By 2022, the marine collagen market is projected to be worth USD 782.3 million, growing at a 6.8% CAGR between 2022 and 2032.
Consumption of supplements derived from marine collagen may reduce the risk of bone diseases such as osteoporosis. It promotes bone mineral density (BMD) and lowers the risk factors for heart disease such as atherosclerosis.
As a result of growing consumer awareness about the health benefits of marine collagen, there is a high demand for marine collagen-based supplements with high protein content. The market for marine collagen is expanding rapidly as a result of its numerous applications.
Marine collagen-based formulations are emerging as promising solutions for the Personal Care industry, which is always looking for new, sustainable, and effective products. Some of the characteristics of marine collagen that drive the market growth include its ability to improve skin comfort, nourish the epidermis, increase skin elasticity, condition, and filmogen skin and hair, and neutralize the side effects of surfactants.
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Key Takeaways from Market Study
- Food and beverage is a major application industry for marine collagen, and COVID-19’s negative effects have harmed the marine collagen market.
- In terms of the hub producing marine collagen, China will maintain its dominance.
- For many years, the United States has encouraged fishing, and these countries’ fisheries have been efficiently producing output, with a few being the world’s largest.
- Marine collagen by type I is expected to hold the largest share of the marine collagen market by type.
“The rise in demand for supplements to control healthcare costs is expected to be a major factor driving the growth of the marine collagen market during the forecast period. Furthermore, an increase in the sales of marine collagen-based supplements is expected to propel the marine collagen market forward,” says a lead analyst at Future Market Insights.
Competitive Landscape
Product launches, product approvals, and other organic growth techniques, such as patents and events, are being prioritized by a number of companies. Acquisitions and partnerships, as well as collaborations, were identified as two inorganic growth strategies in the market.
Some of the key players in the Marine Collagen Market include Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, Gelita AG, Nitta Gelatin, Weishardt Group and Amicogen.
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Future Market Insights, in its new offering, provides an unbiased analysis of marine collagen presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
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Marine Collagen Market by Category
By Source, Marine Collagen Market is Segmented as:
- Skin
- Muscles
- Scales
- Bones& tendons
By Animal Type, Marine Collagen Market is Segmented as:
- Fish
- Marine organisms
By Application, Marine Collagen Market is Segmented as:
- Cosmetic
- Healthcare
- Medical
- Nutraceuticals
By Region, Marine Collagen Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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Frequently Asked Questions
- How much is the Marine collagen market currently worth?
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- How was the performance in the last five years?
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- How are market players reacting to the new developments in the market?
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- At what rate will the U.S. marine collagen market grow?
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About Future Market Insights (FMI)
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