The global marine collagen market size is likely to attain over USD 1,137 million by the year 2028. Besides, it is likely to project a CAGR of nearly 7.9% during the forecast years 2021-2028. 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.
The present and future marine collagen market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the marine collagen market opportunities during the forecast years. Factors such as the exhausting and busy lifestyle, where consumption of processed food is increasing, and health-based food is demanded, are the key factor driving the market growth for marine collagen.
Also, The use of marine collagen in various sectors such as dietary supplements, cosmetics, functional food & beverages, and others is rising, which is another factor driving market growth. However, high import duty on collagen products are hampering the market growth. Furthermore, rise in number of end-use applications is likely to provide lucrative development opportunities for the marine collagen market in the forthcoming years.
The report also emphasizes several distinctiveness of the global marine collagen industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the marine collagen industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The marine collagen market has tough competition among the new emerging and pre-established market vendors. Besides, the marine collagen industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the application, the market is categorized into Nutraceuticals, Cosmetics, Medical, and Others. The Nutraceuticals segment is predicted to achieve the largest growth during the forecast years 2021-2028. 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 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 greater likeability for sauces, candies, and Jellies. However, 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 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 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.
Segment Overview of Global Marine Collagen Market
Source Type Overview, 2019-2028 (USD Million)
- Skin, scales, and muscles
- Bones & tendons
Animal Type Overview, 2019-2028 (USD Million)
Type Overview, 2019-2028 (USD Million)
- Type I
- Type II
- Type III
Application Overview, 2019-2028 (USD Million)
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America