Marine Collagen Ingredients Market value is projected to reach US$ 2,320.6 million by 2033

According to Fact.MR analysis, the marine collagen ingredients market is poised for steady growth in the coming years. The market's overall value is anticipated to exceed US$ 2,320.6 million by the year 2033, a significant increase from US$ 1,076.8 million recorded in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 8.0% during the assessment period spanning from 2023 to 2033.

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In recent years, the marine collagen ingredients market has witnessed a significant surge in demand, driven by the growing consumer preference for natural and sustainable products in the beauty and healthcare sectors. Marine collagen, derived from fish scales, skin, and bones, offers numerous benefits over traditional sources like bovine or porcine collagen, making it a sought-after ingredient in various industries.

Marine collagen is renowned for its high bioavailability, meaning it can be easily absorbed and utilized by the body. This attribute has positioned it as a preferred choice for manufacturers in the pharmaceutical and nutraceutical sectors, where efficacy and absorption rates are critical factors. Additionally, marine collagen boasts a unique amino acid profile, rich in glycine, proline, and hydroxyproline, which are essential for promoting skin, joint, and bone health.

The beauty and cosmetics industry represents a significant market segment for marine collagen ingredients. With consumers increasingly seeking natural alternatives to synthetic ingredients, marine collagen has emerged as a star ingredient in anti-aging creams, serums, and supplements. Its ability to improve skin elasticity, hydration, and overall texture has made it a staple in many skincare formulations, driving the growth of the cosmetics market.

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Key Takeaways from the Marine Collagen Ingredients Report:
The global marine collagen ingredients market is expected to reach a valuation of US$ 2,320.6 million by 2033.
Global demand for marine collagen ingredients is likely to soar at 8.0% CAGR over the forecast period.
Based on Source, US$ 696.2 million by the end of 2033 and is expected to cover a market share of 30.0% by the end of 2033.
During the assessment period, type 1 marine collagen ingredient is estimated to achieve a market share of 23.3%, resulting in a market size of US$ 533.7 million by 2033.
The United States marine collagen ingredients market is projected to reach a valuation of US$ 802.9 million by 2033.

Furthermore, the sustainability aspect of marine collagen production cannot be overstated. Unlike bovine collagen, which often raises concerns about animal welfare and environmental impact, marine collagen is sourced from fish by-products that would otherwise go to waste. This aligns with the growing trend towards eco-friendly and ethical consumption, further bolstering the market demand for marine collagen ingredients.

Top Companies are Ashland Global Holdings Inc., BioCell Technology LLC, Chinatech Peptide Co. Ltd., Darling Ingredients Inc., Fishion Group Ltd., Gelita AG, Nitta Gelatin Inc., Rousselot S.A.S., Seagarden AS, Taiaitai BIOLOGICAL, Vyse Gelatin Company, Weishardt Group

Market Segmentation:
By Source: Fish, Squid, Jellyfish, Others
By Type: Type I, Type II, Type III, Type V, Others
By Form: Powder, Liquid, Others
By Application: Cosmetics, Food and Beverages, Medical, Others

Geographically, the market for marine collagen ingredients is witnessing robust growth across regions. Asia Pacific, with its thriving cosmetics industry and increasing health consciousness among consumers, is emerging as a key market for marine collagen products. North America and Europe are also witnessing steady growth, fueled by the rising demand for natural and functional ingredients in food, beverages, and dietary supplements.

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Competitive Analysis
The competitive landscape of the marine collagen ingredients market is characterized by diversity and dynamism. Leading companies, specializing in various fields ranging from food and beverages to cosmetics, pharmaceuticals, and supplements, are actively engaged in research and development initiatives, sustainable sourcing practices, and the development of innovative formulations to cater to the needs of multiple industries. This competitive environment fosters innovation and drives the market forward, ensuring a continuous stream of new products and advancements to meet evolving consumer demands across diverse sectors.

Recent News
In 2022, Run Easy marine collagen peptides powder has been launched by Protein Rebel. Run Easy was designed for triathletes, runners, and cyclists, and contains only one ingredient: pure marine collagen, which helps to strengthen ligaments and joints and reduces the chance of injury.
In 2021, Ajinomoto Health & Nutrition, a leading global company in nutritional science, announced the debut of three new flavors of Indigo Marine Collagen: Blueberry Acai, Raspberry Lime, Dragon Fruit, and a portable package.

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This release was published on openPR.