Marine Collagen Market Size, Share & Industry Analysis, By Category (Fish, Algae, and Others), By Source (Bones & Tendons, Skin, and Others), By Form (Powder and Liquid), By Application (Functional Food & Beverages, Dietary Supplements, Cosmetics, and Others), and Regional Forecast, 2024-2032

The global marine collagen market size was valued at USD 1,080.4 million in 2023 and is projected to grow from USD 1,167.3 million in 2024 to USD 2,316.2 million by 2032, exhibiting a CAGR of 8.94% during the forecast period. Asia Pacific dominated the marine collagen market with a market share of 40.85% in 2023. Moreover, the marine collagen market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 473.40 million by 2032, driven by the growing concern over health and environmental sustainability has pushed the demand for value-added and sustainably sourced fish.

Marine collagen is extracted from fish and other marine organisms and is the most bioavailable source of collagen in the market. Consuming type 1 marine collagen, which is found in bones, tendons, skin, ligaments, hair, teeth, and nails, can make the skin look firmer and smoother, boosting skin elasticity. Therefore, owing to these benefits, the demand for marine collagen from various industries, such as cosmetics, supplements, and others is increasing considerably.

Marine collagen-infused functional foods, skin care products, and dietary supplements are gradually being recognized for their role in food security and nutrition. They not only act as major protein sources, but also as a provider  of omega-3 essential fatty acids and bioavailable micronutrients. Prioritizing and integrating fisheries and aquaculture by-products in various industries should play a vital role in the marine collage market by developing new products for the consumer. Therefore, it creates opportunities for manufacturers in different industries to invest in research and development, and make a product according to consumer needs.

The market mainly depends on the seafood industry as most of it is prepared as a by-product of marine organisms caught during fishing. For more than two years, the seafood and marine supply chain was forced to adjust and adapt to the unprecedented conditions of the COVID-19 pandemic. In the diverse landscape that makes up this market, fishermen, collagen industries, communities, and governments had developed a range of strategies, innovations, and coping mechanisms to ensure business survival.

Although there was a decline in the growth of the seafood market, protein consumption increased since the COVID-19 pandemic due to the need to keep the body strong and immune to various diseases. Even though the consumer shift toward dietary proteins and functional food consumption was already taking place in the industry, the pandemic accelerated this trend. Consumers concerned about getting infected by COVID-19 consumed more dietary protein products than ever before. This can be attributed to consumers showing more preference for products produced specially for health, wellness, and sustainability.

Marine Collagen Market Trends

Sustainable Marine Collagen-based Products to Emerge As Major Market Trend

The rising trend of companies adopting vertical integration strategy to ensure sustainability is maintained in every step of product development and distribution, from fishing to processing and logistics. This factor is predicted to positively influence the marine collagen market growth. Developing and incorporating technologies that can bring more transparency to fish-catching methods can propel the demand for fish collagen products among environment-conscious consumers who prefer sustainable and eco-friendly products. Obtaining accreditation and eco-labels for products from reputed councils and organizations that set standards for sustainable fishing, such as the Marine Stewardship Council (MSC), can be a vital marketing strategy for industry players who want to remain prominent in the global market at present and in the future. Moreover, a considerable percentage of the global population is becoming increasingly determined to save oceans and hence, is switching to seafood sourced only by using sustainable methods, such as pole and line fishing. To respond to these evolving consumer demands, companies can reform their supply chain and bring more transparency to their product labeling.

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Marine Collagen Market Growth Factors

Rising Demand for Marine Collagen in Cosmetics Industry to Drive Market Growth

Collagen is one of the primary components in many cosmetic formulations as it is a natural humectant and moisturizer. The cosmetics industry continuously seeks innovative and effective ingredients to make products more appealing to customers. The manufacturers try to make innovative products to respond to customers’ demand for more natural ingredients. For instance, in January 2019, ActivLayr, a New Zealand-based company, produced marine type of collagen using nanofiber technology and electrospinning.

The companies operating in the market are launching products offering additional benefits to customers. For example, Cobiso manufactures hydro-marine collagen for the skin. It is rich in amino acids and specific polypeptides and recommended for cosmetic preparations designed for skin care, products for baths & showers, and hair treatments. It has several benefits, such as strengthening cutaneous elasticity, improving skin comfort, and making the surface of the skin and hair softer and smoother. Hence, the demand for this collagen has increased in the cosmetics industry.

Increasing Demand for Collagen Products from Nutraceuticals Industry to Boost Market Growth

The changing lifestyle patterns and increasing urbanization have caused a major shift in consumers' dietary patterns and food choices. Over the last few years, consumers have become more inclined toward healthy and nutritious food options, driving the demand for fish collagen products from the nutraceuticals industry. Consumers are choosing dietary supplements containing natural and beneficial ingredients, which will increase the use of marine collagen in the nutraceuticals industry.

The diversity of organisms in the marine ecosystem presents a reservoir of a wide variety of natural compounds, and every year, plenty of novel marine molecules and their biological potential are identified. Identification of new elements and their clinical trials proving the beneficial values of organisms allow their use in functional foods, nutraceuticals, therapeutic agents, and pharmaceuticals. In November 2022, PB Leiner's joint venture with Hainan Xiangtai Group was announced to bring fish collagen peptides to the global market. The motive behind the collaboration was to expand PB Leiner's Solugel collagen peptides portfolio. Marine collagen peptide is an active health-promoting ingredient offering anti-aging properties and supporting bone & joint health.

RESTRAINING FACTORS

High Cost of Marine Collagen-based Products to Restrain Market Growth

Production of collagen-based products requires technological advancements and intense R&D activities, such as fabricating collagen scaffolds for tissue engineering and using nanomaterials for drug delivery by utilizing marine collagen as a key ingredient. Its biocompatibility, abundance, and biodegradability are the reasons for its diverse use in clinical applications. Therefore, the use of high-end technologies in its production increases the price of the final product to some extent, restraining the market growth. Tariff escalation happens when there are higher import duties on semi-processed products than raw materials and much higher duties on finished products. Marine collagen products have high import duties.

Regions such as the Asia Pacific, South America, and the Middle East & Africa have many developing countries in which the majority of the population is either in middle-income or lower-income groups. Affording high-priced products is a challenge for such income groups and this factor acts as a major challenge for the manufacturers to compete in the consumer price levels and capture the consumer base.

In developed regions such as North America and Europe, imports of marine collagen significantly increase the price of the final products, which also acts as a major threat to manufacturers' ability to grow their businesses. As the technology involved in the procuring and processing of marine collagen is costlier, the end-product prices resultantly increase, hampering the growth of the market.

Marine Collagen Market Segmentation Analysis

By Category Analysis

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Fish-based Collagen to Gain Momentum Due to Its Nutritional Benefits

Based on category, the global market is segmented into fish, algae, and others. The fish segment holds the single largest market share and the demand for marine collagen sourced from fish is rising, and fish collagen-based supplements are high in protein, vitamins, and minerals. This type of collagen contains amino acids, including proline, glycine, and glutamine, that help strengthen and rebuild the delicate lining of the digestive tract. Moreover, fish collagen helps decrease wrinkles and the appearance of cellulite in the skin. Collagen manufacturers in the market are collaborating with fish collagen manufacturing companies to increase their presence and expand their product portfolios. In December 2022, the Thai Union invested in the U.K.-based collagen medical biotech startup Jellagen. Investing in Jellagen opened doors for the Thai Union to explore areas of sourcing and processing marine by-products jointly.

Demand for algae-based collagen is expected to rise steadily in the coming years due to its nutritional benefits. Algae contains the three vital nutrients needed for collagen production and all the essential amino acids that make it a complete protein used to make collagen.

By Source Analysis

Bones and Tendons to Become Popular Sources Owing to High Collagen Concentration

Based on source, the global market is segmented into bones & tendons, skin, and others. The bones & tendons segment held the largest market share. In fish, the weight of bones and tendons is higher than that of the other parts, so the collagen in bones and tendons is high, almost above 50 to 60% of the total collagen content in the fish. Therefore, the extraction of collagen is mainly from bones and tendons.

Fish skin has complex structural proteins that maintain the flexibility and strength of the skin, ligaments, bones, joints, muscles, tendons, gums, eyes, blood vessels, nails, and hair. Therefore, using fish skin waste as a source of collagen can make it a great alternative collagen source.

Type 1 collagen derived from fish is in more demand than the other type and sourced from bones and tendons, and is amply found in the scales and skin of various fresh and saltwater fish,.

By Form Analysis

Demand for Marine Collagen Powder to Rise Due to Its Strong Demand in Various End-Use Industries

Based on form, the market is segmented into powder and liquid. The powder form holds a major market share due to the robust demand for manufacturer-made powder-based marine collagen products in dietary supplements, skin care, and other products. Moreover, the powder form is the most popular type of collagen among consumers.

Powder collagen supplements help strengthen bones, hair, nails, and joints. They also help address gut and digestion issues. Due to these benefits, their demand is expected to increase in the coming years.

By Application Analysis

Product Use to Rise in Dietary Supplements Owing to Its Rich Protein Content

Based on application, the market is segmented into dietary supplements, functional food & beverages, cosmetics, and others. The dietary supplements segment holds the largest market share. Collagen is now being incorporated as a dietary supplement and marketed for its anti-aging and health-promoting benefits.

REGIONAL ANALYSIS

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Asia Pacific marine collagen market share is expected to record the highest growth rate and witness rapid expansion in the global market. This is because manufacturers across the globe are investing heavily in countries, such as Singapore, China, Japan, India, and Australia to meet the rising global demand for marine collagen. The region is one of the largest producers of marine collagen and is witnessing robust demand for beauty products and health supplements, leading to faster revenue growth for collagen manufacturers.

In January 2022, Firefly Pan-Asia, a Singapore-based company, launched a bio-optimized marine collagen, targeting medical aesthetic and general practitioner clinics as its distribution channels. The new product claims to help reduce wrinkles, increase skin firmness, and boost skin radiance.

The market in North America is mainly analyzed across three major countries: the U.S., Canada, and Mexico. These countries constitute a significant share of the region’s overall economic and industrial growth and are the largest markets for collagen products. In North America, the growing concern over health and environmental sustainability has pushed the demand for value-added and sustainably sourced fish. There has been a significant increase in consumers who prefer to buy Marine Stewardship Council (MSC)-certified seafood by-products over non-certified ones. To deal with this emerging demand, manufacturers and suppliers across the region are focusing on improving the catching methods used for fishing, obtaining certification from reputed marine product regulatory authorities, and bringing more transparency in product labeling.

Europe is a growing region in the global market due to huge imports from countries that are leading marine resource-providers, such as Indonesia, the Philippines, Mauritius, and the rest of Europe. In Europe, consumers have a high per capita spending on collagen products owing to increased awareness about the consumption and benefits of these products among consumers.

South American consumers' consumption patterns have evolved considerably over the past few years. The growing demand for fish collagen-based products is primarily attributed to the rising popularity of good quality and healthy sources of protein, consuming functional superfoods, and purchasing quality cosmetic products. The modern lifestyle of consumers has remarkably increased the demand for nutritional products in Brazil and Argentina. The growing trend of natural nutrition and high-protein diet has significantly influenced the market in the region. Manufacturers and processors are focused on introducing new products and investing in South America-based companies to increase their regional presence.

The rising popularity of cosmetic products and increasing disposable income are driving the market in the Middle East & Africa due to the awareness of its nutritional benefits among consumers. The increasing popularity of premium products in developing markets of the Middle East has remarkably contributed to the increased demand for collagen-based products in the region. These products are gaining a mainstream position as a premium product in the regional market.

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List of Key Companies in Marine Collagen Market

Increasing Focus of Market Players On Developing Innovative Products Will Strengthen their Market Position

The global market is fragmented in terms of the competitive landscape due to the presence of several companies in various local and international markets. The major players in the market hold significant shares owing to their strong supply chain and distribution networks. They are focusing on developing innovative products that will cater to the demand for collagen from various industries, such as food & beverage, cosmetics, and pharmaceuticals. For example, in June 2023, Z Natural Foods, a provider of premium quality natural foods in powder form, announced the launch of its newest product ‘hydrolyzed marine collagen.’ The human body absorbs this marine collagen powder easily and works to replenish and restore the skin's natural collagen levels.

List of Key Companies Profiled

• Ashland Inc. (U.S.)


• Certified Nutraceuticals Inc. (U.S.)


• COBIOSA (Spain)


• ETChem (China)


• Hangzhou Nutrition Biotechnology Co., Ltd. (China)


• HUM Nutrition Inc. (U.S.)


• Nitta Gelatin Inc. (U.S.)


• Norland Products Inc. (U.S.)


• Rousselot (U.S.)


• Vital Proteins LLC (U.S.)

KEY INDUSTRY DEVELOPMENTS

• June 2023: Z Natural Foods launched its newest collagen product, “Hydrolyzed Marine Collagen Peptides.” The newly launched product is gluten-free, non-GMO with no artificial additives, making it suitable for a wide range of dietary preferences.


• December 2022: In India, Hindustan Unilever, Ltd. bought a 19.8% stake in “Nutritionlab” in December 2022. Nutritionlab makes slow-release capsules, marine collagen powder, and oral thin strips. This majority stake is expected to strengthen HUL’s expansion in new industries.


• June 2021: BDF Natural Ingredients SL launched BDF Naturlagen. BDF Naturlagen is a hydrolyzed collagen powder made from the skins of wild, deep-sea ocean fish, such as haddock, cod, and pollock.


• August 2020:  c launched a ready-to-drink collagen product in skin care due to the rising demand for beauty from within products. The RTD collagen hydrate product contains 100% pure peptide collagen powder obtained from porcine and water which is sourced locally from Hawke’s Bay.


• March 2020: Prinova Europe partnered with Hofseth BioCare (HBC) to distribute its marine nutrition products in the EU. HBC uses its own hydrolysis technology to sustainably extract nutrients from fish, turning offcuts into high-value nutrition products with minimal waste.

REPORT COVERAGE

An Infographic Representation of Marine Collagen Market

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The market research report provides detailed market analysis and focuses on key aspects, such as key players in market, competitive landscape, top categories, forms, sources, and applications. Besides this, it offers key insights into the latest marine collagen market trends and highlights key industry developments. In addition to the abovementioned factors, the report encompasses several factors that have contributed to the market's growth in recent years.

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Report Scope & Segmentation