About Krill Oil
Krill oil is extracted from Euphausia Superba an Aquatic specie commonly found across Oceans. This Biproduct of Krill fish contains key ingredients namely Omega-3 Fats (Eicosapentaenoic Acid (EPA), and Docosahexaenoic Acid (DHA)), Phospholipids, and Choline these facilitate multiple Health benefits for Heart, Brain, Joint, Eye, Skincare, and Immune system. These elements in the Krill oil, unlike ordinary Fish oil, not only Modifies the cell structure, but also deposits Choline rich Phospholipids into it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Krill Oil market comprises of high degree of competition, well established players have an edge over the new entrants in terms of customer base & raw materials for their products & understand the consumer requirements well. Players are concentrated majority in north America, particularly in the United States. Currently key players are in the industry are looking to enhance their existing range of product by implementing advance technologies and investing in R&D plus at the same time deliver quality products for changing consumer taste & preference across core areas including healthcare. Significant merger & acquisitions have happened in the recent years thus indicating towards the growth potential in the krill Oil market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aker BioMarine (Norway), Coastside Bio Resources (United States), Neptune Wellness Solutions Inc. (Canada), NutriGold Inc. (India), Qingdao Kangjing Marine Biotechnology Co., Ltd. (China), NWC Naturals Inc. (United States), Daeduck FRD Inc. (South Korea), RIMFROST AS (Norway), Curivo Healthcare (India) and Epion Brands (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Enzymotec Inc. (Isarel) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Krill Oil market by Type (Liquid and Tablet), Application (Dietary Supplements, Pet and Animal Food, Food and Beverages and Pharmaceuticals) and Region.
On the basis of geography, the market of Krill Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Krill Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Blister will boost the Krill Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advance Extraction Techniques and Increasing R&D on in Healthcare industry
Market Growth Drivers:
Growing Health Awareness Among People and Rising Demand for Omega-3 Products due to its Health Benefits
Challenges:
Geographical access to Fisheries
Restraints:
Side Effects due to Direct Consumption and Significant portion of Population Allergic to Fish Bioproducts
Opportunities:
Growing Demand in Skin care Products and Unexplored Markets in Emerging Region
Market Leaders and their expansionary development strategies
In January, 2018 , Aker BioMarine along with Strategic Partnership with Frutarom, completed its Acquisition of Enzymotec’s Krill Oil Business valued at USD 21.6 Million.
In May 2022, Kori Krill Oil Launched New Supplement Uniquely Designed to Support Memory, Nervous System and Heart Health. As Concern Over Brain Health Increases in the U.S., Kori's Newest Launch Offers a Holistic Solution that combines powerful essential Omega-3s with complementary brain ingredients for a mind and body powerhouse.
Key Target Audience
New Entrants & Investors, Education and Research Institutions, Krill Oil Manufacturers, Suppliers, Distributers & Dealers of Krill Oil, End Use Industries, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.