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Global Marine Collagen Market to Grow at a CAGR of 7.19% During 2022-2027, Aided by the Growing Demand in Medical Applications

According to a new report by EMR titled, ‘Global Marine Collagen Market Report and Forecast 2022-2027’, the market attained a value of about USD 627.03 million in 2020. The market for marine collagen is further expected to grow at a CAGR of 7.19% in the forecast period of 2022-2027.

The global marine collagen industry is being driven by the rising demand for marine collagen in medical applications. Marine collagen peptides are biologically active and provide anti-oxidative, anti-hypertensive, anti-ageing, and wound healing attributes. Increased research activities aimed at the development of biomaterials for use in biomedical applications are being undertaken. Furthermore, the growing utilisation of marine collagen in cosmetic applications is also expected to supplement the growth of the market in the forecast period. In this regard, marine collagen-based cosmetic products offer improved skin elasticity and enhanced hair growth. In addition, the increasing consumer demand for collagen-based supplements that aid in minimising the risk of severe diseases such as osteoporosis and heart diseases is anticipated to further propel the growth of the market in the forecast period.

The leading market players are making heightened investments to develop new and innovative marine collagen products, which is projected to positively impact the growth of the market in the coming years. For instance, in January 2021, Rousselot, a brand of Darling Ingredients Inc. (NYSE: DAR), announced the launch of its new Peptan® Marine collagen peptides at the virtual Beauty & Skincare Formulation Conference 2021. This product is sourced from 100% wild-caught marine white fish and has received the Marine Stewardship Council (MSC) certification. It is expected to help beauty and nutrition brands expand their portfolio through nutricosmetics that are sourced sustainably. Additionally, the increased availability of marine collagen supplements across online e-commerce platforms like Amazon (NASDAQ: AMZN) is anticipated to support the growth of the market in the forecast period.

Market Breakup by Application, Type, Animal, Source, and Region:

  • The market is divided, based on application, into nutraceuticals, cosmetics, and medical, among others.  
  • On the basis of type, the market can be distributed into type-I, and type-III, among others
  • Based on animal, the industry is segregated into fish and others. 
  • The industry is segmented, on the basis of source, into skins, scales, and muscles, and bones and tendons, among others.
  • Region-wise, the global market for marine collagen can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for marine collagen is being driven by the rising demand for the product in medical applications
  • The growing expenditure by the market players on the development of new and innovative products has significantly contributed to the market expansion. 
  • The increased utilisation of marine collagen in the production of cosmetic products is also adding to the industry growth. 
  • The rising health consciousness among consumers is expected to further propel the demand for marine collagen-based supplements.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for marine collagen for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the applications, types, animals, sources, and regions of marine collagen.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global marine collagen market are Titan Biotech Limited, Ashland Global Specialty Chemicals Inc., Darling Ingredients Inc., Weishardt Holding SA, and Gelita AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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