Marine Collagen Market - Forecasts from 2019 to 2024

The marine collagen market was valued at US$819.299 million in 2018 and is projected to expand at a CAGR of 5.59% over the forecast period to reach US$1135.767 million by 2024. Marine Collagen is the collagen obtained from fish and other marine organisms. Its use as food supplement has several health benefits. It also has use in biomedical applications and in cosmetic and healthcare industry. The marine collagen market is expected to grow at a significant rate due to growing inclination towards healthy lifestyle and protein consumption and increased demand for beauty products. Marine collagen is extracted from the parts which are usually thrown away such as scales, bones and skin. The growing fish processing industry is also a driving factor of market growth. But high processing cost of marine collagen and high import duty on such products is a restraint for market growth.

By type, type 1 segment is expected to have a significant market share as it is the most abundant collagen in the human body and lays the foundation for strong connecting tissues. By source, scale, skin and muscles segment is estimated to have a significant market growth as they are the most abundant source of collagen particularly Type 1 collagen. By application, nutraceuticals segment is expected to have considerable growth rate as they are taken as health supplements as it has anti-aging properties and builds strong muscles and bones.

Drivers

Growing inclination towards a healthy lifestyle and protein consumption
Increasing demand for cosmetic products
By-product utilization of growing fish processing industry

Restraints

The high cost of products

Industry Updates

Darling Ingredients Inc. acquired substantially all of the assets of Kruger Commodities, Inc. in May 2018, including protein conversion facilities in Hamilton, MI and Tama, IA along with a protein blending operation and used cooking oil collection business in Omaha, NE to support low carbon fuel initiative at Diamond Green Diesel.

In April 2017, Ashland signed a definitive agreement to acquire Pharmachem laboratories, a leading international provider of ingredients to global health and wellness industry.

Segmentation

The marine collagen market has been analyzed through the following segments:

By type

Type 1
Type 2
Type 3

By source

Skin, scales and muscles
Bones & tendons
Others

By animal

Fish
Others

By application

Nutraceuticals
Cosmetics
Medical
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others