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Krill Oil Market Size, Share & Trends Analysis Report by Product (Liquids, Softgels, Capsules), by Application (Dietary Supplements, Animal Feed, Functional Food & Beverages), by Region, and Segment Forecasts, 2020 - 2027

  • ID: 4209743
  • Report
  • February 2020
  • Region: Global
  • 145 pages
  • Grand View Research
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FEATURED COMPANIES

  • Aker BioMarine
  • Ergomax
  • Norwegian Fish Oil AS
  • Nutracode
  • NutriGold Inc.
  • NWC Naturals Inc.
  • MORE
The global krill oil market size is projected to be valued at USD 664.6 million by 2027, expanding at a CAGR of 11.6%. Growing consumer health awareness, coupled with rising investment in clinical research and development is expected to promote market growth over the forecast.

Health benefits offered by consumption of krill oil to reduce cholesterol level, blood pressure, and coronary heart diseases such as heart attacks and strokes is expected to drive demand in the forecast period. In addition, increasing demand for supplements and functional foods by consumers owing to growing health concerns coupled with high disposable income is further anticipated to propel market expansion over the forecast period.

Increasing spending on the pharmaceutical sector in countries such as China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam is expected to stimulate industry expansion. Rising population in developing countries is further expected to fuel the demand for omega 3 products in applications such as nutrition supplements and infant formula. Moreover, changing lifestyle of consumers and increasing concerns regarding health issues, especially coronary heart diseases, are expected to further fuel the demand for omega 3 products thereby benefitting market growth over the forecast period.

Companies are focusing on backward integration in order to gain more control over the value chain. The krill fishery is highly regulated owing to which the number of manufacturers are limited which can restrict the growth in the forecast period.

The market in Europe is expected to be valued at USD 223.8 million by 2027, expanding at a CAGR of 10.1% over the forecast period. The presence of major krill oil manufacturers and prominent coastlines in the region is driving the demand for krill oil based products. Moreover, growing health awareness in Europe is anticipated to augment the demand for supplements and functional food, pharmaceutical, and infant formula application segments.

Further key findings from the report suggest:
  • In terms of value, the dietary supplements segment is anticipated to reach USD 385.2 million by 2027, at a CAGR of 10.6% from 2020 to 2027
  • The softgels segment is expected to dominate the market by 2027, accounting for 39% market share. Softgels are highly preferred by consumers as they do not have a bad odor and have fewer side effects in comparison to liquid krill oil. The robust presence of gelatin production units along with the increasing demand for nutraceutical products is expected to open new avenues across the globe over the forecast period
  • Europe held the largest share in 2019 and is likely to register considerable growth over the forecast period. Increasing product consumption, especially in the form of dietary supplements, on account of rising aging population, particularly in developed economies such as Germany, France, Netherlands, and U.K., is likely to drive the market
  • The market in U.S. is anticipated to reach USD 102.6 million by 2027. Increasing consumption of enhanced medication to prevent and/or to treat chronic diseases is likely to spur the overall demand for omega-3 in the upcoming years
  • The krill oil market is consolidated in nature with the presence of few global players. The major market share is dominated by the big giants such as Aker Biomarine, Neptune Wellness Solutions, and Rimfrost AS. These key players have a stronghold on the regional markets.

Please note: This product will be delivered within 48 business hours after receipt of order.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aker BioMarine
  • Ergomax
  • Norwegian Fish Oil AS
  • Nutracode
  • NutriGold Inc.
  • NWC Naturals Inc.
  • MORE
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Krill Oil Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Related Market Outlook
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Major Raw Material Trends
3.4.2. Manufacturing Trends
3.4.3. Outsourcing and contract manufacturing trends
3.4.4. Sales channel analysis
3.4.5. Vendor selection criteria
3.4.6. List of Key End-Users, by Region
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Krill Oil Market - Market dynamics
3.7.1. Market driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Business Environment Analysis: Krill Oil Market
3.8.1. Industry Analysis - Porter’s
3.8.1.1. Supplier Power
3.8.1.2. Buyer Power
3.8.1.3. Substitution Threat
3.8.1.4. Threat from New Entrant
3.8.1.5. Competitive Rivalry
3.8.2. PESTEL Analysis
3.8.2.1. Political Landscape
3.8.2.2. Environmental Landscape
3.8.2.3. Social Landscape
3.8.2.4. Technology Landscape
3.8.2.5. Economic Landscape
3.8.2.6. Legal Landscape
3.8.3. Major Deals & Strategic Alliances Analysis
3.8.3.1. Joint Ventures
3.8.3.2. Mergers & Acquisitions

Chapter 4. Krill Oil Market: Product Estimates & Trend Analysis
4.1. Krill Oil Market: Product movement analysis, 2019 & 2027
4.2. Liquids
4.2.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
4.3. Softgels
4.3.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
4.4. Capsules
4.4.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)

Chapter 5. Krill Oil Market: Application Estimates & Trend Analysis
5.1. Krill Oil Market: Application movement analysis, 2019 & 2027
5.2. Dietary supplements
5.2.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
5.3. Animal feed
5.3.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
5.4. Functional food and beverages
5.4.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
5.5. Pharmaceuticals
5.5.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
5.6. Other Applications
5.6.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)

Chapter 6. Krill Oil Market: Regional Estimates & Trend Analysis
6.1. Krill Oil Market: Regional movement analysis, 2019 & 2027
6.2. North America
6.2.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.2.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.2.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.2.4. U.S.
6.2.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.2.4.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.2.4.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.3. Europe
6.3.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.3.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.3.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.3.4. Germany
6.3.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.3.4.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.3.4.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.3.5. U.K.
6.3.5.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.3.5.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.3.5.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4. Asia Pacific
6.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4.4. Australia
6.4.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.4.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.4.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4.5. New Zealand
6.4.5.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.5.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.5.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4.6. Thailand
6.4.6.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.6.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.6.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4.7. China
6.4.7.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.7.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.7.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.4.8. Japan
6.4.8.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.4.8.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.4.8.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.5. Central & South America
6.5.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.5.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.5.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.5.4. Brazil
6.5.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.5.4.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.5.4.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)
6.6. Middle East & Africa
6.6.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million)
6.6.2. Market Estimates and Forecasts, By Product, 2016 - 2027 (Tons) (USD Million)
6.6.3. Market Estimates and Forecasts, By Application, 2016 - 2027 (Tons) (USD Million)

Chapter 7. Krill Oil Market: Competitive Analysis
7.1. Key Global Players, Their Initiatives, & Their Impact on the Market
7.2. Participant Categorization
7.3. Vendor Landscape
7.3.1. List of key distributors & channel partners
7.3.2. Key customers
7.4. Public Companies
7.4.1. Company market position analysis
7.4.2. Company market share/ranking, by country, 2019
7.4.3. SWOT Analysis of Public companies
7.5. Private Companies
7.5.1. List of emerging companies
7.5.2. Geographic Presence
7.5.3. Company market position analysis

Chapter 8. Company Profiles
8.1. Aker BioMarine
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Schiff Nutrition International, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Neptune Wellness Solutions Inc
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Norwegian Fish Oil AS
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. NutriGold Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Rimfrost AS
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Qingdao Kangjing Marine Biotechnology Co., LTD.
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. NWC Naturals Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Nutracode
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Ergomax
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
Note: Product cover images may vary from those shown
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  • Aker BioMarine
  • Schiff Nutrition International, Inc.
  • Neptune Wellness Solutions Inc
  • Norwegian Fish Oil AS
  • NutriGold Inc.
  • Rimfrost AS
  • Qingdao Kangjing Marine Biotechnology Co., LTD.
  • NWC Naturals Inc.
  • Nutracode
  • Ergomax
Note: Product cover images may vary from those shown
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