Market Overview:
The global krill oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the rising awareness about the benefits of krill oil, increasing demand for omega-3 supplements, and growing trend of healthy eating. Krill oil is extracted from Antarctic krill, a small crustacean that lives in cold waters near the poles. Krill oil is high in omega-3 fatty acids and contains antioxidants that are beneficial for health. It has been found to improve heart health, reduce inflammation, and improve cognitive function. The global krill oil market can be segmented by type into tablet and liquid krill oil. The market can also be segmented by application into kids, adults, and senior citizens. Regionally, the global krill oil market can be divided into North America, Latin America Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
Krill oil is a type of fish oil that comes from small crustaceans called krill. Krill oil is rich in omega-3 fatty acids, antioxidants, and vitamins A and E. It has been shown to be effective in reducing inflammation and pain, improving heart health, and protecting against age-related diseases.
Krill Oil Tablet:
Krill oil is a type of omega-3 fatty acid supplement derived from the body of aquatic animals, mainly Antarctic krill. The product contains Docosahexaenoic Acid (DHA), which is essential for brain development and nerve signaling. Krill oil also contains eicosapentaenoic acid (EPA), which helps in reducing depression, blood pressure, coronary heart diseases along with other inflammatory processes in the body.
Liquid Krill Oil:
Liquid krill oil is a type of omega-3 fatty acid supplement derived from the body of the Antarctic krill. The product contains Docosahexaenoic Acid (DHA), which is an essential part of cell membranes and helps in maintaining brain health, heart function, visual acuity, infant development and more.
Application Insights:
The application segment includes kids, adults and senior citizens. Among these, the kids segment held the largest share of around 60% in 2017. The growing popularity of online health stores is one of the major factors driving this growth as consumers are increasingly opting for natural products for their health concerns. Moreover, rising awareness regarding various benefits associated with krill oil such as improved vision and brain function among others is expected to drive demand over the forecast period.
Krill oil has been traditionally used in Europe and North America to treat skin conditions like eczema due to its high content in ¢â‚¬Å“linolenic acid (LNA) which has anti-inflammatory properties soothing irritation caused by allergic reactions on skin¢â‚¬ according to a study published by NCBI researchers in 2015.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rising product demand as a dietary supplement and food additive. Increasing health awareness among consumers, along with rising disposable income levels, is anticipated to fuel krill oil market growth in this region. Moreover, growing consumer preference for natural products owing to increasing concerns regarding side effects caused by synthetic additives is expected drive regional demand for krill oil tablets and oils over the forecast period.
North America accounted for a major share of revenue in 2017 on account of high consumer awareness coupled with easy access of quality products due to presence of key manufacturers such as Cargill Inc., Omega Protein Corporation and BioProcess Algae LLC in U.S.
Growth Factors:
- Increasing awareness about the health benefits of krill oil is expected to drive its demand in the coming years.
- Rising prevalence of lifestyle diseases such as obesity, heart disease, and diabetes is anticipated to boost the use of krill oil as a dietary supplement.
- Growing popularity of omega-3 supplements among pregnant women and children is projected to propel the growth of the krill oil market in near future.
- Rising disposable income coupled with increasing expenditure on health & wellness products is likely to fuel demand for krill oil over the forecast period.
- . Technological advancements in extraction and purification processes are expected to provide impetus to market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Krill Oil Market Research Report
By Type
Krill Oil Tablet, Liquid Krill Oil
By Application
Kids, Adults, Senior Citizens
By Companies
Aker BioMarine, Enzymotec, Omega Protein, Reckitt Benckiser, Rimfrost, Allinon Pharma, Health Natura, NHS Labs, Norway Omega, Nutrifynn Caps, Aker BioMarine, Savant Distribution, Viva Naturals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Krill Oil Market Report Segments:
The global Krill Oil market is segmented on the basis of:
Types
Krill Oil Tablet, Liquid Krill Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Kids, Adults, Senior Citizens
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aker BioMarine
- Enzymotec
- Omega Protein
- Reckitt Benckiser
- Rimfrost
- Allinon Pharma
- Health Natura
- NHS Labs
- Norway Omega
- Nutrifynn Caps
- Aker BioMarine
- Savant Distribution
- Viva Naturals
Highlights of The Krill Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Krill Oil Tablet
- Liquid Krill Oil
- By Application:
- Kids
- Adults
- Senior Citizens
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Krill Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Krill oil is a type of fish oil that comes from the small, shrimplike creatures called krill. Krill are found in all the world's oceans and can be harvested from wild or farmed sources.
Some of the major players in the krill oil market are Aker BioMarine, Enzymotec, Omega Protein, Reckitt Benckiser, Rimfrost, Allinon Pharma, Health Natura, NHS Labs, Norway Omega, Nutrifynn Caps, Aker BioMarine, Savant Distribution, Viva Naturals.
The krill oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Krill Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Krill Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Krill Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Krill Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Krill Oil Market Size & Forecast, 2018-2028
4.5.1 Krill Oil Market Size and Y-o-Y Growth
4.5.2 Krill Oil Market Absolute $ Opportunity
Chapter 5 Global Krill Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Krill Oil Market Size Forecast by Type
5.2.1 Krill Oil Tablet
5.2.2 Liquid Krill Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Krill Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Krill Oil Market Size Forecast by Applications
6.2.1 Kids
6.2.2 Adults
6.2.3 Senior Citizens
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Krill Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Krill Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Krill Oil Analysis and Forecast
9.1 Introduction
9.2 North America Krill Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Krill Oil Market Size Forecast by Type
9.6.1 Krill Oil Tablet
9.6.2 Liquid Krill Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Krill Oil Market Size Forecast by Applications
9.10.1 Kids
9.10.2 Adults
9.10.3 Senior Citizens
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Krill Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Krill Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Krill Oil Market Size Forecast by Type
10.6.1 Krill Oil Tablet
10.6.2 Liquid Krill Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Krill Oil Market Size Forecast by Applications
10.10.1 Kids
10.10.2 Adults
10.10.3 Senior Citizens
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Krill Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Krill Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Krill Oil Market Size Forecast by Type
11.6.1 Krill Oil Tablet
11.6.2 Liquid Krill Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Krill Oil Market Size Forecast by Applications
11.10.1 Kids
11.10.2 Adults
11.10.3 Senior Citizens
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Krill Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Krill Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Krill Oil Market Size Forecast by Type
12.6.1 Krill Oil Tablet
12.6.2 Liquid Krill Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Krill Oil Market Size Forecast by Applications
12.10.1 Kids
12.10.2 Adults
12.10.3 Senior Citizens
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Krill Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Krill Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Krill Oil Market Size Forecast by Type
13.6.1 Krill Oil Tablet
13.6.2 Liquid Krill Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Krill Oil Market Size Forecast by Applications
13.10.1 Kids
13.10.2 Adults
13.10.3 Senior Citizens
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Krill Oil Market: Competitive Dashboard
14.2 Global Krill Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aker BioMarine
14.3.2 Enzymotec
14.3.3 Omega Protein
14.3.4 Reckitt Benckiser
14.3.5 Rimfrost
14.3.6 Allinon Pharma
14.3.7 Health Natura
14.3.8 NHS Labs
14.3.9 Norway Omega
14.3.10 Nutrifynn Caps
14.3.11 Aker BioMarine
14.3.12 Savant Distribution
14.3.13 Viva Naturals
