Marine Collagen Market: Valued at USD 850 Million in 2023 & Assessed to grow at 7.5% CAGR During 2024-30
The latest research report published by MarkNtel Advisors states that the Global Marine Collagen Market size was valued at around USD 850 million in 2023 and is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The major propeller of the marine collagen industry is the increasing consumer inclination towards type I marine collagen given its innate health advantages and usefulness as a source of protein. Marine collagen (types I and III) is typically obtained from the meat or scales of sea fish, especially those of red snapper and salmon, which are known to possess strong, pure collagen. This collagen variant serves as a foundational constituent backing up the development and enhancement of robust bones, skin, and connective tissues. Its striking quality includes its alignment with environmental sustainability, often sourced diligently from rejected fish parts.
According to the published report, the Global Marine Collagen Market is likely to be propelled by additional factors such as the rising demand for marine collagen-based supplements owing to their numerous benefits in the coming years. Moreover, the escalating demand from the nutraceuticals industry is also anticipated to provide novel opportunities for the market growth.
Companies such as Vital Proteins LLC, Ashland Inc., Weishardt Group, Seagarden AS, Connoils LLC, HUM Nutrition Inc., Darling Ingredients Inc., Rousselot, Hangzhou Nutrition Biotechnology Co., Ltd., Certified Nutraceuticals Inc., COBIOSA, ETChem, Gelita AG, BHN International Co. Ltd., Bega Bionutrients, and others, constitute to make a healthy competitive environment and lead to the overall growth of the market.
Evaluating the Diverse Segmentation of the Global Marine Collagen Market
- By Category (Fish, Algae, and Others)
- By Type (Type I and Type III)
- By Source (Skin, Muscles, Scales, and Bone & Tendons)
- By Form (Powder and Liquid)
- By Application (Food & Beverages, Pharmaceuticals, Dietary Supplements, Cosmetics, and Others)
- By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)
Powdered Marine Collagen has an edge in the Global Marine Collagen Market based on form. Due to the accessibility, flexibility, and ability to provide consumers with an effortlessly integral collagen alternative, powdered marine collagen is witnessing tremendous popularity. The ability of powdered marine collagen to conveniently mix into several consumables, the presence of collagen peptides, and its advantages such as enhanced skin elasticity, hydration, and joint health support are further bolstering its demand. Moreover, the prevailing wellness and beauty trends are also driving the segment’s growth in the Global Marine Collagen Market.
The Global Marine Collagen Market is to be ruled by North America in the coming years. Countries like the US and Canada are increasingly endorsing and engaging in fishing practices. The fisheries related to these countries constantly produce extensive results, instituting some as globally important fisheries. The ample marine resources, predominantly the surplus fish caught from the sea, serve as valuable raw materials for numerous industries, including collagen production. The local industries profit extensively from the availability of fish at comparatively lesser rates, nurturing the development of the collagen industry in the region.
