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 : Jun 2021
- Report Code : KSI061611745
- Pages : 110
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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 levels 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 affordable too.
DRIVERS
The budding trend towards health-conscious diets
Growing investments towards pet healthcare and diet
RESTRAINTS
The decline in the 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)
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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