Marine Collagen Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Marine Collagen Market
The marine collagen market size was valued at USD 1.08 billion in 2023, and the market is now projected to grow from USD 1.1 billion in 2024 to USD 2.3 billion by 2032, exhibiting a CAGR of 8.94% during the forecast period of 2024-2032.
The seafood marketplace closely is based at the seafood enterprise, using by means of-products from marine organisms stuck during fishing. Over the beyond two years of the COVID-19 pandemic, the seafood and marine supply chain underwent significant modifications and variations. Key stakeholders including fishermen, collagen industries, communities, and governments carried out numerous techniques, innovations, and coping mechanisms to make sure the survival and resilience of their companies in this challenging panorama.
The growing demand for marine collagen in the cosmetics industry is predicted to gas market boom due to its herbal humectant and moisturizing houses. Cosmetic manufacturers are increasingly incorporating collagen of their formulations to fulfill patron alternatives for herbal elements and modern merchandise. For example, ActivLayr's production of marine collagen the use of nanofiber technology showcases the industry's efforts to provide advanced and herbal answers to fulfill patron demands, contributing to market expansion.
The emergence of sustainable marine collagen-based totally merchandise is turning into a major marketplace trend, pushed via businesses adopting vertical integration techniques for sustainable practices at some stage in the product lifecycle. Technologies selling transparency in fishing methods are gaining importance amongst environmentally conscious customers, riding call for eco-friendly collagen merchandise. Obtaining accreditations and eco-labels from agencies like the Marine Stewardship Council (MSC) is crucial for market presence and consumer agree with. With a developing worldwide population centered on ocean conservation, agencies are redefining deliver chains and improving product labeling transparency to satisfy evolving patron preferences for sustainable sourcing methods, such as pole and line fishing.
Comprehensive Analysis of Marine Collagen Market
The marine collagen market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by category analysis, by source analysis, by form analysis, by application analysis. By category analysis include, fish, algae, and others. By source analysis include, bones & tendons, skin, and others. By form analysis include, powder and liquid. By application analysis include, dietary supplements, functional food & beverages, cosmetics, and others.
The Asia Pacific region lead the marine collagen market share by benefitting a market size of USD 441.3 million in 2023 due to Manufacturers worldwide are making substantial investments in countries like Singapore, China, Japan, India, and Australia to fulfill the increasing global demand for marine collagen.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Ashland Inc., Certified Nutraceuticals Inc., COBIOSA, ETChem, Hangzhou Nutrition Biotechnology Co., Ltd., HUM Nutrition Inc., Nitta Gelatin Inc., Norland Products Inc., Rousselot, Vital Proteins LLC., these market players provide a level-playing competitive landscape.
In June 2023, Z Natural Foods launched its latest collagen product, ""Hydrolyzed Marine Collagen Peptides,"" catering to diverse dietary preferences with its gluten-free, non-GMO, and additive-free formulation.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 8.94% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Category
Fish
Algae
Others
By Source
Bones & Tendons
Skin
Others
By Form
Powder
Liquid
By Application
Functional Food & Beverages
Dietary Supplements
Cosmetics
Others
By Region
North America (By Category, By Form, By Source, By Application, and Country)
Europe (By Category, By Form, By Source, By Application, and Country)
Asia Pacific (By Category, By Form, By Source, By Application, and Country)
South America (By Category, By Form, By Source, By Application, and Country)
Middle East & Africa (By Category, By Form, By Source, By Application, and Country)
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