Rising Demand from the Nutraceuticals Industry Helping to Expand the Global Marine Collagen Market

In the year 2023, the size of the Global Marine Collage Market was valued at around USD 850 million. Moreover, it is expected that the market will grow at a CAGR of around 7.5% from 2024 to 2030. The growth track of the industry experiencing a significant upswing, fuelled by boosting consumer consumption, and a growing preference for type I marine collagen. 

Moreover, the upward track in the preference for supplements as a strategy to manage healthcare costs is assured to notably boost the growth of the marine collagen market. This inclination is further catalyzed by the initiation of new delivery forms, backed by scientific evidence supporting the health claims related to marine collagen. Furthermore, the surge in awareness among customers is anticipated to increase the sales of marine-based collagen supplements.

Sustainable Marine Collagen-Based Products Attaining Traction

Multiple companies are launching environment-friendly processes throughout the supply chain, from responsibly obtaining seafood to effectively using byproducts, and using eco-friendly extraction procedures, in response to consumers who are prioritizing sustainability issues, this step towards sustainability in their purchasing decisions.

Moreover, to address the environmental concerns, this move towards sustainability is in line with the demand of the customers for environmentally, and ethically sound products. Hence, goods that are based on sustainable marine collagen are gaining popularity, spurring innovation, and influencing the direction of the marine collagen industry.

Bone & Tendons Occupies a Significant Share in the Global Marine Collagen Industry

On the basis of sources, the Global Marine Collagen Market is segmented into different categories, including – scales, muscles, bones & tendons, along with the skin. However, the maximum share is held by the bone & tendons segment. In fish, the collagen content in their bones and tendons is higher than any of the other parts. As a result, the extraction of collagen mainly focuses on tendons, and bones. The skin of the fish contains complex structural proteins that helps in providing strength and flexibility to various parts of the body including – bones, skin, ligaments, muscles, joints, eyes, gums, nails, blood, vessels, and hairs. Therefore, utilizing the skin of fish as a source of collagen shows a promising substitute.

Main Market Participants of the Global Marine Collagen Market

As per the analysis of MarkNtel Advisors, the key players of the Global Marine Collagen Industry are - Bega Bionutrients, BHN International Co. Ltd., Gelita AG, ETChem, COBIOSA, Certified Nutraceuticals Inc., Hangzhou Nutrition Biotechnology Co., Ltd, Rousselot, Darling Ingredients Inc., HUM Nutrition Inc., Connoils LLC, Seagarden AS, Weishardt Group, Ashland Inc., Vital Proteins LLC, and others.

New Development in the Global Marine Collagen Industry                                     

In 2023, Darling Ingredients Inc., a global pioneer in modifying food waste into sustainable products, and renewable energy, to complete the acquiring the Gelnex, a prominent producer of collagen and gelatin items worldwide.

North America is Leading the Global Marine Collagen Market by Promoting & Engaging in Fishing Activities

In North America, the US, and Canada, are engaging and promoting in fishing activities. The fisheries with these countries have constantly yielding notable results, positioning some of them as the biggest fisheries around the globe. There is a plenty amount of marine resources, primarily surplus fish caught from the sea, serves as a valuable raw material for multiple industries, including production of the collagen. The local industries pick substantial advantages from the fish availability of fish at relatively lower prices, fostering the growth of the collagen industry in the region.