Fish Collagen Peptides Market Size By Source (Skin, Bones, Scales, Fins), By Application (Food & Beverage, Nutraceuticals {Dietary Supplements, Functional Food}, Cosmetics {Skincare, Haircare, Injectables}, Pharmaceuticals {Musculoskeletal, Endocrine Supp

Fish Collagen Peptides Market Size By Source (Skin, Bones, Scales, Fins), By Application (Food & Beverage, Nutraceuticals {Dietary Supplements, Functional Food}, Cosmetics {Skincare, Haircare, Injectables}, Pharmaceuticals {Musculoskeletal, Endocrine Supplements, Cardiovascular diseases}, Animal Nutrition {Poultry, Pork/Swine, Cattle, Pets}, Agriculture) Industry Analysis Report, Regional Outlook, Application Development Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2023 - 2032

Fish Collagen Peptides Market is slated to expand exponentially through 2032 owing to the rising demand for collagen products, especially in the European cosmetics industry. Increasing usage of fish collagen peptides in cosmetic applications such as creams, serums, and lotions, along with increasing consumption of anti-aging and other skin care products, is slated to propel the demand for fish collagen peptides.

In addition, busy lifestyle, changes in regular eating habits, and hectic schedules have severely impacted skin health and resulted in increased obesity, diabetes, and other health-related problems, all of which will escalate the business demand.

The key players in the fish collagen peptides industry are constantly incorporating strategic initiatives including partnerships, mergers, acquisitions, and new product launches to strengthen their foothold in the market and gain a competitive edge. For instance, in August 2021, the South Korean firm AMICOGEN Inc. became the latest shareholder in Lysando AG, a market leader in antimicrobial proteins. The transaction included the acquisition of shares, a share package to Lysando, and a cash contribution to Lysando into AMICOGEN.

Overall, the fish collagen peptides market is bifurcated in terms of source, application, and regional outlook.

By source, the scales source segment is expected to hold a market share of over USD 95 million by 2032, owing to the rising consumer preference for plant-based diet. Proline, glycine, and hydroxyproline are highly concentrated in collagen peptides, characterized by their unique amino acid composition. These amino acids have several advantages for human skin and their use is predicted to rise, driving the segment’s expansion.

Based on application, the nutraceuticals segment is expected to demonstrate a steady growth by 2032 owing to the rising demand for health care and nutraceutical products. In addition, COVID-19 has impacted the segment positively, as there is an increasing usage of allulose in manufacturing food and beverages.

Besides, the food and beverage manufacturers have to consider several factors such as high levels of product quality, plant availability, optimal resource efficiency, decarbonization targets, financial liquidity, and the increased need to maintain flexibility in production to satisfy customers' requirements. Such preferences would potentially augment the demand for collagen peptides across the F&B industry, stimulating the market share.

Regionally, the Europe fish collagen peptides market is expected to depict over 4.5% CAGR from 2023-2032. The rising use of fortified food items in the region due to the increasing prevalence of healthy living habits among consumers is slated to influence Europe's market curve positively. In addition, rising awareness regarding the advantages of mung beans, including their high protein, fiber, mineral, and vitamin content, which boosts the nutritional value of food items, is expected to augment the regional market outlook.