A recent report published by Infinium Global Research on the marine collagen market provides an in-depth analysis of segments and sub-segments in the global as well as regional marine collagen market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional marine collagen market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global marine collagen market. According to the report, the global marine collagen market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
The continuously growing awareness about marine collagen is helping to grow the demand for the different types of marine collagen-based products among the consumers. the marine collagen is a 'type 1' collagen, which is made from a different type of collagen peptides. Further, the marine collagen is obtained from the fish and has unique properties of absorption of all collagen types. It is basically derived from the waste part of the fish body, which is usually thrown away, hence it is environmentally friendly.
The continuous growing industrial application of marine collagen products, owing to less cost is helping to grow its market. Further, the growing application of marine collagen in the cosmetic world for numerous skin health benefits is helping to boost the demand for marine collagen products at a high rate in the developing and developed countries. Moreover, its colorless, flavorless and odorless properties are helping it to be included in the different type of food and beverage products. However, the availability of the other substitutes, which has the same chemical properties as marine collagen products is restricting the growth of the market. The growing demand for cheap cosmetic products in developing countries is expected to boost the demand of the marine collagen products in the near future.
Geographically, the marine collagen market is divided into four regions namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of marine collagen products, owing to the presence of several cosmetics, food processing, and medical products manufacturing companies in this region. Additionally, the presence of a large number of aware consumer groups is helping to grow the demand for the different types of marine collagen-based food and beverage products, cosmetics, nutraceuticals, and other pharmaceutical products in this region. Europe is the second-largest market after North America for the marine collagen product. The Asia-Pacific marine collagen market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for marine collagen-based nutraceutical, cosmetics, food and beverage products, and other pharmaceutical products in this region.
The report on the global marine collagen market covers segments such as type, source, animal, and application. On the basis of type, the sub-markets include type I, type III, and others. On the basis of source, the sub-markets include skin, scales, and muscles, bones and tendons, and other sources. On the basis of animal, the sub-markets include fish, and other animals. On the basis of application, the sub-markets include pharmaceuticals, cosmetics, and other applications.
The report provides profiles of the companies in the market such as Connoils, Vital Proteins, LLC, Chinapeptide Co., Ltd., Seagarden AS, Nippi. Inc., Amicogen Pacific, Weishardt Holding SA, GELITA, Nitta Gelatin Inc., and Darling Ingredients.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marine collagen market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.