Plant Collagen Market is Estimated to Witness High Growth Owing to Opportunity in Skin Care Industry
Plant collagen provides various health benefits such as improved skin health, joint and bone support, and digestive health. It is a highly effective substitute to animal collagen extracted from bones, cartilage, and skins. 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 key trends: The plant collagen market is witnessing rapid growth due to the rising trend of veganism and plant-based diet. According to data, around 10% of the US population now follows a vegan diet which is significantly fueling the demand for plant-based collagen. Moreover, plant collagen poses lower risks of disease transmission such as BSE or "mad cow disease" compared to animal collagen which is another major growth driving factor. Plant collagens are also relatively cheaper to produce and more ethically obtained t...