Animal Collagen Is The Largest Segment Driving The Growth Of Plant Collagen Market.
Plant Collagen Market The global Plant Collagen Market is estimated to be valued at US$ 6.46 Bn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Plant collagen is a protein derived from plants as an alternative to animal collagen. It provides structural support to skin, muscles, and bones. Plant collagen helps boost hydration, elasticity, and firmness of the skin. Market key trends: One of the key trends in the plant collagen market is the increasing demand for vegan and plant-based products. More number of consumers are preferring vegetarian food products and nutritional supplements sourced from plants over animal-derived products owing to health, ethical, and environmental reasons. According to research, the global vegan food market is expected to reach $24.3 billion by 2026, growing at a CAGR of 11% over the forecast period. This rising demand for v...