Redding, California - August 21, 2024
Marine Collagen Market to be Worth $2.32 Billion by 2031
Marine Collagen Market Size, Share, Forecast, & Trends Analysis by Type (Type I, Type II, Type III), Category (Fish, Algae), Source (Skin, Scales, and Muscles, Bones and Tendons), Application (Dietary Supplements, Cosmetics) - Global Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled, ‘Marine Collagen Market Size, Share, Forecast, & Trends Analysis by Type (Type I, Type II, Type III), Category (Fish, Algae), Source (Skin, Scales, and Muscles, Bones and Tendons), Application (Dietary Supplements, Cosmetics) - Global Forecast to 2031.’
According to this latest publication from Meticulous Research®, the marine collagen market is expected to reach $2.32 billion by 2031 at a CAGR of 12.4% during the forecast period from 2024 to 2031. The growth of this market is driven by several factors, including the rising demand for marine collagen in the cosmetics industry, increasing consumer awareness of its health benefits, a shift towards a healthy lifestyle and high protein consumption, and ongoing innovation and new product developments.
However, the high production costs of marine collagen pose a constraint on market growth. Conversely, rising demand from the nutraceutical industry and increasing adoption in emerging economies in Asia-Pacific and Latin America—driven by population growth, higher disposable incomes, and growing awareness of its benefits—are expected to create significant growth opportunities for stakeholders in the marine collagen market. On the other hand, stringent regulatory requirements and a lack of awareness about marine collagen present major challenges to market growth.
Prominent trends in the global marine collagen market include ethically sourced and sustainable marine collagen-based products and the growing adoption of marine collagen in functional foods and beverages.
Key Players:
Some of the key players operating in the marine collagen market are Ashland Inc. (U.S.), Darling Ingredients Inc. (U.S.), Weishardt (France), GELITA AG (Germany), Nitta Gelatin Inc. (Japan), Seagarden AS (Norway), Titan Biotech Limited (India), ITALGEL S.p.A. (Italy), Amicogen Co., Ltd. (South Korea), BHN Co., Ltd. (Japan), ConnOils LLC (U.S.), HUM Nutrition Inc. (U.S.), Vital Proteins LLC (U.S.), Hangzhou Nutrition Biotechnology Co., Ltd. (China), and ETChem (China).
The marine collagen market is segmented based on type (type I, type II, type III, and other types), category (fish, algae, and others), source (bones & tendons, skin, scales, & muscles, and other sources), application (dietary supplements, functional food and beverages, cosmetics, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
By type, in 2024, the type I segment is expected to account for the largest share of 45% of the marine collagen market. The segment's large market share is primarily due to its benefits in improving skin health, promoting anti-aging effects, and supporting overall wellness. Furthermore, increasing awareness of the health advantages of type 1 marine collagen, including its potential to enhance joint health, strengthen hair and nails, and contribute to overall vitality, has significantly driven demand for this segment. Moreover,
By category, in 2024, the fish segment is expected to account for the largest share of the marine collagen market. Fish are regarded as the primary source of marine collagen, with their skin, scales, and cartilage serving as rich reservoirs for collagen extraction. This segment dominates the market due to its high collagen content, high bioavailability, sustainability, broad cultural and dietary acceptance, and diverse applications.
By source, in 2024, the bones & tendons segment is expected to account for the largest share of the marine collagen market. This segment’s substantial market share is primarily attributed to the effectiveness of collagen sourced from bones and tendons in enhancing skin elasticity, bone strength, and joint health. Additionally, this collagen contains type II collagen, which is especially beneficial for joint health. It helps preserve cartilage integrity and supports joint flexibility and mobility, making it a valuable supplement for individuals with joint concerns or those aiming to maintain healthy joints.
By application, in 2024, the dietary supplements segment is expected to account for the largest share of 39.5% of the marine collagen market. The significant market share of this segment is primarily due to its numerous health benefits, such as enhancing skin elasticity, hydration, and overall well-being. Moreover, increasing awareness of the health benefits of marine collagen-based supplements, a growing preference for natural and sustainable products, and the expansion of the health and wellness industry contribute to the growth of this segment.
By geography, in 2024, North America is expected to account for the largest share of 33.4% of the marine collagen market. The marine collagen market in North America is projected to reach $466.1 million by 2024. This large market share is driven by several key factors, including increasing consumer awareness of health, a well-established cosmetics and personal care industry, a rising preference for natural and sustainable ingredients, and a growing consumption of functional foods.
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of type, category, source, application, and geography?
- What is the historical market size for marine collagen across the globe?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the marine collagen market?
- Who are the major players in the market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape like in the marine collagen market?
- What are the different strategies adopted by the major players in the marine collagen market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the marine collagen market, and how do they compete with other players?
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