Marine Collagen Market

Marine Collagen Market Size, Share, Growth (2023-2028)

Marine Collagen Market was calculated at USD 0.88 billion in 2023 to reach an extent of USD 1.25 billion by the end of 2028 with a CAGR of 7.40% 

Marine Collagen Market Overview

Marine collagen has a low molecular weight compared to other types of collagen, providing better healing, nutrition, and repair. Also, it has a high bioavailability and is rich in amino acids such as glycine and proline. The marine collagen supplement stimulates the synthesis of collagen in the bones, promoting bone cells. Marine collagens are obtained from a variety of sources including tendons, bones, muscles, scales, and skin. Fish are considered a larger segment. It is one of the most widely used marine animals for the extraction of marine collagen. In addition to fish, many other marine animals such as jellyfish and sponges are also used for the extraction of marine collagen. It can also be useful for the treatment of many acute and chronic diseases such as infections, hypertension, cancer and Alzheimer's disease.

Recent Developments

• Ashland has acquired Pharmachem Laboratories (USA), which is a global player in the supply and manufacture of ingredients for health and wellness. Pharmachem labs operate with 14 manufacturing sites in the United States and Mexico.

• Amicogen acquired 895,000 shares in Bio-Work Technologies (Sweden) and now owns 9.1% of the company's capital.

• Gelita invested 10.06 million dollars (10.4 million euros) in 2016 in its factory in Eberbach for the construction of state-of-the-art facilities. Four new washing drums, an expansion of sheet drying capacity, a new robot and a fully automatic acid dilution plant will help further optimize production processes from an ecological and economic point of view in the future.

Marine Collagen Market Drivers and Restraints:

The increasing demand for processed foods to offer functional foods infused with collagen presents significant opportunities for the growth of the global marine collagen market. The Asia-Pacific region has the highest demand for functional food products due to population growth, rising disposable incomes, and changes in consumer lifestyles.

Marine collagen offers better bioavailability compared to collagen from other animal sources such as pig or bovine due to its lower molecular weight and smaller chains. Marine collagen is absorbed into the bloodstream instantly after consumption. The absorption rate of marine collagen is 1.5 times higher than that of other types of collagen. It helps to achieve the desired effects in the body, such as tissue regeneration and bone remineralization. The smaller particle size of fish collagen makes it the most preferred choice over other types of collagen. Bioavailability is a critical parameter that decides the effectiveness of any nutraceutical. This parameter is driving the growth of the global marine collagen market in the nutraceutical and medical segments.

Marine Collagen Market Restraints

Increasing health problems such as allergies, obesity, blood pressure, diabetes and many other problems are causing concern among consumers about the use of certified products. Various regulatory authorities, such as the WHO, the Joint Committee of Experts on Food Additives (JECFA), the US FDA and the European Commission recommend restricting the sale of certain ingredients that do not comply with its guidelines.

Consumers also prefer to use clean label products to ensure consumer health and safety. Also, growing concerns about GMO products are also pushing consumers to buy certified "GMO-free" food products. Therefore, the launch of certified collagen products, such as "GMO-free" marine collagen, offers a growth opportunity for the market. Shift of consumer orientation towards processed food products such as frozen food and prepared meals due to changes in lifestyles. For better marketing, the use of marine collagen to improve the organoleptic characteristics of food and beverages offers an opportunity for market growth. With the growing preference for ready meals, the opportunities for the marine collagen market are expanding.

REPORT COVERAGE:

Marine Collagen Market Segmentation

By source, the marine collagen market has been segmented

• skin

• scales 

• muscles

• bones 

• tendons

Depending on the type

 the marine collagen market is segmented into Type I, Type III and others. The type I segment is estimated to dominate the market with the highest participation in 2018, as type I is the most abundant collagen in the human body and plays an important role in the extracellular matrix of skin, bones and fabrics. Collagen Type I improves the quality of hair and nails, thereby increasing their growth. Due to its general benefits, the demand for Type I marine collagen is increasing in both cosmetics and medical applications. This is followed by the type III segment.

Depending on the application,

• nutraceuticals

• cosmetics

• medications

Marine collagen is often considered a direct dietary supplement due to its high protein content and general benefits such as promoting bone growth and anti-aging properties.

Impact of covid-19 on Marine Collagen Market

The current global pandemic has not left any sector out of its wave of impacts. As the number of people affected by Covid-19 increases, it is not necessary to understand the serious consequences of the pandemic in all corners of the country's economy. Since almost all segments have been the victims of Covid-19's uncertain impacts, even the food and beverage industry in India is responding to the current crisis by preparing for the impacts of the Coronavirus. In light of the global epidemic, food and hospitality companies have been forced to make tough decisions, such as shutting down transitional food services to comply with travel bans and regulations of social distancing, and the impact just doesn't end there. Companies avoid supply chain disruptions: Only a small proportion of our country's food ingredients come from China, but processors are still preparing for the impact by looking for alternative sources to avoid supply chain disruptions supply. Some beverage companies have had to contend with suspensions in their supply of artificial sweeteners that generally come from China. This can have a marginal impact on sales of sugar-free and diet drinks. However, with the current closure of food and beverage establishments and hotels, this impact is expected to go unnoticed.

Marine Collagen Market Regional Analysis

The global Marine Collagen market has been categorized based on geography in regions of

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa.

Giants in North America, the United States, and Canada have promoted fishing for centuries, and the fisheries associated with the countries provide extreme returns, enough to make them the world's largest fisheries. Excess fish caught in the sea is often used in collagen production and for many other purposes. Local industries benefit greatly from the availability of fish at lower prices, and as a result, the collagen industry is thriving in the region. However, due to the modification of fishing guidelines for the prevention of overfishing, marine litter has decreased somewhat.

Marine Collagen Market Key Players

1. Weishardt Group

2. Nitta Gelatin

3. Nippi Incorporated

4. Darling Ingredients 

5. Seagarden AS