The global collagen drinks market size is expected to reach a market valuation of US$ 266 million by the year 2023, accelerating at a CAGR of 9% from 2023 to 2033. The market is expected to reach US$ 634.7 million by 2033. Collagen drink sales are likely to be supported by the global dietary supplements market.
According to FMI analysis, the collagen drinks industry is in its early stages of development. It is thus experiencing significant growth as a result of the growth of the cosmetic and personal care industries. Furthermore, there is a rise in demand for collagen drinks as people have become better aware of the benefits of health drinks on beauty and personal care.
The Market is Driven by Following Factors:
- Increasing willingness among people belonging to different age groups to enjoy young-looking skin is impelling the growth of collagen drinks. This is further supported by the fact that the amount of natural collagen in humans starts to dip after reaching a certain age. Thus resulting in saggy skin and related skin problems.
- Growth in discerning consumers is fueling the demand for collagen drinks for its many health benefits.
- Manufacturers have started introducing collagen drinks in handy small-size packaging for consumer convenience. With the launch of innovative packaging solutions for collagen drinks, these can be stored for a longer duration.
- Even tea and coffee brands are attempting to capitalize on the increasing demand for collagen-boosting drinks, by introducing collagen-enhanced beverages. In tandem with this, brands are also focusing on widely advertising the new assortments for better accessibility.
reference from : https://www.futuremarketinsights.com/reports/collagen-drinks-market