Krill Oil Market Increasing Demand, Growth Analysis and Future Outlook by 2031/ Arista Industries Inc, Aker Biomarine Antarctic AS, BASF SE

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.

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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Krill oil Market Segmentation

By Product Type

Capsules
Softgels
Liquids
By Application

Functional food and beverages
Dietary supplements
Pharmaceuticals
Others (Animal feed)
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Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East & Africa
Company Profiles

Arista Industries Inc
Aker Biomarine Antarctic AS
BASF SE
ConnOils LLC
Coastside Bio Resources
DailyNutra LLC
Douglas Laboratories
Ergomax BV
Luhua Biomarine (Shandong) Co., Ltd.
Neptune Wellness Solutions Inc.
Norwegian Fish Oil AS
NutriGold Inc.
NWC Naturals Inc.
Nutracode LLC
Qingdao Kangjing Marine Biotechnology Co., LTD.
Rimfrost AS
Schiff Nutrition International, Inc.
Viva Naturals Inc.
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