The fish collagen peptides market is experiencing robust growth, with an estimated valuation of USD 783.75 million in 2023, projected to reach USD 1,217.14 million by 2033, at a CAGR of 4.5%. Key factors driving this growth include rising health consciousness, increasing demand for high-protein products, and expanding applications in pharmaceuticals and cosmetics.
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Demand Drivers:
- Rising bone-related issues and the need for high-protein products are fueling demand for fish collagen peptides.
- Increased production by food & beverage manufacturers to maintain bone health and anti-aging properties is driving market growth.
- Growing adoption in the pharmaceutical sector for pain management and healing processes is further boosting demand.
- Innovations in product development and advanced technologies are attracting consumers towards fish collagen peptides.
- Rising consumer awareness of health benefits and preference for fat-free, nutrient-rich foods is propelling market trends.
- Fish collagen peptides’ ability to improve skin health, prevent bone damage, and enhance muscle mass is driving rapid sales.
- Nutrition experts endorse fish collagen peptides as safe supplements that aid digestion and promote heart health.
- The cosmetic sector, especially in European countries, is witnessing significant growth due to increased adoption of fish collagen peptides.
Challenges and Opportunities:
- Substitute products may pose challenges to market growth, particularly among young consumers focused on healthy lifestyles.
- Promoting health and beauty benefits can increase sales of fish collagen peptides despite competition and high costs.
- Nutraceuticals sector initiatives are driving market opportunities, with increasing demand for functional food and dietary supplements.
- Rising awareness about health and government initiatives are expanding the global market for fish collagen peptides.
Innovation of Beauty Products in the Cosmetic Industry Upsurge the Market Growth
The cosmetic industry innovates products related to hair, nails, skin, and others. Adopting fish collagen peptides in these beauty products to remove dull skin, wrinkles, aging, and dark spots are flourishing the market size. The top beauty industries are increasing the demand for fish collagen peptides to make serums, shampoo, lotion, nail paints, creams, and concealers.
Manufacturers focus on consumers’ expectations and develop organic and non-toxic beauty products that expand market opportunities. The growing popularity of make-up to look beautiful among millennials fuels market opportunities. Due to changing lifestyles and busy schedules, consumers need to care more about their skin and hair routines. The innovation of these beauty products is genuinely a key solution to maintaining their look stylish with personal care.
Key Takeaways:
- The fish collagen peptidesmarket is expected to have a valuation of US$ 1,217.14 million by 2033.
- With a CAGR of 4.5%, the global market is increasing from 2023 to 2033.
- The United States fish collagen peptides marketis anticipated to secure a maximum share through 2033.
- In the historical period, the market secured a CAGR of 4.1% between 2017 and 2022.
- In the historical period, the market captured US$ 752.88 million between 2017 and 2022.
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Who is Winning?
The key players are making efforts by investing huge amounts in the global market to acquire maximum profits. The essential players are doing deep research on the market and developing innovative products that satisfy consumers’ requirements. These players adopt marketing tactics, including mergers, product launches, agreements, acquisitions, and partnerships.
Other Key Players in the Market are:
- A. Gelatin Inc
- GELITA AG
- Hangzhou Nutrition Biotechnology Co. Ltd
- Norland Products
- Amicogen
- Nitta Gelatin India Limited
- BHN Co., Ltd
- Lapi Gelatine
- Rousselot
- Nippi Collagen NA Inc
- Tessenderlo Group
- HealthyHey Nutrition
- Vivesa Holding S.R.O.
- Hainan Huayan Collagen Biotech Co. Ltd
- Connoils
Recent Developments in the Fish Collagen Peptides Market are:
- In February 2019, Capsugel, a healthcare company, announced a new agreement with Quadra Chemical Ltd to upsurge its business in Canada. This agreement was held to increase the sales of healthy nutrients and ingredients.
- In 2018, Amicogen, a biotechnology company, signed a deal with Kang Maislin to establish a fish collagen peptides facility in South Korea.
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Fish Collagen Peptides Market by Category
By Source:
- Fins
- Skin
- Scales
- Bones
By Application:
- Nutraceuticals
- Food & Beverages
- Agriculture
- Cosmetics
- Animal Nutrition
- Pharmaceuticals
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)