(I-BusinessNews.Com, February 10, 2020 ) The marine collagen market is projected to reach USD 897.5 million by 2023, growing at a CAGR of 7.7% from 2018. This market is majorly being driven by the changing lifestyles and inclination toward healthy food. The various health benefits such as regeneration of skin & bones and better bioavailability as compared to other collagen types are fueling research activities for the development of marine collagen.
The type I segment dominated the market, in terms of type, and is projected to grow at the highest CAGR from 2018 to 2023. Type I collagen is characterized by its capability of healing wounds and acts as a foundation for strong connecting tissues. Apart from the medical benefits, Type I marine collagen also finds applications in cosmetics as it helps in preventing any signs of skin aging. Further, type I collagen improves the quality of hair and nails, thus increasing their growth. Due to its overall benefits, the demand for type I marine collagen is increasing in cosmetics as well as medical applications.
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The skin, scales, and muscles segment of marine collagen is projected to grow at the highest CAGR from 2018 to 2023. The collagen derived from the skin and muscles of marine animals are the building blocks of the skin’s structure, which is translated to its high demand in the cosmetics industry. Further, it also helps in renewing the skin’s ability to retain moisture.
The fish segment is projected to grow at a higher CAGR between 2018 and 2023. There are many nutritional benefits related to fish collagen due to the presence of proteins, unsaturated essential fatty acids, minerals, and vitamins. It may also be useful for the treatment of many acute & chronic diseases such as infections, hypertension, cancer, and Alzheimer’s disease.
The nutraceuticals segment is projected to be the fastest-growing between 2018 and 2023. One of the key driving factors for the growing use of marine collagen in nutraceuticals is the inclination of end consumers toward sports nutrition and weight management.
The Asia Pacific region is estimated to dominate the marine collagen market in 2018 and is further projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific marine collagen market is attributed to the abundant availability of raw materials and religious restrictions against porcine and bovine collagens. The awareness regarding the use of marine collagen in various food products is increasing, wherein this factor fuels the growth of the marine collagen market in the Asia Pacific.
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The marine collagen ecosystem comprises marine collagen technology providers such as Ashland (US), Darling Ingredients (US), Nitta Gelatin (Japan), Gelita (Germany), Weishardt Group (France), Amicogen (South Korea), Nippi, Incorporated (Japan), Seagarden (Norway), ChinaPeptide (China), Vital Proteins (US), Connoils (US), BHN (Japan), Taiaitai (China), and ITALGELATINE (Italy).
Target Audience:
• R&D institutes
• Technology providers
• Marine collagen providers
• Intermediary suppliers
• Wholesalers
• Dealers
• Consumers
• End users
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