The global market for krill oil is estimated to have a significant CAGR of around 10.8% during the forecast period. Krill oil is also an important alternative to fish oil and extracted from Antarctic krill species. Krill is a source of EPA and DHA. Fats found in krill oil makes easier for the body to use compared to the fish oil as most of the omega 3 fats in fish oil are stored in the triglycerides form. Krill oil may be highly efficient for fight against inflammation rather than other marine omega-3 sources. It contains astaxanthin, a pink-orange pigment that have anti-oxidant and anti-inflammatory effects. It is generally used for high cholesterol and heart disease. However, limited researches were reported to support such uses. The market is mainly driven due to various health benefits, growing awareness for nutritional foods across the globe.
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Segmental Outlook
The global market for krill oil is classified on the basis of product type and application. Based on the product type, the market is further classified into capsules, softgels, and liquids. The capsules segment are projected to have considerable share in the global market. The dietary supplements capsules are primarily used as a dosage form as they are available in a range of sizes and thereby offer various dosing options flexibility to the manufacturers. Other benefits of capsules over tablets include ease of formulation and handling, availability in several sizes, and attractive color options. Owing to the increasing focus towards making supplements highly effective, the manufacturers are using capsules as a dosage form, which in turn, is contributing to the significant share of capsules as a dosage form in dietary supplements. Based on the application, the global krill oil market is further segmented into functional food and beverages, dietary supplements, pharmaceuticals, others.
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Market Segmentation
Global Krill oil Market by Product Type
- Capsules
- Softgels
- Liquids
Global Krill oil Market by Application
- Functional food and beverages
- Dietary supplements
- Pharmaceuticals
- Others (Animal feed)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Arista Industries Inc
- Aker Biomarine Antarctic AS
- BASF SE
- ConnOils LLC
- Coastside Bio Resources
- DailyNutra LLC
- Douglas Laboratories
- Ergomax BV
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