1. Market Research
  2. > Seafood Market Trends
Krill Oil Market Size, Share & Trends Analysis Report By Product, By Application, By Region And Segment Forecasts, 2020 - 2027

Krill Oil Market Size, Share & Trends Analysis Report By Product, By Application, By Region And Segment Forecasts, 2020 - 2027

  • February 2020
  • 145 pages
  • ID: 5867032
  • Format: PDF
  • Grand View Research


Table of Contents

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

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on