Global Marine Collagen Market to Surpass US$ 1.8 Bn by 2030
The global marine collagen market is projected to reach US$ 1.8 Bn by the end of 2030. The market was valued at US$ 960 Bn in 2019. The report forecasts the market to exhibit a CAGR of 6.80% between 2020 and 2030. North America and Asia Pacific are likely to offer lucrative growth opportunities to the market in the coming years.
Key Research Findings
- Marine collagen has low molecular weight compared to other types of collagen and provides better healing, nutrition and repair, fueling its adoption.
- Collagen scales & skin remain preferred, as marine collagen made from fish skin helps mitigate environmental contamination and is an excellent protein source.
- The marine collagen supplement stimulates the synthesis of collagen in the bones, encouraging bone building cells.
- Food safety authorities have approved the use of marine collagen in pharmaceutical and foodstuffs due to its high protein content and multiple health benefits.
- The marine collagen development process should be thoroughly validated and sufficiently stable for the reproducible and reliable removal of any potentially harmful pathogens in humans.
- In terms of its amino acid composition and biocompatibility, collagen derived from sea animals has been shown to be similar to traditional bovine and porcine collagen.
Key Factors Determining Marine Collagen Market Growth:
Marine Collagen Offers Wide Range of Health Benefits
Marine collagen peptides, particularly the Type III ones, offer a host of benefits, including improving healthy hair and nail growth, improving skin elasticity and hydration, and supporting joint health and function, bone strength and healthy body composition. Such benefits have augmented the demand for marine collagen products among consumers.
Rising Applications in the Cosmetic Industry
The demand for marine collagen has registered an uptick, especially in the cosmetic industry. Marine collagen peptides are used as anti-aging formulae in various cosmetic products. Therefore expansion of the cosmetics and skincare industry will prove to be a boon for the market in the coming years.
COVID-19 Impact Analysis on Market
The outbreak of the coronavirus has significantly affected global markets. Brokers and analysts have warned that the decline in demand for freight transport would have an impact on the industry in the coming months. The coronavirus has become a global phenomenon which affects both the economy and transportation. Industry demand and supply is currently at stake, as the bulk of the production is halted in the Chinese ecosystem. The current coronavirus situation has resulted in a setback for the marine collagen market. In terms of tracking forward progress, predicting the future of the marine collagen market meanwhile will depend on the overall impact of COVID-19 crisis.
Marine Collagen Market Structure Analysis
- Some of the prominent players operating in the global marine collagen market are 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.
- Established food and beverage companies are shifting towards defending and improving their market position, both through product creation & innovation and inorganic growth through the acquisition of new disruptor brands and products.
Report Scope
|
Report Metric |
Details |
|
Base year considered |
2020 |
|
Actual estimates/Historical data |
2015 - 2019 |
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Forecast period |
2020 - 2030 |
|
Forecast units |
Value (USD) Bn |
|
Segments covered |
Animal Type, Application, Source and Region |
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Regions covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA |
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Key Players |
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 |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Demand for Fish Collagen to Rise in Pharmaceuticals and Cosmetics Industry, Bones and Tendons to Show High Growth in Terms of Source
Fish is one of the most widely used sea animals for marine collagen extraction. In addition to fish, other marine species such as jellyfish and sponges are also used for marine collagen extraction. Collagen extracted from fish is considered to be highly bioavailable because it can be processed up to 1.5 times more easily in the body; this is due to its lower molecular weight and scale. It may also be effective in the treatment of many acute & chronic illnesses such as influenza, asthma, cancer, and Alzheimer's. These factors are responsible for the growing demand among manufacturers for fish collagen for the production of pharmaceuticals, food supplements and cosmetics.
In terms of source, the market can be segmented into skin, scales and muscles, bones and tendons, and others segment. While the others segment currently holds dominance, growth exhibited by the bones and tendons segment over the forecast period is likely to be higher.
Asia Pacific Projected to Account Largest Share in Market
Asia Pacific currently leads the global market for marine collagen. Owing to the rising demand for health supplements, the marine collagen market is growing more rapidly in Asia Pacific. Due to its high protein content and various health benefits, the Food Safety authorities have approved the use of marine collagen in pharmaceutical and food products. However, the high cost of marine collagen processing could hamper global market growth during the review period. Growing aging population, rising malnutrition cases, and increasing numbers of bone disease are also responsible for fueling this region's global marine collagen market. However, rising numbers of patients in Asia Pacific suffering from various joint disorders make this region display a significantly rapid growth.
Medical and Health-Related Issues have led to the Rising Demand
Rapidly rising aging population and increasing consumption of processed and health-based food products is a key factor expected to drive growth over the forecast period of the global marine collagen market. Broad use of marine collagen in various industries such as medicinal products and nutraceuticals is another factor expected to drive market development. Another factor expected to fuel the growth of the global marine collagen market over the forecast period is growing usage for cosmetic products as well as rising awareness of the benefits associated with the use of marine collagen in cosmetics products. Growing disposable income and rising demand for processed food products are expected to fuel market growth over the forecast period. The through health and medical problems have led to growing applications in the medical industry. However, from a religious point of view, the restrictions relating to bovine and porcine products have allowed medicinal manufacturers to go for animals such as fish as a source of marine collagen.
Fish held the leading market share
Others segment forecast to higher rate of growth
Nutraceuticals segment holds dominance
Cosmetics segment to rise at a higher CAGR
Skin, scales, and muscles products segment holds dominance
Bones & tendons segment to rise at a higher CAGR
How Growth will Unfold
Growth in the global marine collagen market is driven primarily by increasing demand for a balanced lifestyle and high protein consumption. The increasing demand for processed foods to provide incentives for collagen-infused functional foods represents substantial growth opportunities for the marine collagen market. Strong import duty is likely to curb this market's growth over the forecast period. Nutraceutical producers are pursuing marketing techniques that make goods readily available to customers. It is one of the key forces in rising the market for collagen peptides.
Owing to the growing population, rising disposable income and changing customer habits, the Asia Pacific region is experiencing the highest demand for functional food items. Thanks to changing habits, change in market focus towards packaged food items such as frozen foods and RTE meals. The use of marine collagen to accentuate the organoleptic properties of the food & beverage products offers an incentive for business development for higher marketability. The demand for the marine collagen market is rising, with the increasing preference for convenience foods.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Marine Collagen Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Marine Collagen market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Marine Collagen market, the growth prospects of the market are obtained with maximum precision.
Marine Collagen Market Taxonomy
The global Marine Collagen market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Source Type
- Skin, scales, and muscles
- Bones & tendons
- Others
Animal Type
- Fish
- Others
Application
- Nutraceuticals
- Cosmetics
- Medical
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
What's Included
The executive summary of the Marine Collagen market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Marine Collagen market.
Readers can find the detailed segmentation and definition of the Marine Collagen market in this chapter, which will help them understand basic information about the Marine Collagen market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Marine Collagen market report.
The associated industry assessment of the Marine Collagen market is carried out in this section. The macroeconomic factors affecting growth of the Marine Collagen market are provided in this section and the impact of these macroeconomic indicators on the Marine Collagen market is analyzed. The processing overview and technological advancements in the Marine Collagen market is also provided.
Profit margins at each level of the Marine Collagen market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Marine Collagen market.
The drivers and restraints impacting the growth of the Marine Collagen market are explained in this chapter. Opportunities and ongoing trends in the Marine Collagen market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Marine Collagen market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Source Type, the Marine Collagen market is segmented into Skin, scales, and muscles, Bones & tendons, and Others. In this chapter, readers can find information about key trends and developments in the Marine Collagen market and market attractiveness analysis based on raw material.
Based on Animal Type, the Marine Collagen market is segmented into Fish and Others. In this chapter, readers can find information about key trends and developments in the Marine Collagen market and market attractiveness analysis based on raw material.
Based on Application, the Marine Collagen market is segmented into, Nutraceuticals, Cosmetics, Medical, and others. In this chapter, readers can find information about key trends and developments in the Marine Collagen market and market attractiveness analysis based on raw material.
This chapter explains how the Marine Collagen market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Marine Collagen market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Marine Collagen market in Latin America. This chapter also includes growth prospects of the Marine Collagen market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Marine Collagen market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Marine Collagen market.
This chapter includes a detailed analysis of the growth of the Marine Collagen market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Marine Collagen market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Marine Collagen in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Marine Collagen market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Marine Collagen market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Nitta Gelatin, Seagarden AS, Darling Ingredients, Nippi Incorporated, Weishardt Group, ProPlenish, Vital Proteins LLC., Certified Nutraceuticals Inc., Nutrawise Health & Beauty Corporation, Norland Products Inc., ETChem, Vinh Hoan Corporation, COBIOSA, BESTSKIN USA, Ashland, LAPI GROUP SpA,, HiMedia Laboratories, Amicogen, Inc., BHN Co., Ltd, Juncà Gelatines SL, HUM Nutrition Inc, and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Marine Collagen report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Marine Collagen market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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