|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
133.25 million
|
|
CAGR
(2023-2028)
|
5.05%
|
|
Fastest
Growing Segment
|
Powdered
|
|
Largest
Market
|
Northern Vietnam
|
Market Overview
Vietnam
Collagen Supplement Market has valued at USD 133.25 million in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 5.05%
through 2028. collagen supplements have indeed become a central component of
the health and wellness industry, gaining substantial popularity in recent
times. Their versatile benefits have attracted individuals keen on enhancing
skin health, improving joint mobility, and fostering overall well-being.
Collagen, a foundational structural protein found abundantly in the human body,
plays a critical role in upholding the integrity of vital elements like skin,
hair, nails, joints, and connective tissues. This comprehensive overview offers
valuable insights into the scientific basis, advantages, and important
considerations associated with collagen supplements. Collagen, being the most
abundant protein in the human body, forms a substantial part of connective
tissues, tendons, ligaments, and skin. It provides essential structural
support, imparting elasticity and strength to various bodily structures.
However, as individuals age, the natural production of collagen gradually
declines, leading to typical signs of aging such as wrinkles, sagging skin, and
discomfort in joints. Collagen supplements are specially crafted to replenish
and bolster the body's innate collagen levels, effectively mitigating these
effects..
Key Market Drivers
Rising Utilization of Collagen
Supplements in The Treatment of Bone-Related Conditions
The
increasing adoption of collagen supplements in the treatment of bone-related
conditions marks a significant paradigm shift in the field of musculoskeletal
health. Collagen, a fundamental protein in the human body, forms a critical
structural component of bones, providing them with resilience and strength.
This comprehensive review delves into the pivotal role that collagen
supplements are playing in the treatment of bone diseases, and how this
paradigm shift is propelling advancements in musculoskeletal healthcare. Collagen
constitutes the primary protein in bones, accounting for approximately 90% of
the organic matrix. It forms a scaffold that imparts toughness and flexibility
to bones, enabling them to withstand physical stress. Collagen also acts as a
binding agent, holding minerals like calcium and phosphorus in place,
contributing to bone density. As individuals age, collagen production naturally
decreases, leading to a decline in bone mass and density. This can result in
conditions like osteoporosis, a prevalent bone disease characterized by brittle
and fragile bones. Osteoporosis poses a significant public health concern,
particularly for the aging population, as it increases the risk of fractures
and associated complications.
Collagen
supplements, enriched with specific collagen peptides, have demonstrated
remarkable potential in enhancing bone density. Research studies have shown
that regular supplementation can lead to a notable increase in bone mineral
density (BMD), a critical indicator of bone health. This is particularly
significant for individuals with osteoporosis or those at risk of developing
the condition. Furthermore, collagen supplements exert a positive influence on
bone metabolism, effectively regulating the process of bone remodeling. By
stimulating osteoblast activity (cells responsible for bone formation) and
inhibiting osteoclast activity (cells responsible for bone resorption),
collagen contributes to balanced bone turnover. This is crucial in maintaining
bone health and preventing conditions characterized by abnormal bone turnover. Studies
have indicated that collagen supplementation may lead to a reduction in the
incidence of bone fractures, a substantial development for individuals with
compromised bone health. It signifies a tangible enhancement in bone strength
and resilience, which directly translates into a reduced risk of fractures and
associated morbidity.
Collagen
supplements not only benefit bones directly but also support the health of
adjacent joint tissues. By strengthening ligaments, tendons, and cartilage,
collagen contributes to overall joint stability and mobility. This is
especially important in conditions where joint health is closely connected with
bone health, such as osteoarthritis. The incorporation of collagen supplements
into the treatment regimen for bone diseases has significantly impacted the
landscape of musculoskeletal healthcare. In addition to its direct effects on
bone health, collagen also plays a crucial role in promoting soft tissue
health. Tendons and ligaments, which connect muscles to bones and bones to each
other, respectively, are rich in collagen fibers. Collagen supplementation has
been shown to enhance the structural integrity and mechanical properties of
tendons and ligaments. This is of immense significance in conditions where
tendon and ligament injuries are prevalent, such as sports-related injuries or
degenerative conditions. Moreover, collagen supplements have demonstrated
potential in supporting the health of cartilage, a specialized connective
tissue that covers the ends of bones in joints. Cartilage serves as a cushion
and facilitates smooth joint movement. Collagen helps maintain the structural
integrity of cartilage, making it an important component in the management of
conditions like osteoarthritis, where cartilage degradation is a prominent
feature. The inclusion of collagen supplements in the treatment approach for
bone-related conditions has ushered in a new era of musculoskeletal healthcare.
It represents a holistic approach that addresses not only bone health but also
the overall integrity of the musculoskeletal system.
Growing Understanding and
Awareness of the Health Advantages Associated with Collagen Supplements.
The
surge in demand for collagen-based supplements, specifically tailored to
promote healthy aging with a focus on enhancing skin, hair, and nail beauty,
has emerged as a prominent trend. This upswing can be attributed to heightened
consumer awareness regarding the benefits of collagen peptides and tripeptides
integrated into human nutrition. These constituents have garnered substantial
traction in both the nutrition and cosmetic sectors, thereby propelling the
growth of nutricosmetic solutions throughout the region. This escalating trend
is driven by consumers' increasing inclination towards averting premature aging
and their preference for natural, secure, and efficacious beauty solutions.
Nutricosmetics derived from proteins and amino acids, notably collagen, have
secured a significant market share in the Vietnamese nutricosmetics arena. As
individuals become more cognizant of the role of collagen in maintaining skin
elasticity, hydration, and reducing signs of aging, there is a growing
inclination towards collagen supplements. Awareness of collagen's ability to
improve skin texture, reduce wrinkles, and promote a youthful complexion is a
significant driver for its increased consumption. With a better understanding
of collagen's critical role in joint health, individuals experiencing joint
discomfort or looking to maintain optimal mobility are turning to collagen
supplements. The knowledge that collagen supports joint cartilage and reduces
stiffness is compelling more consumers to incorporate these supplements into
their wellness routines. Increasing awareness of collagen's positive impact on
hair and nail health is influencing purchasing decisions. Consumers are
recognizing collagen as a key component in promoting healthy hair growth,
reducing brittleness, and strengthening nails. Knowledge about collagen's
contribution to muscle tissue health is driving interest, particularly among
fitness enthusiasts and individuals seeking to maintain lean muscle mass. The
understanding that collagen aids in muscle recovery and supports metabolism
further fuels its popularity. Awareness of collagen's benefits for gut health
is also playing a significant role in market growth. Consumers are learning
about collagen's role in promoting a healthy gut lining and aiding in
conditions like leaky gut syndrome. The recognition that collagen supplements
can support weight management efforts through their impact on metabolism and
muscle mass is attracting a broader demographic of consumers, including those
focused on achieving and maintaining a healthy weight. Increasing research on
collagen supplements and their demonstrated benefits in various clinical
studies is contributing to consumer confidence. Scientific validation provides
a solid foundation for the knowledge and awareness surrounding the
effectiveness of collagen supplementation. Also, the industry efforts in
educating consumers about the benefits of collagen supplements through various
channels, including social media, blogs, and informational campaigns, are
further amplifying awareness. Clear and informative marketing strategies are
effectively communicating the advantages of incorporating collagen into one's
wellness routine. As consumers become increasingly informed about the
multifaceted advantages of collagen supplementation, they are more inclined to
integrate these products into their daily health regimens. This trend is poised
to continue shaping the market's growth trajectory in the coming years.
Advantages of Collagen
Supplements
Collagen
supplements have witnessed a surge in popularity, emerging as a cornerstone of
the health and wellness industry. This can be attributed to the myriad of
advantages they offer in supporting skin health, joint mobility, and overall
well-being. Collagen, a pivotal structural protein in the human body, plays a
vital role in maintaining the integrity of skin, hair, nails, joints, and
connective tissues. This comprehensive analysis aims to delve into the key
advantages of collagen supplements and how they have become instrumental in
driving the growth of the Vietnam collagen supplement market. One of the primary advantages of
collagen supplements is their remarkable impact on skin health and
rejuvenation. Collagen forms the structural foundation of the skin, providing
elasticity, firmness, and hydration. As individuals age, collagen production
naturally declines, leading to the emergence of wrinkles, fine lines, and
sagging skin. Collagen supplements work to replenish and support the body's
natural collagen levels, effectively counteracting these signs of aging.
Regular supplementation has shown promise in improving skin texture, reducing
wrinkles, and promoting a youthful complexion. The demand for collagen
supplements in pursuit of radiant and youthful skin has significantly
contributed to the growth of the Vietnam collagen supplement market.
Collagen
supplements have demonstrated significant benefits for hair and nail health.
Collagen is a key component in promoting healthy hair growth, reducing
brittleness, and strengthening nails. The proteins and amino acids in collagen
supplements provide essential building blocks for hair and nail growth, making
them an attractive option for individuals looking to enhance the health and
appearance of their hair and nails.
Collagen
plays a vital role in muscle tissue health. It aids in muscle recovery after
exercise, making it a valuable supplement for fitness enthusiasts and athletes.
Collagen supports muscle metabolism, contributing to overall muscle health and
strength. This advantage has led to a growing trend of incorporating collagen
supplements into fitness and wellness routines, driving demand in the Vietnam
collagen supplement market.
Collagen
supplements are increasingly recognized for their positive impact on gut health
and digestion. Collagen helps in promoting a healthy gut lining, which is
crucial for optimal nutrient absorption and overall digestive health.
Additionally, collagen can aid in conditions like leaky gut syndrome. This
advantage has resonated with individuals seeking holistic approaches to improve
their digestive well-being, contributing to the growth of the Vietnam collagen
supplement market.
Collagen
supplements have been associated with supporting weight management efforts.
Collagen's influence on metabolism and muscle mass plays a significant role in
achieving and maintaining a healthy weight. By promoting muscle growth and
supporting metabolic function, collagen supplements are attracting a broader
demographic of consumers focused on achieving their weight management goals.
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Key Market Challenges
Stringent Regulations
The
Vietnam collagen supplement market, while experiencing robust growth, is facing
challenges stemming from increasingly stringent regulations imposed by
regulatory authorities. One of the primary challenges faced by collagen
supplement manufacturers is the stringent approval process for health claims.
EFSA requires substantial scientific evidence to support any health-related
assertions made about a product. This process can be time-consuming and
resource-intensive, especially for smaller companies with limited research
capabilities. Collagen from
certain sources, particularly marine and fish-derived sources, falls under the
Novel Food category. This requires manufacturers to undergo a comprehensive
safety assessment before gaining approval for market entry. This process can be
complex and costly, creating a barrier for new entrants and innovative
products. Vietnam
regulations demand clear and accurate labelling of dietary supplements,
including collagen products. This includes providing information on recommended
daily doses, potential allergens, and accurate ingredient lists. Meeting these
requirements necessitates careful attention to detail and compliance, which can
be a challenge for manufacturers.
Possible Side Effects
The
Vietnam collagen supplement market faces a notable hurdle in the form of
potential side effects. Although collagen supplements are typically
well-tolerated, they may not be universally suitable, and specific individuals
may experience adverse reactions. These can encompass gastrointestinal
discomfort, allergic responses, and potential interactions with medications or
existing medical conditions. For instance, individuals who have allergies to
particular collagen sources, like bovine or marine-derived, may encounter
allergic reactions. Moreover, collagen supplements could potentially interact
with certain medications, especially those associated with blood thinning or
protein metabolism.
Key Market Trends
Rising use of collagen
supplements among sports athletes
The
preference for natural and safe products has emerged as a dominant trend in the
health and wellness industry. Consumers today are increasingly mindful of the
substances they put into their bodies, seeking alternatives that are derived
from natural sources and free from harmful additives. This trend is
particularly pronounced in the market for dietary supplements, including
collagen supplements. Natural collagen supplements, sourced from ingredients
like fish, chicken, or bovine collagen, resonate strongly with health-conscious
consumers. These sources provide a bioavailable form of collagen that closely
mimics the collagen found in the human body. This natural compatibility ensures
that the supplement is readily absorbed and utilized by the body, maximizing
its effectiveness. Moreover, the move towards natural and safe products is
fuelled by a desire to minimize exposure to synthetic chemicals and potential
allergens. Many conventional supplements may contain artificial colors,
flavors, and preservatives, which can be a concern for individuals with
sensitivities or allergies. In contrast, natural collagen supplements often
boast a clean label, free from unnecessary synthetic additives, making them a
preferred choice for a growing segment of consumers. Safety is another critical
factor driving the preference for natural collagen supplements. Consumers are
increasingly scrutinizing product labels, seeking assurance that the
supplements they consume are free from harmful contaminants or toxins. By
opting for supplements derived from naturally occurring sources, individuals
can feel more confident in the purity and quality of the product. The
preference for natural and safe collagen supplements also aligns with broader
lifestyle trends, such as clean eating and holistic wellness practices. Many
individuals are adopting a more mindful and holistic approach to their overall
well-being, recognizing that the choices they make in terms of nutrition and
supplementation play a pivotal role in their health journey.
Segmental Insights
Type Insight
Based
on the category of Type, the Powdered segment emerged as the dominant player in
the Vietnam collagen supplement market in 2022. Collagen in the form of powdered supplements has witnessed
a growing share of acceptance among consumers owing to its ease of use and
convenience. Powder form is the easiest way of mixing collagen supplements in
food and beverages, accelerating the uptake of these products. Collagen
powder has been a more popular form of collagen supplementation than collagen
capsules. This is because collagen powder allows for higher dosages of collagen
per serving, as it can be easily mixed into beverages or food. Collagen
capsules, on the other hand, have a limited size and, therefore, may not
contain as much collagen per serving. The demand for collagen supplements has
been growing steadily in recent years. Many multinational companies have
entered the market to offer collagen products in various forms, including
powders, capsules, and even gummies. While collagen powder may be more popular,
some consumers may still prefer the convenience of capsules, especially for
on-the-go use.
Distribution Channel Insights
In
2022, the Hypermarkets and Supermarkets segment stood out as the dominant
player in the Vietnam collagen supplement market when categorized by
distribution channel. This indicates that hypermarkets and supermarkets held
the largest market share within the region. This dominance can be attributed to
several factors. Firstly, hypermarkets and supermarkets are widely accessible
to consumers across Vietnam, providing a convenient and familiar shopping
environment. This accessibility ensures that a broad demographic of consumers
can easily access collagen supplements. Additionally, these retail outlets
often offer a diverse range of health and wellness products, including dietary
supplements, allowing consumers to compare various brands and formulations. The
presence of knowledgeable staff and informative labelling further supports
consumers in making informed purchasing decisions. Moreover, consumers tend to
place a high degree of trust in established hypermarket and supermarket chains,
viewing them as reliable sources for quality products. This trust factor is
crucial when it comes to purchasing health-related supplements like collagen.
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Regional Insights
The
Northern Region of Vietnam has emerged as a dominant player in the country's
dietary supplements market. This region, which includes major cities like Hanoi
and provinces in its vicinity, has witnessed a significant surge in the
consumption of dietary supplements. The urban population in this area, with
increasing awareness of health and wellness, has been a driving force in the
rising demand for dietary supplements. Hanoi, being the capital city, serves as
a hub for healthcare and wellness services, further contributing to the
region's prominence in the market. Additionally, the presence of numerous
healthcare facilities, pharmacies, and health-conscious communities has
solidified the Northern Region's position as a leader in the dietary
supplements market. The accessibility of healthcare information and a growing
emphasis on preventive healthcare have further fuelled the market's growth in
this region. As a result, companies in the dietary supplements industry are
increasingly focusing on this area, recognizing its pivotal role in the overall
market landscape.
The
Central Region of Vietnam is currently positioned as the fastest-growing sector
within the country's burgeoning collagen supplement market. This region,
encompassing cities like Da Nang and provinces in its vicinity, has experienced
a remarkable surge in health and wellness awareness. The coastal setting and an
active lifestyle prevalent in this region have contributed to an increased
interest in collagen supplements, particularly those supporting joint health,
skin protection, and overall vitality.
Recent Developments
- In
December 2021, ForeWin Vietnam introduced SAEJIN WHITE, a super glutathione
collagen capsule, into the market. This capsule product integrates potent
components including glutathione sourced from yeast extract, a blend of various
berries, vitamin C, and other essential nutrients aimed at rejuvenating and
aiding in the recovery of damaged skin.
- In
November 2021, Nestlé Health Science (NHS), a prominent global player in the
realm of nutritional science, acquired a majority share in Vital Proteins. This
company offers a comprehensive lifestyle and wellness platform featuring a
range of collagen supplements, beverages, and food products in Vietnam.
Key Market Players
- Shiseido
Co. Ltd
- Nestle SA
- Meiji Holdings Company Ltd
- Applied Nutrition Vietnam
- Zint Nutrition
- FUJIFILM VIETNAM Co., Ltd.
- Kinohimitsu Vietnam
|
By Form
|
By Distribution Channel
|
By Region
|
- Powdered
- Capsules
- Drinks and Shots
|
- Pharmacies and Drug Stores
- Online
- Hypermarkets and Supermarkets
|
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
|
Report Scope:
In this report, the Vietnam Collagen Supplement Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Vietnam Collagen Supplement Market, By Type:
o Powdered
o Capsules
o Drinks and Shots
- Vietnam Collagen Supplement Market, By Distribution Channel:
o Pharmacies and Drug Stores
o Online
o Hypermarkets and Supermarkets
- Vietnam Collagen Supplement Market, By Region:
o Northern Vietnam
o Central Vietnam
o Southern Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Vietnam
Collagen Supplement Market.
Available Customizations:
Vietnam Collagen Supplement market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Vietnam Collagen Supplement Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]