Marine Collagen Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Marine Collagen Market is projected to grow at a CAGR of 7.35% during the forecast period (2020 - 2025).

Key Highlights

• The demand for marine collagen is gaining pace among a large consumer base, backed up by a high disposable income in the developed countries, where collagen-based products are selling due to their benefits.
• Collagen has an extensive demand in the sports nutrition sector and since the people across the globe are becoming health conscious and are opting for supplements to fulfill their nutritional shortcomings, the market of marine collagen supplements is likely to foresee a strong future over the forecast period in the particular sector.
• The high-end manufacturing capabilities and a versatility in application are also readily contributing to the progress of the marine collagen market.

Key Market Trends

Preventive Healthcare Approach is Boosting the Market Growth

Rising preference for supplements for controlling healthcare costs is likely to promote the market growth of marine collagen. The introduction of new delivery forms, scientific evidence to support the claims, along with increased consumer awareness, is expected to fuel the sale of marine collagen-based supplements. A survey of supplement users commissioned by Swiss multinational Lonza and conducted by the Natural Marketing Institute (NMI) found that seven out of ten consumers in Germany, France, and Italy would consider purchasing a joint health product, promoting the market of marine collagen. The increasing consumer awareness about the multiple health benefits associated with collagen including bone, muscle, and joint health, is making it a cost-effective option, resulting in consumers opting for marine-based collagen supplements.

North America is a Major Market for Marine Collagen

The North American giants, United States, and Canada have been promoting fishing for centuries and the fisheries associated with the countries have been providing extreme outputs, enough to make a few of them the largest fisheries in the world. The surplus fish caught from the sea is often utilized in producing collagen and for many other purposes. The local industries are largely benefitted due to the availability of fishes at lesser prices and thus, the collagen industry is flourishing in the region. However, due to the amendment in the fishing guidelines for prevention of over-fishing, marine waste has reduced to an extent.

Competitive Landscape

The market is fragmented with the presence of numerous players owing to increasing awareness regarding the benefits of collagen, being spread out among the people through various mediums. The leading players follow the strategy of mergers and acquisitions of leading brands to enter the region. Pertaining to the versatility of marine collagen in terms of use, several manufactures are stepping into the potential market to set up a significant consumer base. Moreover, owing to the continuous demand for marine collagen in skin care cosmetics, key players are increasing their investments in research and development activities, thereby coming up with innovative marine collagen products to gain an edge over their competitors.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support