Report ID: UCMIG15E2270
Report ID:
UCMIG15E2270 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for marine hydrolyzed collagen was worth USD 907.2 million in 2020, and it is expected to grow at an 8.7% CAGR from 2021 to 2028. The expanding product use range in the cosmetic & personal care & food and beverage sectors is expected to drive the market. Furthermore, the market is likely to gain from the growing use of sea collagen-based products in nutritional supplements, as well as increased demand for marine collagen-based materials. The raw components for a good are often inexpensive. However, the price of the product is determined by the availability of the initial components and the country in which it is manufactured.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2270