Analyst Perspective
The global marine collagen market is estimated to register a CAGR of 7.6%. The marine collagen market is anticipated to grow in the forecasted period due to the increasing demand for natural and sustainable ingredients, the increasing awareness of the health benefits of the collagen market, and the rising popularity of anti-aging products. The lack of awareness about the benefits of marine collagen among some consumers high cost of collagen compared to other sources of collagen, such as bovine collagen, are significant challenges that may hamper the growth of the marine collagen market. Rising demand for natural and sustainable ingredients, expanding its application, and focus on bioavailability are significant growth opportunities for the marine collagen market.
Market Overview
Marine collagen is extracted from fish and other marine organisms. Marine collagen falls in the type I and type III collagen categories, representing a fibrous protein sourced from sea fish scales or meat. One of the key advantages of marine collagen is its high bioavailability, which means it can easily absorbed by the body, making it more effective than other forms of collagen. The marine collagen market is thriving as more consumers in developed countries with higher incomes are increasingly interested in collagen-based products. There's a significant demand in the sports nutrition sector, driven by global health-conscious trends. As disposable income rises, people are willing to spend more on healthy and wellness products, which drives the demand for marine collagen, a premium ingredient. Manufacturers are constantly developing new and innovative marine collagen products, which help drive the market's growth. The market's robust future is also supported by advanced manufacturing and the versatility of marine collagen applications.
Market Drivers
- Consumers are increasingly interested in products made with natural and sustainable ingredients. Marine collagen is a natural collagen source derived from fish waste.
- Collagen is a protein found in skin, joints, and bones. It is necessary for maintaining healthy skin, joints, and bones. As people age, their collagen production declines, leading to wrinkles, joint pain, and other problems. Marine collagen effectively increases collagen levels in the body, which is helpful to improve skin health, joint health, and bone health.
Market Segmentation
The global marine collagen market is segmented based on type, source, animal, and application. The global marine collagen market is segmented based on type I, III, and others. The marine collagen market is segmented based on source into skin, scale, muscles, bones and tendons, and others. The marine collagen market is segmented based on animal fish and marine organisms. Based on application, it is into nutraceuticals, cosmetics, dietary supplements, medical, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global marine collagen market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The marine collagen market by region is also sub-segmented by respective countries and segments. The marine collagen market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the marine collagen market from both the demand and supply sides. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the marine collagen market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the marine collagen market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the marine collagen market are anticipated to have lucrative growth opportunities with the increasing demand for sustainable products in the global market.
The report includes key companies' profiles, SWOT analysis, and marine collagen market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the marine collagen market.
- Ashland
- Darling ingredients
- BHN International
- Gelita
- Amicogen
- Nitta Gelatin
- Seagarden
- Nippi Inc
- Vital proteins
- Titan Biotech