Marine Collagen Market Projected to Reach $897.5 Million by 2023 | Key Players are Ashland, Darling Ingredients, Nitta Gelatin, Gelita, Weishardt Group, Nippi, Incorporated

The marine collagen market was valued at USD 581.3 Million in 2017. It is projected to reach USD 897.5 Million by 2023, growing at a CAGR of 7.7% from 2018. Marine collagen is majorly used as an ingredient in nutraceuticals, cosmetics, and pharmaceutical industries. The increasing demand for personal care products and health supplements drives the market for marine collagen. Market players are responding to new opportunities by expanding their global presence and product offerings.

The years considered for the study are as follows:

Base Year: 2017
Estimated Year: 2018
Projected Year: 2023
Forecast Period: 2018 to 2023

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In terms of type, the type I segment is expected to lead the marine collagen market from 2018 to 2023

The type I segment dominated the market, by 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 tissue. Apart from the medical benefits, Type I marine collagen also finds applications in cosmetics as it helps in preventing any signs of skin aging.

The skin, scales, and muscles segment is projected to grow at the highest CAGR, by source, from 2018 to 2023

Skin, scales, and muscles are majorly used for the extraction of marine collagen across the globe as they are rich sources of proteins. Fish collagen derived from scales helps in wound healing as it plays a key role in tissue building. Due to its various advantages, manufacturers are switching to these sources for the extraction of marine collagen.

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The nutraceuticals segment projected to grow at the highest CAGR, by application, from 2018 to 2023

Nutraceuticals are taken as health supplements for increasing immunity, bone health, personal care, and other benefits. Consumers are getting increasingly aware of the health benefits related to marine collagen. One of the key drivers for the growing use of marine collagen in nutraceuticals is the inclination of end consumers toward sports nutrition and weight management.

Asia Pacific is projected to be the fastest-growing region during the forecast period

Manufacturers use marine collagen for various beauty and health supplements in the Asia Pacific due to abundant availability of raw materials and religious beliefs toward porcine and bovine collagen. The region’s improved lifestyle over the past decade and the need for dietary & therapeutic food followed by advancements in the food & beverage industry have presented opportunities in terms of new applications and usage of marine collagen.

An increase in the demand for food & dietary supplements, increased usage of marine collagen in health supplements, and growth of the functional foods industry are the major factors driving the growth of the Asian marine collagen market for application in nutraceuticals.

This report includes a study of business strategies, along with the product portfolios of leading companies. More than 9 developments were tracked for the 13 companies in the marine collagen market. It includes the profiles of leading companies 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).

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