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Market Research Report

Marine Collagen Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Published by IndustryARC Product code 928690
Published Content info 109 Pages
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Marine Collagen Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024
Published: March 11, 2020 Content info: 109 Pages
Description

The Marine Collagen Market is estimated to reach $983.84m by 2024, post growing at a CAGR of 7.4% during the forecast period 2019-2024. The growth of the marine collagen market is attributed to increasing use of collagen in the food and beverage industry. Moreover, growth in the cosmetics industry and the potential benefits of marine collagen to skin health is establishing new opportunities for market growth.

Report Coverage

The report, "Marine Collagen Market - Forecast (2019-2024)" by IndustryARC, provides an in-depth analysis of the following segments of the marine collagen market.

Key Takeaways

The marine collagen market has been analyzed to be fragmented with key players accounting for around 38.01% of the market share. Major players in the marine collagen market are Amicogen, Inc., Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, and Darling Ingredients Inc.

The major driving factor for the marine collagen market growth is increasing demand for health supplements and protein consumption; and growing demand for cosmetic personal care products.

The Type I segment will register the highest growth, owing to its advantages in medical applications.

The Asia Pacific region is poised to contribute the largest share, accounting for 32.33% of the overall marine collagen market, owing to demand from health and drinks industry and the growing Chinese cosmetics industry.

By Type - Segment Analysis

In terms of type, the Type I sub-segment is dominating the market and is estimated to grow at a CAGR of 7.8% during the forecast period. Type I is a fibrillar type and finest investigated collagen. Since the use of Type I can encourage osteogenic distinction and mineralization of stromal marrow cells and human adipose stem cells, it is used in multiple medical products such as Collapat II, Healos, Collagraft, and Biostite. Hence, the increasing usage of Type I in various medical applications has encouraged companies to offer customized Type I solutions.

Application - Segment Analysis

Cosmetics is the largest application segment for the marine collagen market globally. The market for cosmetics was valued at $262.06m in 2018 and is projected to grow at a CAGR of 7% during the forecast period. Marine collagen is being increasingly adopted by the cosmetics industry for various anti-aging and anti-wrinkle products. In contrast to animal collagen, marine collagen does not cause irritation as it is free of pathogens, a factor that is strongly increasing the use of marine collagen in cosmetics. The ability of collagen to retain water is also one of the major factors leading to its increasing adoption by the cosmetic industry.

Geography - Segment Analysis

The Asia Pacific region held the largest market share of the marine collagen market in 2018. Increasing demand for health drinks and supplements is one of the most prominent factors supporting the market growth in this region. Moreover, the Chinese cosmetics industry is one of the most promising industries, owing to expansion of the men's cosmetics segment, combined with consumers' spending habits and availability of retail platforms in the region. Due to its characteristics, marine collagen is one of the key ingredients used in cosmetics for wrinkle reduction. Additionally, the favorable government regulations for collagen will support growth of the marine collagen market in countries such as Australia and New Zealand.

Drivers - Marine Collagen Market

  • Increasing demand for health supplements & high protein consumption:

Consumption of marine collagen-derived supplements can decrease the risk of bone illnesses such as osteoporosis. It helps in increasing bone mineral density (BMD) and reduces the risk factors relating to heart conditions such as atherosclerosis. Hence, growing consumer awareness relating to marine collagen's health benefits has resulted in high demand for marine collagen based supplements with high protein. Due to various applications of marine collagen, the market is witnessing significant growth.

  • Demand in the Cosmetics Industry :

Marine collagen-based formulations are emerging as promising solutions for the Personal Care industry that constantly seeks innovative, sustainable and effective products. The ability to increase skin comfort; epidermis nutrition; enhance skin elasticity; skin and hair conditioning and filmogen; and neutralize the side effects of surfactants are some features of marine collagen that drive market growth.

Challenges - Marine Collagen Market

  • Increased prices of raw materials

High prices of raw materials and associated processing costs during marine-based collagen formulation is the major constraint hindering market growth. Additionally, supply shortages and increased prices of raw materials are significant problems for manufacturers of beauty and health supplements, in line with increasing demand for marine collagen worldwide.

  • Various denaturation temperatures

The temperature of marine collagen is lower than that of mammalian collagen, calf collagen and porcine collagen. Due to differences in denaturation temperature, it is difficult to extract collagen from marine. Thus, the denaturation temperature is another factor that hampers processing of marine collagen products.

Market Landscape

Acquisitions and product launches are some major strategies being adopted by key players in the Marine Collagen Market. Companies are trying to create their own mark in the market by adopting new technologies at a rapid rate. As a result, the number of product launches are increasing every year. In 2018, the key companies in the Marine Collagen Market accounted for 38.01% of the market share. The major players in the market include Amicogen, Inc., Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, and Gelita AG, among others.

Partnerships/Mergers/Acquisitions/Product Launches

In February 2019, Gelita AG launched the Bioactive collagen peptide brand which offers specific and optimized collagen peptides that strengthen the tendons and ligaments.

In February 2017, Vinh Hoan Corporation acquired 100% shares in fellow processor Thanh Binh Dong Thap Fisheries for VND 360 billion ($15.61m).

R&D Investments/Funding

Marine Biotechnologies, the first commercial manufacturer of jellyfish collagen for cell culture and medical applications such as wound care and regenerative medicine, has attracted funding from Newable Private Investing, Development Bank of Wales and angel investors amounting to $5.3m (£3.8m).

Marine Collagen Market Research Scope:

The base year of the study is 2018, with forecast done up to 2024. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Marine Collagen market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of sources from which collagen is extracted; and applications of marine collagen.

Table of Contents
Product Code: FBR 89954

1. Marine Collagen Market - Overview

  • 1.1 Definitions and Scope

2. Marine Collagen Market - Executive summary

  • 2.1 Market Revenue, Market Size and Key Trends by Company
  • 2.2 Key Trends by type of Application
  • 2.3 Key Trends segmented by Geography

3. Marine Collagen Market

  • 3.1 Comparative analysis
    • 3.1.1 Product Benchmarking - Top 10 companies
    • 3.1.2 Top 5 Financials Analysis
    • 3.1.3 Market Value split by Top 10 companies
    • 3.1.4 Patent Analysis - Top 10 companies
    • 3.1.5 Pricing Analysis

4. Marine Collagen Market Forces

  • 4.1 Drivers
  • 4.2 Constraints
  • 4.3 Challenges
  • 4.4 Porters five force model
    • 4.4.1 Bargaining power of suppliers
    • 4.4.2 Bargaining powers of customers
    • 4.4.3 Threat of new entrants
    • 4.4.4 Rivalry among existing players
    • 4.4.5 Threat of substitutes

5. Marine Collagen Market -Strategic analysis

  • 5.1 Value chain analysis
  • 5.2 Opportunities analysis
  • 5.3 Product life cycle
  • 5.4 Suppliers and distributors Market Share

6. Marine Collagen Market - By Type (Market Size -$Million / $Billion)

  • 6.1 Market Size and Market Share Analysis
  • 6.2 Application Revenue and Trend Research
  • 6.3 Segment Analysis
    • 6.3.1 Type I
    • 6.3.2 Type III
    • 6.3.3 Others

7. Marine Collagen Market - By Source (Market Size -$Million / $Billion)

  • 7.1 Skin, Scales, and Muscles
  • 7.2 Bones & Tendons
  • 7.3 Others

8. Marine Collagen - By Animal (Market Size -$Million / $Billion)

  • 8.1 Fish
  • 8.2 Others

9. Marine Collagen - By Application (Market Size -$Million / $Billion)

  • 9.1 Segment type Size and Market Share Analysis
  • 9.2 Application Revenue and Trends by type of Application
  • 9.3 Application Segment Analysis by Type
    • 9.3.1 Nutraceuticals
    • 9.3.2 Cosmetics
    • 9.3.3 Medical
    • 9.3.4 Others

10. Marine Collagen- By Geography (Market Size -$Million / $Billion)

  • 10.1 Marine Collagen Market - North America Segment Research
  • 10.2 North America Market Research (Million / $Billion)
    • 10.2.1 Segment type Size and Market Size Analysis
    • 10.2.2 Revenue and Trends
    • 10.2.3 Application Revenue and Trends by type of Application
    • 10.2.4 Company Revenue and Product Analysis
    • 10.2.5 North America Product type and Application Market Size
      • 10.2.5.1 U.S
      • 10.2.5.2 Canada
      • 10.2.5.3 Mexico
      • 10.2.5.4 Rest of North America
  • 10.3 Marine Collagen- South America Segment Research
  • 10.4 South America Market Research (Market Size -$Million / $Billion)
    • 10.4.1 Segment type Size and Market Size Analysis
    • 10.4.2 Revenue and Trends
    • 10.4.3 Application Revenue and Trends by type of Application
    • 10.4.4 Company Revenue and Product Analysis
    • 10.4.5 South America Product type and Application Market Size
      • 10.4.5.1 Brazil
      • 10.4.5.2 Venezuela
      • 10.4.5.3 Argentina
      • 10.4.5.4 Ecuador
      • 10.4.5.5 Peru
      • 10.4.5.6 Colombia
      • 10.4.5.7 Costa Rica
      • 10.4.5.8 Rest of South America
  • 10.5 Marine Collagen- Europe Segment Research
  • 10.6 Europe Market Research (Market Size -$Million / $Billion)
    • 10.6.1 Segment type Size and Market Size Analysis
    • 10.6.2 Revenue and Trends
    • 10.6.3 Application Revenue and Trends by type of Application
    • 10.6.4 Company Revenue and Product Analysis
    • 10.6.5 Europe Segment Product type and Application Market Size
      • 10.6.5.1 U.K
      • 10.6.5.2 Germany
      • 10.6.5.3 Italy
      • 10.6.5.4 France
      • 10.6.5.5 Netherlands
      • 10.6.5.6 Belgium
      • 10.6.5.7 Denmark
      • 10.6.5.8 Spain
      • 10.6.5.9 Rest of Europe
  • 10.7 Marine Collagen - APAC Segment Research
  • 10.8 APAC Market Research (Market Size -$Million / $Billion)
    • 10.8.1 Segment type Size and Market Size Analysis
    • 10.8.2 Revenue and Trends
    • 10.8.3 Application Revenue and Trends by type of Application
    • 10.8.4 Company Revenue and Product Analysis
    • 10.8.5 APAC Segment - Product type and Application Market Size
      • 10.8.5.1 China
      • 10.8.5.2 Australia
      • 10.8.5.3 Japan
      • 10.8.5.4 South Korea
      • 10.8.5.5 India
      • 10.8.5.6 Taiwan
      • 10.8.5.7 Malaysia
      • 10.8.5.8 Hong kong
      • 10.8.5.9 Rest of APAC
  • 10.9 Marine Collagen - Middle East Segment and Africa Segment Research
  • 10.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
    • 10.10.1 Segment type Size and Market Size Analysis
    • 10.10.2 Revenue and Trend Analysis
    • 10.10.3 Application Revenue and Trends by type of Application
    • 10.10.4 Company Revenue and Product Analysis
    • 10.10.5 Middle East Segment Product type and Application Market Size
      • 10.10.5.1 Israel
      • 10.10.5.2 Saudi Arabia
      • 10.10.5.3 UAE
    • 10.10.6 Africa Segment Analysis
      • 10.10.6.1 South Africa
      • 10.10.6.2 Rest of Middle East & Africa

11. Marine Collagen Market - Entropy

  • 11.1 New product launches
  • 11.2 M&A s, collaborations, JVs and partnerships

12. Marine Collagen Market Company Analysis

  • 12.1 Market Share, Company Revenue, Products, M&A, Developments
  • 12.2 Amicogen
  • 12.3 Ashland
  • 12.4 BHN
  • 12.5 Connoils
  • 12.6 Darling Ingredients
  • 12.7 Gelita
  • 12.8 Intalgelatine
  • 12.9 Nippi Incorporated
  • 12.10 Nitta Gelatin
  • 12.11 Seagarden
  • 12.12 Taiaitai
  • 12.13 Vital Proteins
  • 12.14 Weishardt Group
  • 12.16 Company 16
  • 12.16 Company 16 & More

Financials would be provided on a best efforts basis for private companies

13. Marine Collagen Market - Appendix

  • 13.1 Abbreviations
  • 13.2 Sources

14. Marine Collagen Market - Methodology

  • 14.1 Research Methodology
    • 14.1.1 Company Expert Interviews
    • 14.1.2 Industry Databases
    • 14.1.3 Associations
    • 14.1.4 Company News
    • 14.1.5 Company Annual Reports
    • 14.1.6 Application Trends
    • 14.1.7 New Products and Product database
    • 14.1.8 Company Transcripts
    • 14.1.9 R&D Trends
    • 14.1.10 Key Opinion Leaders Interviews
    • 14.1.11 Supply and Demand Trends
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