Marine Collagen Market Size, Share, Industry, Forecast and outlook (2024-2031)

Marine Collagen Market is segmented By Type (Type I, Type III, Others), By Animal (Fish, Algae, Others), By Source (Skin, Scales, Muscles, Bones & Tendons, Others), By Application (Nutraceuticals, Cosmetics, Medical, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Marine Collagen Market Overview

The marine collagen market report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. Marine collagen usage in medicine is on the rise. Demand for cosmetics and medicine in the Asia Pacific is booming. The competitive rivalry intensifies with Ashland Global Holdings, Darling Ingredients Inc., and others active in the market.

The market for marine collagen is growing among a large consumer base, fueled by a high level of disposable income in developing countries, where collagen-based products are selling due to their benefits. Marine collagen is also known as fish collagen extracted from either the meat or scales of cold sea fish. Marine collagen has superior bioavailability as compared with other animal sources. Marine collagen is 1.5 times more absorbent than bovine, porcine, or chicken collagen because of its optimum or low molecular weight. It is the right type of collagen that helps in building blocks of human skin. As marine collagen is extracted from fish, it is free from bovine spongiform encephalopathy, hoof-and-mouth disease, and bird viruses.

Marine Collagen Market Scope

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Marine Collagen Market Dynamics

Increasing demand for marine collagen in the cosmetics industry

Marine collagen helps in the elimination of wrinkles, speeding up the skin renewal process, and the maintenance of hair structure and strength. This makes it the most popular cosmetic ingredient, especially in skin-care and hair-care products.  As consumers become more conscious of the benefits provided by the beauty and personal care industry, the use of marine collagen is expected to grow at a rapid rate.

Furthermore, increasing demand for supplements to control healthcare costs is expected to boost the market for marine collagen. The sales of marine collagen-based supplements are expected to be boosted by the launch of new delivery forms, scientific evidence to support the claims, and increased consumer awareness. According to a survey of supplement users conducted by the Natural Marketing Institute (NMI) on behalf of Swiss multinational Lonza, seven out of ten consumers in Germany, France, and Italy would consider buying a joint health product, boosting the demand for marine collagen. Consumer awareness of the numerous health benefits associated with collagen, such as bone, muscle, and joint health, is causing consumers to choose marine-based collagen supplements as a cost-effective choice.

The increase in the number of end-use applications, because of the multifunctional attributes of marine collagen is expected to create lucrative growth opportunities. Marine collagen is being used in the fields of medicine, dentistry, and pharmacology. It's also a natural biomaterial with astringent and wound-healing properties that are used to support drugs. Thus, marine collagen's manifold applications in nutraceutical, cosmetic, and medical fields present a prospective market for the overall growth of marine collagen as an ingredient.

However, a high duty on the import of collagen or collagen products is expected to hamper the market growth because it increases product costs, which can't be afforded in a competitive market. Furthermore, countries in Europe and North America depend on collagen imports to manufacture a variety of products. As a result of the high import duty, global market growth is hampered.

Marine Collagen Market Segmentation

Type I is expected to hold the highest market share of XX% during the forecast period.

In terms of type, Type I is dominating the market and is estimated to grow at a CAGR of XX% during the forecast period. Type I collagen is the most researched fibrillar type. Type I is used in a variety of medical products, including Collapat II, Healos, Collagraft, and Biostite since it can promote osteogenic differentiation and mineralization of stromal marrow cells and human adipose stem cells. Hence, the increasing usage of Type I in various medical applications has encouraged companies to offer customized Type I solutions.

The largest application segment for marine collagen in the global market is cosmetics. The cosmetics industry is gradually using marine collagen in various anti-aging and anti-wrinkle products. A factor that is driving up the use of marine collagen in cosmetics is that marine collagen, unlike animal collagen, does not cause inflammation because it is pathogen-free. One of the major factors driving collagen's increased acceptance by the cosmetic industry is its ability to hold water.

Marine Collagen Market Geographical

Asia Pacific accounted for the highest market revenue share in the global market, in the year 2020

In 2020, the Asia Pacific region dominated the global demand for marine collagen. One of the most important factors driving market growth in this area is an increase in demand for health drinks and supplements. Furthermore, due to the growth of the men's cosmetics segment, as well as consumer buying patterns and the availability of retail platforms in the country, the Chinese cosmetics industry is one of the most promising in the country. Due to its characteristics, marine collagen is one of the key ingredients used in cosmetics for wrinkle reduction. Additionally, the favorable government regulations for collagen will support the growth of the marine collagen market in countries such as Australia and New Zealand.

North America is expected to grow with a CAGR of XX% during the forecast period. For centuries, the United States and Canada, have promoted fishing, and the fisheries associated with the countries have produced extreme outputs, making a few of them the world's largest fisheries. Surplus sea fish is often used in the production of collagen and for a variety of other purposes. The availability of fish at lower prices has benefited local industries significantly, and the collagen industry is flourishing in the area.

COVID-19 Impact on Marine Collagen Market Growth

Lockdowns around the world in 2020, as well as continued restrictions in 2021, disrupted the supply chain, raising problems for marine collagen manufacturers. Vendor profit margins will continue to be squeezed by fierce competition, pricing issues, and shifting consumer preferences. The COVID-19 pandemic placed unprecedented stress on ingredient supply chains, with bottlenecks in farm labor, processing, transport, and logistics, and momentous shifts in demand. However, in the second half of 2020, the supply chains demonstrated remarkable resilience in the face of these stresses.

Marine Collagen Companies and Competitive Landscape

The market is fragmented, with several players, as a result of growing consumer awareness of the benefits of collagen, which is being spread across various mediums. The key players such as Ashland Global Holdings, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, and Gelita AG follow the strategy of product launches, and mergers & acquisitions of leading brands to enter the region. For instance, in January 2021, Darling Ingredients introduced Peptan, marine collagen peptides under its Rousselot brand. This product would help the company enter the nutricosmetics and dietary supplements market. In January 2021, Ashland acquired the personal care business of Schülke & Mayr GmbH (Germany). The acquisition would provide strategic positioning as a premier specialty additives supplier and would strengthen the company’s consumer business portfolio. In February 2019, Gelita AG launched the Bioactive collagen peptide brand which offers specific and optimized collagen peptides that strengthen the tendons and ligaments. Of the versatility of marine collagen in terms of use, several manufacturers are stepping into the potential market to set up a significant consumer base.