Krill Oil Market Synopsis
Krill Oil Market Size Was Valued at USD 1096.94 Million in 2023 and is Projected to Reach USD 2612.03 Billion by 2032, Growing at a CAGR of 10.12% From 2024-2032.
Krill oil is a dietary supplement derived from the Antarctic krill species, Euphausia superba. It contains omega-3 fatty acids, similar to those found in fish oil, and phospholipid-derived fatty acids (PLFA), primarily phosphatidylcholine, also known as marine lecithin. Krill oil is praised for its potential health benefits, including supporting heart health, reducing inflammation, and promoting cognitive function.
- Krill oil is extracted from small, shrimp-like marine creatures known as Antarctic krill, primarily Euphausia superba. These tiny crustaceans are abundant in the Southern Ocean and play a crucial role in the marine food web. Krill oil is particularly valued for its high content of omega-3 fatty acids, specifically eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are essential for various bodily functions.
- The primary health benefits of krill oil are attributed to its omega-3 fatty acids. Unlike many nutrients, the human body cannot produce sufficient amounts of omega-3 fatty acids on its own, making dietary sources essential. Omega-3s are known for their anti-inflammatory properties, which can help reduce pain and swelling throughout the body. They also play a vital role in cardiovascular health by improving lipid profiles and reducing the risk of heart disease.
- Krill oil is often marketed for several health conditions, with one of its more common uses being for dry eye syndrome. It is also used as a supplement for managing high triglyceride levels, high cholesterol, diabetes, and even depression. However, while many individuals report positive effects from krill oil supplementation, the scientific evidence supporting these claims varies significantly. Research is still ongoing to clarify its efficacy in treating these conditions.
- In addition to omega-3 fatty acids, krill oil contains phospholipids, primarily phosphatidylcholine, which may enhance the bioavailability of omega-3s in the body. This unique structure allows for better absorption compared to traditional fish oil supplements. Krill oil also provides antioxidants, including astaxanthin, which may offer additional health benefits by protecting cells from oxidative damage.
- krill oil is a rich source of omega-3 fatty acids and other beneficial compounds, making it a popular dietary supplement. While it shows promise for various health benefits, more robust scientific evidence is needed to fully support many of its claimed uses. As with any supplement, individuals should approach krill oil with a balanced perspective, prioritizing consultation with healthcare professionals to tailor their nutritional choices to their specific health needs.
Composition of the Krill Oil:
|
S. No. |
Fatty Acid Type |
% (Approx.) |
|
1 |
Polyunsaturated fatty acids |
36.7 |
|
A |
n-3 Fatty acids (total) |
33.6 |
|
(i) |
n-3 Eicosapentaenoic acid (EPA) |
17.2 |
|
(ii) |
n-3 Docosahexaenoic acid (DHA) |
11.3 |
|
(iii) |
n-3 Docosapentaenoic acid (DPA) |
0.6 |
|
B |
n-6 Fatty acids (total) |
1.6 |
|
(i) |
n-6 Linoleic acid |
1.4 |
|
C |
n-9 Fatty acids (total) |
9.6 |
|
2 |
Monounsaturated fatty acids |
22.1 |
|
(i) |
Oleic acid |
8.6 |
|
3 |
Saturated fatty acids |
29.8 |
|
4 |
Trans-fatty acids |
0.01 |
Biochemical Profile of Krill Oil
|
S. No. |
Parameter |
Amount |
|
1 |
Saponification value |
175 mg/g |
|
2 |
Iodine value |
138 g/100 g |
|
3 |
Peroxide value |
0.1 |
|
4 |
p-Anisidine value |
1.0 |
Other Important Constituents in Krill Oil
|
Constituent |
Content |
|
Vitamin A |
260 IU/g |
|
Vitamin E |
0.65 IU/g |
|
Astaxanthin (esterified) |
163 mg/100 g |
|
Protein |
3.0 g/100 g |
Krill Oil Market Trend Analysis
Rising Consumer Demand for Krill Oil Driven by Health Benefits
- The rising consumer demand for krill oil is significantly driven by its well-researched health benefits, making it an appealing supplement for individuals seeking to enhance their overall well-being. As consumers become more health-conscious and informed about dietary supplements, they increasingly look for natural products that offer multiple therapeutic advantages. Krill oil, rich in omega-3 fatty acids, antioxidants like astaxanthin, and other bioactive compounds, presents a comprehensive solution for a variety of health concerns, ranging from cardiovascular health to cognitive function and joint inflammation.
- One of the primary drivers of this demand is the growing awareness of cardiovascular diseases and the importance of maintaining heart health. With an increasing prevalence of obesity and sedentary lifestyles globally, consumers are actively seeking natural alternatives to pharmaceutical interventions. Krill oil has been shown to reduce triglyceride levels, improve endothelial function, and lower blood pressure, making it a sought-after option f
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Global Krill Oil Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1096.94 Mn. |
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Forecast Period 2024-32 CAGR: |
10.12 % |
Market Size in 2032: |
USD 2612.03 Bn. |
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Segments Covered: |
By Type |
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By Application |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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INTRODUCTION
RESEARCH OBJECTIVES
RESEARCH METHODOLOGY
RESEARCH PROCESS
SCOPE AND COVERAGE
Market Definition
Key Questions Answered
MARKET SEGMENTATION
EXECUTIVE SUMMARY
MARKET OVERVIEW
GROWTH OPPORTUNITIES BY SEGMENT
MARKET LANDSCAPE
PORTER’S FIVE FORCES ANALYSIS
Bargaining Power Of Supplier
Threat Of New Entrants
Threat Of Substitutes
Competitive Rivalry
Bargaining Power Among Buyers
INDUSTRY VALUE CHAIN ANALYSIS
MARKET DYNAMICS
Drivers
Restraints
Opportunities
Challenges
MARKET TREND ANALYSIS
REGULATORY LANDSCAPE
PESTLE ANALYSIS
PRICE TREND ANALYSIS
PATENT ANALYSIS
TECHNOLOGY EVALUATION
MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
Geopolitical Market Disruptions
Supply Chain Disruptions
Instability in Emerging Markets
ECOSYSTEM
KRILL OIL MARKET BY PRODUCT (2017-2032)
KRILL OIL MARKET SNAPSHOT AND GROWTH ENGINE
MARKET OVERVIEW
LIQUIDS
Introduction And Market Overview
Historic And Forecasted Market Size in Value (2017-2032F)
Historic And Forecasted Market Size in Volume (2017-2032F)
Key Market Trends, Growth Factors And Opportunities
Geographic Segmentation Analysis
SOFT GELS CAPSULES
GUMMIES
POWDER
KRILL OIL MARKET BY APPLICATION (2017-2032)
KRILL OIL MARKET SNAPSHOT AND GROWTH ENGINE
MARKET OVERVIEW
DIETARY SUPPLEMENTS
Introduction And Market Overview
Historic And Forecasted Market Size in Value (2017-2032F)
Historic And Forecasted Market Size in Volume (2017-2032F)
Key Market Trends, Growth Factors And Opportunities
Geographic Segmentation Analysis
ANIMAL FEED
FUNCTIONAL FOOD & BEVERAGES
PHARMACEUTICALS
OTHERS
KRILL OIL MARKET BY DISTRIBUTION CHANNEL (2017-2032)
KRILL OIL MARKET SNAPSHOT AND GROWTH ENGINE
MARKET OVERVIEW
SUPERMARKETS/ HYPERMARKETS
Introduction And Market Overview
Historic And Forecasted Market Size in Value (2017-2032F)
Historic And Forecasted Market Size in Volume (2017-2032F)
Key Market Trends, Growth Factors And Opportunities
Geographic Segmentation Analysis
DRUG STORES & PHARMACIES
ONLINE RETAILERS
OTHERS
COMPANY PROFILES AND COMPETITIVE ANALYSIS
COMPETITIVE LANDSCAPE
Competitive Benchmarking
KRILL OIL Market Share By Manufacturer (2023)
Industry BCG Matrix
Heat Map Analysis
Mergers & Acquisitions
AKER BIOMARINE (NORWAY)
Company Overview
Key Executives
Company Snapshot
Role of the Company in the Market
Sustainability and Social Responsibility
Operating Business Segments
Product Portfolio
Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
Key Strategic Moves And Recent Developments
SWOT Analysis
COASTSIDE BIO RESOURCES (USA)
RIMFROST KRILL (NORWAY)
NUTRIGOLD (USA)
BIOCORP CO., LTD (SOUTH KOREA)
KAIRA ORGANIC WORLD (INDIA)
KABIR LIFESCIENCES (INDIA)
QINGDAO ANTARCTIC WEIKANG BIOTECHNOLOGY CO., LTD. (CHINA)
NUTRACODE LLC (USA)
BIOEXTRACTION TECHNOLOGY (MALAYSIA)
BIOTHRIVE SCIENCES (USA) AND OTHER ACTIVE PLAYERS
GLOBAL KRILL OIL MARKET BY REGION
OVERVIEW
NORTH AMERICA
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Product
Historic And Forecasted Market Size By Application
Historic And Forecasted Market Size By Distribution Channel
Historic And Forecasted Market Size By Country
USA
Canada
Mexico
EASTERN EUROPE
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Segments
Historic And Forecasted Market Size By Country
Russia
Bulgaria
The Czech Republic
Hungary
Poland
Romania
Rest Of Eastern Europe
WESTERN EUROPE
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Segments
Historic And Forecasted Market Size By Country
Germany
United Kingdom
France
The Netherlands
Italy
Spain
Rest Of Western Europe
ASIA PACIFIC
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Segments
Historic And Forecasted Market Size By Country
China
India
Japan
South Korea
Malaysia
Thailand
Vietnam
The Philippines
Australia
New-Zealand
Rest Of APAC
MIDDLE EAST & AFRICA
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Segments
Historic And Forecasted Market Size By Country
Turkey
Bahrain
Kuwait
Saudi Arabia
Qatar
UAE
Israel
South Africa
SOUTH AMERICA
Key Market Trends, Growth Factors And Opportunities
Key Manufacturers
Historic And Forecasted Market Size By Segments
Historic And Forecasted Market Size By Country
Brazil
Argentina
Rest of South America
INVESTMENT ANALYSIS
ANALYST VIEWPOINT AND CONCLUSION
Recommendations and Concluding Analysis
Potential Market Strategies
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Global Krill Oil Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1096.94 Mn. |
|
Forecast Period 2024-32 CAGR: |
10.12 % |
Market Size in 2032: |
USD 2612.03 Bn. |
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Segments Covered: |
By Type |
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By Application |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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