05.30.23
The global fish collagen peptides market is expected to reach $1.1 billion by 2031, according to a report by ResearchAndMarkets.
The market size is anticipated to grow at a CAGR of 4.80% during the forecast period of 2023-2031 to achieve a value of $1105.7 million by 2031.
Fish collagen peptides are hydrolyzed collagen derived from the skin and bones of fish. These peptides are used in various food, beverage, cosmetic and healthcare products due to their health benefits. In the cosmetic industry, fish collagen peptides contain essential amino acids that help in promoting healthy skin, hair and nails. They are used in anti-aging products such as creams, lotions and serums.
Demand for Clean-Label Ingredients Drive Market
The global fish collagen peptides market is expected to grow significantly due to the increasing demand for cosmeceutical products, rising awareness of health benefits associated with fish collagen peptides and growing demand for clean-label products. The market is also driven by the increasing demand for anti-aging products.
In recent years, the fish collagen peptide market has seen significant growth in Asia-Pacific, primarily due to the rising awareness of the health benefits of collagen supplements and the growing demand for functional foods and dietary supplements in the region. The market is also expected to witness significant growth in North America and Europe due to the increasing demand for natural and organic ingredients in the food and healthcare industries.
Key Trends in the Fish Collagen Peptide Market
Consumers are becoming more health-conscious and are looking for natural and organic products. Fish collagen peptides are derived from fish skin and scales and are a natural and sustainable source of collagen.
Further, the demand for anti-aging products is on the rise as consumers want to maintain a youthful appearance. Fish collagen peptides are believed to help improve skin elasticity and reduce the appearance of wrinkles and fine lines. Fish collagen peptides are increasingly being used in the beauty industry as an ingredient in skincare and haircare products. They are believed to help improve skin and hair health by promoting collagen production.