The fish collagen peptides market value from the nutraceuticals segment was projected to surpass USD 405 million in 2020 with a CAGR of around 5.5%, indicating a strong forecast through 2027. Robust outlook will be attributed to rising trend for dietary supplements and functional foods. Rising trend for nutraceuticals has prompted manufacturers to replace bovine and porcine with fish collagen peptides. Considering the trend for nutraceuticals to prevent age-related diseases and boost health, investments are likely to surge in fish collagen peptides.
Manufacturers are likely to exhibit interest in fish bone to prepare fish collagen peptides through the enzyme process. End-use applications such as pharmaceuticals, nutraceuticals, animal nutrition and cosmetics are likely to seek fish bone. Besides, the presence of bones in fish will help minimize the formation of wrinkles and strengthen hair. The fish collagen peptides market value from the bone segment will account for around USD 120 million by 2027 and will grow at a healthy CAGR of 5.5% between 2021 and 2027.
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The global fish collagen peptides market size is expected to surpass USD 990 million by 2027, According to a study by Global Market Insights, Inc. The use of fish collagen peptides as a dietary supplement, food additive and cosmetics will drive its industry growth.
Increasing consumer awareness towards the use and benefits of collagen will drive the global fish collagen peptides market value. Fish collagen peptides have gained significance in skincare and haircare and have surged in demand owing to rising prominence of proteins.
With soaring popularity of fish collagen peptides in a range of applications, manufacturers and brands are likely to cash in on some of the prevailing trends mentioned below:
Shifting consumer behavior towards fish collagen peptides-based dietary supplements and cosmetic products will further expedite product demand. The APAC fish collagen peptides market value is forecast to account for more than USD 290 million by 2027, expanding at a CAGR of more than 6% from 2021 to 2027.
Industry participants are expected to inject funds into marine collagens for use in the cosmetic sector. Prominently, marine collagens have become popular as a functional ingredient for cosmetic purpose, including UV radiation protectors, anti-wrinkling, anti-aging and moisturizing action. A notable uptick in the usage of dermal fillers will foster invasive cosmetic procedures, thereby driving fish collagen peptides market growth.
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Stakeholders are likely to explore opportunities in cosmetics and nutraceutical portfolios. They are expected to roll out innovative products in cosmetics as marine collagens continue to open new avenues of growth in the global fish collagen peptides market.
The APAC fish collagen peptides market is poised to emerge as a lucrative destination for fish collagen peptides manufacturers. Heightened awareness about dietary supplements in developing countries such as India and China will bolster product adoption across the region. Additionally, advanced economies such as Australia and Japan have upped expenditures on nutritional and healthcare products.
The millennial population has exhibited profound demand for functional food and dietary supplements, encouraging companies to invest in fish collagen peptides. Some of the prominent companies are Amicogen, Inc., Rousselot, Nitta Gelatin, Inc., Capsugel Belgium NV (Lonza), Norland Products, Inc., and Vivesa Holding S.R.O., among others. These companies are likely to emphasize organic and inorganic strategies to gain a competitive in the landscape.
Africa Food Ingredients Market: https://www.globenewswire.com/news-release/2022/05/03/2434131/0/en/The-Africa-Food-Ingredients-Market-to-attain-2-30-billion-by-2028-says-Global-Market-Insights-Inc.html
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