PUBLISHER: Meticulous Research | PRODUCT CODE: 1576668
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576668
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 a new market 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,' published by Meticulous Research(R), the marine collagen market is projected to reach $2.32 billion by 2031, at a CAGR of 12.4% from 2024 to 2031. The report provides an in-depth analysis of the marine collagen market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.
The growth of the marine collagen market is primarily driven by the rising demand for marine collagen in the cosmetics industry, growing consumer awareness regarding the health benefits of marine collagen, consumer inclination toward a healthy lifestyle and high protein consumption, and increasing innovation and new product developments. However, the high production cost of marine collagen restrains the growth of this market to some extent.
Furthermore, the growing demand from the nutraceutical industry and increasing adoption of dietary supplements in emerging economies of Asia-Pacific and Latin America, owing to the population growth, rise in disposable income, and growing awareness about its benefits, are expected to generate significant growth opportunities for the stakeholders in the marine collagen market. On the other hand, stringent regulatory requirements and a need for more awareness about marine collagen pose major challenges to market growth.
Furthermore, ethically sourced and sustainable marine collagen-based products and the growing adoption of marine collagen in functional food and beverages are the key trends in the marine collagen market.
Key Players
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).
Based on type, the marine collagen market is segmented into type I, type II, type III, and other types. In 2024, the type I segment is expected to account for the largest share of 45% of this market. The substantial market share of this segment is attributed to its benefits in enhancing skin health, promoting anti-aging effects, and supporting overall wellness. Additionally, growing awareness of the health benefits of type 1 marine collagen, such as its potential to support joint health and improve hair and nail strength, has further driven its demand.
Based on category, the marine collagen market is segmented into fish, algae, and other categories. In 2024, the fish segment is expected to account for the largest share of 72.5% of this market. Fish are recognized as the primary source of marine collagen. Their skin, scales, and cartilage are rich in collagen and provide a sustainable resource for collagen extraction.
Based on source, the marine collagen market is segmented into bones & tendons, skin, scales, & muscles, and other sources. In 2024, the bones & tendons segment is expected to account for the largest share of this market. This segment's large market share is due to the effectiveness of collagen derived from bones and tendons in enhancing skin elasticity, bone strength, and joint health. Additionally, collagen from bones and tendons contains type II collagen, which is particularly beneficial for joint health. It helps maintain cartilage integrity and supports joint flexibility and mobility, making it a valuable supplement for individuals with joint issues or those seeking to maintain healthy joints.
Based on application, the marine collagen market is segmented into dietary supplements, functional food and beverages, cosmetics, and other applications. In 2024, the dietary supplements segment is expected to account for the largest share of 39.5% of this market. This segment's significant market share is due to its health benefits, including enhanced skin elasticity, hydration, and overall well-being. Additionally, growing awareness of the benefits of marine collagen-based supplements, increasing preference for natural and sustainable products, and the expansion of the health and wellness industry contribute to its prominence.
Based on geography, the marine collagen market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 33.4% of this market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The marine collagen market in North America is estimated to reach USD 466.1 million in 2024. North America's significant market share can be attributed to several key factors, including increasing consumer awareness about health, a well-established cosmetics and personal care industry, a growing preference for natural and sustainable ingredients, and rising consumption of functional foods.
Marine Collagen Market Assessment-by Type
Marine Collagen Market Assessment-by Category
Marine Collagen Market Assessment-by Source
Marine Collagen Market Assessment-by Application
Marine Collagen Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies will be provided)