04.19.18
The new report published by Markets and Markets, “Marine Collagen Market by Type, Source, Animal, Application and Region — Global Forecast to 2023,” shows promising growth for the ingredient.
The 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%.
Marine collagen is typically hydrolyzed (as shown above, as a powder) and used in nutraceuticals, cosmetics, and medical applications.
Type 1 marine collagen is expected to lead the Marine Collagen Market from 2018 to 2023. This type provides various medical benefits, but also finds applications in cosmetics as it helps in preventing any signs of skin aging.
