Krill Oil Market: Industry Trends and Forecast Analysis (2021-2027) by Form, End-use, and Region.

The Krill Oil Market is expected to hold the largest market share of US$ 1681.61Million, with a CAGR of 10.8% over the forecast period (2021-2027), because of the growing uses of krill oil across various industries.

Krill Oil Market Overview:

Krill is a supplement that is gaining popularity in the market as a fish oil substitute. It's high in eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are omega fats found mostly in marine animals. Krill oil contains anti-inflammatory characteristics and aids in the reduction of arthritis and joint discomfort, among other things. Krill oil contains lipids that are easier for the body to absorb into the bloodstream. Krill oil usage can also improve blood flow and lower the risk of heart disease. Krill Oil Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.

Krill Oil Market Dynamics:

In the coming years, the krill oil market is expected to rise by double digits. The growing uses of krill oil across various industries are to a considerable part responsible for the market's rise. The demand for krill oil is likely to rise in the medicines and functional food & beverage areas. The krill oil market is expected to benefit from growing demand for sports supplements, as well as increased knowledge regarding gastrointestinal health. Furthermore, the market is expected to benefit from expanding pet ownership and pet owners' rising purchasing power, which makes them more eager to spend on pet food containing krill oil. The development of early ageing and a sedentary lifestyle have been key factors in raising awareness among people to adopt a healthy lifestyle in recent years, and the onset of early ageing and a sedentary lifestyle have been major factors in raising awareness among people to adopt a healthy lifestyle. Supplements have proven to be extremely beneficial in providing the body with the nutrition it requires. Krill oil is a key component of many people's healthy lifestyle plans since it contains essential omega-3 fatty acids. Aker BioMarine, a krill harvester and processor based in Norway, recently appointed new research and development directors. In the human health and nutrition department. The importance of krill oil for athletic performance, metabolic syndrome, cardiovascular and cognitive health will be highlighted. In several regions of Europe, particularly Germany, there has been a noticeable increase in awareness of fatty acid insufficiency. Consumers appear to be inclining toward healthy dietary supplements like krill oil, which is high in fatty acids. Veganism is gaining traction in several European nations, and fish consumption has decreased significantly, resulting in low Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA) levels in many people (EPA). The main difficulty that vendors in the krill oil industry challenge is that the product is expensive, and the target customers are still hesitant to buy it, resulting in a smaller market. Furthermore, there is evidence of adulteration in krill oil, which is being investigated by agencies such as the Food and Drug Administration (FDA). This is expected to have an impact on the krill oil business, as the product will be subject to strict controls. However, the number of consumers choosing the product is steadily increasing, and suppliers are establishing a transparent supply chain to ensure that buyers receive the purest product possible.

Krill Oil Market Segmentation:

The krill oil market is segmented into form, end-use, and region. Based On the form Segment: The krill oil market is segmented into Liquid, Capsules, Soft gels. Among these, the softgels segment is expected to hold the largest market share of 39% with a CAGR of XX% during the forecast period. In compared to liquid krill oil, softgels are favoured by consumers because they have no odour and have fewer negative effects. Over the forecast period, the strong presence of gelatin production units, together with the rising demand for nutraceutical products, is expected to open new doors all over the globe.

Krill Oil Market Regional Insights:

Europe held the largest market share of 40% and is expected to grow with a CAGR of XX% during the forecast period (2021-2027). This is mainly because of increasing product consumption, particularly in the form of dietary supplements, on account of rising aging population, mainly in emerged countries such as Germany, France, Netherlands, and U.K., is expected to drive the krill oil market. North America held the market share of over 23.5% of the global market in 2019. This is mainly because of Supplement and functional foods, infant formulas, and pharmaceuticals are some of the major application segments in the North America. Rising consumer inclination toward fitness in the U.S., Canada, and Mexico is expected to drive product demand in functional food & beverage application. Also, growing health benefits and the introduction of new product forms of dietary supplements are further expected to fuel the demand for krill oil in North America over the estimated period (2021-2027). By 2027, the market in the United States is expected to reach USD 102.6 million. This growth is attributed to the rising use of upgraded medication to prevent and treat chronic diseases is expected to drive up total demand for omega-3. The krill oil market is highly consolidated, with only a few global companies. Big players like Aker Biomarine, Neptune Wellness Solutions, and Rimfrost AS holds the majority of the market. The regional markets are dominated by these important firms. The Asia Pacific is expected to hold the largest market share of XX% with a CAGR of XX% during the estimated period (2021-2027). Thanks to the rising demand for omega 3 in Asia Pacific countries such as China, India, Singapore, South Korea, Australia, and Japan is boosting its rise. Furthermore, the increasing production of krill fish in the South China Sea and the Indian Ocean is expected to force the Asia Pacific market forward in the future. The market is expected to be driven by increased use of krill oil in the pharmaceutical industry, as well as increased R&D efforts. Furthermore, demand for krill oil-based pharmaceutical products in the Asia-Pacific is expected to rise over the forecast period, due to rising demand for enhanced medication and the need to extend the life expectancy of the ageing population. Krill Oil Market by Regional The objective of the report is to present a comprehensive analysis of the global Krill Oil to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Krill Oil dynamics, structure by analyzing the market segments and project the Krill Oil size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Krill Oil make the report investor’s guide.

Krill Oil Market Scope: Inquire before buying

Krill Oil Market by Scope

Krill Oil Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Krill Oil Market Key Players

• Neptune Biotech Pvt. Ltd. • Aker BioMarine AS • Enzymotec Ltd • Fuji Chemicals • Krill CanadaRimfrost • Norwegian Fish Oil • Darduck Frd • Olympic Seafood AS (RIMFROST AS) • Quingdao Kangjing Marine Biotechnology Co. Ltd. • Coastside Bio Resources • Ergomax B.V. • NutriGold Inc. • NWC Naturals Inc. • Nutracode LLC • Schiff Nutrition International Inc. • Others

Frequently Asked Questions:

1. What was the market size of Krill Oil Market in 2020? Ans: The global market was worth US $ 820.25Million in 2020. 2. What is the growth rate of the Krill Oil Market? Ans: The Krill Oil Market is growing at a CAGR of 10.8% during the forecasting period 2021-2027. 3. What segments are covered in Krill Oil market? Ans: Krill Oil Market is segmented into form, end-use, and region. 4. Who are the key players in Krill Oil market? Ans: The important key players in the Krill Oil Market are - Neptune Biotech Pvt. Ltd., Aker BioMarine AS, Enzymotec Ltd, Fuji Chemicals, Krill Canada, Rimfrost, Norwegian Fish Oil, Darduck Frd, Olympic Seafood AS (RIMFROST AS), Quingdao Kangjing Marine Biotechnology Co. Ltd., Coastside Bio Resources, Ergomax B.V., NutriGold Inc., NWC Naturals Inc., Nutracode LLC, and Schiff Nutrition International Inc. 5. What is the study period of this market? Ans: The Krill Oil Market is studied from 2020 to 2027.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Krill Oil Market Size, by Market Value (US$ Million) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Krill Oil Market 3.4. Geographical Snapshot of the Krill Oil Market, By Manufacturer share 4. Krill Oil Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Krill Oil Market 5. Supply Side and Demand Side Indicators 6. Krill Oil Market Analysis and Forecast, 2020-2027 6.1. Krill Oil Market Size & Y-o-Y Growth Analysis. 7. Krill Oil Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 7.1.1. Liquid 7.1.2. Capsules 7.1.3. Soft gels 7.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 7.2.1. Dietary Supplements 7.2.2. Functional Food & Beverages 7.2.3. Pharmaceuticals 7.2.4. Pet Food and Animal Feeds 7.2.5. Others (Infant Formula) 8. Krill Oil Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Krill Oil Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 9.1.1. Liquid 9.1.2. Capsules 9.1.3. Soft gels 9.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 9.2.1. Dietary Supplements 9.2.2. Functional Food & Beverages 9.2.3. Pharmaceuticals 9.2.4. Pet Food and Animal Feeds 9.2.5. Others (Infant Formula) 10. North America Krill Oil Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Krill Oil Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 12. Canada Krill Oil Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 13. Mexico Krill Oil Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 14. Europe Krill Oil Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 15. Europe Krill Oil Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Krill Oil Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 17. France Krill Oil Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 18. Germany Krill Oil Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 19. Italy Krill Oil Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 20. Spain Krill Oil Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 21. Sweden Krill Oil Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 22. CIS Countries Krill Oil Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 23. Rest of Europe Krill Oil Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 24. Asia Pacific Krill Oil Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 25. Asia Pacific Krill Oil Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Krill Oil Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 27. India Krill Oil Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 28. Japan Krill Oil Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 29. South Korea Krill Oil Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 30. Australia Krill Oil Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 31. ASEAN Krill Oil Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 32. Rest of Asia Pacific Krill Oil Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 33. Middle East Africa Krill Oil Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 34. Middle East Africa Krill Oil Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Krill Oil Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 36. GCC Countries Krill Oil Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 37. Egypt Krill Oil Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 38. Nigeria Krill Oil Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 39. Rest of ME&A Krill Oil Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 40. South America Krill Oil Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 41. South America Krill Oil Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Krill Oil Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 43. Argentina Krill Oil Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 44. Rest of South America Krill Oil Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Form, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By End-use, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Krill Oil Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Neptune Biotech Pvt. Ltd. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Aker BioMarine AS 45.3.3. Enzymotec Ltd 45.3.4. Fuji Chemicals 45.3.5. Krill Canada 45.3.6. Rimfrost 45.3.7. Norwegian Fish Oil 45.3.8. Darduck Frd 45.3.9. Olympic Seafood AS (RIMFROST AS) 45.3.10. Quingdao Kangjing Marine Biotechnology Co. Ltd. 45.3.11. Coastside Bio Resources 45.3.12. Ergomax B.V. 45.3.13. NutriGold Inc. 45.3.14. NWC Naturals Inc. 45.3.15. Nutracode LLC 45.3.16. Schiff Nutrition International Inc. 46. Primary Key Insight.

About This Report

Report ID124141
Category Food & Beverages
Published DateOct 2021
Updated Date
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