portland, OR, April 21, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global collagen supplement market generated $1.82 billion in 2019, and is expected to garner $3.01 billion by 2027, witnessing a CAGR of 6.9% from 2021 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario.
Expansion of the food and beverages industry, increase in demand for good-for-you products, and growth of the retail market drive the global collagen supplement market. However, adoption of veganism hinders the market growth. On the other hand, increase in awareness regarding collagen supplementation presents new opportunities in the next few years.
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Covid-19 Scenario:
- Manufacturing activities of collagen supplements restrained due to the lockdown of facilities with lockdown measures implemented by governments in many countries. Moreover, the supply chain collapsed and procurement of raw materials presented many hindrances.
- The distribution activities of collagen supplements suffered restraints due to closure of specialty stores and ban on deliveries through online channels during the lockdown.
- The manufacturing activities are expected to begin with full capacity during the post-lockdown. Moreover, the supply chain would be…
