Category

Krill Oil Market Size, Share, Opportunities 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: Mar 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).

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

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