Fish Collagen Market by Source (Skin, Scales, Muscles, Bones & Tendons, and Other sources), Type (Type I, Type II, and Other Types), Applications (Nutraceuticals, Cosmetics, Medical, and Other Applications) and Region - Global Forecast to 2027
According to MarketsandMarkets, the global fish collagen market is estimated to be valued at USD 882.6 million in 2022 and is projected to reach USD 1,290.8 million by 2027. The market is expected to grow with a CAGR of 7.9%, in terms of value between 2022 and 2027. The market is majorly driven by factors such as the growing millennial population, rising disposable income, and increasing applications of fish collagen in multiple end-use industries.
Fish Collagen Market Dynamics
Drivers: Growing demand for fish collagen in the cosmetic industry
Fish collagen offers various benefits such as fighting the formation of wrinkles, maintaining the structure and strength of hair, and accelerating the skin renewal process. All these factors make it a favourable ingredient in the cosmetic industry. This is expected to drive the consumption and demand for fish collagen in the forecasted period.
Restraints: High import duty on collagen products
High duty is imposed on the import of collagen products. This makes collagen products more expensive, which cannot be afforded in a competitive market. This factor is ultimately hindering the growth of the fish collagen market.
Opportunities: Rising number is end-use applications
The multifunctional properties offered by fish collagen make it very beneficial for a number of end-use applications. Fish collagen is being incorporated in industries such as medical, nutraceutical, and cosmetics, hence creating lucrative growth opportunities. It is a natural biomaterial with astringent and wound-healing properties. Thus, it has manifold applications in the nutraceutical, medical, and cosmetic industries.
Challenges: High manufacturing cost of fish collagen compared to other collagen sources
Although the overall manufacturing process of fish collagen is cost-effective but is expensive compared to the extraction of bovine and porcine collagen. The low cost of collagen extraction from other sources than fish certainly poses a major challenge in the growth of the fish collagen market.
By type, the type I segment is expected to dominate the global fish collagen market
Type I Fish collagen offers various health benefits and hence it is increasingly being used as a nutraceutical ingredient. Health benefits offered by type I fish collagen include bone growth promotion, nail and hair maintenance, and joint treatment. This is expected to drive the demand for fish collagen in the forecasted period.
By application, the cosmetics segment is likely to grow in the forecasted period
Fish collagen-based formulations are emerging as promising solutions for the cosmetic and personal care industry. Some of the characteristics of fish collagen driving its demand in the cosmetic industry include improving skin comfort, nourishing the epidermis, and increasing skin elasticity.
Asia Pacific region is expected to dominate the global fish collagen market. The dominance will be maintained in the forecasted period as well owing to the fishing industry and rich marine diversity in the region.
Key Market Players:
Key players in this market include Ashland (US), Darling Ingredients (US), Nitta Gelatin (US), Gelita (Germany), Nippi Collagen (Canada), Weishardt (France), Titan Biotech Limited (India), and Amicogen (South Korea).
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 VOLUME UNITS CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION - METHOD 1
2.2.2 MARKET SIZE ESTIMATION - METHOD 2
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6.3 TECHNOLOGY ANALYSIS
6.4 PRICING ANALYSIS
6.5 ECOSYSTEM/ MARKET MAP
6.6 TRENDS/ DISRUPTION IMPACTING THE CUSTOMER’S BUSINESS
6.7 PATENT ANALYSIS
6.8 TRADE ANALYSIS
6.9 KEY CONFERENCES AND EVENTS IN 2022-2023
6.10 TARIFF AND REGULATORY LANDSCAPE
6.11 PORTER’S FIVE FORCES ANALYSIS
6.12 KEY STAKEHOLDERS & BUYING CRITERIA
6.13 CASE STUDY ANALYSIS
7 FISH COLLAGEN MARKET, BY SOURCE
7.1 INTRODUCTION
7.2 SKIN
7.3 SCALES
7.4 MUSCLES
7.5 BONES & TENDONS
7.6 OTHER SOURCES
8 FISH COLLAGEN MARKET, BY TYPE
8.1 INTRODUCTION
8.2 TYPE I
8.3 TYPE II
8.4 OTHER TYPES
9 FISH COLLAGEN MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 NUTRACEUTICALS
9.3 COSMETIC
9.4 MEDICAL
9.5 OTHER APPLICATIONS
10 FISH COLLAGEN MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 UK
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 INDIA
10.4.3 JAPAN
10.4.4 AUSTRALIA & NEW ZEALAND
10.4.5 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 REST OF THE WORLD
10.6.1 AFRICA
10.6.2 MIDDLE EAST
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET SHARE ANALYSIS*
11.3 KEY PLAYERS STRATEGIES
11.4 COMPANY REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPETITIVE BENCHMARKING
11.6 PRODUCT FOOTPRINTS
11.7 STARTUP/SME EVALUATION QUADRANT
11.7.1 PROGRESSIVE COMPANIES
11.7.2 STARTING BLOCKS
11.7.3 RESPONSIVE COMPANIES
11.7.4 DYNAMIC COMPANIES
11.8 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
11.8.1 NEW PRODUCT LAUNCHES
11.8.2 DEALS
11.8.3 OTHER DEVELOPMENTS
11.8.4 PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES
12 COMPANY PROFILES
12.1 ASHLAND
12.2 DARLING INGREDIENTS
12.3 NITTA GELATIN
12.4 GELITA
12.5 NIPPI COLLAGEN
12.6 WEISHARDT
12.7 TITAN BIOTECH LIMITED
12.8 AMICOGEN
12.9 LAPI GELATINE
12.10 SEAGARDEN
Note: Currently, list of only 10 companies have been provided. However, this section covers 12-15 key company profiles which include business overview, recent financials, product offerings, key strategies, and swot analysis. recent financials can be provided based on data/information availability in public domain. The list of companies mentioned above can be altered depending upon client’s interest
13 APPENDIX
Note: The TOC prepared above is tentative and may subject to change, based on the research progress
Growth opportunities and latent adjacency in Fish Collagen Market