Krill Oil Supplements Market Size, Share & Trends Analysis Report By Product (Liquids, Softgels, Capsules), By Application, Pharmaceuticals), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030
- Report ID: GVR-1-68038-898-5
- Number of Pages: 145
- Format: Electronic (PDF)
- Historical Range: 2017 - 2020
- Industry: Consumer Goods
Market Segmentation
- Product Outlook (Revenue, USD Million, 2017 - 2030)
- Liquids
- Softgels
- Capsules
- Application Outlook (Revenue, USD Million, 2017 - 2030)
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- North America Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- North America Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- North America Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- U.S.
- U.S. Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- U.S. Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- U.S. Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- U.S. Krill Oil Supplements Market, by Product
- Canada
- Canada Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Canada Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Canada Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Canada Krill Oil Supplements Market, by Product
- Mexico
- Mexico Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Mexico Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Mexico Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Mexico Krill Oil Supplements Market, by Product
- North America Krill Oil Supplements Market, by Product
- Europe
- Europe Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Europe Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Europe Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- U.K.
- U.K. Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- U.K. Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- U.K. Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- U.K. Krill Oil Supplements Market, by Product
- Germany
- Germany Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Germany Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Germany Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Germany Krill Oil Supplements Market, by Product
- Europe Krill Oil Supplements Market, by Product
- Asia Pacific
- Asia Pacific Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Asia Pacific Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Asia Pacific Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- China
- China Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- China Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- China Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- China Krill Oil Supplements Market, by Product
- Thailand
- Thailand Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Thailand Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Thailand Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Thailand Krill Oil Supplements Market, by Product
- Japan
- Japan Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Thailand Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Thailand Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Japan Krill Oil Supplements Market, by Product
- Australia
- Australia Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Australia Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Australia Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Australia Krill Oil Supplements Market, by Product
- New Zealand
- New Zealand Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- New Zealand Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- New Zealand Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- New Zealand Krill Oil Supplements Market, by Product
- Asia Pacific Krill Oil Supplements Market, by Product
- Central & South America
- Central & South America Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Central & South America Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Central & South America Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Brazil
- Brazil Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Brazil Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Brazil Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Brazil Krill Oil Supplements Market, by Product
- Central & South America Krill Oil Supplements Market, by Product
- Middle East & Africa
- Middle East & Africa Krill Oil Supplements Market, by Product
- Liquids
- Softgels
- Capsules
- Middle East & Africa Krill Oil Supplements Market, by Application
- Dietary Supplements
- Animal feed
- Functional Food & Beverages
- Pharmaceuticals
- Others
- Middle East & Africa Krill Oil Supplements Market, by Distribution Channel
- Supermarkets/ Hypermarkets
- Drug Stores & Pharmacies
- Online Retailers
- Others
- Middle East & Africa Krill Oil Supplements Market, by Product
- North America
Krill Oil Supplements Market Dynamics
Driver: Growing penetration of omega-3 in the API market
The growing consumption of omega-3 polyunsaturated fatty acids in functional foods and pharmaceuticals is expected to drive product demand. Rising awareness concerning healthcare and chronic diseases, expanding application profiling of omega-3, and regulations favoring product use in infant formulations are expected to spur the demand for omega-3 in developed economies. The rising population in developing countries is expected to fuel the demand for omega-3 products such as nutrition supplements, infant formula, etc. Moreover, the changing lifestyles of consumers and increasing concerns regarding health issues, especially coronary heart diseases, are expected to further fuel market demand in the coming years. Factors, such as a growing aging population and the rising prevalence of cancer, are also expected to fuel the demand for omega-3. In addition, technological advancements in the manufacturing of APIs and highly potent active ingredients are expected to augment the demand for omega-3 and, in turn, trigger overall market growth.
Driver: Benefits of krill oil over fish oil, such as phospholipid content
Fatty acids are measured as water-soluble; however, they cannot be transported in their free form. They require "packaging" for lipoprotein vehicles. In comparison with fish oil, the omega-3 fats are associated with triglycerides that get further broken down in the gut to the fatty acids of EPA and DHA, whereas in krill oil, the omega-3 fat get connected to phospholipids, which means the body can easily absorb it. It also has the required efficiency to cross the blood-brain barrier and reach significant brain structures. Phospholipids are also one of the major compounds in high-density lipoproteins (HDL) that allow human cells to sustain structural integrity and support the cells to function properly.
Restraint: Consumer preference for fish oil
The demand for omega-3 fatty acids in pharmaceutical products, dietary supplements, and foods & beverages has increased rapidly in the past few years owing to its superior health benefits and increasing incidence of cardiovascular diseases. Among the various sources available for Omega 3 fatty acids, fish oil accounts for more than 50% share and is the most widely available dietary source of DHA and EPA. According to the OECD-FAO Agricultural Outlook 2011-2020, fish oil production is anticipated to remain stable in the near future. By 2020, the estimated fish oil production is expected to reach 1017.1 kilotons by product weight. Furthermore, the demand for farmed fish is projected to overtake the consumption of catch species across the globe. Increasing approvals by numerous agencies such as the American Dietetic Association, European Union, European Food Safety Authority (EFSA), and Food and Drug Administration (FDA) and regulatory support to promote the fishing industry are expected to have a positive impact on market growth. Increasing technological developments, including absorption technology along with new R&D investments to utilize the ingredients in the healthcare division, are expected to open new market avenues over the forecast period.
What Does This Report Include?
This section will provide insights into the contents included in this krill oil supplements market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Krill oil supplements market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Krill oil supplements market quantitative analysis
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Market size, estimates, and forecast from 2017 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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