According to Future Market Insights (FMI), the global krill oil phospholipid market is estimated to be worth US$ 96.2 million by 2024 and US$ 188.6 million by 2034. The market is projected to grow at a CAGR of 7.0% during the forecast period.
Growing consumer awareness of the health benefits of omega-3 fatty acids has led to a surge in demand for krill oil supplements. The unique composition of krill oil, particularly its phospholipid content, is gaining traction as a natural alternative to traditional fish oil.
As health and wellness trends become more prevalent, krill oil is a potent source of essential nutrients. Research into the health benefits of krill oil and phospholipids has contributed to market growth, with potential applications in cardiovascular health, cognitive function, and inflammation management.
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Manufacturers are continuously innovating krill oil supplements to enhance their efficacy and inflate their market reach. The krill oil phospholipid market is significantly influenced by regulatory frameworks, which require manufacturers to adhere to quality standards, labeling requirements, and health claims regulations.
As per the studies on the krill oil phospholipid industry, their demand is anticipated to increase due to their expanding use in cosmetics, pharmaceuticals, nutrition & supplements, and other industries. The krill oil phospholipid market is being driven by consumer preferences for components that are derived naturally. The use of krill oil phospholipids in finished goods is also rising due to the growing consumption of functional and convenience foods.
Key Takeaways from the Krill Oil Phospholipid Market Study
- Norway’s krill oil phospholipid market is expected to reach US$ 4.4 million by 2034.
- Japan’s krill oil phospholipid market is poised to exhibit a CAGR of 5.9% during the assessment period.
- Krill oil phospholipids demand in Germany is anticipated to rise at a steady CAGR of 4.9% during the forecast period.
- Based on the form, the soft gel category is estimated to secure a CAGR of 8.7% during the forecast period.
- The dietary supplements segment is projected to reach a valuation of US$ 60.3 million in 2034.
“Digitalization is causing significant global market expansion in various industries, including krill oil phospholipids production. With rising internet usage and online transactions, leading companies opt for online channels for promotion and sales. At the same time, consumers prefer online purchases, promoting companies to establish online presences.” says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape
Leading companies operating in the krill oil phospholipid market are Aker BioMarine, Neptune Wellness Solutions, Rimfrost AS, Enzymotec (Frutarom Health), Adisseo SAS, and Biocorp Co. The demand for krill oil phospholipids is anticipated to increase due to their expanding use in cosmetics, pharmaceuticals, nutrition & supplements, and other industries. The krill oil phospholipid market is being driven by consumer preferences for components that are derived naturally.
The use of phospholipids as a component in finished goods is also rising due to increasing consumption of functional and convenience foods and growing awareness of leading healthy lives. Since krill oil phospholipids are a natural product and are popular with consumers, several companies are collaborating directly with their producers to source high-quality phospholipids for use in their goods.
For instance,
- In 2022,Aker BioMarine launched an innovative delivery platform to Improve Ingredient Bioavailability.
Get Valuable Insights into the Krill Oil Phospholipid Market
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the krill oil phospholipid market, presenting historical demand data from 2019 to 2023 and forecast statistics for the period from 2024 to 2034.
The study divulges compelling insights on the krill oil phospholipid market based on product type (phosphatidylcholine [PCho], phosphatidylethanolamine [PE], and others [phosphatidylinositol, phosphatidylserine]), form (liquid, soft gels, capsules, and powders), end-use application (nutraceuticals, dietary supplements, pharmaceuticals, functional foods and beverages, cosmeceuticals and animal feed and pet nutrition) and regions.
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Global Krill Oil Phospholipid Market Segmentation by Category
By Product Type:
- Phosphatidylcholine (PCho)
- Phosphatidylethanolamine (PE)
- Others (Phosphatidylinositol, Phosphatidylserine)
By Form:
- Liquid
- Softgels
- Capsules
- Powders
By End-use Application:
- Nutraceuticals
- Dietary Supplements
- Pharmaceuticals
- Functional Foods and Beverages
- Cosmeceuticals
- Animal Feed and Pet Nutrition
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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