Marine Nutraceutical Market Outlook: Opportunities and Challenges

According to the latest analysis, the global marine nutraceutical market value is projected to increase from USD 3,965.4 million in 2024 to USD 9,606.7 million by 2034. Over the next decade, global marine nutraceutical demand will likely rise at a CAGR of 9.3%.

Multiple factors are expected to stimulate growth of the marine nutraceutical industry during the assessment period. These include:

Growing awareness about the potential health benefits of marine nutraceuticals
Increasing demand for functional foods containing marine ingredients
Rising interest in preventive healthcare
Growing geriatric population and expanding usage of marine nutraceuticals in cosmetic and personal care products
Growing internationalization, development of innovative products, and spreading awareness about the merits of marine nutraceuticals

With growing health and wellness awareness, consumers are seeking functional foods that offer additional health benefits beyond basic nutrition. This is expected to drive demand for marine nutraceuticals during the forecast period.

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Marine ecosystem provides an extensive range of bioactive compounds like vitamins, minerals, proteins, peptides, carotenoids, collagens, amino acids, and probiotics. These compounds have numerous claims in probiotics-fortified foods, protein supplements.

Marine nutraceuticals combine the nutritional benefits of marine ingredients with specific bioactive compounds. They have drawn attention for their potential to support a variety of health conditions, including heart health, cognitive performance, and mental wellness.

Marine nutraceuticals are becoming highly popular across industries like food & beverages. This is because these players recognize marine-based compounds' potential to meet consumer demands for natural and effective solutions.

Growing scientific studies support the effectiveness and safety of marine bioactive compounds derived from marine sources. Industry players are utilizing this scientific information to create novel products with proven health benefits.

For instance, in 2021, Rousselot introduced Marine collagen peptides named Peptan® sourced from 100% wild-caught marine white fish. Development of such novel products will likely foster market growth during the assessment period.

Key Takeaways from the Marine Nutraceutical Market Report:

The global marine nutraceutical marketis expected to total US$ 9,606.70 million by 2034.
Based on active compounds, the fatty acid segment is set to reach a valuation of US$ 4,150.0 million by 2034.
By product type, functional foods segment will likely exhibit a 6% CAGR through 2034.
North America is projected to account for a global market share of 8% by 2034.
Revenue in the United States is projected to total US$ 2,545.1 million by 2034.
India will likely register a CAGR of 5% from 2024 to 2034.

"Exploration of possible pharmaceuticals and nutraceuticals from marine resources is receiving substantial attention. Marine-based nutraceuticals are gaining popularity due to their distinctive qualities, which are lacking in terrestrial resources." - says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Nestle S.A., Rousselot, Aditivos Group (KEMTIA), GFR Pharma, Amway Corp., General Mills Inc, Standard Functional Foods Group Inc., Abbott Laboratories, Roquette Kloetze, AlgaNovo International Co., Ltd, Yigeda Bio-Technology Co., Ltd, EID Parry, BASF, Natural Beta Technologies, Cyanotech, Mera Pharma, BioReal, and others are key marine nutraceutical manufacturers listed in the report.

These companies are focusing on expanding their portfolios by introducing new products. They also use sustainable sourcing practices as well as employ strategies like facility expansions, advertisements, mergers, collaborations, partnerships, and acquisitions to stay relevant in the market. For instance,

In 2023, Amway introduced a new range of Nutrilite Advanced Omega and Nutrilite Omega sourced from sustainable fish oil.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global marine nutraceutical market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2034.

The study incorporates compelling insights on the marine nutraceutical industry based on active compounds (fatty acids, vitamins, minerals, carotenoids and marine collagen), product type (functional foods, probiotics fortified foods, omega fatty acid fortified foods, functional beverages, energy drinks, health drinks, fortified juices, protein supplements, vitamins and minerals, herbal supplements), form (capsules, liquids, tablets, powder, and granules), and sales channel (indirect sales/B2C, pharmacies/drugstores, modern trade channels, and online retailing) across various regions.

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Marine Nutraceutical Market Segmentation

By Active Compounds:

Fatty Acids
Omega 3
Omega 6
Amino Acid
Arginine
Histidine
Isoleucine
Methionine
Others (Threonine, Phenylalanine, Valine, Tyrosine, etc)
Vitamins
Vitamin A
Vitamin D
Vitamin B Complex
Minerals
Iron
Zinc
Calcium
Iodine
Carotenoids
Marine Collagen

By Product Type:

Functional Foods
Probiotics Fortified Foods
Omega fatty acid fortified foods
Functional Beverages
Energy Drinks
Health Drinks
Fortified Juices
Protein Supplements
Vitamins and Minerals
Herbal Supplements

By Form:

Capsules
Liquids
Tablets
Powder & Granule

By Sales Channel:

On Direct Sales/B2B
Indirect Sales/B2C
Pharmacies/Drugstores
Modern Trade Channel
Online Retailing
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Explore FMI's related ongoing Coverage in Food and Beverage Domain:

Nutraceuticals Market: https://www.futuremarketinsights.com/reports/nutraceuticals-market

Nutraceutical Ingredients Market: https://www.futuremarketinsights.com/reports/nutraceutical-ingredients-market

Nutraceutical Excipients Industry: https://www.futuremarketinsights.com/reports/nutraceutical-excipients-market

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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.

This release was published on openPR.