The global Marine Collagen market is expected to develop USD 1.5 Bn by 2032, at a compound annual increase in price (CAGR) of 6.8% throughout the forecast period.
.jpg "The Global Marine Collagen Market 2022-2032 (USD Billion)")
Collagen-based skincare and supplement has become widely accepted for the majority of population. Marine collagen is extracted from parts like fresh, scales, bones of the salt-water fishes, squids, sponges, marine algae, and others. Marine collagen leverages easy application and higher absorption rate to use as an additive in the cosmetic products. Besides, it is easy to digest; thus, being increasingly utilized in food supplements.
The global marine collagen market size is predicted to reach over USD 1,137 million by 2028. This can be ascribed to the exhausting and busy lifestyle, where consumption of processed food is increasing, and health-based food is the need of the hour. Besides, consumption of marine collagen-based products has health benefits such as skin regeneration and stronger bones. The use of marine collagen in various sectors such as dietary supplements, cosmetics, functional food & beverages, and others is rising, which is also the key factor driving the market growth for marine collagen.
However, higher manufacturing costs, and high import duty on collagen products are hampering the market growth. Furthermore, the marine collagen market is growing due to technological advancements and increasing R&D activities such as fabrication of collagen scaffolds for tissue engineering, and rise in number of end-use applications, which are likely to provide lucrative development opportunities for the marine collagen market in the forthcoming years.
Marine Collagen Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | USD 1.5 Bn |
| Growth Rate | CAGR of 6.8% during 2022-2032 |
| Segment Covered | By Source, By Animal Type, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Ashland Global Holdings Inc,BHN International Co. Ltd.,Connoils LLC,Darling Ingredients Inc.,Bega Bionutrients,Seagarden AS,Gelita AG,Nitta Gelatin,Weishardt Group,Amicogen |
Key Segments of the Global Marine Collagen Market
Source Type Overview (USD Billion)
- Skin, scales, and muscles
- Bones & tendons
- Others
Animal Type Overview, (USD Billion)
- Fish
- Others
Type Overview, (USD Billion)
- Type I
- Type II
- Type III
Application Overview, (USD Billion)
- Nutraceuticals
- Cosmetics
- Medical
- Others
Regional Overview, (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global marine collagen market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global marine collagen market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the marine collagen industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Source Type, Animal Type, and Application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global marine collagen market. The report will benefit Every stakeholder involved in the marine collagen market.
- Managers within the marine collagen industry looking to publish recent and forecasted statistics about the global marine collagen market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global marine collagen market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The market value of collagen market in 2032 was USD 1.5 Bn
The base year for the report is 2023 in collagen market
the major contenders in the global collagen market Ashland Global Holdings Inc,BHN International Co. Ltd.,Connoils LLC,Darling Ingredients Inc.,Bega Bionutrients,Seagarden AS,Gelita AG,Nitta Gelatin,Weishardt Group,Amicogen
The marine collagen market is growing at a CAGR of 6.8 % during the forecast period.
Over the past few decades, organic and environmental-friendly materials are preferred over synthetic materials. Marine collagen is highly environment-friendly and also sustainable as it is mostly collected from the parts of the thrown away fishes. Such collagen considered as a building block for flexible, durable bones, skin, and connective tissues.
Marine collagen provides more benefit for the skin compared to type II collagen. Apart from building bone strength, such collagen also helps in improving hair, nails, and skin and stabilizes blood sugar. Moreover, Marine collagen is highly bioavailable and helps in replenishing body’s lost collagen. Such collagen combats collagenase enzyme to prevent further collagen breakdown.
Furthermore, rising number of people suffering from joint pain, growing cases of osteoarthritis and osteoporosis, and increasing risk of transmission diseases such as influenza virus infections which are spreading from the type II collagen sources are also fueling the growth in the global marine collagen market. Apart from these, rising demand for beauty products, increasing investments in research and development to discover more benefits of marine collagen, and growing cases of obesity and bacterial dieses also propels demand in the global marine collagen market.
The market is consolidated as several major market players currently hold the major market share. However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Source Type Segment
Based on the Source Type segment, the market is bifurcated into Skin, scales, and muscles, Bones & tendons and others. In 2020, the skin, scales & muscles segment accumulated the maximum market share and it is likely to continue its dominance throughout the forecast years owing to the various applications in the end-use industry.
Animal Type Segment
Based on the Animal Type, the market is segmented into Fish, and Others. The fish segment seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years. The growth of this segment is largely ascribed to the growing use of fish products in collagen production.
Type Segment
Based on the Type, the market is segmented into Type I, Type II and Type III. The Type I segment seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years. The growth of this segment is largely ascribed to the growing demand for Type I as it is the most abundant collagen in the human body and plays a significant role in the extracellular matrix of skin, bones, and tissues. Also, the demand for Type I marine collagen is increasing in cosmetics and medical applications.
Application Segment
Based on the Application, the market is segmented into Nutraceuticals, Cosmetics, Medical, and Others. The Nutraceuticals segment gathered the major market share in 2020 and it is likely to continue its dominance throughout the forecast years. The growing consumption of processed and health-based food products, swiftly rising geriatric population, rising use for cosmetic products, increasing awareness regarding the profits associated with the use of marine collagen in cosmetics products, rising disposable income, increasing demand for processed food products are some of the factors contributing to the growth of marine collagen in nutraceuticals market.
The Asia Pacific region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the rising millennial population of Asian countries, growing adoption of marine collagen by companies in countries such as India, Japan, and China to compete against other regional players. The region is one of the largest producers of marine collagen and is witnessing a robust demand for beauty products and health supplements, which will lead to faster growth in revenues of marine collagen manufacturers. However, the North American region is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the marine collagen market in this region is mostly ascribed to the escalating demand for marine collagen-based products in the region, due to health benefits and nutritional value associated with them. North American consumers, with greater likeability for sauces, candies, and Jellies, are also contributing to the overall market growth.
.png "North American Marine Collagen Market 2019-2028 (USD Million)")
The major players of the global marine collagen market are Nitta Gelatin, Seagarden AS, Darling Ingredients, Nippi Incorporated, Weishardt Group, Cetified Nutraceuticals Inc., ET-Chem, Hangzhou nutrition biotechnology co. Ltd., Norland Products Inc., and Bestskin USA. Moreover, the additional prospective market players in the marine collagen market are Industrias Asociadas S.L., HUM Nutrition Inc., and Ashland Inc. Renowned companies are offering new and modern forms of marine collagen which can be either in liquid or powdered state. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.