The global krill oil phospholipid market size is calculated at USD 97 million in 2024 and is predicted to reach around USD 192.60 million by 2034, expanding at a CAGR of 7.1% from 2024 to 2034.
Krill oil phospholipid finds application in nutraceuticals, dietary supplements, pharmaceuticals, functional foods and beverages, cosmeceuticals, and animal feed and pet nutrition. With the rising focus on health and wellness among individuals, there is a high consumption of dietary supplements, including krill oil. Moreover, the growing awareness of the importance of having fatty acids in a regular diet drives the growth of the market. Krill oil phospholipid, a sustainable source of omega-3 fatty acids, has several health benefits. It promotes cardiovascular, brain, and joint health.
The rising demand for krill oil in the cosmetic industry is expected to boost market growth. It serves as an active ingredient for skin protection and rejuvenation. Thus, it is widely used in cosmeceuticals. The rising prevalence of chronic diseases among the geriatric population is also likely to contribute to market expansion. In addition, krill oil phospholipid is used in animal supplements. As pet owners are becoming more aware of pet health and wellness, the adoption of pet supplements and nutraceuticals is increasing, which significantly fuels the growth of the market.
Published by Vidyesh Swar
