Krill Oil Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Form (Liquid, Capsules, Soft Gels), By Application (Dietary Supplements, Functional Food And Beverages, Animal And Pet Food), By Distribution Channel (Online, Offline), And Geography - Forecasts From 2019 To 2024

Published:  May 2020 Report Code: KSI061611745 Pages: 110

The krill oil market is projected to grow at a CAGR of 13.33% to reach a market size of US$580.716 million in 2024, from US$274.045 million in 2018. Krill oil is obtained from Antarctic krill. In Norwegian, krill means whale food. The growing demand for dietary supplements and functional foods is emanating the demand for the growth of the global krill oil market. Also, the health benefits of krill oil including prevention of heart diseases, high level of blood fats, high cholesterol and premenstrual syndrome (PMS) and painful menstrual cramps among others will drive the market growth in the forecast period and beyond. However, the high cost of krill oil might hamper the market growth as the customers would go for other options such as nutraceuticals and dietary supplements which are easily available and are affordable too.

DRIVERS
Budding trend towards health-conscious diets
Growing investments towards pet healthcare and diet

RESTRAINTS
Decline in krill population
Availability of substitutes

INDUSTRY UPDATE
In May 2019, Nuwellix, a brand under Del Mar Naturals, announced their new all natural product Krill Oil, with Omega 3 EPA, DHA, and Astaxanthin, and is available for purchase on the Amazon Store.

The major players profiled in the Krill Oil market include AKER BIOMARINE, Enzymotec Ltd., Omega Protein Corporation, Reckitt Benckiser Group plc., MediTrim (Allinon Pharma Pte Ltd.), NORWAY OMEGA LTD., NutriStart Vitamin Company, NOW Health Group, Inc., AMRAP Nutrition LLC, and RIMFROST (Olympic Group).

Krill Oil Market Scope:

Report Metric Details
 Market size value in 2018  US$274.045 million
 Market size value in 2024  US$580.716 million
 Growth Rate  CAGR of 13.33% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Product Form, Application, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  AKER BIOMARINE, Enzymotec Ltd., Omega Protein Corporation, Reckitt Benckiser   Group plc., MediTrim (Allinon Pharma Pte Ltd), NORWAY OMEGA LTD, NutriStart   Vitamin Company, NOW Health Group, Inc., AMRAP Nutrition. LLC, RIMFROST   (Olympic Group)
 Customization scope  Free report customization with purchase

Segmentation

The krill oil market has been analyzed through the following segments:

By Product Form
Liquid
Capsules
Soft Gels

By Application
Dietary Supplements
Functional Food and Beverages
Animal and Pet Food

By Distribution Channel
Online
Offline

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What will be the krill oil market size by 2024?
A1. The krill oil market is projected to reach a total market size of US$580.716 million by 2024.
 
Q2. What are the growth prospects for krill oil market?
A2. The global krill oil market is projected to grow at a CAGR of 13.33% over the forecast period.
 
Q3. What is the size of global krill oil market?
A3. Krill Oil market was valued at US$274.045 million in 2018.
 
Q4. Who are the major players in the global krill oil market?
A4. The major players profiled in the Krill Oil market include AKER BIOMARINE, Enzymotec Ltd., Omega Protein Corporation, Reckitt Benckiser Group plc., MediTrim (Allinon Pharma Pte Ltd.), NORWAY OMEGA LTD., NutriStart Vitamin Company, NOW Health Group, Inc., AMRAP Nutrition LLC, and RIMFROST (Olympic Group).
 
Q5. What factors are anticipated to drive the krill oil market growth?
A5. The growing demand for dietary supplements and functional foods is emanating the demand for the growth of the global krill oil market.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. KRILL OIL MARKET BY PRODUCT FORM
5.1. Liquid
5.2. Capsules
5.3. Soft Gels
6. KRILL OIL MARKET BY APPLICATION
6.1. Dietary Supplements
6.2. Functional Food and Beverages
6.3. Animal and Pet Food
7. KRILL OIL MARKET BY DISTRIBUTION CHANNEL
7.1. Online
7.2. Offline
8. KRILL OIL MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. AKER BIOMARINE
10.2. Enzymotec Ltd.
10.3. Omega Protein Corporation
10.4. Reckitt Benckiser Group plc.
10.5. MediTrim (Allinon Pharma Pte Ltd)
10.6. NORWAY OMEGA LTD
10.7. NutriStart Vitamin Company
10.8. NOW Health Group, Inc.
10.9. AMRAP Nutrition. LLC
10.10. RIMFROST (Olympic Group)
LIST OF FIGURES
LIST OF TABLES

AKER BIOMARINE
Enzymotec Ltd.
Omega Protein Corporation
Reckitt Benckiser Group plc.
MediTrim (Allinon Pharma Pte Ltd)
NORWAY OMEGA LTD
NutriStart Vitamin Company
NOW Health Group, Inc.
AMRAP Nutrition. LLC
RIMFROST (Olympic Group)

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