The global marine collagen market is anticipated to be worth US$ 782.3 million by 2022, growing at a 6.8% CAGR between 2022 and 2032.
The market for marine collagen is rapidly expanding as customers seek natural and sustainable alternatives in the beauty and wellness industries. Because of its higher bioavailability and environmentally benign supply from fish waste, marine collagen is becoming increasingly popular. The industry is being propelled forward by rising health consciousness and need for effective anti-aging solutions.
Taking marine collagen supplements may lower your risk of acquiring bone illnesses such as osteoporosis. It increases BMD while lowering atherosclerosis and other risk factors for heart disease.
The growing consumer awareness of the health benefits of marine collagen-based supplements with high protein levels is driving higher demand for these supplements. The market for marine collagen is rapidly expanding due to its numerous applications.
Marine collagen-based formulations have potential in the Personal Care sector, which is always looking for new, eco-friendly, and efficient solutions. Marine collagen has a number of qualities that aid in improving skin comfort, nourishing the epidermis, promoting skin elasticity, conditioning and filmogen skin and hair, and resisting surfactant toxicity.
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Key Takeaways from the 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.
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?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Marine collagen sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 5 companies hold?
- Which are the major countries driving demand for Marine collagen?
- Who are the major players in Marine collagen Market?
- What outlook does APAC provide?
- At what rate will the U.S. marine collagen market grow?
- At what level does the report reflect pricing analysis?
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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