The global marine active ingredients market is projected to witness substantial growth, increasing from USD 9,709.0 million in 2023 to USD 18,058.5 million by 2033, with a notable compound annual growth rate (CAGR) of 6.4% during the projection period.
Key Trends Listed by Future Market Insights (FMI):
In recent years, demand for more eco-friendly, cruelty-free, and sustainable products has been growing. Marine actives fit this criterion since they are sourced from renewable resources and minimize waste through by-product utilization.
It possesses unique properties that support multiple aspects of human health, ranging from cognitive function to cardiovascular performance, muscle recovery, joint health, and many more. Therefore, its versatility enabling wider application within the wellness industry
Besides the wellness industry, it is also finding increasing applications in the cosmetic industry due to its moisturizing, anti-aging, and skin-enhancing properties. Marine peptides, marine collagen, and seaweed extracts are among the active ingredients that are used in a variety of cosmetics products.
Ongoing research and development efforts to extract bioactive ingredients from marine sources are further driving the market ahead. Researchers are putting efforts to examine marine biodiversity to discover bioactive ingredients with potential benefits to human beings.
For instance, researchers have found that marine enzymes pose anti-inflammatory and antioxidant properties due `to which they are useful in a range of therapeutic applications.
These advancements have played a crucial role in the growth of the market and to attract investments to discover more properties of marine active ingredients.
| Attributes | Key Insights |
|---|---|
| Estimated Global Marine Active Ingredients Market Size (2023E) | USD 9,709.0 million |
| Projected Marine Active Ingredients Market Value (2033F) | USD 18,058.5 million |
| Value-based CAGR (2023 to 2033) | 6.4% |
| Top 3 Countries’ Value | USD 13,092.4 million |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2022 Projected (P) | 5.9% |
| Jul to Dec (H2), 2021 (A) | 5.5% |
| Jul to Dec (H2), 2022 Projected (P) | 6.7% |
| Jan to Jun (H1), 2022 Outlook (O) | 5.6% |
| Jul to Dec (H2), 2022 Outlook (O) | 7.1% |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | 60 |
| Jan to Jun (H1), 2023 Projected (P) | 6.1% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | 29 |
| Jan to Jun (H1), 2021 (A) | 5.0% |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -41 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 158 |
According to the Future Market Insights (FMI) analysis, global marine active ingredient sales grew at a CAGR of 6.3% from 2018 to 2022. For the next ten years, the worldwide market for marine active ingredients is forecast to progress at 6.4% CAGR.
Over the years, marine active ingredients achieved lucrative growth owing to the rising demand for natural ingredients having sustainable origins. This resulted in the extensive exploration of the ocean depths to discover diverse and valuable marine life exhibiting microbiome stabilization, antioxidant activity, and other essential properties.
The implementation of innovative marketing strategies has allowed manufacturers to grow at a significant rate. With proper investment at each stage of product development, manufacturers have worked towards increasing awareness about the health benefits offered by marine active ingredients.
In order to boost awareness, they share the successful results of clinical trials with their target customers. As the marine active ingredients market is highly regulated, the specifications of the product supplied determine the positioning of the product and the application at which it is aimed.
Marine collagen is increasingly utilized in the dental, medical, and pharmacological fields. It is also used as the ideal support for medications and is a natural biomaterial with wound healing and astringent properties.
Thus, the diverse applications of marine collagen in cosmetic, nutraceutical, and medical fields present a potential market for the overall progress as an ingredient.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 6.5% |
| Market Value (2033) | USD 5,977.3 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.9% |
| Market Value (2033) | USD 1,101.5 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 8.9% |
| Market Value (2033) | USD 4,929.9 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 10.2% |
| Market Value (2033) | USD 1,841.9 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 7.5% |
| Market Value (2033) | USD 2,185.0 million |
Rich Marine Biodiversity, Supported by Government-Backed Research Institutes and Policy Incentives, Drives the Growth
The ocean played a vital role in the advancement of Chinese culture and economy as its coastal region covers 13% of the country’s total area which has presented a lucrative opportunity to explore the marine active ingredients in a variety of fields such as nutraceuticals, cosmetics, agriculture, and medicines.
Besides this, the Chinese government has taken efforts in the country to encourage marine resources by developing research institutes such as the Marine Biology Institute and China-Korea Joint Ocean Research Center(CKJORC) to study marine life under the Chinese Academy of Sciences.
Additionally, it is offering financial assistance to encourage investment and promote innovation. These initiatives include funding and subsidies to increase competitiveness and attract new players to participate.
This increasing emphasis on strategic support has provided a solid foundation for growth and positioned China among leading producers and consumers of marine active ingredients.
Advanced Research Capabilities, Stringent Regulatory Standards, And Strong Market Infrastructure Driving the Market
The marine active ingredients market in the United States is anticipated to grow at 6.5% CAGR to cross a valuation of USD 5,977.3 million during the forecast period.
The United States has the extremely developed infrastructure to conduct cutting-edge research on natural ingredients derived from marine life. This includes top universities, government laboratories, and nonprofit organizations along with key players who engage to develop novel technology.
This collaboration has enabled innovative processing technology to extract high-quality actives from marine ingredients at a reasonable cost to scale up production and meet the market demand.
Besides this, favorable public policies and regulatory environments in the United States have created a conducive business atmosphere across the country. For instance, policies encouraging the use of green chemistry stirred up manufacturers' confidence to invest more to innovate and engage more in sustainable business practices
Growing consumer awareness of the environmental impact and increasing demand for natural and sustainable products are driving the growth
The market for marine active ingredients in India is anticipated to surge at 10.2% CAGR during the forecast period from 2023-2033. By the end of 2033, India is likely to attend a market size of USD 1,841.9 million in the South Asian market.
In India, consumer awareness of environmental impact is boosting demand for natural and sustainable products. According to research conducted by the Indian Market Research Bureau, 70% of Indian customers are willing to pay a premium for products created with natural components.
At the same time, advances in marine biotechnology are revealing new marine active substances with potential health advantages. For example, Researchers from the Indian Institute of Technology Madras recently found an anti-cancer marine chemical.
Continued research & development in this field is expected, leading to new discoveries and propelling the Indian marine active ingredients market forward. The market for marine active compounds in India is expected to grow as customers prioritize eco-friendly options and scientific developments continue.
High Nutritional Profile Driving the Demand for Fish Meal
Based on product type, demand for fish meal is expected to continue during the forecast period to achieve a market value of USD 12,640.9 million by the end of 2033.
Traditional methods of livestock farming use soymeal, corn gluten, and other plant-based meals generating negative ecological footprints through soil degradation, deforestation, and water scarcity.
Fish meal is an ideal option due to its high protein content and nutritional profile which makes it a rich source of functional feed additive. It supports digestion and sustains the energy level of the aquatic animals raised through commercial practices.
On the other hand, fish meal presents itself as a greener alternative as its production does not follow land-bound agricultural techniques. Therefore, manufacturers are engaging in innovative techniques such as offshore aquafarming to reduce the operational cost while ensuring a cleaner environment
Recognized Health Benefits, Versatility in Applications, And Alignment with Sustainability Trends Pushing the Proteins Market
Among the ingredient type, the protein segment is expected to hold a market share of 23.0% during the forecast period resulting in a market size of USD 4,207.6 million
Protein's versatility allows it to be used in various industries including food and beverage, dietary supplements, and pharmaceuticals. This adaptability increases the market potential for protein extracted from marine active ingredients.
Furthermore, increasing concerns over environment conservation and sustainable sourcing add value to the eco-friendly nature of marine-based proteins which offer a more attractive and transparent supply chain than plant-based alternatives which highly rely on synthetic fertilizers.
Powder Form Offers Superior Stability, Convenience, and Ease of Handling
Among forms, the powder segment is expected to hold a value share of 67% to reach a market size of USD 12,099.2 million by the end of 2033.
Marine active ingredients in powdered form are easy to transport, store and incorporate into various applications which is a key reason for its increasing demand.
When powders are stored properly in a sealed container under an appropriate atmosphere, it offers a long shelf life compared to fresh liquids along with inventory stability and minimal waste.
Therefore, several industries have started incorporating MAI's powders as it maintains the consistency and texture of a variety of products including dietary supplements, animal feed, and cosmetics.
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The marine active ingredients market has a diverse and dynamic competitive landscape. To serve industries such as food and drinks, cosmetics, pharmaceuticals, and supplements, leading companies specializing in diverse fields are focusing on research and development, sustainable sourcing, and new formulations.
These companies emphasize environmentally friendly practices, product certifications, and satisfying the increased demand for natural and sustainable ingredients. Additionally, it tries to preserve its market position and capitalize on the growing demand by focusing on quality, innovation, and matching customer preferences.
For instance:
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 9,709.0 million |
| Market Forecast Value in 2033 | USD 18,058.5 million |
| Anticipated Growth Rate (2023 to 2033) | 6.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; Europe; South Asia; North America; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Mexico, Canada, Chile, Brazil, Peru, Argentina, France, Germany, Spain, Italy, Netherlands, United Kingdom, Nordic, Belgium, Russia, Poland, Japan, South Korea, China, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Product Type, End Use, Form, Ingredient Type, and Region |
| Key Companies Profiled | Hofseth BioCare ASA; Bio-marine Ingredients Ireland Ltd.; TripleNine Group A/S; Symrise AG; Scanbio SA; Titan Biotech Limited; Bio-Oregon Protein, Inc.; SA Copalis; Jiangxi Cosen Biochemical Co., Ltd.; A. Costantino & C. S.P.A.; Alaska Protein Recovery LLC.; Gelita AG; Cargill Inc. |
The growing demand for marine active ingredients in China is being driven by the country's booming cosmetics and personal care industry.
The increasing demand for marine active ingredients in Germany is being driven by the country's growing pharmaceutical and food and beverage industries.
The booming health and wellness industry is necessitating the adoption of marine active ingredient services.
The marine active ingredients market in the United States is anticipated to grow at 6.5% CAGR to cross a valuation of USD 5,977.3 million during the forecast period.
The Asia Pacific region is projected to witness the highest CAGR of 8.9% through 2033.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size (in Value (USD Million) and Volume (MT)) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Fish Meal 7.2. Fish Oil 7.3. Others (marine protein, peptides, etc.) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ingredients Type 8.1. Protein 8.2. Ash 8.3. Fatty Acids 8.4. Others (vitamins, enzymes, etc.) 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 9.1. B2B Poultry Feed 9.2. Aquaculture 9.3. Animal/Pet Food 9.4. Food & Beverage 9.5. Sports Nutrition & Dietary Supplement 9.6. Infant Formula 9.7. Pharmaceuticals 9.8. Cosmetic & Personal Care 9.9. Others (fertilizers, emulsion, etc.) 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 10.1. Powder 10.2. Liquid 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country-level Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. SA Copalis 21.2. Hofseth BioCare ASA 21.3. TripleNine Group A/S 21.4. Bio-marine Ingredients Ireland Ltd. 21.5. Symrise AG 21.6. Scanbio SA 21.7. Bio-Oregon Protein, Inc. 21.8. Cargill Inc. 21.9. A. Costantino & C. S.P.A. 21.10. Alaska Protein Recovery LLC 21.11. Titan Biotech Limited 21.12. Jiangxi Cosen Biochemical Co., Ltd. 21.13. Gelita AG 21.14. Other Players (On Additional Requests) 22. Assumptions and Acronyms Used 23. Research Methodology
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Marine Active Ingredients Market
