The marine collagen market was valued at US$819.299 million in 2018 and is projected to expand at a CAGR of 5.59% over the forecast period to reach US$1135.767 million by 2024.
Marine Collagen is the collagen obtained from fish and other marine organisms. Its use as a food supplement has several health benefits. It also has been used in biomedical applications and in the cosmetic and healthcare industry. The marine collagen market is expected to grow at a significant rate due to a growing inclination towards a healthy lifestyle and protein consumption and increased demand for beauty products. Marine collagen is extracted from the parts which are usually thrown away such as scales, bones, and skin. The growing fish processing industry is also a driving factor of market growth. But high processing cost of marine collagen and high import duty on such products is a restraint for market growth.
By type, the type 1 segment is expected to have a significant market share as it is the most abundant collagen in the human body and lays the foundation for strong connecting tissues. By source, scale, skin, and muscles segment is estimated to have a significant market growth as they are the most abundant source of collagen particularly Type 1 collagen. By application, nutraceuticals segment is expected to have considerable growth rate as they are taken as health supplements as it has anti-aging properties and builds strong muscles and bones.
Growing inclination towards a healthy lifestyle and protein consumption
Increasing demand for cosmetic products
By-product utilization of growing fish processing industry
The high cost of products
Darling Ingredients Inc. acquired substantially all of the assets of Kruger Commodities, Inc. in May 2018, including protein conversion facilities in Hamilton, MI, and Tama, IA along with a protein blending operation and used cooking oil collection business in Omaha, NE to support low carbon fuel initiative at Diamond Green Diesel.
In April 2017, Ashland signed a definitive agreement to acquire Pharmachem laboratories, a leading international provider of ingredients to the global health and wellness industry.
|Market size value in 2018||US$819.299 million|
|Market size value in 2024||US$1135.767 million|
|Growth Rate||CAGR of 5.59% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Source, Animal, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Ashland, Nitta Gelatin, Darling Ingredients, Gelita, Weishardt Group, Amicogen, Nippi, Seagarden, Vital Proteins, Connoils|
|Customization scope||Free report customization with purchase|
The marine collagen market has been analyzed through the following segments:
Skin, scales and muscles
Bones & tendons
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the marine collagen market size by 2024?
A1. The marine collagen market is projected to reach a market size of US$1135.767 million by 2024.
Q2. What is the size of global marine collagen market?
A2. Marine Collagen market was valued at US$819.299 million in 2018.
Q3. What are the growth prospects for marine collagen market?
A3. The global marine collagen market is projected to expand at a CAGR of 5.59% over the forecast period.
Q4. What factors are anticipated to drive the marine collagen market growth?
A4. The marine collagen market is expected to grow at a significant rate due to a growing inclination towards a healthy lifestyle and protein consumption and increased demand for beauty products.
Q5. How is the global marine collagen market segmented?
A5. The marine collagen market has been segmented by type, source, animal, application, and geography.
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