Marine collagen is also known as fish collagen extracted from either the meat or scales of cold sea fish. Marine collagen has superior bioavailability as compared with other animal sources. Marine collagen is 1.5 times more absorbent than bovine, porcine or chicken collagen because of its optimum or low molecular weight. It is the right type of collagen which helps in building blocks of human skin. As marine collagen is extracted from fish, it is free from bovine spongiform encephalopathy, hoof-and-mouth disease, and bird viruses.
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Increasing demand for marine collagen in the cosmetics industry
Marine collagen helps in the elimination of wrinkles, the speeding up of the skin renewal process, and the maintenance of hair structure and strength. This makes it the most popular cosmetic ingredient, especially in skin-care and hair-care products. As consumers become more conscious of the benefits provided by the beauty and personal care industry, the use of marine collagen is expected to grow at a rapid rate.
Furthermore, increasing demand for supplements to control healthcare costs is expected to boost the market for marine collagen. The sales of marine collagen-based supplements is expected to be boosted by the launch of new delivery forms, scientific evidence to support the claims, and increased consumer awareness. According to a survey of supplement users conducted by the Natural Marketing Institute (NMI) on behalf of Swiss multinational Lonza, seven out of ten consumers in Germany, France, and Italy would consider buying a joint health product, boosting the demand for marine collagen. Consumer awareness of the numerous health benefits associated with collagen, such as bone, muscle, and joint health, is causing consumers to choose marine-based collagen supplements as a cost-effective choice.
The increase in the number of end-use applications, because of the multifunctional attributes of marine collagen is expected to create lucrative opportunities for growth. Marine collagen is being used in the fields of medicine, dentistry, and pharmacology. It’s also a natural biomaterial with astringent and wound-healing properties that’s used to support drugs. Thus, marine collagen’s manifold applications in nutraceutical, cosmetic, and medical fields present a prospective market for the overall growth of marine collagen as an ingredient.
However, a high duty on the import of collagen or collagen products is expected to hamper the market growth because it increases product costs, which can’t be afforded in a competitive market. Furthermore, countries in Europe and North America depend on collagen imports to manufacture a variety of products. As a result of the high import duty, the global market growth is hampered.
Skin, Scales, and Muscles
Bones & Tendons
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Asia Pacific accounted for highest market revenue share of XX% in the year 2020
In 2020, the Asia Pacific region dominated the global demand for marine collagen. One of the most important factors driving market growth in this area is an increase in demand for health drinks and supplements. Furthermore, due to the growth of the men’s cosmetics segment, as well as consumer buying patterns and the availability of retail platforms in the country, the Chinese cosmetics industry is one of the most promising in the country. Due to its characteristics, marine collagen is one of the key ingredients used in cosmetics for wrinkle reduction. Additionally, the favorable government regulations for collagen will support growth of the marine collagen market in countries such as Australia and New Zealand.
North America is expected to grow with a CAGR of XX% during the forecast period. For centuries, the United States and Canada, have promoted fishing, and the fisheries associated with the countries have produced extreme outputs, making a few of them the world’s largest fisheries. Surplus sea fish is often used in the production of collagen and for a variety of other purposes. The availability of fish at lower prices has benefited local industries significantly, and the collagen industry is flourishing in the area.
The market is fragmented, with a number of players, as a result of growing consumer awareness of the benefits of collagen, which is being spread across various mediums. The key players such as Ashland Global Holdings, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, and Gelita AG follow the strategy of product launches, and mergers & acquisitions of leading brands to enter the region.
Sai Kiran Sales Manager at DataM Intelligence Email: [email protected] Tel: +1 877 441 4866 Website: www.datamintelligence.com