Asia Pacific is Projected to Account for the Largest Share in Marine Collagen Market

Posted on 2021-05-18 by MarketsandMarkets in Healthcare, Pharmaceuticals // 0 Comments

The Marine collagen Market size is estimated to be valued at USD 778 million in 2021 and projected to reach USD 1,137 million by 2026, recording a CAGR of 7.9% during the forecast period. The growth of this market can be attributed to the rising disposable income of consumers, which allows them to spend more on cosmetic and nutraceutical products. The demand for marine collagen is augmented by the ongoing health and wellness trends flooding the internet and social media, which has led to an escalated demand for nutraceutical supplements and cosmetic products among consumers.

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The market in the developing regions is well-positioned for strong growth in the coming years. Regions witnessing steadfast economic development such as the Asia Pacific, are presenting promising prospects for the growth and expansion of the marine collagen market. Manufacturers across the globe are investing in prospective areas and hightailing the manufacturing extent of marine collagen in order to meet the rising demand worldwide.

Asia Pacific is projected to account for the largest market during the forecast period

Asia Pacific is projected to dominate the market during the forecast period. This dominance is attributable to the rising millennial population in Asian countries, the increasing supplementary income, surging internet penetration which has led to awareness regarding beauty and wellness trends, and high demand of cosmetic and nutraceutical products in countries like China and Japan. These are some of the major factors driving the growth of the marine collagen market.

The market is rapidly growing in Asian countries such as China and Japan owing to increased consumption of cosmetic products and nutraceutical supplements.

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Leading companies are Ashland (US), Darling Ingredients (US), Nitta Gelatin (US), Gelita (Germany), Italgelatine (Italy), Nippi Collagen (Canada), Weishardt (France), Titan Biotech Limited (India), Amicogen (South Korea), Seagarden (Norway), Lapi Gelatine (Italy), Tai Ai Peptide Group (China), Hangzhou Nutrition Biotechnology (China), ETChem (China), BHN (Japan), Certified Nutraceuticals (US), Jellagen (UK), NutraChoice (Malaysia), Ningbo Nutrition Food Technology (China), Ming Chyi Biotechnology (Taiwan).

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