Krill Oil Market

SKU: DM2350 | Last Updated On: Oct 25 2022 | Available Formats

>Krill Oil Market Expected to reach at a high CAGR of 11.4% by 2029:

Krill Oil Market is segmented By Product Type (Capsules, Soft Gels, Others), By Distribution Channel (Online Stores, Supermarkets & Hypermarkets, Departmental Stores, Retail Stores, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Krill Oil Market is estimated to reach a high CAGR 11.4% during the forecast period 2022-2029.

Krill Oil Market - Strategic Insights



Market CAGR


Segments Covered

By Product Type, By Distribution Channel and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Krill oil comes from a small shrimp-like creature. Krill is the primary food of baleen whales, manta rays, and whale sharks. The term "krill" means "whale food" in Norwegian. The oil from krill is extracted, put into capsules, and used as medication. Dry eyes are treated with krill oil. It's also used to treat excessive blood fat levels called triglycerides. It also boosts metabolic activity and guards against omega-3 insufficiency.

Krill Oil Market Dynamics:

The demand for krill oil is increasing due to the growing elderly population and the increased frequency of gastrointestinal diseases. Furthermore, rising consumer awareness of health and wellbeing is fueling demand for dietary supplements. As a result, the socio-economic and upper-middle-class individuals focus on personal care through dietary supplements such as krill oil, driving the market during the forecast period. The demand for omega 3 is projected to rise due to technological improvements in the production of Pharmaceutical Components and extremely powerful active ingredients. As a result, throughout the forecast period, the total market will increase as krill oil is a rich source of omega 3. Heart disease affects a large number of individuals throughout the world, and excessive cholesterol has become a widespread concern. Krill oil, it appears, lowers blood lipids and cholesterol, lowering the risk of heart disease. One of the reasons for the booming global krill oil industry is this. Acne affects 50 million Americans, according to the American Academy of Dermatology. Other skin conditions, such as atopic dermatitis, psoriasis, and rosacea, are also common. Inflammation in the body can be reduced by using krill oil.

However, the high production price of the krill oil market is hindering the growth of the market. Also, the presence of numerous side effects such as nausea is hindering the growth of the market. The presence of alternative oils is also a reason for the growth inhibition of the market.

COVID-19 Impact:

Due to Covid 19, there have been multiple lockdowns all over the globe. This has led to disruption in the supply chain of the multiple markets. Krill Oil Market will reach its pre-COVID level rapidly and during the forecast period, a good growth rate is predicted. Global restrictions in 2020 and constant limitations in 2021 have interrupted the supply chain and posed problems for Krill Oil Market manufacturers. Intense competition and price concerns will continue to push on vendor profit margins as well as a shift in customer preferences.

Krill Oil Market Segmentation:

The global krill oil market is segmented based on product type into capsules, soft gels, others.

Due to the growing customer preference for soft gels over capsules, since they are easier to swallow, the soft gels sector is projected to dominate the krill oil market. Gelatin makes up a soft gel capsule, and the contents are always liquid and never dry. Soft gels provide several benefits over capsules in krill oil, including ease of swallowing, no flavor, the ability to include more components, and longer shelf life. Krill oil is a low-cost alternative to its contemporaries due to its liquid raw ingredient and modest processing needs via soft gels.  

Krill Oil Market Geographical Penetration:

By region, the global krill oil market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

North America dominates the global krill oil market during the forecast period. The growing demand for krill oil in the region is due to the rising usage of the product in applications such as medicines, functional foods, and dietary supplements. Furthermore, as people become more health-conscious, krill oil is becoming more popular. It is predicted that if the U.S population doesn’t start intaking more Omega 3 fatty acids, by 2030, more than 40% of the population is expected to have some kind of cardiovascular disease. Increased product demand in nations like China, India, South Korea, and Japan is boosting the expansion of omega-3 in the Asia Pacific. The penetration of krill oil in the diet and the improvement of consumer health awareness are driving the market in this region.

Krill Oil Market Competitive Landscape:

The global krill oil market is dominated by many companies and most of these companies are in the nutritional and dietary supplements industry. The companies are focusing on improving their market presence in the specific region by acquiring regional companies. The pharmaceutical companies are entering into collaboration or long-term deals with the companies to supply krill oil to develop their products.

  • In November 2019, Aker Bio Marine signed long-term deals to provide krill oil to develop its flagship product CaPre.
  •  In 2021, Aker BioMarine launched INVI, a highly concentrated protein that has protein purity of over 90%. 
  • Enzymotec's krill oil business was bought by Aker BioMarine in January 2018. Aker BioMarine has set its sights on the krill oil industry.

Some of the key players in the global krill oil market include Aker Biomarine AS, Walgreen Co., Onnit Labs, Inc., among many others.

Aker BioMarine:


Aker BioMarine is a biotech innovator and Antarctic krill-harvesting company, that focuses on improving human and planetary health. Their supply chain stretches from krill harvesting in Antarctic waters through the logistics hub in Montevideo to our krill oil manufacturing facility in Houston. Their custom-built vessels produce krill meal immediately after the krill has been brought on board. This method ensures optimal product quality.

Product Portfolio:

  • Superba Krill Oil for Humans
  • Qrill Aqua For AquaCulture
  • Qrill Pet

Key Developments:

  • In 2020, Aker BioMarine sold 1.6 billion doses of Superba Krill worldwide
  • In 2020, Aker BioMarine had a revenue of USD 288.6 million.

Frequently Asked Question

What is the Krill Oil Market growth?

The market is growing at a CAGR of 11.4%.

Which region controlled the global market during 2022-2029?

North America region Controls the Krill Oil Market  during 2022-2029.

Which is the fastest growing region in the Krill Oil Market ?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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