DUBLIN--(BUSINESS WIRE)--The "Marine Collagen Market by Type (Type I, Type II, Type III), Source (Skin, Scales, & Muscles, Bones & Tendons), Animal (Fish & Other Animals), Application (Nutraceuticals, Cosmetics, Medical), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The marine collagen market is estimated to be valued at USD 620.3 million in 2018 and is projected to reach USD 897.5 million by 2023, growing at a CAGR of 7.7%.
The need for retention of nutrients and sensory attributes in food have triggered the marine collagen market growth. Factors such as growth in inclination toward healthy lifestyles among consumers and high protein consumption have significantly fueled the demand for marine collagen due to its various health benefits such as regeneration of skin & bones and better bioavailability as compared to other collagen types. However, high import duty is a major restraining factor for this market while high processing cost is a major challenge.
The type I segment is projected to grow at the highest CAGR from 2018 to 2023. Type I collagen helps in healing wounds and acts as a foundation for strong connecting tissues. It also finds applications in cosmetics as it helps in preventing any signs of skin aging. Due to these factors, the market is projected to grow at a significant rate in the future.
The skin and scales of various fresh and saltwater fishes are the most suitable source of collagen as they contain abundant protein. Fishes are often harvested and processed into skinned and boned fillets, which leaves a large amount of skin and scales so that it can be used for the extraction of collagen.
Fish is one of the widely used key animals used for the extraction of marine collagen. There are many nutritional benefits of fish collagen which is attributed to the presence of proteins, unsaturated essential fatty acids, minerals, and vitamins. Fish collagen is also effective in the treatment of many diseases, leading to its high demand in the production of pharmaceuticals, food supplements, and cosmetics.
Nutraceuticals are one of the widely used applications of marine collagen. Manufacturers are opting for marine animals as a source of collagen to cater to the increasing demand for nutraceuticals among consumers. Consumers are increasingly getting aware of the health benefits related to marine collagen.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Marine Collagen Market, By Type
7 Marine Collagen Market, By Source
8 Marine Collagen Market, By Animal
9 Marine Collagen Market, By Application
10 Marine Collagen Market, By Region
11 Competitive Landscape
12 Company Profiles
- Darling Ingredients
- Nitta Gelatin
- Weishardt Group
- Nippi Incorporated
- Vital Proteins
For more information about this report visit https://www.researchandmarkets.com/research/gx2p4p/global_marine?w=4