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Krill Oil Market by Product Type (Liquid, Tablet), by Application (Fortified Food & Beverages, Animal Feed, Dietary Supplements, Pharmaceuticals, Others), by Distribution Channel (Supermarkets/Hypermarkets, Departmental Store, Pharmacy Store, Online Store, Others) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Summary
Table Of Content

Market Insights

Krill are small, up to 6 cm long, shrimplike shellfish at the base of the ocean’s food chain. Including 85 species of krill, the total estimated biomass was between 400 and 600 metric tonnes in 2016–17. For the claimed health benefits of krill oil, including the management and treatment of conditions such as hyperlipidemia, inflammation, and arthritis, there has been a noticeable increase in research and promotion of krill oil in recent years.

Additionally, because krill oil contains the same docosahexaenoic acid (DHA) and omega-3 fatty acid, eicosapentaenoic acid (EPA), found in fish and fish oil, and phospholipid-derived fatty acids (PLFA), mainly phosphatidylcholine, known as marine lecithin, Krill oil is becoming more popular in the public eye and in the media as consumers become more aware of its positive health benefits for the human body compared to fish oil. Krill oil is viewed as a viable alternative to fish oil for delivering the health benefits associated with EPA and DHA.

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Krill oil can help lower blood fats and increase high-density lipoprotein (HDL) due to the presence of astaxanthin, an antioxidant that comes from the algae krill feed on and which gives krill their pink color. The majority of krill is harvested for aquaculture feed, but krill harvested for human consumption is one of two species: Euphausia Superba, or Antarctic krill, and Euphausia Pacifica, or Pacific krill.

Market Synopsis

Tablets are projected to dominate the krill oil market in the upcoming years.

Based on product type, the global krill oil market is segmented into liquids and tablets. In the base year 2017, the tablet segment dominated the global krill oil market by product type with a market share of more than 60% by value and was expected to maintain its pole position throughout the forecast period of 2018 to 2026.

Bakery products segment to record the fastest CAGR and largest share of the global krill oil application market.

Based on applications, the global krill oil market is segmented into fortified foods and beverages, animal feed, dietary supplements, pharmaceuticals, and other applications. In the base year of 2017, the dietary supplements segment dominated the global market with more than 40% of the market share. Furthermore, the segment is expected to witness the highest CAGR from 2018 to 2026, owing to the increasing demand for krill oil-based dietary supplements from developed countries such as the U.K., Germany, France, Italy, and the United States, among others.

Rapid demand for krill oil in Asia-Pacific is projected to catapult the market’s growth.

The krill oil market is expanding at a significant rate, mainly in Asia-Pacific, due to vigorous growth in the regional healthcare industry. Developing countries such as Brazil, Mexico, China, India, Iran, Saudi Arabia, and South Korea are expected to be the most favorable countries for market growth due to a rise in awareness among consumers coupled with various health benefits associated with the use of omega-3-rich foods. Asia Pacific stands out distinctly with a significant market share owing to rising disposable income, purchasing power, a growing middle-class population, and changing dietary habits. Moreover, growing concern over health and wellness in emerging regions like China and India, along with rising per capita income, is expected to bolster the global krill oil market.

Cargill is one of the promising players in the krill oil market.

There are plenty of brands present in the global krill oil market. However, the market is highly consolidated, as very few players have significant market shares. Aker BioMarine AS, Azantis Inc., Enzymotec Ltd.,., Daeduck FRD Inc., Neptune Wellness Solutions, Norweigan Fish Oil, NutriGold Inc., NWC Naturals Inc., Olympic Seafood AS, Qingdao Kangjing Marine, RB LLC, Biotechnology Co. Ltd., and Rimfrost AS. are some of the key players in the global Krill Oil market. To maintain their dominance in this market, companies are heavily focusing on new product development, branding, and promotional activities. Large multinationals are following similar pricing strategies and distribution channels to compete in the local as well as the global market.

Historical and Forecast Period

2016: Historical Year
2017: Base Year
2018-2026: Forecast Period

Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period of 2018–2026 is considered for the CAGR calculation.

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Report Scope by Segments

The krill oil market report represents an understanding of the current market strategies and dynamics, along with quantitative and qualitative analysis of the overall market. The report provides a thorough outline of the global krill oil market by categorizing it in terms of form, application, and geography. Our interest in publishing this broad research report is to aid food and beverage professionals and market stakeholders in making decisions and implementing strategic initiatives in the krill oil market.

Form Segment (2016–2026; Kilo Ton, US$ Mn)

Tablets
Liquid

Application Segment (2016–2026; US$ Mn)

Fortified Food and Beverages
Animal Feed
Dietary Supplements
Pharmaceuticals
Others

Distribution Channel Segment (2016–2026; US$ Mn)

Supermarkets/Hypermarkets
Departmental Store
Pharmacy Store
Online Store
Others

Geography Segment (2016–2026; US$ Mn)

North America
- US.
- Canada
Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global krill oil market more explicitly.

Our in-depth segmentation analysis up to the country level highlights revenue pockets and investment opportunities in the market. Key players profiled include Aker BioMarine AS, Azantis Inc., Daeduck FRD Inc., Enzymotec Ltd., Neptune Wellness Solutions, Norweigan Fish Oil, NutriGold Inc., NWC Naturals Inc., Olympic Seafood AS, Qingdao Kangjing Marine, Biotechnology Co. Ltd., RB LLC, and Rimfrost AS. among others.

Key questions are answered in this report.

What are the current market trends in the krill oil market, and what are the valuable opportunities for the players?
How do governmental laws affect the global as well as the regional markets?
Which are the recent innovations in the market?
Which is the most lucrative region for investment?
What are the market size and trends in emerging markets such as China, India, and Brazil?
Which are the prime applications of krill oil in different geographies?

Chapter 1 Preface 12
1.1 Report Scope and Description 12
1.1.1 Study Purpose 12
1.1.2 Target Audience 12
1.1.3 USP and Key Offerings 12
1.2 Research Scope 13
1.3 Research Methodology 14
1.3.1 Phase I – Secondary Research 14
1.3.2 Phase II – Primary Research 15
1.3.3 Approach Adopted 15
1.3.4 Top-Down Approach 15
1.3.5 Bottom-Up Approach 16
1.3.6 Phase III – Expert Panel Review 16
1.3.7 Assumptions 17
1.4 Market Segmentation 17

Chapter 2 Executive Summary 18
2.1 Market Snapshot: Global Krill Oil Market 20
2.1.1 Global Krill Oil Market, by Product Type, 2017 (US$ Mn) 21
2.1.2 Global Krill Oil Market, by Application, 2017 (US$ Mn) 21
2.1.3 Global Krill Oil Market, by Distribution Channel, 2017 (US$ Mn) 22
2.1.4 Global Krill Oil Market, by Geography, 2017 (US$ Mn) 22

Chapter 3 Krill Oil: Market Dynamics and Future Outlook 23
3.1 Introduction 23
3.2 Market Dynamics 24
3.2.1 Market Drivers 24
3.2.1.1 Availability of the products in various distribution channels 24
3.2.1.1 Rise in health awareness among the consumer 25
3.2.1.2 Rising demand for supplements 25
3.2.2 Market Challenges 26
3.2.2.1 The high manufacturing costs coupled with yield problems associated with extraction of pure krill oil 26
3.2.2.2 Presence of substitutes including omega fatty acid supplements 26
3.2.3 Market Opportunities 27
3.2.3.1 Strong demand from emerging economies 27
3.2.3.2 Rising demand from the end consumer segments 27
3.3 Attractive Investment Proposition, by Geography, 2017 29
3.4 Market Positioning of Key Players, 2017 30

Chapter 4 Global Krill Oil Market, by Product Type 31
4.1 Overview 31
4.2 Global Krill Oil Market Value Share, by Product Type, 2017 & 2026 (Value %) 32
4.2.1 Global Krill Oil Market Value, by Product Type, 2016–2026 (US$ Mn) 32
4.3 Liquid 33
4.3.1 Global Krill Oil Market, by Liquid, 2016 – 2026 (US$ Mn) 33
4.4 Tablet 34
4.4.1 Global Krill Oil Market, by Tablet, 2016 – 2026 (US$ Mn) 34

Chapter 5 Global Krill Oil Market, by Application 35
5.1 Overview 35
5.1.1 Global Krill Oil Market Value Share, by Application, 2017 & 2026 (Value %) 36
5.1.2 Global Krill Oil Market Value, by Application, 2016–2026 (US$ Mn) 36
5.2 Fortified Food & Beverages 37
5.2.1 Global Krill Oil Market, by Fortified Food & Beverages, 2016 – 2026 (US$ Mn) 37
5.3 Animal Feed 38
5.3.1 Global Krill Oil Market, by Animal Feed, 2016 – 2026 (US$ Mn) 38
5.4 Dietary Supplements 39
5.4.1 Global Krill Oil Market, by Dietary Supplements, 2016 – 2026 (US$ Mn) 39
5.5 Pharmaceuticals 40
5.5.1 Global Krill Oil Market, by Pharmaceuticals, 2016 – 2026 (US$ Mn) 40
5.6 Others 41
5.6.1 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 41

Chapter 6 Global Krill Oil Market, by Distribution Channel 43
6.1 Overview 43
6.1.1 Global Krill Oil Market Value Share, by Distribution Channel, 2017 & 2026 (Value %) 44
6.1.2 Global Krill Oil Market Value, by Distribution Channel, 2016–2026 (US$ Mn) 45
6.2 Supermarkets/Hypermarkets 45
6.2.1 Global Krill Oil Market, by Supermarkets/Hypermarkets, 2016 – 2026 (US$ Mn) 46
6.3 Departmental Store 46
6.3.1 Global Krill Oil Market, by Departmental Store, 2016 – 2026 (US$ Mn) 47
6.4 Pharmacy Store 47
6.4.1 Global Krill Oil Market, by Pharmacy Store, 2016 – 2026 (US$ Mn) 48
6.5 Online Store 48
6.5.1 Global Krill Oil Market, by Online Store, 2016 – 2026 (US$ Mn) 49
6.6 Others 50
6.6.1 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 50

Chapter 7 Krill Oil Market by Geography, 2016 – 2026 51
7.1 Overview 51
7.1.1 Global Krill Oil Market Share, by Region, 2017 & 2026 (Value, %) 52
7.1.2 Global Krill Oil Market Value, by Region, 2016–2026 (US$ Mn) 52
7.2 North America 53
7.2.1 North America Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 53
7.2.2 North America Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 54
7.2.3 North America Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 54
7.2.4 North America Krill Oil Market Value, by Country 2016 – 2026 (US$ Mn) 55
7.3 Europe 56
7.3.1 Europe Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 57
7.3.2 Europe Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 57
7.3.3 Europe Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 58
7.3.4 Europe Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 58
7.4 Asia Pacific 59
7.4.1 Asia Pacific Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 60
7.4.2 Asia Pacific Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 60
7.4.3 Asia Pacific Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 61
7.4.4 Asia Pacific Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 61
7.5 Latin America 62
7.5.1 Latin America Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 62
7.5.2 Latin America Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 63
7.5.3 Latin America Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 63
7.5.4 Latin America Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 64
7.6 Middle East & Africa 64
7.6.1 Middle East & Africa Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 65
7.6.2 Middle East & Africa Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 65
7.6.3 Middle East & Africa Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 66
7.6.4 Middle East & Africa Krill Oil Market Value, by Region 2016 – 2026 (US$ Mn) 66

Chapter 8 Company Profiles 68
8.1 Aker BioMarine AS 68
8.2 Azantis Inc. 70
8.3 Daeduck FRD Inc. 72
8.4 Enzymotec Ltd. 74
8.5 Neptune Wellness Solutions 76
8.6 Norweigan Fish Oil 78
8.7 NutriGold Inc. 80
8.8 NWC Naturals Inc. 82
8.9 Olympic Seafood AS 84
8.10 Qingdao Kangjing Marine Biotechnology Co Ltd. 86
8.11 RB LLC. 88
8.12 Rimfrost AS. 90

List of Figures

FIG. 1 Global Krill Oil Market: Research Methodology 14
FIG. 2 Global Krill Oil Market Segmentation 17
FIG. 3 Global Krill Oil Market, by Product Type, 2017 (US$ Mn) 21
FIG. 4 Global Krill Oil Market, by Application, 2017 (US$ Mn) 21
FIG. 5 Global Krill Oil Market, by Geography, 2017 (US$ Mn) 22
FIG. 6 Attractive Investment Proposition, by Geography, 2017 29
FIG. 7 Global Market Positioning of Key Krill Oil Manufacturers, 2017 30
FIG. 8 Global Krill Oil Market Revenue Share, by Product Type, 2017 & 2026 (Value %) 32
FIG. 9 Global Krill Oil Market, by Liquid, 2016 – 2026 (US$ Mn) 33
FIG. 10 Global Krill Oil Market, by Tablet, 2016 – 2026 (US$ Mn) 34
FIG. 11 Global Krill Oil Market Revenue Share, by Application, 2017 & 2026 (Value %) 36
FIG. 12 Global Krill Oil Market, by Fortified Food & Beverages, 2016 – 2026 (US$ Mn) 37
FIG. 13 Global Krill Oil Market, by Animal Feed, 2016 – 2026 (US$ Mn) 38
FIG. 14 Global Krill Oil Market, by Dietary Supplements, 2016 – 2026 (US$ Mn) 39
FIG. 15 Global Krill Oil Market, by Pharmaceuticals, 2016 – 2026 (US$ Mn) 40
FIG. 16 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 41
FIG. 17 Global Krill Oil Market Revenue Share, by Distribution Channel, 2017 & 2026 (Value %) 44
FIG. 18 Global Krill Oil Market, by Supermarkets/Hypermarkets, 2016 – 2026 (US$ Mn) 46
FIG. 19 Global Krill Oil Market, by Departmental Store, 2016 – 2026 (US$ Mn) 47
FIG. 20 Global Krill Oil Market, by Pharmacy Store, 2016 – 2026 (US$ Mn) 48
FIG. 21 Global Krill Oil Market, by Online Store, 2016 – 2026 (US$ Mn) 49
FIG. 22 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 50
FIG. 23 Krill Oil Market Revenue Share, by Region, 2017 & 2026 (Value %) 52

List of Tables

TABLE 1 Market Snapshot: Global Krill Oil Market Value 20
TABLE 2 Global Krill Oil Market Value, by Product Type, 2016–2026 (US$ Mn) 32
TABLE 3 Global Krill Oil Market Value, by Application, 2016–2026 (US$ Mn) 36
TABLE 4 Global Krill Oil Market Value, by Distribution Channel, 2016–2026 (US$ Mn) 45
TABLE 5 Global Krill Oil Market Value, by Region, 2016–2026 (US$ Mn) 52
TABLE 6 North America Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 53
TABLE 7 North America Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 54
TABLE 8 North America Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 54
TABLE 9 North America Krill Oil Market Value, by Country 2016 – 2026 (US$ Mn) 55
TABLE 10 Europe Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 57
TABLE 11 Europe Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 57
TABLE 12 Europe Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 58
TABLE 13 Europe Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 58
TABLE 14 Asia Pacific Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 60
TABLE 15 Asia Pacific Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 60
TABLE 16 Asia Pacific Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 61
TABLE 17 Asia Pacific Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 61
TABLE 18 Latin America Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 62
TABLE 19 Latin America Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 63
TABLE 20 Latin America Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 63
TABLE 21 Latin America Krill Oil Market Value, by Country/Region 2016 – 2026 (US$ Mn) 64
TABLE 22 Middle East & Africa Krill Oil Market Value, by Product Type 2016 – 2026 (US$ Mn) 65
TABLE 23 Middle East & Africa Krill Oil Market Value, by Application, 2016 – 2026 (US$ Mn) 65
TABLE 24 Middle East & Africa Krill Oil Market Value, by Distribution Channel, 2016 – 2026 (US$ Mn) 66
TABLE 25 Middle East & Africa Krill Oil Market Value, by Region 2016 – 2026 (US$ Mn) 66
TABLE 26 Aker BioMarine: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 68
TABLE 27 Azantis Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 70
TABLE 28 Daeduck FRD Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 72
TABLE 29 Enzymotec Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 74
TABLE 30 Neptune Wellness Solutions: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 76
TABLE 31 Norweigan Fish Oil: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 78
TABLE 32 NutriGold Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 80
TABLE 33 NWC Naturals Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 82
TABLE 34 Olympic Seafood AS: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 84
TABLE 35 Qingdao Kangjing Marine Biotechnology Co Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 86
TABLE 36 RB LLC.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 88
TABLE 37 Rimfrost AS.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 90

Frequently Asked Question:

What is the size of Krill Oil Market?

The market for Krill Oil Market is expected to reach USD$ 282.8 Mn in 2026.

What is the Krill Oil Market CAGR?

The Krill Oil Market is expected to see significant CAGR growth over the coming years, at 13.1%.

What is the Forecast period considered for Krill Oil Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Krill Oil Market?

The base year of this report is 2017.

Who are the major players in this market?

Daeduck FRD Inc., Neptune Wellness Solutions, Norweigan Fish Oil, NutriGold Inc., NWC Naturals Inc., Olympic Seafood AS, Qingdao Kangjing Marine, RB LLC, Biotechnology Co. Ltd .are some of the major players in the global market.

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