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Marine collagen Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Ashland, Darling Ingredients, Nitta Gelatin, Gelita, Weishardt, Titan Biotech Limited

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Marine collagen Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Ashland, Darling Ingredients, Nitta Gelatin, Gelita, Weishardt, Titan Biotech Limited

July 27
16:18 2022
Marine collagen Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Ashland, Darling Ingredients, Nitta Gelatin, Gelita, Weishardt, Titan Biotech Limited
MarketsandMarkets™
The global marine collagen market size is estimated to be valued at USD 778 million in 2021 and is projected to reach USD 1,137 million by 2026, recording a CAGR of 7.9% during the forecast period.

According to MarketsandMarkets, the global Marine collagen Market size is estimated to be valued at USD 778 million in 2021 and projected to reach USD 1,137 million by 2026, recording a CAGR of 7.9% during the forecast period.

 

Marine collagen Market

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The rising disposable income in parts of Asia, such as China, India and Japan has enabled consumers to spend more on nutraceutical and cosmetic supplements. Marine collagen works as an effective component in nutritional supplements as it facilitates overall nutritional needs, such as tissue regeneration, blood sugar stabilization, bone strength, wound-healing properties, thyroid boost, and weight management. Hence, the market for the same is experiencing phenomenal growth.

Furthermore, the cosmetic industry is opening new doors for the marine collagen market, as an increasing number of cosmetic companies are infusing beauty and wellness products with marine collagen. Cosmetic benefits offered by marine collagen include anti-aging properties, wrinkle reduction, improving skin elasticity, and efficient renewal and repair of skin cells.

The rising economic development in under-developed and developing countries is presenting a number of opportunities for expansion and investments, as marine collagen is the most preferred external source of collagen intake due to its high bioavailability and environment-friendly way of production.

The type I marine collagen segment is the fastest growing segment by type in the marine collagen market. The exemplary health benefits offered by type I marine collagen as well as the associated cosmetic benefits make it a viable ingredient in both nutraceutical and cosmetic industries. By application, the nutraceuticals segment is projected to witness the highest growth rate in terms of value. Hectic lifestyles of the millennial population have stirred the demand for health-based supplements that provide overall nutrition and aid in weight management.

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In terms of geographical coverage, the marine collagen market has been segmented into five regions, namely, North America, Asia Pacific, Europe, South America and Rest of the World which includes Africa and the Middle East. Asia Pacific is projected to be the fastest growing market during the forecast period, which can be attributed to the rising per capita income levels and growing awareness regarding beauty and personal care among consumers.

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