Algal Pigments: A Natural Approach to Colouring

 

According to a new market research report titled, ‘Algal Pigments Market by Type (Beta-Carotene, Astaxanthin, Phycocyanin, Phycoerythrin, Chlorophyll), Form (Powder), Source (Microalgae, Macroalgae), Application (Food & Beverages, Aquaculture, Nutraceuticals, Pharmaceuticals, Cosmetics) - Forecast to 2030,’ the global algal pigments market is projected to reach $669.8 million by 2030, at a CAGR of 7.2% during the forecast period.

 

The major factors driving the growth of the global algal pigments market are the rising demand for natural colorants, increased adoption of algal pigments for therapeutic & nutritional purposes, reluctance towards usage of synthetic colors, increasing awareness for clean-label products, and growing need to enhance product appeal. Additionally, the growing demand for phycocyanin provides significant growth opportunities for algal pigment manufacturers in the coming years.

 

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The algal pigments market is segmented by type (beta-carotene, astaxanthin, fucoxanthin, phycocyanin, phycoerythrin, lutein, and chlorophyll), form (powder, liquid), source (microalgae (spirulina, haematococcus pluvialis, dunaliella salina, chlorella, and other microalgae), macroalgae/seaweed (red seaweed, brown seaweed, and green seaweed)), application (food & beverages, aquaculture, nutraceuticals, pharmaceuticals, cosmetics, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

 

Based on type, the phycocyanin segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by the increasing adoption of phycocyanin for nutraceutical & nutritional applications, the reluctance toward the use of synthetic colors, the rising demand for natural blue colorants, and increasing venture investments in phycocyanin production, the high potential of phycocyanin in pharmaceutical applications and the increasing consumer awareness regarding clean-label products.

 

Based on source, the microalgae segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the consumer inclination toward health & wellness trends, the growing dietary supplements industry, the rising demand for natural food colors, increasing vegetarianism, the growing nutraceuticals industry, and the increasing preference for microalgae-sourced products.

 

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Based on application, in 2023, the food & beverages segment is expected to account for the largest share of the algal pigments market. The large market share of this segment is attributed to factors such as the increasing consumer demand for plant-derived alternatives, stringent regulations against the use of synthetic colors in food products, and properties of algal pigments such as high nutritive value, eco-friendly nature, non-toxicity, and non-carcinogenicity. However, the cosmetics segment is slated to register the highest CAGR during the forecast period. The fast growth of this segment is mainly driven by the rising demand for natural cosmetics products, increasing awareness among consumers about the adverse effects of synthetic cosmetic products, and increasing applications of algal pigments in the cosmetic industry due to their therapeutic uses and zero to minimal side effects.

 

Based on geography, in 2023, Europe is expected to account for the largest share of the algal pigments market. The large market share of this region is attributed to the huge food and beverages industry; strict regulations against the use of synthetic colors; growing health and wellness trends; large demand for natural colorants from various end-use industries; the presence of a number of algal pigment manufacturers; and growing government focus on algae industry.

 

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However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is driven by a large number of local and regional players, growing consumption of natural food ingredients, various government initiatives to promote the use of algae, growing demand for algal pigments from the food and beverages industry and increasing consumer preference for natural ingredients.

 

The algal pigments market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the algal pigments market are Bluetec Naturals Co., Ltd (China), E.I.D. - Parry (India) Limited (India), Cyanotech Corporation (U.S.), AstaReal Group (Japan), Algatechologies Ltd. (Israel), Zhejiang Binmei Biotechnology Co., Ltd. (China), Algae Health Sciences (U.S.), Sochim International S.p.A. (Italy), D.D. Williamson & Co., Inc. (U.S.), Chlostanin Nikken Nature Co. Ltd. (China), DIC Corporation (Japan), Merck KGaA (Germany), Sensient Technologies Corporation (U.S.), Tianjin Norland Biotech Co., Ltd (China), AstaReal Group (Japan), Shaivaa Algaetech LLP (India), and Divi's Laboratories Limited (India).

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“Collagen Market” Worth $8.64 Billion by 2029

 

Nowadays, the demand for protein is increased significantly. Proteins in various food items are used by the human body to create specialized protein molecules that help in the production of haemoglobin (Hb), an important component of the blood that helps carry oxygen to all body parts. It also promotes healthy metabolism. Furthermore, the demand for dietary supplements is growing due to the rising awareness of body weight management among all age groups worldwide. Dietary supplements help lead a healthier life by providing essential nutrients.

 

In nature, collagen is found exclusively in animals, especially in the flesh and connective tissues of mammals. Collagen is a part of the connective tissue in the skin that provides firmness, suppleness, and constant renewal of the skin cells. Collagen is vital for skin elasticity. With aging, the synthesis of collagen in the body reduces, causing weakness, fatigue, aches, pain, and an overall lack of energy. This sparked the need for external collagen supply to the body and led to the inception of the collagen supplement industry. Collagen supplements are intended to uphold a person's skin, hair, nails, and body tissues as metabolites of collagen assemble bone, skin, and ligaments by attracting fibroblasts that generate the synthesis of new collagen. In food, collagen is found mostly in the odd bits and tougher cuts of beef that contain connective tissue. Collagen is a vital component of connective tissue and is the most abundant protein in mammals, making up about 25–35% of the whole-body protein content.

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Collagen and gelatin find their major application in dietary supplements, functional foods, beverages, confectionery, and desserts. It has been widely used as a food additive that improves the organoleptic properties of food products. For instance, using collagen in sausages and frankfurters improves the rheological properties and presence of animal nutritive fibers. In addition, desserts are characterized as sugary products that may not offer many health benefits other than the taste. Therefore, the use of collagen in the powdered form in dessert making improves the nutritional value of the desserts by providing essential protein and an amino acid that benefit in the production of collagen and elastin, resulting in healthier skin, inflammation sleep, and healthy hair growth. Also, trifles, aspic, marshmallows, candy corn, and confections such as peeps, gummy bears, fruit snacks, and jelly babies contain a large amount of gelatin.

 

Despite the recent economic slowdown, the global confectionery market is steadily increasing. This growth is majorly attributed to the growing population and affordability of these confections. In the beverage industry, collagen promotes the body's natural capacity to generate fatty tissues. Generally, collagen drinks claim to stimulate the collagen-making mechanism of the body, which reduces skin wrinkles and sagging of the skin. In Malaysia, various organizations are conducting R&D on collagen drinks. Malaysia Dairy Industries (MDI) has added collagen peptides in their nutritious probiotic drink, where collagen peptides serve as components required to synthesize collagen. In addition, vitamin C was added to the drink as an antioxidant and a vital co-enzyme in the biosynthesis of collagen. As a result, the 'vitagen collagen' drink was created to stimulate the growth of beneficial gut bacteria and radiate beauty from deep in the skin. Collagen is also used in some alcoholic beverages as the triple helix and rod-like structure of collagen is thermally labile and acts as the clarifying agent in cloudy alcoholic beverages by aggregation of the yeast and other insoluble particles. Bovine collagen in the solution form can also be used in beer refining and yeast preparation by chemical modification. Gelatin is used as a clarifying agent in winemaking and some non-alcoholic fruit juices.

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In addition, the application of collagen in meat and fish products is expected to rise in the near future due to the rising production of processed meat and the growing population across the globe. For instance, according to the Worldwatch Institute's Nourishing the Planet Project for Vital Signs Online, worldwide meat production has tripled over the last four decades and increased by 20 percent in the last 10 years. Meanwhile, developed countries are consuming high quantities of meat, nearly double the quantity of developing countries. This mounting meat production is expected to increase the use of collagen for this application in the next few years.

 

Moreover, dairy is one of the major food processing areas in the world. According to the Food and Agriculture Organization (FAO), the global milk output in 2018 was 843 million tons, an increase of 2.2 percent from 2017, driven by production expansions in India, Turkey, the European Union, Pakistan, the U.S., and Argentina. This indicates the availability of a large amount of raw material for milk-based processed products.

 

The growing need to provide dairy products that are easy to prepare, stable over time, low in calories, and contain new textures, tastes, and appearances has led dairy processors to incorporate gelatin. Also, gelatin can be used in various dairy products such as yogurts, cream desserts, mousses, and a variety of low-fat dairy products such as cheese to improve the texture and stability of the product. Gelatin has proved to be an excellent alternative to fat in the milk products such as low-fat milk and yogurt. Gelatin is also used in the aeration and stabilization of the ice cream, which improves low-temperature conservation and prevents the formation of ice crystals during long-term conservation. It also improves ice cream's resistance to temperature variations. Combined with other texturing agents, it gives the ice cream a very characteristic texture and slows the melting of the ice cream in the mouth. While in cheese, spreads, margarine, and low-fat butter, gelatin is used to improve the stability and increase the shelf life of these products. It also aids the mouth feel of the low-fat milk-based products. The growing consumption of dairy products is directly related to the growing population. Also, improved milking technologies and dairy farm management result in increased milk production, which is indeed being used in the processing. Therefore, the application of gelatin in the dairy sector is expected to increase significantly in the next few years.

 

Therefore, the demand for collagen and gelatine is expected to propel in the coming years in the food industry. Over the last decade, there has been a significant rise in the demand for processed food, and the consumption of bakery & confectionery products has grown exponentially.

 

The growing awareness of protein consumption and dietary supplements drives the collagen market for food & beverage applications. These factors are expected to facilitate the overall collagen market during the forecast period, which is slated to register the highest CAGR of 6.9% to reach $8.64 billion by 2029, according to Meticulous Research®.

Collagen Market by Type (Gelatine, Collagen Peptide, and Native Collagen), Source (Porcine, Bovine, Marine, Chicken, and Sheep), and Application (Food & Beverage, Pharmaceuticals, Nutraceuticals, and Healthcare) - Global Forecasts to 2029

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the collagen market between last four years. The key players profiled in this collagen market study are Rousselot (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), ITALGEL S.r.l. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (Netherlands), Gelnex (Brazil), Juncà Gelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.).

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