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Fish Collagen Peptides Market Size
- Report ID: GMI4644
- Published Date: Aug 2024
- Report Format: PDF
Fish Collagen Peptides Market Size
Fish Collagen Peptides Market size was valued at USD 792.8 Million in 2023 and is projected to grow at 4.6% CAGR from 2024 to 2032. Due to their high protein content and benefits, such as anti-aging properties and promoting bone formation, fish collagen peptides are becoming increasingly popular among younger consumers. Supplements and medications infused with these peptides have demonstrated an ability to reduce inflammation.
Furthermore, the pharmaceutical industry widely employs these ingredients for wound healing and alleviating pain in patients with bone and joint conditions, including osteoarthritis. Their efficacy in healing joint pain further amplifies their demand in pharmaceutical applications. According to the U.S. Food and Drug Administration (FDA), the use of collagen in medical applications has seen a 15% annual increase over the past five years.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Fish Collagen Peptides Market Size in 2023: | USD 792.8 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 1.19 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | By Source, By Type, By Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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As protein supplement consumption rises, fish collagen peptide manufacturers stand to gain significant business opportunities. The surge in using fish-derived extracts in dietary supplements and functional foods can be attributed to advanced technologies like micro-encapsulation and grafting, bolstering optimistic market projections. Additionally, a growing consumer preference for fat-free, nutrient-dense foods is set to further elevate product demand. The U.S. Department of Agriculture (USDA) reports that the demand for dietary supplements has increased by 12% annually, reflecting a significant shift towards health-conscious consumption patterns.
While fish collagen peptides are gaining traction among young customers, there is a large availability of substitute products, which might hinder the global fish collagen peptides market progress. Furthermore, there is a robust need to develop effective processing methods to remove certain compounds without affecting the solubility and functionality of the protein, which can raise production costs.
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Fish Collagen Peptides Market Scope
