The global krill oil phospholipid market is estimated to reach US$ 96.2 million by 2024 and US$ 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) | US$ 96.2 million |
| Krill Oil Phospholipid Market Value (2034F) | US$ 188.6 million |
| Value-based CAGR (2024 to 2034) | 7.0% |
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Krill oils phospholipids offer 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.
Development in the formulation and delivery systems has led to the creation of novel encapsulation methods, such as liposomal and nanoemulsions, which mark targeted delivery systems to enhance supplement absorption. These improvements are set to increase supplement consumption and demand for krill oils phospholipids.
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 manufacturers 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 Analysis |
|---|---|
| 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 | Global Krill Oil Market Outlook |
|---|---|
| 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 Industry 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 US$ 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 demand in Germany is anticipated to rise at a steady CAGR of 4.9% during the forecast period. By 2034, it is set to hold a market share of 18.3%.
Germany's health-conscious population and established healthcare network make it a significant dietary supplement and natural health product market. 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 market is poised to exhibit a CAGR of 5.9% during the assessment period. By 2034, the market is estimated to reach US$ 6.2 million.
Japan's long history of medicinal remedies, primarily natural, is attracting an aging population seeking longevity and wellness. This has led to a rise in demand for functional ingredients like omega-3 fatty acids in krill oil phospholipids.
Manufacturing trends include innovative product formulations, quality assurance measures, and tailored marketing strategies to cater to consumers' unique preferences and needs in Japan.
Norway's krill oil phospholipid market is projected to reach a valuation of US$ 4.4 million by 2034. The market is further set to surge at a CAGR of 8.6% between 2024 and 2034.
Norway, a leader in marine-derived ingredients, is projected to dominate the krill oil phospholipid market due to its strategic location near Arctic waters for krill harvesting. Consumption of phospholipids is set to surge in Norway due to growing end-use industries like dietary supplements, functional 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 US$ 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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