Marine Collagen Market Size, Share, COVID-19 Impact, And Trends By Type (Type 1, Type 2, Type 3), By Source (Skin, Scales And Muscles, Bones & Tendons, Others), By Animal (Fish, Others), By Application (Nutraceuticals, Cosmetics, Medical, Others), And By Geography - Forecasts From 2019 To 2024

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 restraints 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 muscle segment is estimated to have a significant market growth as they are the most abundant source of collagen particularly Type 1 collagen. By application, the nutraceuticals segment is expected to have a considerable growth rate as they are taken as health supplements as it has anti-aging properties and builds strong muscles and bones.

DRIVERS

Growing inclination towards a healthy lifestyle and protein consumption

Increasing demand for cosmetic products

By-product utilization of the growing fish processing industry

RESTRAINT

The high cost of products

INDUSTRY UPDATES

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 a 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.

Marine Collagen Market Scope:

SEGMENTATION

The marine collagen market has been analyzed through the following segments:

By type

Type 1

Type 2

Type 3

By source

Skin, scales and muscles

Bones & tendons

Others

By animal

Fish

Others

By application

Nutraceuticals

Cosmetics

Medical

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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 the global marine collagen market?
A2. Marine Collagen Market was valued at US$819.299 million in 2018.

Q3. What are the growth prospects for the 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.