Vietnam Collagen Supplement Market By Type (Powdered, Capsules and Gummies, Drinks and Shots), By Distribution Channel (Pharmacies and Drug Stores, Online, and Hypermarkets and Supermarkets), By Region, Competition, Forecast, and Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVietnam Collagen Supplement Market By Type (Powdered, Capsules and Gummies, Drinks and Shots), By Distribution Channel (Pharmacies and Drug Stores, Online, and Hypermarkets and Supermarkets), By Region, Competition, Forecast, and Opportunities, 2018-2028F
| 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.
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.
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.
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.
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.
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
- InDecember 2021, ForeWin Vietnam introduced SAEJIN WHITE, a super glutathionecollagen capsule, into the market. This capsule product integrates potentcomponents including glutathione sourced from yeast extract, a blend of variousberries, vitamin C, and other essential nutrients aimed at rejuvenating andaiding in the recovery of damaged skin.
- InNovember 2021, Nestlé Health Science (NHS), a prominent global player in therealm of nutritional science, acquired a majority share in Vital Proteins. Thiscompany offers a comprehensive lifestyle and wellness platform featuring arange of collagen supplements, beverages, and food products in Vietnam.
Key Market Players
- ShiseidoCo. 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 |
|
|
|
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy