(Food-Beverage-News.Com, August 30, 2019 ) The marine collagen market is estimated to be valued at USD 620.3 Million in 2018 and is projected to reach USD 897.5 Million by 2023, growing at a CAGR of 7.7%. The marine collagen market is witnessing growth owing to the growth in demand for beauty products, increase in the number of R&D activities, innovations in the medical field, technological advancements, and by-product utilization and processing due to the growth of the fish processing industry. One of the key factors driving the growth of the marine collagen market in nutraceuticals is the inclination of end consumers toward sports nutrition and weight management.
The key market players adopted strategies such as expansions & investments, acquisitions, and partnerships to meet the growing demand for marine collagen. Major players such as Ashland (US), Darling Ingredients (US), Nitta Gelatin (Japan), Gelita (Germany), and Weishardt Group (France) collectively accounted for a majority of the global marine collagen market. Other players in the market include Amicogen, (South Korea), Nippi, Incorporated (Japan), Seagarden (Norway), ChinaPeptide (China), Vital Proteins (US), Connoils (US), BHN (Japan), Beijing Taiaitai Biotechnology (China), and ITALGELATINE (Italy).
Ashland is one of the leading manufacturers and marketers of marine collagen for the cosmetics industry. The company is a major supplier of skin & sun care products. It focused on acquisitions and expansions between 2013 and 2017. In May 2017, Ashland acquired Pharmachem Laboratories (US), which is a global player in the supply and manufacturing of health & wellness ingredients. Pharmachem Laboratories operates with 14 manufacturing sites in the US and Mexico. In October 2016, Ashland set up a pharmaceutical technical center in Shanghai (China) to offer innovative products to the pharmaceutical industry through the application of specialized chemistry.
Darling Ingredients is another leading player in the market due to its strong global presence and product offerings. It develops and manufactures fish collagen peptides for food, cosmetics, and pharmaceutical industries. It adopted acquisitions as its key strategy to expand its geographic network. In January 2014, Darling Ingredients acquired VION Ingredients, part of VION Food Group (Netherlands), which is a global leader in specialty ingredients for food, feed, fertilizers, and bio-energy. Rousselot was a part of VION Ingredients, which manufactures gelatin and collagen ingredients.
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