The global marine collagen market was valued at approximately USD 1,080.4 million in 2023 and is projected to reach USD 1,167.3 million in 2024. By 2032, the market is expected to grow to USD 2,316.2 million, achieving a compound annual growth rate (CAGR) of 8.94% during the forecast period.
Marine collagen is primarily sourced from fish and other marine organisms and is widely consumed for its immune-boosting and health benefits. Notably, Type 1 marine collagen is becoming increasingly popular due to its significant advantages for skin health. These factors are expected to drive the growth of the marine collagen market.
This information is outlined in the report by Fortune Business Insights™, titled “Marine Collagen Market, 2024-2032.”
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Segmentation:
Fish-based Collagen to Become Popular Due to Its Nutritional Benefits
Based on category, the global market is segmented into fish, algae, and others. The fish segment has captured the single largest marine collagen market share as this type of collagen has high content of minerals, vitamins, proteins, and amino acids.
Bones and Tendons Became Popular Collagen Sources Due to Their High Collagen Concentration
Based on source, the market is segmented into bones & tendons, skin, and others. The bones & tendons segment held the largest market share as the weight of a fish’s bones and tendons is more than that of its other parts, which is why collagen is found in vast quantities in these areas.
Sales of Powder-based Marine Collagen to Rise Due to High Demand from Many Industries
Based on form, the market is segmented into powder and liquid. The powder form holds a major market share as this type of collagen powder is being extensively used by end-users in skincare, dietary supplement, and other industries.
High Protein Content to Increase Product Use of Dietary Supplements
Based on application, the market is segmented into dietary supplements, functional food & beverages, cosmetics, and others. The dietary supplements segment holds the largest market share as this collagen is being widely used in dietary supplements to increase its protein content.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report provides a comprehensive analysis of the marine collagen market, highlighting crucial aspects such as key market players, the competitive landscape, primary sources, various forms, applications, and product categories. It also presents valuable insights into significant market trends and major industry developments. In addition to these factors, the report covers numerous other elements that have contributed to the growth of the market.
Drivers and Restraints:
High Demand for Collagen from Nutraceuticals Sector to Improve Market Growth
The demand for nutraceuticals has surged notably, especially in the wake of the COVID-19 pandemic, as individuals become more health-conscious. Many consumers are now turning to dietary supplements to ensure a balanced intake of essential nutrients, which is anticipated to boost the use of marine collagen within the nutraceuticals sector.
However, the high cost of these products could pose a challenge to market growth.
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Regional Insights:
High Production of Marine Collagen to Help Asia Pacific Grow Fastest in the Global Market
Asia Pacific is expected to experience the highest CAGR in the coming years, as it stands out as one of the largest producers of marine collagen. The growing demand for premium beauty and skincare products is likely to further drive sales of marine collagen-based cosmetics in the region.
Meanwhile, Europe is poised to become a promising market for marine collagen, largely due to its import of various marine-based products from major marine-resource countries such as the Philippines, Indonesia, and Mauritius.
Competitive Landscape:
Market Players to Innovate Products to Gain Market Dominance
The competitive landscape of the marine collagen market is notably fragmented, featuring a diverse mix of local and international players. To address the growing demand for marine collagen in sectors like pharmaceuticals, food and beverage, and cosmetics, these companies are focusing on innovating their existing product lines. Such strategic initiatives are essential for sustaining their market dominance.
Notable Industry Development:
August 2021 – Ajinomoto Health & Nutrition’s Indigo Marine Collagen brand introduced three new flavors, such as blueberry acai, raspberry lime, and dragon fruit. The brand extended and enhanced its range of marine collagen products to give a tropical twist to drinks and introduce more products in the future.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Ashland Inc. (U.S.)
- Certified Nutraceuticals Inc. (U.S.)
- COBIOSA (Spain)
- ETChem (China)
- Hangzhou Nutrition Biotechnology Co., Ltd. (China)
- HUM Nutrition Inc. (U.S.)
- Nitta Gelatin Inc. (U.S.)
- Norland Products Inc. (U.S.)
- Rousselot (U.S.)
- Vital Proteins LLC (U.S.)
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