Krill oil is derived from Euphausia superba, a species of Antarctic krill. Similar to fish oils, krill oils are consumed to treat high blood pressure, osteoarthritis, stroke, premenstrual syndrome (PMS), etc. Krill oils are a rich source of docosahexaenoic (DHA), phospholipid-derived fatty acids (PLFA), and omega-3 polyunsaturated fatty acids. However, the omega-3 fatty acids found in krill oils are more readily absorbed and transported to cells in the phospholipid forms.
MARKET DYNAMICS
The growing consumer concerns over meeting daily dietary requirements have fuelled the demand for nutritional supplements and capsules. The spurt in demand for nutritional supplements and capsules has led to significant consumption of krill oils. Krill oil is seen as a rich source of a number of essential nutrients such as omega-3 fatty acids EPA & DHA, phospholipids, choline, and astaxanthin. The growing consumer awareness about the health benefits of these nutrients has swayed significantly large share of consumers towards consuming krill oil in the form of capsules. Claims laid by krill oil manufacturers that krill oils are nutritionally better and do not lead to reflux or belching of unpleasant fish flavors, and the fish aftertaste is likely to draw consumers towards krill oils and subsequently augment the sales of krill oils. The rising demand for fortified animal feeds and pet foods are also expected to further propel the demand for krill oil.
MARKET SCOPE
The "Global Krill Oil Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the krill oil market with detailed market segmentation by form, application, and geography. The global krill oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading krill oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global krill oil market is segmented on the basis of form and application. On the basis of form, the krill oil market is segmented into, liquid, tablets, soft-gels, and capsules. On the basis of applications, the market is bifurcated into, dietary supplements, animal feed, functional food and beverages, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global krill oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The krill oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the krill oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the krill oil market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global krill oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The krill oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the krill oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the krill oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the krill oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from krill oil market are anticipated to lucrative growth opportunities in the future with the rising demand for krill oil in the global market. Below mentioned is the list of few companies engaged in the krill oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the krill oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aker BioMarine
- Ergomax
- Neptune Wellness Solutions Inc
- Norwegian Fish Oil AS
- Nutracode LLC
- NutriGold Inc.
- NWC Naturals Inc.
- Qingdao Kangjing Marine Biotechnology Co., LTD.
- Rimfrost AS
- Schiff Nutrition International, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Krill Oil Market - By Form
1.3.2 Krill Oil Market - By Applications
1.3.3 Krill Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. KRILL OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. KRILL OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. KRILL OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. KRILL OIL - GLOBAL MARKET OVERVIEW
6.2. KRILL OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. KRILL OIL MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. LIQUID
7.3.1. Overview
7.3.2. Liquid Market Forecast and Analysis
7.4. TABLETS
7.4.1. Overview
7.4.2. Tablets Market Forecast and Analysis
7.5. SOFT-GELS
7.5.1. Overview
7.5.2. Soft-gels Market Forecast and Analysis
7.6. CAPSULES
7.6.1. Overview
7.6.2. Capsules Market Forecast and Analysis
8. KRILL OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. DIETARY SUPPLEMENTS
8.3.1. Overview
8.3.2. Dietary Supplements Market Forecast and Analysis
8.4. ANIMAL FEED
8.4.1. Overview
8.4.2. Animal Feed Market Forecast and Analysis
8.5. FUNCTIONAL FOOD AND BEVERAGES
8.5.1. Overview
8.5.2. Functional Food and Beverages Market Forecast and Analysis
8.6. PHARMACEUTICALS
8.6.1. Overview
8.6.2. Pharmaceuticals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. KRILL OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Krill Oil Market Overview
9.1.2 North America Krill Oil Market Forecasts and Analysis
9.1.3 North America Krill Oil Market Forecasts and Analysis - By Form
9.1.4 North America Krill Oil Market Forecasts and Analysis - By Applications
9.1.5 North America Krill Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Krill Oil Market
9.1.5.1.1 United States Krill Oil Market by Form
9.1.5.1.2 United States Krill Oil Market by Applications
9.1.5.2 Canada Krill Oil Market
9.1.5.2.1 Canada Krill Oil Market by Form
9.1.5.2.2 Canada Krill Oil Market by Applications
9.1.5.3 Mexico Krill Oil Market
9.1.5.3.1 Mexico Krill Oil Market by Form
9.1.5.3.2 Mexico Krill Oil Market by Applications
9.2. EUROPE
9.2.1 Europe Krill Oil Market Overview
9.2.2 Europe Krill Oil Market Forecasts and Analysis
9.2.3 Europe Krill Oil Market Forecasts and Analysis - By Form
9.2.4 Europe Krill Oil Market Forecasts and Analysis - By Applications
9.2.5 Europe Krill Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Krill Oil Market
9.2.5.1.1 Germany Krill Oil Market by Form
9.2.5.1.2 Germany Krill Oil Market by Applications
9.2.5.2 France Krill Oil Market
9.2.5.2.1 France Krill Oil Market by Form
9.2.5.2.2 France Krill Oil Market by Applications
9.2.5.3 Italy Krill Oil Market
9.2.5.3.1 Italy Krill Oil Market by Form
9.2.5.3.2 Italy Krill Oil Market by Applications
9.2.5.4 United Kingdom Krill Oil Market
9.2.5.4.1 United Kingdom Krill Oil Market by Form
9.2.5.4.2 United Kingdom Krill Oil Market by Applications
9.2.5.5 Russia Krill Oil Market
9.2.5.5.1 Russia Krill Oil Market by Form
9.2.5.5.2 Russia Krill Oil Market by Applications
9.2.5.6 Rest of Europe Krill Oil Market
9.2.5.6.1 Rest of Europe Krill Oil Market by Form
9.2.5.6.2 Rest of Europe Krill Oil Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Krill Oil Market Overview
9.3.2 Asia-Pacific Krill Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Krill Oil Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Krill Oil Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Krill Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Krill Oil Market
9.3.5.1.1 Australia Krill Oil Market by Form
9.3.5.1.2 Australia Krill Oil Market by Applications
9.3.5.2 China Krill Oil Market
9.3.5.2.1 China Krill Oil Market by Form
9.3.5.2.2 China Krill Oil Market by Applications
9.3.5.3 India Krill Oil Market
9.3.5.3.1 India Krill Oil Market by Form
9.3.5.3.2 India Krill Oil Market by Applications
9.3.5.4 Japan Krill Oil Market
9.3.5.4.1 Japan Krill Oil Market by Form
9.3.5.4.2 Japan Krill Oil Market by Applications
9.3.5.5 South Korea Krill Oil Market
9.3.5.5.1 South Korea Krill Oil Market by Form
9.3.5.5.2 South Korea Krill Oil Market by Applications
9.3.5.6 Rest of Asia-Pacific Krill Oil Market
9.3.5.6.1 Rest of Asia-Pacific Krill Oil Market by Form
9.3.5.6.2 Rest of Asia-Pacific Krill Oil Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Krill Oil Market Overview
9.4.2 Middle East and Africa Krill Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Krill Oil Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Krill Oil Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Krill Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Krill Oil Market
9.4.5.1.1 South Africa Krill Oil Market by Form
9.4.5.1.2 South Africa Krill Oil Market by Applications
9.4.5.2 Saudi Arabia Krill Oil Market
9.4.5.2.1 Saudi Arabia Krill Oil Market by Form
9.4.5.2.2 Saudi Arabia Krill Oil Market by Applications
9.4.5.3 U.A.E Krill Oil Market
9.4.5.3.1 U.A.E Krill Oil Market by Form
9.4.5.3.2 U.A.E Krill Oil Market by Applications
9.4.5.4 Rest of Middle East and Africa Krill Oil Market
9.4.5.4.1 Rest of Middle East and Africa Krill Oil Market by Form
9.4.5.4.2 Rest of Middle East and Africa Krill Oil Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Krill Oil Market Overview
9.5.2 South and Central America Krill Oil Market Forecasts and Analysis
9.5.3 South and Central America Krill Oil Market Forecasts and Analysis - By Form
9.5.4 South and Central America Krill Oil Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Krill Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Krill Oil Market
9.5.5.1.1 Brazil Krill Oil Market by Form
9.5.5.1.2 Brazil Krill Oil Market by Applications
9.5.5.2 Argentina Krill Oil Market
9.5.5.2.1 Argentina Krill Oil Market by Form
9.5.5.2.2 Argentina Krill Oil Market by Applications
9.5.5.3 Rest of South and Central America Krill Oil Market
9.5.5.3.1 Rest of South and Central America Krill Oil Market by Form
9.5.5.3.2 Rest of South and Central America Krill Oil Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. KRILL OIL MARKET, KEY COMPANY PROFILES
11.1. AKER BIOMARINE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ERGOMAX
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NEPTUNE WELLNESS SOLUTIONS INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NORWEGIAN FISH OIL AS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NUTRACODE LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NUTRIGOLD INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NWC NATURALS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. QINGDAO KANGJING MARINE BIOTECHNOLOGY CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RIMFROST AS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SCHIFF NUTRITION INTERNATIONAL, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aker BioMarine
2. Ergomax
3. Neptune Wellness Solutions Inc
4. Norwegian Fish Oil AS
5. Nutracode LLC
6. NutriGold Inc.
7. NWC Naturals Inc.
8. Qingdao Kangjing Marine Biotechnology Co., LTD.
9. Rimfrost AS
10. Schiff Nutrition International, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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