GVR Report cover Marine Hydrolyzed Collagen Market Size, Share & Trends Report

Marine Hydrolyzed Collagen Market Size, Share & Trends Analysis Report By Application (Cosmetics & Personal Care, Food & Beverages, Healthcare), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028

  • Report ID: GVR-4-68039-682-8
  • Number of Pages: 88
  • Format: Electronic (PDF)

Report Overview

The global marine hydrolyzed collagen market size was estimated at USD 907.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028. The market is anticipated to be driven by the growing product application scope in the cosmetics & personal care and food & beverage sectors. In addition, the market is expected to benefit from the increasing adoption of marine collagen-based products in dietary supplements along with the rising demand for marine collagen-based biomaterials. The product is mainly extracted from different body parts of fish, including their skin, scales, tendons, & bones. The raw materials for the product are generally available at low costs. However, the product prices depend on the availability of raw materials and the country wherein it is being produced.

U.S. marine hydrolyzed collagen market size, by application, 2018 - 2028 (USD Million)

Key manufacturers in developed economies, such as North America and Europe, focus on the quality of the product as it is increasingly used in dietary supplements and medicines. Manufacturers are also involved in producing Kosher- and Halal-certified products. Enzymatic hydrolysis is the preferred method for producing the product on an industrial scale.

This method costs relatively higher than chemical hydrolysis, but products obtained from this method have higher nutritional value and better viscosity, solubility, water retention, and emulsification capacities. Enzymatic hydrolysis generates less waste and involves the use of enzymes, such as pepsin, trypsin, alcalase, chymotrypsin, and pronase, which are added to the pre-treated raw materials to obtain marine collagen.

The impact of the COVID-19 pandemic has been observed on several consumer discretionary categories. However, food products and non-alcoholic beverages have witnessed a comparatively mild impact of the pandemic. Indulgent food products, such as ice creams and confectioneries witnessed increased demand during the pandemic as customers. In addition, a surge in the consumption of health- and immunity-boosting food products and beverages has contributed to the product demand across the globe.

Application Insights

The cosmetics & personal care application segment dominated the market and accounted for the largest revenue share of more than 39% in 2020. This high share is attributed to the high demand for cosmetic products due to the increased awareness about self-care, especially in emerging economies of Asia Pacific, coupled with the high purchasing power of consumers in developed economies.

Apart from cosmetic products, marine collagen is also used in supplements and beauty powders, which help enhance the quality of skin, hair, and nails. Marine collagen-based supplements act as antioxidants and protect the skin against harmful UV radiation, thereby acting as sunscreen agents. A number of companies continuously carry out research and development activities and are focused on developing innovative products.

Global marine hydrolyzed collagen market share, by application, 2020 (%)

Food & beverages is the second-largest application segment and is anticipated to grow at a CAGR of 8.6%, in terms of revenue, from 2021 to 2028. This growth is credited to the rising product usage in functional food products, confectioneries, desserts, beverages, and edible films & coatings. It is also used as an additive as marine collagen can help improve the rheological properties of frankfurters and sausages.

Marine collagen is used in the manufacturing of a variety of drinks, such as flavored water, juices, milk-based products, coffee-based drinks, and dairy beverages. Drinks infused with marine collagen promote the natural capacity of the body to generate fatty tissues. They also stimulate the collagen-making mechanism of the body and promote the growth of body tissues, thereby resulting in a reduction in skin sagging and wrinkles.

Regional Insights

North America dominated the market and accounted for the largest revenue share of more than 34% in 2020. The region is anticipated to expand further at a steady CAGR from 2021 to 2028. This is attributed to the increasing demand for health drinks coupled with the rising product usage in bone reconstruction and grafting techniques. The demand for marine collagen in Mexico and Canada is primarily driven by its rising utilization in the healthcare and food & beverage industries. In addition, the rising consumption of collagen-based confectionery products in the region supports the market growth.

However, in terms of revenue, Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market from 2021 to 2028. China, India, and Japan are the key manufacturing countries in Asia Pacific, with China being a global manufacturing leader. The rising consumer disposable income levels and increasing population in these countries have led to a rise in the demand for food & beverages, personal care & cosmetics, and pharmaceuticals. In addition, the rapidly growing number of food & beverage startups, especially in India, is projected to contribute to the regional market growth over the forecast period.

Key Companies & Market Share Insights

Most of the market players are focusing on differentiating themselves due to the highly competitive and fragmented nature of the industry. Manufacturers are focused on formulating high-quality products for end-users. They are investing in research & development activities to produce sustainable products with an aim to minimize the impact on sea biodiversity. Manufacturers are also involved in increasing their production capacity to meet the growing demand. Moreover, some manufacturers are selling their products directly through their websites to earn more profits. Some of the prominent players in the global marine hydrolyzed collagen market include:

  • Gelita AG

  • Croda International Plc.

  • Collagen Solutions Plc.

  • Beyond Biopharma Co. Ltd

  • Weishardt Holding SA

  • Titan Biotech

  • Ashland

  • Rousselot

Marine Hydrolyzed Collagen Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 947.7 million

Revenue forecast in 2028

USD 1,703.8 million

Growth rate

CAGR of 8.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in tons, revenue in USD million/billion, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; UAE

Key companies profiled

Ashland; Collagen Solution Plc; Croda International Plc; Gelita AG; Beyond Biophrama Co., Ltd; Rousselot; Weishardt Holding SA; Titan Biotech

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global marine hydrolyzed collagen market report on the basis of application and region:

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

    • Cosmetics & Personal Care

    • Food & Beverages

    • Healthcare

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million; 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Australia

    • South America

      • Brazil

    • Middle East & Africa

      • UAE

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