Marine Collagen Market Growth, Valued at USD 850 million in 2023 with a 7.5% CAGR- MarkNtel Advisors

Market Insights

As per recent research by MarkNtel Advisors, The Global Marine Collagen Market size was valued at around USD 850 million in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.

Global Marine Collagen Market Driver:

Increasing Awareness Among Consumers Regarding the Health Benefits of Marine Collagen – The upward trajectory in the preference for supplements as a strategy to manage healthcare costs is poised to significantly boost the market growth of marine collagen. This inclination is further catalyzed by the introduction of new delivery forms, backed by scientific evidence supporting the health claims associated with marine collagen. Additionally, the surge in consumer awareness is expected to drive sales of supplements based on marine collagen.

According to a survey commissioned by Swiss multinational Lonza and conducted by the Natural Marketing Institute (NMI), a substantial majority of consumers in Germany, France, and Italy expressed a willingness to consider purchasing joint health products, thereby fostering the market for marine collagen. The growing awareness among consumers regarding the myriad health benefits linked to collagen, encompassing bone, muscle, and joint health, positions marine-based collagen supplements as a cost-effective and appealing option, contributing to the increasing consumer preference for these products.

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Market Segmentation and Consumer Behavior:

By Category

Fish- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Algae- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Others- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons

By Type

Type I - Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Type III - Market Size & Forecast 2019-2030F, USD Million & Thousand Tons

By Source

Skin- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Muscles- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Scales- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Bone & Tendons- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons

By Form

Powder- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Liquid- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons

By Application

Food & Beverages- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Cosmetics- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons
Others- Market Size & Forecast 2019-2030F, USD Million & Thousand Tons

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Marine Collagen Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Marine Collagen Market

Several prominent players dominate the Marine Collagen Market, including:

Vital Proteins LLC
Ashland Inc.
Weishardt Group
Seagarden AS
Connoils LLC
HUM Nutrition Inc.
Darling Ingredients Inc.
Rousselot
Hangzhou Nutrition Biotechnology Co., Ltd
Certified Nutraceuticals Inc.
COBIOSA
ETChem
Gelita AG
BHN International Co. Ltd.
Bega Bionutrients

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Questions Addressed in this Study

1.What factors are driving the Marine Collagen Market growth?

2.How is the Marine Collagen Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Marine Collagen Market?

4.What is the current size of the Marine Collagen Market, and how is it projected to change in the future?

5.What is the future outlook for the Marine Collagen Market in terms of technological advancements and market expansion?

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