June 03, 2020
According to the 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 expected to register substantial growth during 2020-2026.
Consumer preference towards animal-based protein products is a major factor driving the growth of fish collagen peptides industry. Collagen derived from fish not only allows quick healing of the skin but also alleviates scars. The product encourages cell proliferation and protein synthesis.
Increasing utilization of fish collagen to reduce the prevalence of osteoporosis is also stimulating the industry outlook. The product enhances bone strength by supporting the absorption of minerals.
Fish collagen majorly comprises of Type I collagen, which is a naturally occurring substance found in body except for cartilaginous tissues. The human skin contains 70% of Type I collagen, hence rising adoption of fish collagen in maintaining skin health is aiding the market expansion. Type I collagen helps in reversing the aging process while minimizing the prominence of wrinkles and cellulites.
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By source, fins segment held 6.5% market share in the recent past, primarily due to widespread adoption of fish fins as a rich source of raw material.
Based on the application terrain, nutraceutical functional food segment is projected to expand with a CAGR of 4% during 2020-2026. On the other hand, fish collagen peptides industry from injectable cosmetics application is expected to grow with a CAGR of 3.5% through 2026.
Further elaborating on the application spectrum, poultry as well as cattle animal nutrition segments are predicted to record 4% growth rate between 2020 and 2026.
Considering the geographical landscape, fish collagen peptides industry in Latin America as well as in Middle East & Africa is reckoned to witness a y-o-y growth rate of 4.5% and 2.5% respectively during 2020-2026.
Lapi Gelatine, Connolis, Hangzhou Nutrition Biotechnology Co. Ltd., Vivesa Holding S.R.O., Norland Products, Capsugel Belgium NV, Amicogen Inc., Hainan Huayan Collagen Biotech Co. Ltd., Nitta Gelatin Inc., Gelita AG and Rousselot are the major companies defining the competitive scenario of fish collagen peptides market