Market Overview

The Global Krill Oil Market was valued at USD 1,042.5 million in 2023 and is expected to reach USD 2,350.9 million by 2031 while growing at a CAGR of 10.7% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global krill oil market growth. Krill oil, extracted from shrimp-like crustaceans known as krill, comes from small marine animals that belong to the zooplankton family. They serve as a primary food source for marine organisms such as whales, seals, and fish.

Increasing demand for krill oil, driven by its rich source of Omega-3 fatty acids and high bioavailability, propels market growth. However, obstacles such as price sensitivity and sustainability concerns may impede the expansion of the market.

Furthermore, the global krill oil industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Form Analysis

The Global Krill Oil Market is segmented among Liquid, and Tablet, based on Form. In 2023, Liquid accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Krill Oil Market is segmented among Dietary Supplements, Pharmaceuticals, Pet Food and Animal Food, and Functional Food and Beverages, based on Material Type. In 2023, Dietary Supplements accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Krill Oil Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Aker BioMarine, Coastside Bio Resources, Enzymotec Ltd, Neptune Wellness Solutions Inc., RIMFROST AS, NutriGold Inc., NWC Naturals Inc., Qingdao Kangjing Marine Biotechnology Co., Ltd, RB LLC, and Olympic Seafood AS.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Krill Oil Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Krill Oil Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Krill Oil Market Segmentation, By Form

• Global Krill Oil Market Share Analysis, By Form

• Global Krill Oil Market Growth Analysis, By Form

• Global Krill Oil Market Trends, By Form

o Liquid

o Tablet

6. Global Krill Oil Market Segmentation, By Application

• Global Krill Oil Market Share Analysis, By Application

• Global Krill Oil Market Growth Analysis, By Application

• Global Krill Oil Market Trends, By Application

o Dietary Supplements

o Pharmaceuticals

o Pet Food and Animal Food

o Functional Food and Beverages

7. Global Krill Oil Market Segmentation, By Region

• Global Krill Oil Market Share Analysis, By Region

• Global Krill Oil Market Growth Analysis, By Region

• Global Krill Oil Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Aker BioMarine*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Coastside Bio Resources

• Enzymotec Ltd

• Neptune Wellness Solutions Inc.

• RIMFROST AS

• NutriGold Inc.

• NWC Naturals Inc.

• Qingdao Kangjing Marine Biotechnology Co., Ltd

• RB LLC

• Olympic Seafood AS   

 *Similar analysis will be provided for each company listed above.