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1029118

Krill Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 141 Pages | Delivery time: 2-3 business days

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Krill Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: September 16, 2021
IMARC Services Private Limited
Content info: 141 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

The global krill oil market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

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?
Table of Contents
Product Code: SR1020F68_Report

Table of Contents

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), 2015-2020
  • Figure 3: Global: Krill Oil Market: Sales Value (in Million US$), 2015-2020
  • Figure 4: Global: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 5: Global: Krill Oil Market: Breakup by Product Type (in %), 2020
  • Figure 6: Global: Krill Oil Market: Breakup by Application (in %), 2020
  • Figure 7: Global: Krill Oil Market: Breakup by Region (in %), 2020
  • Figure 8: Global: Krill Oil (Liquid) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 9: Global: Krill Oil (Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 10: Global: Krill Oil (Softgels) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: Krill Oil (Softgels) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: Krill Oil (Capsules) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: Krill Oil (Capsules) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: Krill Oil (Dietary Supplements) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: Krill Oil (Dietary Supplements) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: Krill Oil (Animal Feed) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: Krill Oil (Animal Feed) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: Krill Oil (Functional Foods and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: Krill Oil (Functional Foods and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Global: Krill Oil (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Global: Krill Oil (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: Global: Krill Oil (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: Global: Krill Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: North America: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: North America: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: United States: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: United States: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Canada: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Canada: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Asia Pacific: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 31: Asia Pacific: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 32: China: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 33: China: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 34: Japan: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 35: Japan: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 36: India: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 37: India: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 38: Australia: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 39: Australia: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 40: New Zealand: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 41: New Zealand: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 42: Thailand: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 43: Thailand: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 44: Others: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 45: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 46: Europe: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 47: Europe: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 48: Germany: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 49: Germany: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 50: United Kingdom: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 51: United Kingdom: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 52: Italy: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 53: Italy: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 54: Norway: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 55: Norway: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 56: Poland: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 57: Poland: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 58: Russia: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 59: Russia: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 60: Ukraine: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 61: Ukraine: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 62: Others: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 63: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 64: Latin America: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 65: Latin America: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 66: Brazil: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 67: Brazil: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 68: Mexico: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 69: Mexico: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 70: Others: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 71: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 72: Middle East and Africa: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 73: Middle East and Africa: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 74: GCC Countries: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 75: GCC Countries: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 76: Israel: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 77: Israel: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 78: South Africa: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 79: South Africa: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 80: Others: Krill Oil Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 81: Others: Krill Oil Market Forecast: Sales Value (in Million US$), 2021-2026
  • 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, 2020 and 2026
  • Table 2: Global: Krill Oil Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
  • Table 3: Global: Krill Oil Market Forecast: Breakup by Application (in Million US$), 2021-2026
  • Table 4: Global: Krill Oil Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 5: Global: Krill Oil Market: Competitive Structure
  • Table 6: Global: Krill Oil Market: Key Players