Rising Demand for Vegan Products and Growing Vegan Population to Drive Vegan Collagen Market at a CAGR of 9.1% through 2034

Future Market Insights, Inc.'s latest report reveals a flourishing vegan collagen market, fueled by consumers' desire for ethical, sustainable, and functional ingredients. Discover deeper insights and uncover lucrative stakeholder opportunities in this burgeoning market.

NEWARK, Del., Jan. 11, 2024 /PRNewswire/ -- According to Future Market Insights (FMI) analysis, the Global Vegan Collagen Market is expected to reach US$ 150.1 million in 2024. The market is projected to expand at a CAGR of 9.1%, reaching US$ 357.7 million by 2034. 

Request Exclusive Sample Report: Vegan Collagen Market Strategic Insights, https://www.futuremarketinsights.com/reports/sample/rep-gb-18794 

A primary driver of the vegan collagen market is the growing inclination of consumers toward functional and naturally produced components. Vegan collagen is becoming increasingly popular as people seek ethical and ecological options. This is especially applicable in the health and cosmetic market.

The development of several forms of vegan collagen, including plant-based collagen peptides and fermentation techniques, has further propelled the market's expansion. Multiple industries are incorporating vegan collagen into their products and services to gain traction.

Vegan collagen products are becoming popular as consumers seek plant-based collagen substitutes rather than animal collagen. The market also benefits from the increased awareness and adoption of vegan & cruelty-free lifestyles.

Applications of vegan collagen have grown over time in several industries, including food, pharmaceuticals, nutraceuticals, cosmetics, personal care, and more. In the food sector, it is used in functional food and dietary supplements to enhance the body's nutritional deficiency and skin health.

With the increasing demand for vegan collagen in cosmetic goods, the cosmetic market makes a substantial contribution to the market's growth. The market provides a range of product types to meet the needs of different industries and consumers, such as liquid solutions, serums, gummies, capsules, and powders. The market offers growth opportunities for international expansion in unexplored markets and the development of innovative plant-based collagen sources.

Key Takeaways from the Report-

• The global vegan collagen market is expected to reach a valuation of US$ 357.7 million by 2034.
• The market is expected to surge at a CAGR of 9.1% over the forecast period.
• The powder form is estimated to hold a market share of 75.4% in 2024.
• Germany is estimated to have a value CAGR of 10.2% during the forecast period.
• Japan is projected to surge at a CAGR of 7.5% through 2034.

"The global vegan collagen market is driven by increasing consumer preference for functional and naturally sourced ingredients in cosmetic & health supplement products. Developing several forms of vegan collagen and growing awareness & adoption of vegan and cruelty-free lifestyles are set to further fuel the market." – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Report Coverage:

Competitive Landscape: Leading Players and Recent Developments in Vegan Collagen Market

Following are the leading players operating in the market. Companies are improving the quality of their products and access to wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology. 

• Revive Collagen
• Golde
• Pai Skincare
• Unived
• SMPNutra
• Olena Health
• OZiva
• SENIORITY.IN
• Rejuvenated
• Raw Beauty Lab
• NUTRICORE BIOSCIENCES PVT. LTD
• HealthKart
• Your Super
• PlantFusion
• Nutricore Biosciences Private Limited
• Other Players

Launching new products can assist market players in staying competitive and accommodating the changing demands of their customer base. This allows leading companies to increase their market share while attracting new customers and retaining their existing base. 

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

For instance, 

• In 2022, Revive Collagen launched the world's first clinically proven liquid vegan collagen supplement, which is claimed to mimic human type 1 collagen. 
• In 2023, Geltor introduced NuColl™, a new vegan alternative to animal-derived collagen for global hair care applications designed to improve hair smoothness, frizz, and volume control.

Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.  

The study provides compelling insights into based vegan collagen market segment based on source (fruits, vegetables, algae and others), form (powder and liquid), application (nutraceuticals, pharmaceuticals, food industry and cosmetics), and region

About the Food and Beverage Division at Future Market Insights (FMI)

Future Market Insights (FMI) food & beverage team offers comprehensive market intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique market intelligence needs.

About the Author:

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 Extensive Coverage in the Food and Beverages Domain:

• Collagen Drinks Market by Food Industry, Cosmetics & Personal Care Industry, Nutraceutical Industry, Pharmaceutical Industry, 2023-2033. – Review and Request to Access the Sample PDF.
• Collagen Peptide Market by Application, Source, Form & Region | Forecast 2023 to 2033. - Review and Request to Access the Sample PDF.
• Collagen Supplements Market by Product Type, Form, Source, End-use, Sales Channel & Region | Forecast 2022 to 2032. - Review and Request to Access the Sample PDF.
• Collagen Casings Market by Product Type, Caliber, Application, End Use, Sales Channel & Region | Forecast 2023 to 2033. - Review and Request to Access the Sample PDF.
• Guar Gum Market Forecast by Food Grade and Fast Hydrated Gum Oil Drilling Grade, and Others from 2024 to 2034. - Review and Request to Access the Sample PDF.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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