Global Krill Oil Market Research Report: Forecast (2024-2030)

Krill Oil Market- By Form (Liquid, Capsule, Soft gels), By Application (Dietary Supplements, Fortified Food & Beverages, Pharmaceuticals, Animal Feed, Others), By Distribution Chan......nel (Offline, Online), and others Read more

  • Healthcare
  • Jan 2024
  • 204
  • PDF, Excel, PPT

Market Definition

Krill oil is a type of oil extracted from krill, which are tiny shrimp-like marine crustaceans. They are small, floating crustaceans found mostly in the Antarctic & North Pacific oceans. They are a primary source of food for many marine animals, including whales, seals, penguins, and fish. This oil is marketed as a dietary supplement & comes in capsule form. It is marketed as an alternative to fish oil supplements, with potentially improved absorption due to the phospholipid form of omega-3s found in it.

Market Insights & Analysis: Global Krill Oil Market (2024-30):

The Global Krill Oil Market size was valued at USD 812 million in 2023 and is estimated to grow at a CAGR of around 10.21% during the forecast period, i.e., 2024-30. The market is experiencing growth & expansion, driven by various factors such as the booming food & beverages industry, heightened demand for krill oil in the medical & healthcare sector, increased consumer awareness regarding high-quality nutritional feed products, a surge in demand for food supplements, and the rise in disposable income.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 10.21%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled Aker Bio Marine, Enzymotec USA Inc., Omega Protein, Rimfrost AS, Schiff Nutrition International Inc., Norwegian Fish Oil AS, Nutri Gold Inc., Ergomax, Qingdao Kangjing Marine Biotechnology Co. Ltd, NWC Natural Inc., Nutracode, Krill Canada Corporation, Superbakerill, and Others
Market Value (2023) USD 812 Million

 

Krill oil is known for offering diverse health benefits, including cholesterol level reduction, inflammation reduction in injured areas, blood platelet creation, enhanced immunity, improved gut functioning, and metabolic activity improvement. It also contributes to reducing fat deposits in the body. Furthermore, the rising demand for high-quality nutrition and protein-rich foods, increased awareness of the health benefits of krill oil, changing lifestyles, the expanding feed industry in developing economies, and consumer preferences for omega-3-rich products are some of the major aspects pushing market growth.

Additionally, supplemented R&D investments, rising applications in infant formula, and a growing aging population confronted with chronic diseases such as cancer & cardiovascular disease also aid in assisting the industry's expansion. Besides, the unwillingness of some people to use fish-based products such as fish oil, combined with a preference for healthy food supplements, contributes to the market's growth.

Further, the global population's rising avoidance of fish consumption, particularly in regions like Europe, where people may lack essential fatty acids like Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA), is a significant driving factor. Also, the usage of krill oil in the sports nutrition sector is a noteworthy aspect pushing the Krill Oil Market growth in the coming years.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Krill Oil Market Trends & Insights
  5. Global Krill Oil Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Krill Oil Market Policies & Regulations
  7. Global Krill Oil Market Hotspot & Opportunities
  8. Global Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form
        1. Liquid-Market Size & Forecast 2019-2030F, USD Million
        2. Capsule- Market Size & Forecast 2019-2030F, USD Million
        3. Soft gels- Market Size & Forecast 2019-2030F, USD Million
      2. By Application
        1. Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million
        2. Fortified Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
        3. Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million
        4. Animal Feed- Market Size & Forecast 2019-2030F, USD Million
        5. Others- Market Size & Forecast 2019-2030F, USD Million
      3. By Distribution Channel
        1. Offline- Market Size & Forecast 2019-2030F, USD Million
          1. Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
          2. Drug Stores & Pharmacies- Market Size & Forecast 2019-2030F, USD Million
        2. Online- Market Size & Forecast 2019-2030F, USD Million
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  9. North America Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis      
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030F, USD Million
      3. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Canada Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. Mexico Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  10. South America Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
  11. Market Share & Analysis
    1. By Form- Market Size & Forecast 2019-2030, USD Million
    2. By Application- Market Size & Forecast 2019-2030F, USD Million
    3. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
    4. By Country
      1. Brazil
      2. Argentina
      3. Rest of South America
  12. Brazil Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form - Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
  13. Argentina Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form - Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
  14. Europe Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030F, USD Million
      3. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Germany Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. France Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. Italy Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    7. Spain Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  15. The Middle East & Africa Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030F, USD Million
      3. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
      4.  By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Egypt
        5. Rest of the Middle East & Africa
    3. The UAE Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Saudi Arabia Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. South Africa Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. Egypt Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  16. Asia-Pacific Krill Oil Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030F, USD Million
      3. By Distribution Channel- Market Size & Forecast 2019-2030F, USD Million
      4. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Southeast Asia
        7. Rest of Asia-Pacific
    3. China Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Japan Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. India Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. South Korea Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    7. Australia Krill Oil Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form - Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  17. Global Krill Oil Market Strategic Imperatives for Success & Growth
  18. Competitive Outlook
    1. Company Profiles 
      1.  Aker Bio Marine
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Enzymotec USA Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Omega Protein
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Rimfrost AS
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Schiff Nutrition International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Norwegian Fish Oil AS
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Nutri Gold Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Ergomax
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      9. Qingdao Kangjing Marine Biotechnology Co. Ltd.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      10. NWC Natural Inc.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      11. Nutracode
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      12. Krill Canada Corporation
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      13. Superbakerill
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      14. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

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