Fish Collagen Peptides Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast To 2021-2030
COVID-19 Scenario Analysis
The worldwide outbreak of COVID-19 has led to serious implications in all the economic sectors. All over the globe, the pandemic has created medical emergency due to which the demand for food items, hygiene products, and medical product market have grown. In the COVID-19 scenario, people are more inclined toward consumption of safe, reliable, and healthy foods. Therefore, COVID-19 has increased the sales of traditional, healthy and staple food items. The frozen non-vegetarian food, fruits & vegetables, eggs, pulses, flour, and whole grains have experienced growth in the COVID-19 scenario. However, packaged &processed foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have experienced a decline in its sale which has decreased the demand for Fish collagen peptides in food and beverages industries.
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The lockdown scenario in various countries has hampered the production and supply chain of the fish collagen peptide products. Moreover, demand for fish collagen peptides in cosmetic &personal care industry and packaged & processed food industry has declined. The consumer buying behavior may change permanently post COVID-19. Companies need to build robust sales plan for recovery. They might have to adopt e-commerce platform and omnichannel in their supply chain.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The increase in health consciousness among people is the key driver for the growth of the fish collagen peptides. The various nutrients present in the fish collagen peptides have increased the demand. Fish collagen peptides help in blood sugar control and reduce cholesterol level. Fish collagen peptides offer various health benefits due to which its consumption has increased. It enhances immune system and shows antibacterial effects.
The boom in cosmetic &personal care industry has led to the growth of fish collagen peptides market. The fish collagen peptides are widely used in these industries to make serums, cream, and lotions. The increase in demand for anti-aging and other skin care products has led to the surge in the usage of fish collagen peptides as an ingredient in the skin care products. It helps in hydrating skin and thus wrinkles, redness, and dermatitis get reduced. The urge of Millennials to look attractive has also surged the demand for skin care lotions and creams containing fish collagen peptides. Nowadays, due to hectic schedule, busy lifestyle and change in normal eating habits have affected the skin health, increased obesity, increased diabetes, and other health problems. Therefore, there is surge in number of people taking supplements containing fish collagen peptides.
The wide usage of fish collagen peptides in food &beverage industry, cosmetic &personal care industry, and dietary supplements is supporting the market to remain profitable in coming years.
The Global Fish Collagen Peptides Market Trends
To serve the rise in demand, leading players are focused on expansion of distribution of their products. Expanding helps the market players to increase their customer base. For instance, in February 2019,Capsugel Belgium NV (Lonza), a fish collagen peptides producer announced its expansion of its distribution agreement with Quadra Chemicals Ltd. in Canada. This agreement enables the company to boost the sales of its full range of consumer health and nutrition ingredients which also includes its UC-II undenatured type II collagen, in the country.
Top Key Players: Norland Products Inc, Rousselot, Tessenderlo Group, GELITA AG, Amicogen, SAS GelatinesWeishardt, BHN Co. Ltd., Nippi Collagen NA Inc, HealthyHey Nutrition, LAPI GELATINE Spa, Hangzhou Nutrition Biotechnology Co. Ltd, Nitta Gelatin NA Inc
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Key Benefits of the Report
• This study presents the analytical depiction of the global fish collagen peptides industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fish collagen peptides market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global fish collagen peptides market.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed global fish collagen peptides market analysis based on competitive intensity and how the competition will take shape in coming years.
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