Marine Ingredients Market 2024-2031: Global Industry Size, Share, Growth Trends, and Leading Players Forecast by 2024-2031 - Mukka Proteins Limited, Fornazor International Inc., Köster Marine Proteins GmbH

DataM Intelligence has released a new research report on the Marine Ingredients market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Marine Ingredients Market reached US$ 9.11 billion in 2023 and is expected to reach US$ 15.35 billion by 2031, growing with a CAGR of 6.68% during the forecast period 2024-2031.

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Marine ingredients refer to various products derived from marine sources, including fish, shellfish, and algae, used in food, dietary supplements, cosmetics, pharmaceuticals, and animal feed. These ingredients are valued for their nutritional benefits, including high-quality proteins, omega-3 fatty acids, vitamins, and minerals. Common examples of marine ingredients include fish oil, collagen, krill oil, seaweed extracts, and fish meal. The utilization of marine ingredients is increasingly popular due to their health benefits and their role in sustainable food systems, promoting environmental stewardship through responsible harvesting and sourcing practices.

List of the Key Players in the Marine Ingredients Market:

Mukka Proteins Limited, Fornazor International Inc., Köster Marine Proteins GmbH, Seatech Bioproducts Corp., Ming Ch Biotechtechnology Ltd., Athos Collagen Pvt. Ltd., LEXICARE PHARMA PVT. LTD., LESSONIA, Bio-marine Ingredients, Ireland Limited and Abyss Ingredients.

Key Developments:

In November 2023, Macro Oceans, a seaweed biotechnology company based in California, launched an innovative eco-friendly ingredient for skincare and haircare products. Their Hydrating Marine Polysaccharide, sourced from Alaskan seaweed, has been clinically demonstrated to enhance hydration.

In February 2023, Givaudan Active Beauty introduced Gravityl, a 100% natural ingredient designed to combat the visible signs of aging caused by gravity. This product is derived from red seaweed and utilizes marine biotechnology.

In November 2022, Merck, a prominent science and technology firm, unveiled two new cosmetic ingredients, RonaCare JouvaMer and RonaCare ReviMer, at in-cosmetics Asia 2022. These natural extracts, derived from seaweed harvested along the coast of Brittany, France, aim to promote skin vitality and overall well-being.

Research Process:

Both primary and secondary data sources have been used in the global Marine Ingredients Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Marine Ingredients Market:

By Source: Krill, Algae, Fish, Squid, Others

By Raw Material: Whole Fish, By-Product

By Type: Fish Meal, Fish Oil, Marine Proteins, Marine Peptides, Marine Collagen, Fish Bone , Others

By Form: Liquid, Powder

By Application: Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Animal Feed, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Marine Ingredients market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Marine Ingredients Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Marine Ingredients market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Marine Ingredients Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Marine Ingredients market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Marine Ingredients market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Marine Ingredients market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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