the products need to undergo various quarantine checks and regulations that vary from country to country.

Thus stringent regulations and strict rules concerning the consumer's health and avoiding any miss leading information have made it very difficult for manufacturers to fulfill all the requirements, and it may hamper the market growth.

Post-COVID-19 Impact on North America Vegan Collagen Market

Post the pandemic, the demand for vegan collagen and vegan collagen products has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their processing units to manufacture vegan collagen-based products. The demand for vegan collagen in the beauty and healthcare industries has also increased, which may propel the market's growth.

The increased demand for vegan collagen enables manufacturers to produce more new products and dishes, which ultimately increases the demand for vegan collagen and has helped the market grow.

Moreover, the high demand for vegan products will drive the market's growth. Furthermore, the demand for vegan collagen as a health supplement after the COVID-19 pandemic has increased as there is rising awareness about the health benefits and high demand from the healthcare service sector resulted in market growth. Additionally, consumers' interest in new vegan products and research development is expected to fuel the growth of the North America vegan collagen market.

Recent Developments

• In August 202, Revive Collagen, the top-selling premium liquid collagen supplement company in Europe, raised the bar for ready-to-drink collagen supplements by introducing a vegan version to its lineup. A healthy amount of an adult's daily recommended consumption is provided by Revive Collagen Vegan, which is available in 22ml ready-to-drink raspberry-flavored sachets together with essential vitamins B, C, D, and E. Customers can anticipate seeing improvements in their skin, hair, nails, and general wellbeing in about 4 to 8 weeks with continuous daily use.

North America Vegan Collagen Market Scope

The North America vegan collagen market is segmented based on product type, target health application, category, packaging type, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product Type

• Liquid Solutions
•  Serums
•  Gummies
•  Capsules
• Soft Gels
•  Tablets
• Powder
•  Drink Premixes
• Others

On the basis of product type, the North America vegan collagen market is segmented into liquid solutions, serums, gummies, capsules, soft gels, tablets, powder, drink premixes, and others.

Target Health Application

• Beauty Products
•  Memory Boost Products
•  Inflammation Reducing Products
•  Wound Healing Products
•  Others

On the basis of target health application, the North America vegan collagen market is segmented into beauty products, memory boost products, inflammation reducing products, wound healing products, and others.

Category

• Conventional
•  organic

On the basis of category, the North America vegan collagen market is segmented into conventional and organic.

Packaging Type

• Bottles
•  Small Jar
• Cardboard Boxes
•  Pouches

On the basis of packaging type the North America vegan collagen market is segmented into bottles, small jar, cardboard boxes, and pouches.

Distribution Channel

• Store-based retailers
• Non-store based retailers

On the basis of distribution channel, the North America vegan collagen market is segmented into store-based and non-store based retailers.

North America Vegan Collagen Market Regional Analysis/Insights

The North America vegan collagen market are analyzed, and market size insights and trends are provided by country, product type, target health application, category, packaging type, and distribution channel as referenced above.

The countries covered in the North America Vegan collagen market report are U.S., Canada and Mexico.

In the North America region, the U.S. is anticipated to dominate the North America vegan collagen market owing to the driving growth of vegan collagen industries across the country. The number of vegan collagen type that are present in the U.S. is powder, gummies, capsules, tablets, soft gels, liquid solutions, serums, drink premixes, and others. These powder type are found to be the most commonly vegan collagen product type in the U.S. market.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Vegan Collagen Market Share Analysis

The vegan collagen market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies focus on the vegan collagen market.

Some of the major players operating in the North America vegan collagen market are Vital Proteins LLC, GELTOR, Twinlab Consolidated, Pacifica Beauty LLC, Comfort Click LTD., Garden of Life, Herbaland USA, Moon Juice, Raw Beauty Lab., Sunwarrior LLC., Future Kind, Summer Salt Body, Alpha foods BV among others.

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