Vietnam Collagen Supplement Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Vietnam Collagen Supplement Market Growth

By the year 2035, Vietnam is projected to become an aged society. Collagen supplements have gained popularity in recent years to combat the effects of ageing on the skin and joints. Ageing customers are turning to collagen as a natural way to improve their skin's appearance and maintain joint health, leading to the Vietnam collagen supplement market expansion.

The market has witnessed numerous product innovations, such as capsules, flavoured powders, and ready-to-drink collagen beverages. The presence of these various product forms accommodates a wide range of consumer preferences, thus expanding the market. Furthermore, the ease of purchasing these products through multiple channels, including online stores and pharmacies, improves accessibility and drives sales, consequently driving the market expansion.

Moreover, the rise of beauty supplements, also known as "nutricosmetics," is becoming more prevalent. There is a growing demand from consumers for items that support beauty from the inside out, with collagen supplements being promoted for their ability to improve hair, skin, and nail health, consequently expanding the Vietnam collagen supplement market size.

To improve taste and capture a larger customer base, numerous brands provide flavoured collagen options to suit various preferences and make these supplements more attractive. Nowadays, social media influencers and celebrities have a substantial influence on consumer behaviour. Their endorsements build a sense of trust and credibility, leading to increased adoption among their fan bases. As a result, collagen supplements are also readily accessible in various retail outlets and online, contributing to their growing popularity.

Key Trends and Developments

Vietnam Collagen Supplement Market Trends

The collagen supplement market in Vietnam is witnessing significant expansion, influenced by changing consumer preferences and emerging market trends. A prominent trend is the heightened emphasis on health and beauty, with an increasing number of Vietnamese consumers pursuing supplements that enhance skin health, combat ageing, and promote overall wellness. Collagen is especially favoured for its established advantages in improving skin elasticity, diminishing wrinkles, and aiding joint health.

As per the Vietnam collagen supplement market analysis, the burgeoning beauty and personal care sector is propelling the demand for collagen supplements, as these products are frequently incorporated into everyday skincare and wellness regimens. The growth of Vietnam's middle-class population, along with rising disposable incomes, further facilitates increased expenditure on health and beauty items, including high-quality collagen supplements.

Vietnam Collagen Supplement Industry Segmentation

Vietnam Collagen Supplement Market Share

Based on the source, the market is segmented into animal based and marine based. The animal-based segment is projected to grow at a CAGR of 6.9% during the forecast period of 2024-2032. The increasing popularity of animal-derived collagen can be attributed to its enhanced bioavailability and efficacy in supporting the health of skin, joints, and bones, leading to Vietnam collagen supplement market expansion. Obtained from sources such as bovine, fish, and poultry, it is particularly preferred in beauty, wellness, and sports supplements due to its ability to deliver quicker results.

Leading Companies in the Vietnam Collagen Supplement Market

Major players in the market are investing heavily in sustainable manufacturing practices to improve Vietnam collagen supplement market outlook.

Nestlé S.A

Established in 1867 and located in Vevey, Switzerland, Nestlé stands as a prominent global entity in the fields of health, nutrition, and wellness. The company provides an extensive array of beverages, food, and nutritional supplements, serving diverse markets around the world.

Applied Nutrition Ltd.

Founded in 2008 and situated in Liverpool, UK, Applied Nutrition is dedicated to the realm of sports nutrition...

Fujifilm Holdings Corporation

Established in 1934 and based in Tokyo, Japan, Fujifilm is a multinational enterprise recognised for its advan...

OITA BEAUTY LLC

Founded in 2020 and headquartered in New York, USA, OITA BEAUTY specialises in beauty and wellness products, w...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the market are Nucos Cosmetics, Herbalife International of America, Inc., Amway Corp., TIENS Group, and Nu Skin Enterprises Inc., among others.