December 07, 2020
According to the recent research report titled ‘Fish Collagen Peptides Market By Source, By Application, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global fish collagen peptides market is projected to record substantial gains during 2020-2026.
As per the report findings, growing consumption of protein supplements, along with increasing demand from pharmaceutical sector as well as cosmetics industry are primarily driving global fish collagen peptides market growth.
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For those uninitiated, marine or fish collagen, is a high-quality collagen derived from animals. Fish collagen is mostly comprised of Type I collagen, which makes up 70% of human skin, except for cartilaginous tissues, making fish collagen vital for the maintaining skin health.
This collagen type provides several benefits including reversing aging process, enhancing skin hydration and firmness, as well as reducing cellulite and wrinkles. Moreover, collagen is a protein that not only repairs, but also builds and makes up 90% of total organic matrix of the human bone. Fish collagen promotes bone strength by facilitating the absorption process of essential minerals. Hence, growing awareness of these health benefits will positively impact global fish collagen peptides industry outlook. On the downside, availability of substitute products is likely to restrain the industry expansion in the upcoming years.
Speaking of source type, fins segment currently accounts for 6.5% share of global fish collagen peptides market and is expected to record a decent growth over the analysis period, on account of surging usage of fish fins as potential source of raw material.
Based on application segment, functional food segment is predicted to record a CAGR of 4% through 2026. Meanwhile, injectables segment will witness a growth rate of 3.5% through 2026. Worldwide fish collagen peptides industry from poultry segment is likely to expand at 4% CAGR during the forecast timespan. While, cattle segment is anticipated to record CAGR of 4% through 2026, creditable to surging demand from animal nutrition sector. Lastly, agriculture segment accounts for 2% share of global fish collagen peptides market and is reckoned to accrue notable gains through 2026, owing to increasing product demand in agriculture industries.
Considering the geographical terrain, LATAM fish collagen peptides industry is expected to record 4.5% CAGR, attributable to growing intake of animal protein products. On the other hand, Middle East and Africa industry is projected to expand at a CAGR of 2.5% over the estimated timeframe.
Leading organizations in global fish collagen peptides market are Hainan Huayan Collagen Biotech Co, Ltd., Capsugel Belgium NV, Vivesa Holding S.R.O., Lapi Gelatine S.p.A., Connoils, LLC, Hangzhou Nutrition Biotechnology Co., Ltd., Norland Products, Inc., Amicogen, Inc., Nitta Gelatin, Inc., Rousselot, and Gelita AG.