Fish Collagen Peptides - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Fish Collagen Peptides Market is accounted for $219.24 million in 2020 and is expected to reach $336.47 million by 2028 growing at a CAGR of 5.5% during the forecast period. Shifting consumer preferences towards animal-based supplements, growing geriatric population and awareness of dermatological benefits of fish collagen peptides are the major factors propelling the market growth. However, substitution from plant proteins and growing ambiguity among consumers by the risk arising from consumption of animal-based products are hampering the market growth.
Fish collagen peptides (FCP) or fish collagen hydrolysate, are short chains of amino acids derived from fish collagen. There have been derived from the skin, bones, swim bladder, and scales and have been used as a dietary supplement or functional food. Their nutritional properties promote the health of bones and joints, and beautiful skin. After consumption and absorption, fish collagen peptides travel throughout the body, repairing, rebuilding to the different tissues where cells repairs skin, bones, and joints, or the cells can use the amino acids directly for energy.
Based on application, the cosmetics segment is going to have a lucrative growth during the forecast period owing to the growing potential application in making dermal fillers for non-invasive cosmetic procedures. Fish collagen peptides are used in cosmetic products since they assist with anti-aging and moisturizing properties leading to safe option than bovine and cattle collagen peptides. Additionally, expansion of the cosmetics sector in the emerging regions may lead to an upward growth trajectory for fish collagen peptides market
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the widely growing demand for marine fishes, which has created immense raw material in the region. Major contributing countries include China, India, Indonesia, Malaysia, and Thailand. Product innovation and the high ability to produce a diversity of products from fish by-products have increased the prices and demand for fish collagen peptide in this region.
Some of the key players profiled in the Fish Collagen Peptides Market include Amicogen, Capsugel Belgium NV (Lonza), Cosen Biochemical, GELITA AG, HaiJianTang, Hangzhou Nutrition Biotechnology Co., Neocell, Nitta Gelatin, Norland Products, PB Leiner, Rousselot, Vivesa Holding S.R.O., and Weishardt.
• Freshwater Fish Collagen Peptides
• Marine Fish Collagen Peptides
• Animal Nutrition
• Food & Beverage
• Sports Nutrition & Nutricosmetics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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