Marine Collagen Market – ‘Rebuilding Life’
What is Marine Collagen Market?
Marine Collagen is a fibrous protein extracted from the scales or skin of saltwater fish, including cod and salmon. In recent years, clinical studies have found that this collagen possesses medicinal properties that can help promote human health and well-being. Marine collagen has antioxidant properties that have been used in skin-care products to prevent or even repair the damage caused by environmental factors, such as UV rays and low humidity, as well as damage associated with the aging process. The potential benefits of marine collagen over other animal-derived collagens such as bovine collagen and porcine collagen made it a valuable protein source for cosmetics, nutraceuticals, and some other manufacturers.
Different Devices & End-use Applications
There are different 2 types of Marine collagen offered in the market. They are Type 1 Collagen and Type 3 Collagen. Type 1 Collagen minimizes fine lines and wrinkles and improves skin elasticity and hydration. It not only helps rebuild your muscles, eyes, bones, and spine, it also helps in strengthening your nails and helping you grow stronger and thicker hair. Type 1 collagen is most abundant in Marine Collagen. One of the best sources is Protein. Type 3 Collagen is found in large quantities in your intestines, muscles, blood vessels, and the uterus. Bovine Collagen Peptides is a great source of type 1 and 3 collagen. The end-users of the marine collagen market are R&D institutes, Technology providers, Marine collagen providers, Intermediary suppliers, Wholesalers, dealer’s consumers, and end-users.
Asia Pacific Region is the largest market for Marine Collagen Market
The Asia Pacific region held the largest market share of the marine collagen market. Increasing demand for health drinks and supplements is one of the most prominent factors supporting the market growth in this region. Moreover, the Chinese cosmetics industry is one of the most promising industry, due to expansion of men’s cosmetics segment, combined with consumers spending habits and availability of retail platforms in the region. 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 marine collagen market in countries like Australia and New Zealand. The growth of marine collagen market in the UK is attributed to the growing usage of marine collagen in textile and cosmetic products. In Other European Countries like France, Netherlands, Belgium, Denmark, and Spain, Marine collagen market is majorly used in the cosmetics sector, with Italy remains an exception, In Italy, the marine collagen market contributes towards nutraceuticals industry.
Increasing demand for health supplements and high protein consumption are the major drivers in the market. Consumption of marine collagen-derived supplements can decrease the risk of bone illnesses such as osteoporosis. It helps in increasing the bone mineral density (BMD) and reduce the risk factors related to heart conditions such as atherosclerosis. Hence, increasing consumer awareness related to marine collagen’s health benefits has resulted in high demand for marine collagen-based supplements with high Protein. Due to various applications of marine collagen, the market is showing significant growth. Another major driver that boosts the market is the increasing Demand of Cosmetics Industry. Marine collagen-based formulations emerge as promising solutions for the Personal Care industry that constantly seeks innovative, sustainable, and effective products. Improving skin comfort, epidermis nutrition, enhancing skin elasticity, skin and hair conditioning, and filmogen and neutralizing the side effects of surfactants are some features of marine collagen that drive the market growth.
Key Companies Outlook
Companies are trying to create their mark in the market by adopting new technologies at an accelerated rate. As an outcome, the number of product launches is increasing every year. In 2018, the key companies in the Marine Collagen Market accounted for 38.01% of the market share. Marine Biotechnologies is the first commercial manufacturer of jellyfish collagen for cell culture and medical applications including wound care and regenerative medicine – has attracted funding from Newable Private Investing, Development Bank of Wales and angel investors worth of £3.8m. In companies, Acquisition and product launch are the major developments followed by Expansion and Partnership. Most of the companies are acquiring small companies and expanding their market penetration to increase the customer base.
The major players in the Marine Collagen market include Amicogen, Inc., Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, and Gelita AG.