Global Marine Collagen Market
The marine collagen market is expected to witness market growth at a rate of 7.54% in the forecast period of 2022 to 2029.
The marine collagen market refers to the industry that produces collagen from various sources of marine life, such as fish, shellfish, and jellyfish. Collagen is a protein found in the connective tissues of animals, including humans, and is widely used in the food, beverage, cosmetic, and pharmaceutical industries. The global marine collagen market has been growing steadily in recent years, driven by various factors. One of the main drivers of the market is the increasing demand for natural and sustainable ingredients in the food and beverage industry. Marine collagen is considered a healthier and more sustainable alternative to collagen derived from land animals, as it is sourced from by-products of the seafood industry.
Another driver of the market is the increasing awareness among consumers about the benefits of marine collagen for skin health, joint health, and overall wellbeing. Marine collagen is known for its high bioavailability and ability to improve skin elasticity, reduce wrinkles, and support joint health. The marine collagen market can be segmented based on type, source, application, and region. Based on type, the market can be segmented into type I, type II, and type III collagen. Based on source, the market can be segmented into fish, shellfish, and others. Based on application, the market can be segmented into food and beverages, cosmetics, and pharmaceuticals.
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Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the marine collagen market. On the one hand, the pandemic has led to a surge in demand for immune-boosting and health-promoting products, including marine collagen, as consumers seek to maintain their health and wellbeing during the pandemic. However, the pandemic has also disrupted the global supply chains and led to disruptions in the seafood industry, which is a major source of marine collagen. The closure of restaurants and food service outlets during the pandemic has also impacted the demand for seafood and related products, including marine collagen.
Moreover, the pandemic has led to a shift in consumer behaviour, with many consumers opting for more affordable and essential products, rather than luxury and premium products such as marine collagen. This has impacted the sales and revenue of the marine collagen market, especially in certain regions where the economic impact of the pandemic has been severe.
Market Segmentation:
The marine collagen market can be segmented into various types, sources, applications, and forms. Here are the main segments of the marine collagen market:
By Type: Marine collagen can be classified into type I, type II, and type III, based on the collagen's molecular structure. Type I collagen is the most abundant collagen in the human body and is widely used in various applications such as food, supplements, and cosmetics.
By Source: Marine collagen can be sourced from different types of fish, including cod, salmon, and tilapia. Different fish species have different collagen characteristics and properties, which can affect the quality and performance of marine collagen products.
By Application: Marine collagen is used in various applications, including food and beverage, supplements, cosmetics, and pharmaceuticals. In the food and beverage industry, marine collagen is used as a functional ingredient in products such as protein bars, sports drinks, and dietary supplements. In the cosmetics industry, marine collagen is used in anti-aging creams, serums, and masks.
By Form: Marine collagen is available in various forms such as powder, liquid, and capsules. The powdered form is the most common and versatile form of marine collagen, as it can be easily incorporated into different types of products.
By End-Use: The marine collagen market can also be segmented by end-use, including the food and beverage industry, cosmetics and personal care industry, healthcare and pharmaceuticals, and others.
By Distribution Channel: The marine collagen market can also be segmented by distribution channel, including online retail, supermarkets/hypermarkets, specialty stores, and others. The online retail segment is expected to grow significantly in the coming years, driven by the increasing popularity of e-commerce platforms and the growing demand for natural and organic products.
Key Player:
Ashland
Darling Ingredients
Nitta Gelatin
Gelita
Weishardt Group
Amicogen
Nippi Incorporated
Seagarden
Chinapeptide
Vital Proteins
Connoils
BHN
Taiaitai
Intalgelatine
Regional Analysis:
The marine collagen market can be segmented into various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Here is a regional analysis of the marine collagen market:
North America: The North American marine collagen market is driven by the growing demand for natural and sustainable ingredients in the food, beverage, and personal care industries. The United States is the largest market for marine collagen in the region, due to the presence of major manufacturers and the increasing consumer awareness about the health benefits of marine collagen.
Europe: The European market for marine collagen is driven by the increasing demand for natural and organic products, especially in the cosmetics and personal care industry. Countries such as France, Germany, and the UK are major markets for marine collagen in the region, due to the presence of major manufacturers and the growing demand for natural and sustainable ingredients.
Asia-Pacific: The Asia-Pacific region is the largest market for marine collagen, driven by the growing food and beverage industry and the increasing demand for cosmetics and personal care products. Countries such as Japan, China, and South Korea are major markets for marine collagen in the region, due to the high demand for collagen-based supplements and the growing awareness of the health benefits of marine collagen.
Latin America: The Latin American market for marine collagen is expected to grow in the coming years, driven by the increasing demand for natural and sustainable ingredients in the food and beverage industry. Countries such as Brazil and Mexico are major markets for marine collagen in the region, due to the growing consumer awareness about the health benefits of marine collagen.
Middle East and Africa: The Middle East and Africa market for marine collagen is driven by the increasing demand for cosmetics and personal care products, especially in the luxury and premium segments. Countries such as Saudi Arabia and South Africa are major markets for marine collagen in the region, due to the high spending power of consumers and the growing demand for natural and sustainable products.
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Key Points:
- The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Marine Collagen market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Marine Collagen would help in identifying future applications in this market.
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