South America Collagen Supplements Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Collagen Supplements Market Analysis
The South America Collagen Supplements market is projected to register a CAGR of 4.8% during the forecast period, 2022-2027.
High consumer preference for collagen-peptide-infused nutracosmetics with the growing desire to prevent premature aging is identified as the primary market driver in South America. Further, the collagen supplements market is projected to expand on account of the expanding consumer interest in preventive healthcare which influences consumer spending on supplements and functional food to attain healthy skin, hair, and overall well-being.
Furthermore, numerous health and aesthetic advantages of collagen supplementation have been linked to the market expansion for these products. For instance, it boosts bone density, enhances muscular mass, and eases joint pain. Additionally, the prevalence of diseases like arthritis, rheumatoid arthritis, and other inflammatory bone disorders has highlighted the importance of bone health prompting consumers to use particular supplements such as collagens to maintain their mobility. In addition, the expanding trend of clean-label supplements is driving the demand for vegan or plant-based collagen supplements, especially among eco-conscious consumers.
South America Collagen Supplements Market Trends
This section covers the major market trends shaping the South America Collagen Supplements Market according to our research experts:
The Growing Awareness Regarding Benefits of Health Supplements
Growing consumer demand for health supplement products with the adoption of healthy lifestyles is the main driver of market expansion in South America. An increasing understanding of the nutritional value of collagen supplements among the middle-class population due to the high emphasis on skin and bone health is contributing to the sales growth of collagen supplements. The widespread availability of information across different websites and social media blogs regarding the health benefits of collagen is influencing consumers to use collagen supplements to prevent inflammatory bone disorders such as rheumatoid arthritis, Lyme arthritis, psoriatic arthritis, and osteoarthritis, among others.
Additionally, the rise in the geriatric population is anticipated to push the demand for collagen supplements, as human collagen levels decrease with age and collagen is a crucial component of the skin, hair, and nails as well as of the bones, tendons, muscles, ligaments, and joints that make up the skeleton of the body. This in turn requires the supplementation of collagen for the older population. For instance, the data disclosed in the Economy and Development Report (EDR) reveals that by 2050, 17.5% population of South America will be geriatric (65 years of age or older).
Brazil Hold Prominent Market Share
With their busy lifestyles, Brazilians now have less time to prepare meals at home due to the long working hours and hectic daily routines. Further, the high prevalence of sports and athletic activities is promoting the consumption of collagen supplements for improved bone health as collagen is the major component of connective tissues that make up body parts, including tendons, ligaments, skin, and muscles. Therefore, collagen supplements are increasingly popular among athletes and fitness enthusiasts for strengthening bones and boosting muscle mass. As a result, key manufacturers are reinforcing their production and R&D efforts to develop innovative solutions as per the potential needs of consumers. For instance, in April 2021, Apsen Farmacêutica, a pharmaceutical company announced the development of a new collagen supplement targeted toward mobility. The new product is branded as 'Motilex HA,' and features two of Bioiberica's joint health collagen ingredients to aid reduction in pain and inflammation and maintain joint function. Moreover, health and beauty enthusiasts are opting for collagen drinks and shots to gain aesthetic improvements in their outward appearance, including skin, hair, and nails.
South America Collagen Supplements Industry Overview
The South America collagen supplements market is highly competitive. Leading companies in the market include Hunter & Gather, Novaprom, Rousselot, Optimum Nutrition, Inc, and Gelita AG among others. Companies are concentrating their efforts on developing new formulations to fulfill the rising demand for collagen supplements. For instance, In March 2021, Rousselot launched marine collagen peptides with MSC certification. The product, which is made from wild-caught marine white fish and has received certification from the Marine Stewardship Council (MSC), is meant to aid nutrition and beauty brands in differentiating and growing their line of nutricosmetics and dietary supplements. In addition, key brands are focused on enhanced distribution capabilities to capture emerging consumer groups across online channels.
South America Collagen Supplements Market Leaders
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Hunter & Gather
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Novaprom
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Rousselot
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Gelita AG
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Optimum Nutrition, Inc
*Disclaimer: Major Players sorted in no particular order
South America Collagen Supplements Market News
- In February 2022, Nestle Health Science announced the acquisition of Vital Proteins, a leading collagen brand and a lifestyle and wellness platform offering supplements, beverages, and food products.
- In December 2020, Hunter and Gather introduced a new marine collagen supplement developed from North Atlantic white fish. With this new product, the company has expanded its offerings in the marine collagen category.
- In February 2020, Tessenderlo Group's PB Leiner opened a new collagen peptides line at its site in Santa Fe, Argentina. A considerable increase in the production volume of SOLUGEL collagen peptides will be possible due to the additional production facility. Due to the nutritive advantages of collagen peptides, their demand is increasing on a global scale. A global supply in the markets will be made possible by this local investment.
South America Collagen Supplements Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Form
5.1.1 Powdered Supplements
5.1.2 Capsules and Gummies
5.1.3 Drinks and Shots
5.1.4 Other Forms
5.2 By Source
5.2.1 Animal-based
5.2.2 Plant-based
5.2.3 Marine-based
5.3 By Distribution Channel
5.3.1 Supermarket/Hypermarket
5.3.2 Pharmacies/Drug Stores
5.3.3 Online Stores
5.3.4 Other Distribution Channels
5.4 By Geography
5.4.1 Argentina
5.4.2 Brazil
5.4.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Novaprom
6.3.2 Rousselot
6.3.3 Gelita AG
6.3.4 Optimum Nutrition, Inc
6.3.5 Nestle SA
6.3.6 The Clorox Company
6.3.7 weishardt
6.3.8 Nitta Gelatin Inc
6.3.9 Tessenderlo Group NV
6.3.10 Hunter & Gather
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
South America Collagen Supplements Industry Segmentation
Collagen supplements contain amino acids, the building blocks of proteins, and other additional nutrients. The South American collagen supplements market is segmented by form, source, distribution channel, and geography. Based on the form, the market is segmented into powdered supplements, capsules and gummies, drinks and shots, and other forms. By source, the market is segmented into animal-based, plant-based, and marine-based. By distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies/drug stores, online stores, and other distribution channels. Based on geography, the market is segmented into Argentina, Brazil, and the rest of South America. For each segment, the market sizing and forecast have been done based on value (in USD million).
| By Form | |
| Powdered Supplements | |
| Capsules and Gummies | |
| Drinks and Shots | |
| Other Forms |
| By Source | |
| Animal-based | |
| Plant-based | |
| Marine-based |
| By Distribution Channel | |
| Supermarket/Hypermarket | |
| Pharmacies/Drug Stores | |
| Online Stores | |
| Other Distribution Channels |
| By Geography | |
| Argentina | |
| Brazil | |
| Rest of South America |
South America Collagen Supplements Market Research FAQs
What is the current South America Collagen Supplements Market size?
The South America Collagen Supplements Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in South America Collagen Supplements Market?
Hunter & Gather, Novaprom, Rousselot, Gelita AG and Optimum Nutrition, Inc are the major companies operating in the South America Collagen Supplements Market.
What years does this South America Collagen Supplements Market cover?
The report covers the South America Collagen Supplements Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Collagen Supplements Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Collagen Supplements Industry Report
Statistics for the 2023 South America Collagen Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Collagen Supplements analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
