The global marine collagen consumer market size is estimated to be valued at USD 778 million in 2022 and projected to reach USD 1,675 million by 2032, which record a CAGR of 7.2% during the forecasting period of 2022–2032.
The increasing demand for collagen inclusive food and growing awareness of collagen in the medical and healthcare industries are the major driving factors for the increase in the marine collagen market. The global marine collagen peptide market is marked at USD 633 million in 2022 and is estimated to have rapid growth achieving a market size of USD 1,123 million by 2032 which record a CAGR of 5.35% during the forecast.
The religious restrictions due to the usage of animal (pork and beef) skin are projected to give a boost to the market growth of Marine collagen peptides also known as fish collagen that are derived from fish or other marine creatures.
Click the link to get a free Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11528
It includes in-depth insights into the marine collagen market. Some of these are:
- The estimated value of the market was at US$ 960 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The need for nutrient retention and sensory qualities in foods has sparked growth in the marine collagen industry.
- Segment Type I is expected to rise to the highest CAGR.
- The skin and scales of both fresh and saltwater fish are the most suitable collagen source since they contain sufficient protein.
- The marine-collagen market dominated the Asia Pacific region.
- China is one of the main producers and exporters of different fish ingredients including marine collagen.
However, the quality of the product obtained from marine life-forms costs relatively higher than from porcine or bovine due to the complex and cost-intensive process of extracting collagen from marine organisms and by-products of the fishing industry, which can hamper the growth of this segment.
Coronavirus Outbreak Will Take a Toll on the Market’s Trajectory
Recently, the global epidemic of coronavirus has had serious economic implications for the marine collagen domain. China is directly faced with the problems caused by this outbreak, leading to supply chain instability, expected declines in revenue and revenues in all sectors. The adverse effect of the coronavirus outbreak on revenue has prompted many businesses to cancel their forecast plans for the second quarter in 2020 and possibly for the remainder of the year.
The most detrimental factor for income is the actual closing of the factories which are the major manufacturers and producers of these goods. Since many Chinese employees are free of foreign infection, and factories do not want to spread the virus any further, with many factories staying closed and on high alert as a way to continue reducing the virus spread. In the face of the epidemic, focusing on specific consumer trends and needs has helped keep companies afloat. Many companies have made substantial donations to find effective inoculation and treatment, and hope to reduce the time it takes for the industry to get fully back on its feet, as well as to look out for the consumer and help in global epidemics like this.
Who is Winning?
Some of the leading players in the global marine collagen market are Nitta Gelatin, Ashland, Darling Ingredients, Vital Proteins, BHN, Taiaitai, Intalgelatine, Nippi Incorporated, Weishardt Group, Gelita, Amicogen etc.
Acquisitions and product launches are some of the major strategies which key players in the global marine collagen market are adopting. By introducing new technology at a rapid pace, businesses are trying to establish their own mark in the industry. As a result, the number of product releases every each year.
Market Segments Covered In Marine Collagen Industry Analysis
Source Type :
- Skin, scales, and muscles
- Bones & tendons
- Others
Animal Type :
- Fish
- Others
Application :
- Nutraceuticals
- Cosmetics
- Medical
- Others
Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Browse Full Report @ https://www.futuremarketinsights.com/reports/marine-collagen-market
Get Valuable Insights into Marine Collagen Market
Future Market Insights, in its new report, presents an unbiased analysis of the global marine collagen market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. The global marine collagen market is mainly segmented on the basis of animal type, source type, applications, and geography. On the basis of animal type, fish is the prominent segment comprising the market. On the basis of source type, key segments present in the global marine collagen market are bones & tendons, and skin & scales. Application wise, the key segments comprising the market are medical, cosmetics, and nutraceuticals, and others. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
