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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Krill Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global krill oil market exhibited strong growth during 2014-2019. Krill, also known as Euphausia superb, refers to tiny, shrimp-like crustaceans that are mostly found in the oceans. The oil extracted from krill is primarily available in the form of liquid, capsules, and soft gels. Being an excellent source of omega-3, krill oil helps in lowering blood pressure levels, maintaining good heart health, reducing cholesterol, and increasing metabolism. It also contains a high amount of astaxanthin which improves immunity and reduces muscle inflammation. As a result, krill oil is widely used in dietary supplements, functional food and beverages, pharmaceuticals, animal feed, etc.

The rising geriatric population coupled with the high prevalence of gastrointestinal disorders is augmenting the demand for krill oil. Additionally, increasing consumer awareness towards health and wellness is also driving the need for dietary supplements. The high consumption of gelatin capsules for ensuring oil-soluble nutrient delivery with minimal gastrointestinal irritation is further proliferating the market. Furthermore, the market is also driven by the growing utilization of krill oil in infant formula due to the presence of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) which enhance infant brain development. Besides this, the prevalent trend of pet humanization and growing concerns towards pet health are also propelling the usage of krill oil in pet food and supplements. Moreover, the rising adoption of krill oil in the pharmaceutical industry based on the high content of omega-3 polyunsaturated fatty acids is also driving the global market. Furthermore, several advancements in the oil extraction technology along with growing cultivation of krill fish across different geographic locations will continue to bolster the market growth. Looking forward, IMARC Group expects the global krill oil market to continue its strong growth during the next five years.

Breakup by Product Type:

  • Liquid
  • Softgels
  • Capsules
     

Breakup by Application:

  • Dietary Supplements
  • Animal Feed
  • Functional Foods and Beverages
  • Pharmaceuticals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • New Zealand
    • Thailand
    • Others
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • Norway
    • Poland
    • Russia
    • Ukraine
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Aker Biomarine Antarctic AS, Coastside Bio Resources, Ergomax B.V., Krill Canada Sales Corporation, Neptune Wellness Solutions Inc., Norwegian Fish Oil AS, NutriGold Inc., NWC Naturals Inc., Nutracode LLC, Qingdao Kangjing Marine Biotechnology Co. Ltd., Rimfrost AS and Schiff Nutrition International Inc. (Reckitt Benckiser Group Plc).

Key Questions Answered in This Report:

  • How has the global krill oil market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global krill oil market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global krill oil industry and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Krill Oil Market
    5.1    Market Overview
    5.2    Global Krill Production
    5.3    Market Performance
    5.4    Impact of COVID-19
    5.5    Market Forecast
6    Market Breakup by Product Type
    6.1    Liquid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Softgels
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Capsules
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Dietary Supplements
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Animal Feed
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Functional Foods and Beverages
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Pharmaceuticals
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 Australia
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 New Zealand
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Thailand
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 United Kingdom
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 Italy
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Norway
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Poland
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Ukraine
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
        8.3.8 Others
           8.3.8.1 Market Trends
           8.3.8.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 GCC Countries
           8.5.1.1 Market Trends
           8.5.1.2 Market Forecast
        8.5.2 Israel
           8.5.2.1 Market Trends
           8.5.2.2 Market Forecast
        8.5.3 South Africa
           8.5.3.1 Market Trends
           8.5.3.2 Market Forecast
        8.5.4 Others
           8.5.4.1 Market Trends
           8.5.4.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
    10.1    Overview
    10.2    Raw Material Procurement
    10.3    Manufacturing
    10.4    Packaging
    10.5    Marketing and Distribution
    10.6    Retailers & Exporters
    10.7    End Users
11    Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Aker BioMarine Antartic AS
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
        13.3.2    Coastside Bio Resources
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
        13.3.3    Ergomax B.V.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
        13.3.4    Krill Canada Sales Corporation
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Neptune Wellness Solutions Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Norwegian Fish Oil AS
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    NutriGold Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    NWC Naturals Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio      
        13.3.9    Nutracode LLC
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
        13.3.10    Qingdao Kangjing Marine Biotechnology Co. Ltd.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
        13.3.11    Rimfrost AS
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Schiff Nutrition International Inc. (Reckitt Benckiser Group Plc)
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Krill Oil Market: Major Drivers and Challenges
Figure 2: Global: Krill Market: Production Volume (in Tons),2014-2019
Figure 3: Global: Krill Oil Market: Sales Value (in Million US$), 2014-2019
Figure 4: Global: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 5: Global: Krill Oil Market: Breakup by Product Type (in %), 2019
Figure 6: Global: Krill Oil Market: Breakup by Application (in %), 2019
Figure 7: Global: Krill Oil Market: Breakup by Region (in %), 2019
Figure 8: Global: Krill Oil (Liquid) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Krill Oil (Liquid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Krill Oil (Softgels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Krill Oil (Softgels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Krill Oil (Capsules) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Krill Oil (Capsules) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Krill Oil (Dietary Supplements) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Krill Oil (Dietary Supplements) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Krill Oil (Animal Feed) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Krill Oil (Animal Feed) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Krill Oil (Functional Foods and Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Krill Oil (Functional Foods and Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Krill Oil (Pharmaceuticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Krill Oil (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Krill Oil (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Krill Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: North America: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: North America: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: United States: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: United States: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Canada: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Canada: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Asia Pacific: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Asia Pacific: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: China: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: China: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Japan: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Japan: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: India: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: India: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Australia: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Australia: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: New Zealand: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: New Zealand: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Thailand: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Thailand: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Others: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Europe: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Europe: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Germany: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Germany: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: United Kingdom: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: United Kingdom: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Italy: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Italy: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Norway: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Norway: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Poland: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Poland: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Russia: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Russia: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Ukraine: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Ukraine: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Others: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Latin America: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Latin America: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Brazil: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Brazil: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Mexico: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Mexico: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Others: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Middle East and Africa: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Middle East and Africa: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: GCC Countries: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: GCC Countries: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Israel: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Israel: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: South Africa: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: South Africa: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Others: Krill Oil Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Global: Krill Oil Industry: SWOT Analysis
Figure 83: Global: Krill Oil Industry: Value Chain Analysis
Figure 84: Global: Krill Oil Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Krill Oil Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Krill Oil Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Krill Oil Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Krill Oil Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Global: Krill Oil Market: Competitive Structure
Table 6: Global: Krill Oil Market: Key Players        

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