Global Marine Collagen Market Research Report: Forecast (2024-2030)

Market Definition

Marine collagen refers to a protein derived from fish or other marine sources, typically extracted from fish skin, scales, or bones. Recognized for its bioavailability and similarity to human collagen, marine collagen is widely utilized in the cosmetic and healthcare industries for its potential benefits in promoting skin health and supporting joint and bone health.

Market Insights & Analysis: Global Marine Collagen Market (2024-30):

The Global Marine Collagen Market size was valued at around USD 850 million in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The growth trajectory of the marine collagen market is experiencing a notable upswing, fueled by heightened consumer consumption and a growing preference for type I marine collagen. This surge in demand is attributed to the recognized intrinsic health benefits of marine collagen, particularly its effectiveness as a rich protein source. Marine collagen, falling within the categories of type I and type III collagen, is a fibrous protein derived from the scales or meat of seafish, with exceptional potency and purity when sourced from varieties like red snapper and salmon. Renowned as a crucial building block for the development of flexible and durable bones, skin, and connective tissues, marine collagen not only meets health-conscious consumer demands but also aligns with sustainability goals, often being sourced from parts of discarded fish.

Moreover, the increasing demand for supplements as a strategy to manage healthcare costs is a significant contributing factor, with a simultaneous rise in sales of marine collagen-based supplements expected to further propel market expansion. The market is also buoyed by an augmented awareness among consumers regarding the benefits of marine collagen. However, potential challenges loom on the horizon, such as a rise in import duties that could impede the market's growth trajectory. Despite these challenges, the market is poised for opportunities, particularly with the surge in chronic diseases like diabetes and obesity, which could further drive the demand for marine collagen in the coming years. Nevertheless, the market must navigate potential hurdles, including the rise in product costs, which could pose challenges to sustained growth in the marine collagen industry.

Global Marine Collagen Market Driver:

Increasing Awareness Among Consumers Regarding the Health Benefits of Marine Collagen – The upward trajectory in the preference for supplements as a strategy to manage healthcare costs is poised to significantly boost the market growth of marine collagen. This inclination is further catalyzed by the introduction of new delivery forms, backed by scientific evidence supporting the health claims associated with marine collagen. Additionally, the surge in consumer awareness is expected to drive sales of supplements based on marine collagen.

According to a survey commissioned by Swiss multinational Lonza and conducted by the Natural Marketing Institute (NMI), a substantial majority of consumers in Germany, France, and Italy expressed a willingness to consider purchasing joint health products, thereby fostering the market for marine collagen. The growing awareness among consumers regarding the myriad health benefits linked to collagen, encompassing bone, muscle, and joint health, positions marine-based collagen supplements as a cost-effective and appealing option, contributing to the increasing consumer preference for these products.

Global Marine Collagen Market Opportunity:

Increasing Demand from the Nutraceuticals Industry to Provide New Opportunities – The evolving lifestyle choices and the rising trend of urban living have brought about a significant transformation in the dietary preferences and eating habits of consumers. In recent years, there has been a noticeable shift toward healthier and more nutritious food selections, leading to an increased demand for fish collagen products within the nutraceuticals sector. Consumers are actively seeking dietary supplements that incorporate natural and beneficial ingredients, thereby fueling the adoption of marine collagen in the nutraceutical industry.

The rich biodiversity within the marine ecosystem serves as a vast source of diverse natural compounds. Each year, numerous novel marine molecules are discovered, unveiling their potential biological benefits. The identification of these new elements, coupled with clinical trials confirming their positive attributes, opens avenues for their integration into functional foods, nutraceuticals, therapeutic agents, and pharmaceuticals. This continuous exploration and validation of marine resources contributes to the expansion of opportunities for utilizing marine-derived compounds in various health and wellness applications. For instance,

• In 2022, PB Leiner’s joint venture with Hainan Xiangtai Group was announced to bring fish collagen peptides to the global market. The motive behind the collaboration was to expand PB Leiner’s Solugel collagen peptide portfolio.

Marine collagen peptide is a proactive ingredient that promotes health by providing anti-aging effects and supporting the health of bones and joints.

Global Marine Collagen Market Challenge:

High Cost of Marine Collagen-based Products to Restrain Market Growth – The development of collagen-based products necessitates advanced technology and extensive research and development efforts, including the creation of collagen scaffolds for tissue engineering and the utilization of nanomaterials for drug delivery with marine collagen as a key component. Its widespread application in clinical settings is attributed to its biocompatibility, abundance, and biodegradability. However, the integration of high-end technologies in production contributes to a somewhat elevated final product cost, acting as a constraint on market growth.

Additionally, regions like Europe and North America heavily depend on collagen imports for manufacturing marine collagen products, but the imposition of high import duties increases market prices. This higher cost inhibits middle-income consumers' access to these products, leading them to opt for more affordable alternatives such as bovine collagen.

Global Marine Collagen Market Trend:

Sustainable Marine Collagen-Based Products Gaining Traction – Companies are introducing eco-friendly procedures throughout the supply chain, from responsibly procuring seafood to efficiently using byproducts and using eco-friendly extraction processes, in response to consumers who are prioritizing sustainability in their purchase decisions. In addition to addressing environmental issues, this move toward sustainability is in line with customer demands for ethically and environmentally sound products. As a result, goods based on sustainable marine collagen are becoming more and more popular, spurring innovation and influencing the direction of the marine collagen industry.

Innovation, environmental consciousness, and consumer demand are driving the promising trend of sustainable marine collagen-based products. Even though there are still obstacles to overcome, doing so will allow this market to reach its full potential and help create a more sustainable and responsible future.

Global Marine Collagen Market (2024-30): Segmentation Analysis

The Global Marine Collagen Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on Source

• Skin
• Muscles
• Scales
• Bone & Tendons

The largest market share is held by the bone & tendons segments. In fish, the collagen content in bones and tendons is higher than in other parts, constituting approximately 50 to 60% of the total collagen in the fish. Consequently, collagen extraction primarily focuses on bones and tendons. Fish skin contains intricate structural proteins that contribute to the flexibility and strength of various body parts such as skin, ligaments, bones, joints, muscles, tendons, gums, eyes, blood vessels, nails, and hair. Utilizing fish skin waste as a collagen source presents a promising alternative. There is a higher demand for Type 1 collagen derived from fish, specifically from the scales and skin of various freshwater and saltwater fish, surpassing the demand for the other type sourced from bones and tendons.

Furthermore, the increasing recognition among consumers of the health and beauty advantages linked to fish-derived marine collagen serves as a notable catalyst. Individuals are actively pursuing natural and sustainable methods to enhance skin health, joint well-being, and overall wellness, driving the market demand for marine collagen derived from fish. Typically sourced from byproducts of the fishing industry like fish skin and scales, this approach to sustainable resourcing aligns with consumer preferences for environmentally conscious and ethical practices, foreseeing a growth trajectory in the market.

By Form

• Powder
• Liquid

The surge in the popularity of powdered marine collagen has been attributed to its convenience and versatility, providing consumers with an easily integrable collagen option. Its adaptability allows for seamless mixing into various consumables like beverages, smoothies, or recipes, presenting a flexible and neutral-tasting alternative. Notably, powdered marine collagen typically contains collagen peptides, smaller and more bioavailable molecules that the body can efficiently absorb, heightening the supplement's efficacy. This, in turn, contributes to potential benefits such as improved skin elasticity, hydration, and joint health support.

The escalating demand for powdered marine collagen is significantly influenced by prevailing wellness and beauty trends. As consumers increasingly seek natural solutions to enhance their overall health, promote skin vibrancy, and support joint function, the powdered form aligns with these preferences. This underscores its appeal in the market, positioning powdered marine collagen as a favored choice that caters to the evolving demands of health-conscious and beauty-focused consumers.

Global Marine Collagen Market (2024-30): Regional Projections

Geographically, the Global Marine Collagen Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The US and Canada in North America are promoting and engaging in fishing activities. The fisheries associated with these countries have consistently yielded significant outputs, positioning some of them as the largest fisheries globally. This abundance of marine resources, particularly surplus fish caught from the sea, serves as a valuable raw material for various industries, including collagen production. The local industries reap substantial benefits from the availability of fish at relatively lower prices, fostering the growth of the collagen industry in the region.

However, with recent amendments to fishing guidelines aimed at preventing overfishing, there has been a notable reduction in marine waste. This regulatory shift reflects a commitment to sustainable fishing practices, impacting the dynamics of the collagen industry in North America and emphasizing the importance of environmental conservation in resource utilization.

Global Marine Collagen Industry Recent Development:

• 2023: Darling Ingredients Inc., a global pioneer in converting food waste into sustainable products and renewable energy, completed the acquisition of Gelnex, a prominent worldwide manufacturer of gelatin and collagen items.

Gain a Competitive Edge with Our Global Marine Collagen Market Report

1. Global Marine Collagen Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Marine Collagen Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.