Overview
The Marine Collagen
Market is estimated to reach $983.84m by 2024, post growing at a CAGR of 7.4%
during the forecast period 2019-2024. The growth of the marine collagen market
is attributed to increasing use of collagen in the food and beverage industry.
Moreover, growth in the cosmetics industry and the potential benefits of marine
collagen to skin health is establishing new opportunities for market growth.
Report Coverage
The report, “Marine
Collagen Market – Forecast (2019-2024)” by IndustryARC, provides an
in-depth analysis of the following segments of the marine collagen market.
Key Takeaways
- The marine collagen market has been analyzed to be fragmented with key players accounting for around 38.01% of the market share. Major players in the marine collagen market are Amicogen, Inc., Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, and Darling Ingredients Inc.
- The major driving factor for the marine collagen market growth is increasing demand for health supplements and protein consumption; and growing demand for cosmetic personal care products.
- The Type I segment will register the highest growth, owing to its advantages in medical applications.
- The Asia Pacific region is poised to contribute the largest share, accounting for 32.33% of the overall marine collagen market, owing to demand from health and drinks industry and the growing Chinese cosmetics industry.
By Type - Segment
Analysis
In terms of type, the
Type I sub-segment is dominating the market and is estimated to grow at a CAGR
of 7.8% during the forecast period. Type I is a fibrillar type and finest
investigated collagen. Since the use of Type I can encourage osteogenic
distinction and mineralization of stromal marrow cells and human adipose stem
cells, it is used in multiple medical products such as Collapat II, Healos,
Collagraft, and Biostite. Hence, the increasing usage of Type I in various
medical applications has encouraged companies to offer customized Type I
solutions.
Application - Segment
Analysis
Cosmetics is the
largest application segment for the marine collagen market globally. The market
for cosmetics was valued at $262.06m in 2018 and is projected to grow at a CAGR
of 7% during the forecast period. Marine collagen is being increasingly adopted
by the cosmetics industry for various anti-aging and anti-wrinkle products. In
contrast to animal collagen, marine collagen does not cause irritation as it is
free of pathogens, a factor that is strongly increasing the use of marine
collagen in cosmetics. The ability of collagen to retain water is also one of
the major factors leading to its increasing adoption by the cosmetic industry.
Geography - Segment
Analysis
The Asia Pacific
region held the largest market share of the marine collagen market in 2018.
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 industries, owing to expansion
of the 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 growth of the marine collagen market in countries such as Australia and
New Zealand.
Drivers - Marine
Collagen Market
Increasing demand for health supplements &
high protein consumption:
Consumption of marine
collagen-derived supplements can decrease the risk of bone illnesses such as
osteoporosis. It helps in increasing bone mineral density (BMD) and reduces
the risk factors relating to heart conditions such as atherosclerosis. Hence, growing
consumer awareness relating 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 witnessing significant
growth.
Demand in the Cosmetics Industry :
Marine collagen-based
formulations are emerging as promising solutions for the Personal Care industry
that constantly seeks innovative, sustainable and effective products. The
ability to increase skin comfort; epidermis nutrition; enhance skin elasticity;
skin and hair conditioning and filmogen; and neutralize the side effects of
surfactants are some features of marine collagen that drive market growth.
Challenges – Marine
Collagen Market
Increased prices of raw materials
High prices of raw materials and associated processing costs during marine-based collagen formulation is the major constraint hindering market growth. Additionally, supply shortages and increased prices of raw materials are significant problems for manufacturers of beauty and health supplements, in line with increasing demand for marine collagen worldwide.
Various denaturation temperatures
The temperature of
marine collagen is lower than that of mammalian collagen, calf collagen and
porcine collagen. Due to differences in denaturation temperature, it is
difficult to extract collagen from marine. Thus, the denaturation temperature
is another factor that hampers processing of marine collagen products.
Market Landscape
Acquisitions and
product launches are some major strategies being adopted by key players in the
Marine Collagen Market. Companies are trying to create their own mark in
the market by adopting new technologies at a rapid rate. As a result, the
number of product launches are increasing every year. In 2018, the key
companies in the Marine Collagen Market accounted for 38.01% of the market
share. The major players in the market include Amicogen, Inc.,
Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, Darling
Ingredients Inc., Bega Bionutrients, Seagarden AS, and Gelita AG, among others.
Partnerships/Mergers/Acquisitions/Product
Launches
- In February 2019, Gelita AG launched the Bioactive collagen peptide brand which offers specific and optimized collagen peptides that strengthen the tendons and ligaments.
- In February 2017, Vinh Hoan Corporation acquired 100% shares in fellow processor Thanh Binh Dong Thap Fisheries for VND 360 billion ($15.61m).
R&D Investments/Funding
Marine Biotechnologies, the first commercial manufacturer of jellyfish collagen for cell culture and medical applications such as wound care and regenerative medicine, has attracted funding from Newable Private Investing, Development Bank of Wales and angel investors amounting to $5.3m (£3.8m).
Marine Collagen Market
Research Scope:
The base year of the study is 2018, with forecast done up to 2024. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Marine Collagen market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of sources from which collagen is extracted; and applications of marine collagen.
1.1 Definitions and Scope
2. Marine Collagen Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Marine Collagen Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Marine Collagen Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Marine Collagen Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Marine Collagen Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Marine Collagen Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Marine Collagen Market - By Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Segment Analysis
LIST OF TABLES
1.Global Marine Collagen Market By Type Market 2023-2030 ($M)2.Global Marine Collagen Market By Source Market 2023-2030 ($M)
2.1 Bones & Tendons Market 2023-2030 ($M) - Global Industry Research
3.Global Marine Collagen Market By Type Market 2023-2030 (Volume/Units)
4.Global Marine Collagen Market By Source Market 2023-2030 (Volume/Units)
4.1 Bones & Tendons Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Marine Collagen Market By Type Market 2023-2030 ($M)
6.North America Marine Collagen Market By Source Market 2023-2030 ($M)
6.1 Bones & Tendons Market 2023-2030 ($M) - Regional Industry Research
7.South America Marine Collagen Market By Type Market 2023-2030 ($M)
8.South America Marine Collagen Market By Source Market 2023-2030 ($M)
8.1 Bones & Tendons Market 2023-2030 ($M) - Regional Industry Research
9.Europe Marine Collagen Market By Type Market 2023-2030 ($M)
10.Europe Marine Collagen Market By Source Market 2023-2030 ($M)
10.1 Bones & Tendons Market 2023-2030 ($M) - Regional Industry Research
11.APAC Marine Collagen Market By Type Market 2023-2030 ($M)
12.APAC Marine Collagen Market By Source Market 2023-2030 ($M)
12.1 Bones & Tendons Market 2023-2030 ($M) - Regional Industry Research
13.MENA Marine Collagen Market By Type Market 2023-2030 ($M)
14.MENA Marine Collagen Market By Source Market 2023-2030 ($M)
14.1 Bones & Tendons Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Marine Collagen Market Revenue, 2023-2030 ($M)2.Canada Marine Collagen Market Revenue, 2023-2030 ($M)
3.Mexico Marine Collagen Market Revenue, 2023-2030 ($M)
4.Brazil Marine Collagen Market Revenue, 2023-2030 ($M)
5.Argentina Marine Collagen Market Revenue, 2023-2030 ($M)
6.Peru Marine Collagen Market Revenue, 2023-2030 ($M)
7.Colombia Marine Collagen Market Revenue, 2023-2030 ($M)
8.Chile Marine Collagen Market Revenue, 2023-2030 ($M)
9.Rest of South America Marine Collagen Market Revenue, 2023-2030 ($M)
10.UK Marine Collagen Market Revenue, 2023-2030 ($M)
11.Germany Marine Collagen Market Revenue, 2023-2030 ($M)
12.France Marine Collagen Market Revenue, 2023-2030 ($M)
13.Italy Marine Collagen Market Revenue, 2023-2030 ($M)
14.Spain Marine Collagen Market Revenue, 2023-2030 ($M)
15.Rest of Europe Marine Collagen Market Revenue, 2023-2030 ($M)
16.China Marine Collagen Market Revenue, 2023-2030 ($M)
17.India Marine Collagen Market Revenue, 2023-2030 ($M)
18.Japan Marine Collagen Market Revenue, 2023-2030 ($M)
19.South Korea Marine Collagen Market Revenue, 2023-2030 ($M)
20.South Africa Marine Collagen Market Revenue, 2023-2030 ($M)
21.North America Marine Collagen By Application
22.South America Marine Collagen By Application
23.Europe Marine Collagen By Application
24.APAC Marine Collagen By Application
25.MENA Marine Collagen By Application
26.Ashland, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Darling Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nitta Gelatin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Gelita, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Weishardt Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Amicogen, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nippi Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Seagarden, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Vital Proteins, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Connoils, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.BHN, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Taiaitai, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Intalgelatine, Sales /Revenue, 2015-2018 ($Mn/$Bn)