Bythos has been working closely with Kialab – a cosmetics formula research company with long experience in the study of new ingredients for cosmetics. They are currently evaluating functionality, efficacy and compliance at regulatory level, together with the compatibility and stability of collagen samples from tuna and anchovy residues from the Bythos labs.
We now have the results of the Kialab market analysis of marine collagen.
A brief summary is shown below; take a look at the full report for a more complete overview.
The marine collagen market was estimated at 620.3 million dollars in 2018 and was expected to grow at a CAGR rate of 7.7% by 2023.
Asia Pacific accounted for the largest market share in 2017 (45%), mostly for personal care and beauty products.
Marine collagen has also been approved in pharmaceutical and food products due to high protein content and other health benefits.
In Beauty and Personal Care products, it is appreciated for its moisturizing effects, restoring flexibility to skin and hair. Most of the products containing collagen are prestige products located in the high price range and mainly relate to skincare, colour cosmetics and hair products. We find collagen in suncare products, hair masks, face creams, hand therapy gloves, foundation, even mascara.
Regarding claims, most declare moisturizing and anti-aging effects; however, claims range from brightening to firming to reducing wrinkles.
Nearly all of the big skincare companies produce collagen-containing products with L’Oréal at the top, having launched by far the greatest number of collagen-containing products in the last 5 years, followed by Avon, Maybelline, Unilever and even Lidl.
The conclusion that our consultancy company draws from the report is that the applications of collagen are vast, interest is growing due to it being a viable alternative to terrestrial animal collagen, global markets are also expanding quickly, and marine collagen sourced from fish residues represents a sustainable source.