PUNE, India, April 17, 2018 /PRNewswire/ --
The report "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", published by MarketsandMarkets™, the 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%.
Browse 83 market data Tables and 58 Figures spread through 159 Pages and in-depth TOC on "Marine Collagen Market"
Early buyers will receive 10% customization on this report
The market is driven by factors such as increasing protein consumption, inclination toward personal care & health supplements, and increase in R&D activities. Moreover, the rising prevalence of health-related problems is a key factor driving the market for marine collagen in the medical & pharmaceutical industry. An increase in the consumption of processed and health-based food products has been driving the Marine Collagen Market growth. Additionally, the demand for processed food products in developing regions is driven by the increase in disposable income.
In terms of type, the type I segment is expected to lead the Marine Collagen Market from 2018 to 2023
The type I segment dominated the market, by type, and is projected to grow at the highest CAGR from 2018 to 2023. Type I collagen is characterized by its capability of healing wounds and acts as a foundation for strong connecting tissue. Apart from the medical benefits, Type I marine collagen also finds applications in cosmetics as it helps in preventing any signs of skin aging.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=155534506
The skin, scales, and muscles segment is projected to grow at the highest CAGR, by source, from 2018 to 2023
Skin, scales, and muscles are majorly used for the extraction of marine collagen across the globe as they are rich sources of proteins. Fish collagen derived from scales helps in wound healing as it plays a key role in tissue building. Due to its various advantages, manufacturers are switching to these sources for the extraction of marine collagen.
The nutraceuticals segment projected to grow at the highest CAGR, by application, from 2018 to 2023
Nutraceuticals are taken as health supplements for increasing immunity, bone health, personal care, and other benefits. Consumers are getting increasingly aware of the health benefits related to marine collagen. One of the key drivers for the growing use of marine collagen in nutraceuticals is the inclination of end consumers toward sports nutrition and weight management.
Asia Pacific is projected to be the fastest-growing region during the forecast period
Manufacturers use marine collagen for various beauty and health supplements in the Asia Pacific due to abundant availability of raw materials and religious beliefs toward porcine and bovine collagen. The region's improved lifestyle over the past decade and the need for dietary & therapeutic food followed by advancements in the food & beverage industry have presented opportunities in terms of new applications and usage of marine collagen.
An increase in the demand for food & dietary supplements, increased usage of marine collagen in health supplements, and growth of the functional foods industry are the major factors driving the growth of the Asian Marine Collagen Market for application in nutraceuticals.
This report includes a study of business strategies, along with the product portfolios of leading companies. More than 9 developments were tracked for the 13 companies in the Marine Collagen Market. It includes the profiles of leading companies such as Ashland (US), Darling Ingredients (US), Nitta Gelatin (Japan), Gelita (Germany), Weishardt Group (France), Amicogen, (South Korea), Nippi, Incorporated (Japan), Seagarden (Norway), ChinaPeptide (China), Vital Proteins (US), Connoils (US), BHN (Japan), Taiaitai (China), and ITALGELATINE (Italy).
Know more about the Marine Collagen Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets