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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.
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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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