Fish Collagen Peptide is a collagen protein derived from the skin, fins, scales and bones of fish. Fish Collagen Peptide offers various health benefits due to which it is widely used in cosmetics and dietary supplements. The global Fish Collagen Peptides market has experienced significant growth and is expected to grow significantly over the next few years due to the increase in the use of Fish Collagen Peptides in various industries.
COVID-19 scenario analysis
The global COVID-19 epidemic has had serious implications across all economic sectors. All over the world, the pandemic has created a medical emergency due to which the demand for food, hygiene products and medical products market has increased. In the COVID-19 scenario, people are more inclined to consume safe, reliable and healthy foods. As a result, COVID-19 has increased sales of traditional, healthy and staple foods. Frozen non-vegetarian foods, fruits and vegetables, eggs, legumes, flour and whole grains have seen growth in the COVID-19 scenario. However, packaged and processed foods, coffee, pastries, milkshakes, candies, chocolates, cheese, and other baked goods have seen their sales decline, which has reduced demand for peptides from fish collagen in the food and beverage industries.
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The foreclosure scenario in various countries has hampered the production and supply chain of fish collagen peptide products. In addition, the demand for fish collagen peptides in the cosmetics and personal care industry and in the packaged and processed food industry has declined. Consumer buying behavior can change permanently after COVID-19. Businesses need to develop a solid sales plan for the recovery. They may need to adopt an e-commerce platform and omnichannel in their supply chain.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
The main driver behind the growth of fish collagen peptides is the increase in health awareness among people. The various nutrients found in fish collagen peptides have increased the demand. Fish collagen peptides help control blood sugar levels and lower cholesterol levels. Fish collagen peptides provide various health benefits due to which its consumption has increased. It strengthens the immune system and shows antibacterial effects.
The boom in the cosmetics and personal care industry has led to the growth of the fish collagen peptides market. Fish collagen peptides are widely used in these industries to make serums, creams and lotions. The increase in demand for anti-aging products and other skin care products has resulted in an increase in the use of fish collagen peptides as an ingredient in skin care products. It helps to hydrate the skin and thus reduce wrinkles, redness and dermatitis. Millennials’ urge to be attractive has also driven up demand for skin care lotions and creams containing fish collagen peptides. Nowadays, due to busy schedule, busy lifestyle and change in normal eating habits, skin health, increase in obesity, increase in diabetes and other health problems have been affected. As a result, the number of people taking supplements containing fish collagen peptides is increasing.
The wide use of fish collagen peptides in the food and beverage industry, cosmetics and personal care industry, and dietary supplements helps the market to remain profitable for years to come.
Global Fish Collagen Peptides Market Trends
Expansion of distribution
To meet the rising demand, the major players are focusing on expanding the distribution of their products. Expansion helps market players to increase their customer base. For example, in February 2019, Capsugel Belgium NV (Lonza), a producer of fish collagen peptides, announced the extension of its distribution agreement with Quadra Chemicals Ltd. in Canada. The agreement allows the company to increase sales of its full line of consumer health and nutrition ingredients, which also includes its undenatured type II collagen UC-II, in the country.
Main key players: Norland Products Inc, Rousselot, Tessenderlo Group, GELITA AG, Amicogen, SAS GelatinesWeishardt, BHN Co. Ltd., Nippi Collagen NA Inc, HealthyHey Nutrition, LAPI GELATINE Spa, Hangzhou Nutrition Biotechnology Co. Ltd, Nitta Gelatin NA Inc
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Main advantages of the report
• This study presents the analytical description of the global Fish Collagen Peptides industry along with current trends and future estimates to determine impending pockets of investment.
• The report presents information related to key drivers, restraints, and opportunities as well as detailed analysis of the global Fish Collagen Peptides market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Global Fish Collagen Peptides Market.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
• The report provides a detailed analysis of the global Fish Collagen Peptides market based on the intensity of competition and how the competition will shape in the coming years.
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