The new report by Expert Market Research titled, ‘Global Marine Collagen Market Trends, Share, Price, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the marine collagen market, assessing the market based on its segments like application, type, animal, source, and regional markets among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): 627.03 million USD
• Forecast CAGR (2023-2028): 7.19%
Increased demand for marine collagen in the creation of cosmetic items is expected to boost market growth during the projected period, according to application. This is due to the anti-wrinkle and anti-hydration characteristics of marine collagen. Consumer awareness of skin care is predicted to boost demand for marine collagen as a topical cosmetic formulation component for skin restoration, boosting market growth.
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The growing demand for collagen-rich foods, as well as increased awareness of collagen in the medical and healthcare industries, are driving the growth of the marine collagen market. Marine collagen peptides, also known as fish collagen, are obtained from fish or other marine species and are expected to expand in popularity owing to religious limitations about the use of animal (pork and cattle) skin.
However, owing to the difficult and costly method of extracting collagen from marine species and by-products of the fishing industry, the quality of the product acquired from marine life-forms is significantly greater than that derived from porcine or bovine, which may limit the segment’s growth.
Industry Definition and Major Segments
Fish skin may be used to obtain marine collagen. It aids in skin regeneration and provides a high level of hydration. Furthermore, marine collagen can aid in the reduction of wrinkles and the improvement of skin moisture. It also aids in the preservation of skin firmness. Marine collagen falls into the type I and type III collagen categories, and is mostly a fibrous protein obtained from marine fish scales or flesh.
It’s the purest and most powerful kind of collagen, derived mostly from salmon and red snapper. Collagen is a protein that is used to make flexible, durable bones, skin, and connective tissues. Because it is usually gathered from discarded fish parts, marine collagen is both environmentally beneficial and sustainable.
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Based on application, the marine collagen industry can be distributed into:
• Nutraceuticals
• Cosmetics
• Medical
• Others
By type, the market is divided into:
• Type-I
• Type-III
• Others
The market can be broadly categorised, on the basis of animal, into:
• Fish
• Others
The market can be segregated, on the basis of source, into:
• Skin, Scales, and Muscles
• Bones and Tendons
• Others
The major regional markets of the marine collagen market are:
• North America
• Asia Pacific
• Latin America
• Europe
• Middle East and Africa regions
Market Trends
In the projected term, the usage of marine collagen in medical, dental, and pharmaceutical applications is expected to boost market growth. Consumption of collagen has been linked to increased bone density, which can help relieve joint, back, and knee discomfort. Furthermore, the amino acids in marine collagen serve to improve sleep quality while also assisting the body in the production of creatine.
Furthermore, due to its wound-healing characteristics, increased demand for marine collagen in the manufacturing of natural biomaterials is expected to drive market expansion in the coming years. Furthermore, marine collagen is becoming more widely used in cosmetics and beauty products, which may be due to its favourable features, such as better skin elasticity and wrinkle reduction.
Key Market Players
The major players in the market are Titan Biotech Limited, Ashland Global Specialty Chemicals Inc., Darling Ingredients Inc., Weishardt Holding SA, Gelita AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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