LAMEA Collagen Drinks Market By End User (Male and Female), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies, Online Sales Channel and Other Distribution Channels), By Packaging Type (Glass Bottle and Plastic Bottle), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Collagen Drinks Market would witness market growth of 17.4% CAGR during the forecast period (2021-2027).
All collagen products such as powder, supplements and collagen drinks vary from one another. Home brands are being promoted by drugstores and brands like Vital Proteins and Perfectil are providing collagen supplements according to requirements. Collagen drinks take a couple of months to bring up results. Results can be seen in a person slowly but surely if collagen supplements and drinks are taken in moderation. There is a steady growth in the sales of collagen drinks. For instance, Beauty brands like Sheishedo have released their collagen drinks following the trend.
The increasing beauty consciousness among people is contributing to the demand for the collagen drinks market. This demand is attributed to the rise in income levels among customers in developing nations along with the powerful influence of social media advertising.
Brazil is a nation with a solid focus on beauty and an expanding nutricosmetic market. Consumers across this nation are highly investing in numerous beauty supplements and drinks. Since women across the region are becoming more conscious about their beauty and skin, companies would invest more in the development of new collagen products. Consumption of collagen is very helpful in enhancing the quality of sleep, along with this, several studies suggested that the consumption of collagen can help in improving gut health and muscle mass, which is motivating customers to consume them on regular basis.
The Brazil market dominated the LAMEA Collagen Drinks Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15.10 million by 2027. The Argentina market is anticipate to grow at a CAGR of 18.1% during (2021 - 2027). Additionally, The UAE market would showcase CAGR of 17.1% during (2021 - 2027).
Based on End User, the market is segmented into Male and Female. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Pharmacies, Online Sales Channel and Other Distribution Channels. Based on Packaging Type, the market is segmented into Glass Bottle and Plastic Bottle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amorepacific Corporation, Asterism Healthcare Group, ATP Science Pty Ltd., Hangzhou Nutrition Biotechnology Co., Ltd., Heivy, Kino Biotech Co., Ltd. (Kinohimitsu), TCI Co., Ltd., Shiseido Company, Limited, Welbloom Bio Co., Ltd., and Wolfson Holdco Limited (Bauer Nutrition).
Scope of the Study
Market Segments Covered in the Report:
By End User
By Distribution Channel
- Online Sales Channel
- Other Distribution Channels
By Packaging Type
- Glass Bottle
- Plastic Bottle
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Amorepacific Corporation
- Asterism Healthcare Group
- ATP Science Pty Ltd.
- Hangzhou Nutrition Biotechnology Co., Ltd.
- Kino Biotech Co., Ltd. (Kinohimitsu)
- TCI Co., Ltd.
- Shiseido Company, Limited
- Welbloom Bio Co., Ltd.
- Wolfson Holdco Limited (Bauer Nutrition)
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