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Vegan Collagen Market is Expanding Rapidly with Promising Growth Prospects
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.
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.
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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.).
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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.
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.
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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
A2 Ice Cream Market to Get an Explosive Growth
Future Market Insights (FMI) thorough analysis of the global market for A2 ice cream shows that it is set to reach a valuation of US$ 180.0 million in 2024. The market is projected to expand at a CAGR of 7.2%, attaining a valuation of US$ 360.0 million by 2034.
Demand for A2 Ice Cream Market
Factors, including rising demand for healthier ice cream, are set to influence the A2 ice cream market. As more individuals become conscious of lactose intolerance, a common condition where they have difficulty digesting lactose, they seek alternatives. Consequently, A2 ice cream is considered a suitable option for individuals with lactose intolerance, thereby driving demand.
Consumers are seeking unique and indulgent flavor experiences, and A2 ice cream manufacturers are responding by offering a wide range of innovative flavors and combinations. This includes exotic fruit flavors, gourmet ingredients, and collaborations with renowned chefs & brands.
Advancements in distribution and delivery play a vital role in shaping the A2 ice cream market, with online ordering and delivery services becoming integral. Consumers can now access a variety of A2 ice cream products more conveniently. Sustainability is another key focus as companies strive to adopt eco-friendly packaging solutions to reduce their environmental impact.
The A2 ice cream market is expected to rise through the forecast period due to increasing consumer demand for healthier and easier-to-digest dairy alternatives. The market is further driven by factors such as rising health consciousness, growing lactose intolerance, and product advancements in the industry.
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"The market is growing as a result of increasing consumer demand for organic goods and rising awareness of animal welfare. The dairy market's continuous research & development efforts are expected to propel the A2 ice cream market's growth trajectory and present profitable prospects for industry participants in the forecast period," says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.)
Key Takeaways from the Report
• The global A2 ice cream market is expected to reach a valuation of US$ 360.0 million in 2034.
• The global market is projected to surge at a CAGR of 7.2% over the forecast period.
• The United States is projected to attain a market valuation of US$ 138.6 million by 2034.
• The chocolate flavor segment is estimated to hold a market share of 38.0% in 2024.
• Japan is estimated to rise at a CAGR of 7.0% during the forecast period.
Competitive Landscape
The a2 Milk Company, Braum's Inc., Alec's Ice Cream, GoDesi Milk, Re: THINK, and Miller's Bio Farm are the leading players operating in the market. Companies are improving the quality of their products to access a 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. Key players are introducing new products in the market to remain competitive and adapt to the shifting needs of their clientele.
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Leading Manufacturer of A2 Ice Cream:
• The a2 Milk Company
• Braum's Inc.
• Alec's Ice Cream
• GoDesi Milk
• Re:THINK
• Miller's Bio Farm
• UNITED FARMERS CREAMERY
• APPLEBY FARMS ICE CREAM
• MOO-ville Creamery
• THAYUMANAVAR A2 DAIRY FARMS PVT LTD
• Amos Miller Organic Farm
• Highland Farms
• PEI ORGANIC FOODS LLP
For instance,
• In 2023, Alec's Ice Cream extended its distribution reach to more retailers, including Sprouts Farmers Markets and Natural Grocers, giving the company a place in the freezer aisle at more than 1,000 retailers.
• In 2020, Re: THINK Ice Cream launched lactose-free ice cream with A2 dairy and collagen, catering to consumers who are averse to dairy but still want the traditional dairy ice cream experience.
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Get More Valuable Insights
Future Market Insights (FMI) brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. The global A2 ice cream market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights into the A2 ice cream market segment based on flavor (vanilla, fruit flavor [strawberry, mango, orange], chocolate, maple, latte), packaging (cups, cones, tubs, and others), distribution channel (hypermarket/supermarket, convenience stores, departmental stores, wholesale stores, specialty health and wellness stores, independent retailers, specialty stores, pharmacies and drugstores and online retailers), and region