The global krill oil phospholipid market is estimated to reach USD 96.2 million by 2024 and USD 188.6 million by 2034. The krill oil phospholipid market is projected to grow at a CAGR of 7.0% during the forecast period.
| Attributes | Key Insights |
|---|---|
| Global Krill Oil Phospholipid Market Size (2024E) | USD 96.2 million |
| Krill Oil Phospholipid Market Value (2034F) | USD 188.6 million |
| Value-based CAGR (2024 to 2034) | 7.0% |
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Krill oils phospholipids has several health benefits, including supporting cardiovascular, brain, and joint health. It is a key source of omega-3 fatty acids, supporting the dietary supplements, functional foods, and nutraceutical industry.
Krill oil, rich in omega-3 fatty acids, is gaining traction in the market due to its health benefits and high bioavailability. Environmentally aware consumers looking for natural and sustainable nutrition will find Antarctic krill oil to be an intriguing alternative to conventional fish oil supplements. Antarctic krill oil is considered a clean, healthy, and sustainable source of omega-3s.
Research & development efforts by leading companies are focusing on improving the extraction process and stability of krill oil phospholipids. These include innovations in extraction techniques, encapsulation technologies, and product formulations. Leading manufacturers are investigating novel product formulations to meet the demands of a variety of consumer categories and market segments.
Krill oil phospholipids are widely used in functional meals, nutritional supplements, medicines, and cosmetics. The krill oil phospholipid industry is also surging its applications beyond dietary supplements, functional foods, and nutraceuticals, with potential applications in cosmetics and animal nutrition.
Global krill oil phospholipids sales grew at a CAGR of 6.1% from 2019 to 2023. Krill oil has gained significant consumer awareness for its health benefits, including supporting heart, joint, and brain function. This is due to marketing efforts from supplement manufacturers, health professionals, and scientific research.
As demand for krill oil supplements increased, manufacturers inflated their product offerings to include softgel capsules, liquid formulations, and powdered forms. This diversification focused on catering to consumer preferences and improving convenience & bioavailability. The market is showcasing significant investments in research & development to improve the quality, purity, and efficacy of krill oil supplements, including extraction methods and clinical trials.
From 2019 to 2023, consumer spending on premium and high-quality products has increased. Consumer awareness of health and well-being is on the rise.
They seek to have products with claims such as sustainably sourced, free from contaminants, and backed by scientific evidence supporting their worth and safety. This shift toward premium ingredients compels manufacturers to prioritize product quality, transparency, and tracking raw material sources to improve the customer experience and fulfill their expectations.
By 2034, the krill oil phospholipid market is forecast to rise at 7.0% CAGR. Krill oil phospholipids demand is increasing across industries due to their numerous applications.
Leading manufacturers are set to increase research and development spending to surge their product portfolios. In the cosmetics industry, customers face issues like skin irritation, lightening, and penetration, prompting manufacturers to actively invest in product research & development for new applications.
Principal Consultant
Increasing consumer awareness and health concerns are set to enhance demand for krill oil phospholipids during the forecast period. Growing investment in research & development by key manufacturers and companies further boosts the krill oil phospholipid market.
Growing demand for non-GMO labeled products in the food & beverages industry is set to surge the market. Furthermore, increasing demand for natural cosmetics and skin care products is projected to amplify the natural phospholipid market.
The versatility of phospholipids and their use in several applications elevate the demand for krill oil phospholipids in the global market. Booming e-commerce platforms are also set to help leading manufacturers reach a wider customer base.
The section offers a comprehensive evaluation of three interrelated markets: the global phospholipid market and the krill oil market. It dissects the distinctive characteristics of each market, encompassing their respective CAGRs and market values, while also delving into the pivotal factors that exert influence on their growth trajectories.
Global Krill Oil Phospholipid Industry Analysis:
| Attributes | Global Krill Oil Phospholipid Industry Forecast |
|---|---|
| CAGR (2024 to 2034) | 7.0% |
| Growth Factor | The krill oil phospholipid market is prioritizing sustainability and traceability due to concerns over overfishing and environmental impact, leading to increased scrutiny and transparency in supply chains. |
| The trend in the Krill Oil Phospholipid Market | Krill oil phospholipids are used in functional foods, beverages, and fortified products due to their versatility and ease of incorporation, leading manufacturers to find innovative ways. |
Global Krill Oil Market Outlook:
| Attributes | Krill Oil Market |
|---|---|
| CAGR (2024 to 2034) | 10.5% |
| Growth Factor | Rising disposable income and awareness to spend more on healthy food items to lower the level of cholesterol and improve health are propelling market share. |
| Key Trends | Increasing demand for functional foods due to healthy diets, personal care, and wellness is fueling market growth. |
Global Phospholipid Industry Analysis:
| Attributes | Global Phospholipid Market Analysis |
|---|---|
| CAGR (2024 to 2034) | 11.6 % |
| Growth Factor | The phospholipid industry is projected to surge due to growing demand for natural and sustainable products. |
| Key Trends | Phospholipids' versatility and technological progressions make the industry a lucrative space for start-ups, investors, and entrepreneurs. |
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The analysis suggests untapped opportunities for players in the krill oil phospholipid industry in key countries. Norway and South Korea are set to witness high adoption of krill oil phospholipid, recording CAGRs of 8.6% and 6.5%, respectively, through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 4.2% |
| Germany | 4.9% |
| Norway | 8.6% |
| Japan | 5.9% |
| China | 5.4% |
| South Korea | 6.5% |
The United States krill oil phospholipid market is poised to exhibit a CAGR of 4.2% during the assessment period. By 2034, the country is anticipated to reach USD 31.7 million. Growing demand for premium quality products and a robust regulatory framework are projected to fuel the market in the United States.
Consumers in the United States are increasingly seeking health supplements with tangible benefits, such as omega-3 fatty acids in krill oil phospholipids. The United States is growing due to increasing awareness of krill oil's high omega-3 fatty acid and phospholipid content, particularly for fish oil alternatives.
Krill oil phospholipids sales in Germany is estimated to rise at a steady CAGR of 4.9% during the forecast period. Germany is expected hold share of 18.3% by 2034 globally
Germany's brands such as vitaword are coming up with products which contains two other key vital substances such as choline and astaxanthin which contributes to normal fat metabolism. Hence, Germany's market is dominated by key players offering various products, including softgel capsules, liquid formulations, and powders.
Demand for krill oil supplements in Germany is propelled by rising health consciousness, cardiovascular disease prevalence, and the aging population. The unique composition of krill oil, including phospholipids, is considered advantageous over traditional fish oil supplements, which primarily contain triglycerides.
Japan’s krill oil phospholipid marketplace is poised to showcase a CAGR of 5.9% all through the evaluation period. By 2034, the marketplace is expected to attain USD 6.2 million. Japan's has records of medicinal remedies, in the main natural, is attracting an growing old populace looking for durability and wellness.
This has caused a upward push in call for useful ingredients like omega-three fatty acids in krill oil phospholipids. Manufacturing tendencies encompass progressive product formulations, nice guarantee measures, and tailor-made advertising and marketing techniques to cater to consumers' specific choices and wishes in Japan.
Norway's krill oil phospholipid marketplace is projected to attain a valuation of USD 4.4 million by 2034. The marketplace is similarly set to surge at a CAGR of 8.6% among 2024 and 2034. Norway, a key producers in marine-derived components, is projected to dominate the krill oil phospholipid marketplace because of its strategic region close to Arctic waters for krill harvesting.
Consumption of phospholipids is about to surge in Norway because of developing end-use industries like nutritional supplements, useful foods, and nutraceuticals.
The table below highlights how the soft gel segment is projected to lead the market in terms of form and is anticipated to account for a share of 18.1% in 2024. Based on end-use applications, the dietary supplements segment is projected to account for a share of 26.6% in 2024.
| Segment | Market Share (2024) |
|---|---|
| Soft Gels (Form) | 18.1% |
| Dietary Supplements (End-use Application) | 26.6% |
Based on form, the soft gel category is estimated to secure a CAGR of 8.7% during the forecast period. The historical CAGR of soft gel krill oil phospholipids stood at 6.4%.
Soft gels are designed for easy consumption and are available in various colors, sizes, and shapes to suit consumer demographics. These temper-proof capsules are designed to maintain potency and quality, protecting them from moisture, light, and air.
With their user-friendly design and versatile applications, the soft gel segment is projected to remain popular among consumers seeking effective, hassle-free supplementation options. The segment is customizable to meet consumer preferences and cater to various lifestyles.
Based on end-use applications, demand for dietary supplements is set to remain high during the assessment period. The dietary supplements segment is projected to reach a valuation of USD 60.3 million in 2034.
Krill oil is a popular health supplement due to its benefits. Sourced from sustainable Antarctica fisheries, it is a highly sustainable marine resource primarily used for dietary supplements. Consumers are increasingly preferring natural ingredients in their daily health regimens due to growing healthy lifestyle trend.
The emergence of regional companies and increasing demand for krill oil phospholipids has made the market competitive. In addition, there is significant growth in the krill oil phospholipid market as several new players are entering the market.
Leading companies are adopting several growth strategies, such as mergers, partnerships, and acquisitions, to increase their market presence. Key manufacturers utilize creative marketing and technological developments to stay competitive in the market.
For instance
A Few Leading Companies
The market value is set to reach US$ 96.2 million in 2024.
Global krill oil phospholipids demand is anticipated to rise at a 7.0% CAGR.
The market size is set to reach US$ 188.6 million in 2034.
Softgel segment is set to lead the market by 2024.
Aker BioMarine, Neptune Wellness Solutions, and Rimfrost AS are the leading players.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Key Regulations and Policies
4. Value Chain Analysis
4.1. Operating margins at each node of the supply chain
4.2. List of Active Market Participants
5. Global Market - Pricing Analysis
5.1. Price Point Assessment by Region
5.1.1. Manufacturer-Level Pricing
5.1.2. Distributor Level Pricing
5.2. Price Point Assessment By Product
5.3. Price Forecast till 2034
6. Global Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Product Type, 2019 to 2023
7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034
7.3.1. Phosphatidylcholine (PCho)
7.3.2. Phosphatidylethanolamine (PE)
7.3.3. Others (Phosphatidylinositol, Phosphatidylserine)
7.4. Market Attractiveness Analysis By Product Type
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
8.1. Introduction / Key Findings
8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023
8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034
8.3.1. Liquid
8.3.2. Softgels
8.3.3. Capsules
8.3.4. Powders
8.4. Market Attractiveness Analysis By Form
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Application
9.1. Introduction / Key Findings
9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By End Use Application, 2019 to 2023
9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By End Use Application, 2024 to 2034
9.3.1. Nutraceuticals
9.3.2. Dietary Supplements
9.3.3. Pharmaceuticals
9.3.4. Functional Foods and Beverages
9.3.5. Cosmeceuticals
9.3.6. Animal Feed and Pet Nutrition
9.4. Market Attractiveness Analysis By End Use Application
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Introduction
10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023
10.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.2. By Product Type
11.3.3. By Form
11.3.4. By End Use Application
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Form
11.4.4. By End Use Application
11.5. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Argentina
12.3.1.4. Rest of Latin America
12.3.2. By Product Type
12.3.3. By Form
12.3.4. By End Use Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. Product Type
12.4.3. By Form
12.4.4. By End Use Application
12.5. Key Takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. United Kingdom
13.3.1.3. France
13.3.1.4. Italy
13.3.1.5. Spain
13.3.1.6. BENELUX
13.3.1.7. Nordic
13.3.1.8. Russia
13.3.1.9. Poland
13.3.1.10. Rest of Europe
13.3.2. By Product Type
13.3.3. By Form
13.3.4. By End Use Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Form
13.4.4. By End Use Application
13.5. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Product Type
14.3.3. By Form
14.3.4. By End Use Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Form
14.4.4. By End Use Application
14.5. Key Takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Malaysia
15.3.1.4. Indonesia
15.3.1.5. Singapore
15.3.1.6. Vietnam
15.3.1.7. Philippines
15.3.1.8. Rest of South Asia
15.3.2. By Product Type
15.3.3. By Form
15.3.4. By End Use Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Form
15.4.4. By End Use Application
15.5. Key Takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Product Type
16.3.3. By Form
16.3.4. By End Use Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Form
16.4.4. By End Use Application
16.5. Key Takeaways
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkiye
17.3.1.3. Egypt
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Product Type
17.3.3. By Form
17.3.4. By End Use Application
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Form
17.4.4. By End Use Application
17.5. Key Takeaways
18. Country-level Market Analysis, 2024
18.1. United States Market Analysis
18.1.1. By Product Type
18.1.2. By Form
18.1.3. By End Use Application
18.2. Canada Market Analysis
18.2.1. By Product Type
18.2.2. By Form
18.2.3. By End Use Application
18.3. Brazil Market Analysis
18.3.1. By Product Type
18.3.2. By Form
18.3.3. By End Use Application
18.4. Mexico Market Analysis
18.4.1. By Product Type
18.4.2. By Form
18.4.3. By End Use Application
18.5. Argentina Market Analysis
18.5.1. By Product Type
18.5.2. By Form
18.5.3. By End Use Application
18.6. Germany Market Analysis
18.6.1. By Product Type
18.6.2. By Form
18.6.3. By End Use Application
18.7. United Kingdom Market Analysis
18.7.1. By Product Type
18.7.2. By Form
18.7.3. By End Use Application
18.8. France Market Analysis
18.8.1. By Product Type
18.8.2. By Form
18.8.3. By End Use Application
18.9. Italy Market Analysis
18.9.1. By Product Type
18.9.2. By Form
18.9.3. By End Use Application
18.10. Spain Market Analysis
18.10.1. By Product Type
18.10.2. By Form
18.10.3. By End Use Application
18.11. Belgium Market Analysis
18.11.1. By Product Type
18.11.2. By Form
18.11.3. By End Use Application
18.12. Netherlands Market Analysis
18.12.1. By Product Type
18.12.2. By Form
18.12.3. By End Use Application
18.13. Nordic Market Analysis
18.13.1. By Product Type
18.13.2. By Form
18.13.3. By End Use Application
18.14. Russia Market Analysis
18.14.1. By Product Type
18.14.2. By Form
18.14.3. By End Use Application
18.15. Poland Market Analysis
18.15.1. By Product Type
18.15.2. By Form
18.15.3. By End Use Application
18.16. China Market Analysis
18.16.1. By Product Type
18.16.2. By Form
18.16.3. By End Use Application
18.17. Japan Market Analysis
18.17.1. By Product Type
18.17.2. By Form
18.17.3. By End Use Application
18.18. South Korea Market Analysis
18.18.1. By Product Type
18.18.2. By Form
18.18.3. By End Use Application
18.19. India Market Analysis
18.19.1. By Product Type
18.19.2. By Form
18.19.3. By End Use Application
18.20. Thailand Market Analysis
18.20.1. By Product Type
18.20.2. By Form
18.20.3. By End Use Application
18.21. Malaysia Market Analysis
18.21.1. By Product Type
18.21.2. By Form
18.21.3. By End Use Application
18.22. Vietnam Market Analysis
18.22.1. By Product Type
18.22.2. By Form
18.22.3. By End Use Application
18.23. Philippines Market Analysis
18.23.1. By Product Type
18.23.2. By Form
18.23.3. By End Use Application
18.24. Indonesia Market Analysis
18.24.1. By Product Type
18.24.2. By Form
18.24.3. By End Use Application
18.25. Singapore Market Analysis
18.25.1. By Product Type
18.25.2. By Form
18.25.3. By End Use Application
18.26. Australia Market Analysis
18.26.1. By Product Type
18.26.2. By Form
18.26.3. By End Use Application
18.27. New Zealand Market Analysis
18.27.1. By Product Type
18.27.2. By Form
18.27.3. By End Use Application
18.28. GCC Countries Market Analysis
18.28.1. By Product Type
18.28.2. By Form
18.28.3. By End Use Application
18.29. Turkiye Market Analysis
18.29.1. By Product Type
18.29.2. By Form
18.29.3. By End Use Application
18.30. Egypt Market Analysis
18.30.1. By Form
18.30.2. By End Use Application
18.31. South Africa Market Analysis
18.31.1. By Product Type
18.31.2. By Form
18.31.3. By End Use Application
19. Market Structure Analysis
19.1. Global Krill Oil Phospholipids Competition - a Dashboard View
19.2. Industry Structure Analysis
19.2.1. % tier 1 market players
19.2.2. % tier 2 market players
19.2.3. % tier 3 market players
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2023
19.3.2. Company Market Share Analysis of Top 5 Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Aker BioMarine (Norway)
20.3.1.1. Product Portfolio
20.3.1.2. Product Claim
20.3.1.3. Revenue by Market Segments (Product/ channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.1.6. SWOT Analysis
20.3.2. Neptune Wellness Solutions (Canada)
20.3.3. Rimfrost AS (Norway)
20.3.4. Enzymotec (Frutarom Health)
20.3.5. Adisseo SAS (France)
20.3.6. Biocorp Co. (Korea)
20.3.7. Other Players (On Additional Requests)
21. Assumptions and Acronyms Used
22. Research Methodology
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Krill Oil Phospholipid Market
