Marine Collagen Market on Track to Hit USD 850 million in 2023, Growing at 7.5% CAGR by 2030
Market Insights
As per recent research by MarkNtel Advisors, The Global Marine Collagen Market size was valued at around USD 850 million in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Global Marine Collagen Market Driver:
Increasing Awareness Among Consumers Regarding the Health Benefits of Marine Collagen – The upward trajectory in the preference for supplements as a strategy to manage healthcare costs is poised to significantly boost the market growth of marine collagen. This inclination is further catalyzed by the introduction of new delivery forms, backed by scientific evidence supporting the health claims associated with marine collagen. Additionally, the surge in consumer awareness is expected to drive sales of supplements based on marine collagen.
According to a survey commissioned by Swiss multinational Lonza and conducted by the Natural Marketing Institute (NMI), a substantial majority of consumers in Germany, France, and Italy expressed a willingness to consider purchasing joint health products, thereby fostering the market for marine collagen. The growing awareness among consumers regarding the myriad health benefits linked to collagen, encompassing bone, muscle, and joint health, positions marine-based collagen supplements as a cost-effective and appealing option, contributing to the increasing consumer preference for these products.
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Market Segmentation and Consumer Behavior:
By Category
- Fish- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Algae- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Others- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
By Type
- Type I - Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Type III - Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
By Source
- Skin- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Muscles- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Scales- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Bone & Tendons- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
By Form
- Powder- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Liquid- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
By Application
- Food & Beverages- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Cosmetics- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
- Others- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
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Marine Collagen Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Marine Collagen Market
Several prominent players dominate the Marine Collagen Market, including:
- Vital Proteins LLC
- Ashland Inc.
- Weishardt Group
- Seagarden AS
- Connoils LLC
- HUM Nutrition Inc.
- Darling Ingredients Inc.
- Rousselot
- Hangzhou Nutrition Biotechnology Co., Ltd
- Certified Nutraceuticals Inc.
- COBIOSA
- ETChem
- Gelita AG
- BHN International Co. Ltd.
- Bega Bionutrients
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Questions Addressed in this Study
1.What factors are driving the Marine Collagen Market growth?
2.How is the Marine Collagen Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Marine Collagen Market?
4.What is the current size of the Marine Collagen Market, and how is it projected to change in the future?
5.What is the future outlook for the Marine Collagen Market in terms of technological advancements and market expansion?
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