Global Market Study on Krill Oil: Growing Preference for Functional Food Products to Aid Market Expansion
Report Highlights
Krill Oil Market: Report Scope
Krill is a tiny shrimp-like crustacean that lives in oceans across the world. Krill is harvested as a food source for both, human beings and animals. Krill oil is extracted using both solvent and solvent-free extraction techniques. Krill oil offers several health benefits and consists of various essential nutrients including antioxidants such as astaxanthin and phospholipid-derived fatty acids (PLFA).
Astaxanthin acts as an antioxidant and also imparts the dark red color to krill oil. Krill oil is beneficial to persons suffering from high blood pressure, stroke, cancer, osteoarthritis, depression, and premenstrual syndrome (PMS). Krill oil is consumed in oil form, soft gel, and also can be added to functional foods & beverages, sports food, and infant food.
Krill oil & krill meal are used in pet and animal feed products to improve immunity, and to build overall strength. Krill oil pumps, pills, lotions, and other products are available in the market.
Increasing consumer inclination towards the maintenance of a healthy lifestyle via dietary supplements consumption and food fortification with omega-3 alternatives is a major trend propelling the growth of the krill oil market.
To understand and assess opportunities in this market, the report is categorically split into three sections namely, market analysis by form, application, and region. In the report, we have also analyzed the global krill oil market in terms of market value.
The report starts with an overview of the global krill oil market and usage of these products in specific markets across the globe. Persistence Market Research (PMR) covers the global krill oil market performance in terms of revenue and consumption. It includes Persistence Marker Research’s analysis of key trends, drivers, and restraints, from the supply-side and demand-side perspective.
Impact analysis of key growth drivers and restraints, based on the weighted average model, is included to better equip clients with crystal clear decision-making insights. The report further analyzes the global market on the basis of application and presents market size in terms of value during the forecast period (2021–2031).
Research Methodology
To deduce the krill oil market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, region, and application; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates.
The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the krill oil market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future.
Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the krill oil market.
To develop market forecasts, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market.
The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the krill oil market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market.
However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the krill oil market.
Further, to understand key segments in terms of their growth and overall krill oil market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the krill oil market.
- Table 1 : North America Average Selling Price for Bulk Quantity & Kg units, by Grades
- Table 2 : Latin America Average Selling Price for Bulk Quantity & Kg units, by Grades
- Table 3 : Europe Average Selling Price for Bulk Quantity & Kg units, by Grades
- Table 4 : APAC Average Selling Price for Bulk Quantity & Kg units, by Grades
- Table 5 : MEA Average Selling Price for Bulk Quantity & Kg units, by Grades
- Table 6 : Global Krill Oil Market Value and Forecast, by Region (US$ Mn), 2021–2031
- Table 7 : Global Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 8 : Global Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 9 : Global Krill Oil Market Value and Region-wise Forecast, by Liquid Segment (US$ Mn), 2021–2031
- Table 10 : Global Krill Oil Market Value and Region-wise Forecast, by Tablets Segment (US$ Mn), 2021–2031
- Table 11 : Global Krill Oil Market Value and Forecast, by Tablets Sub-segment (US$ Mn), 2021–2031
- Table 12 : Global Krill Oil Market Value and Region-wise Forecast, by Dietary Supplements Segment (US$ Mn), 2021–2031
- Table 13 : Global Krill Oil Market Value and Region-wise Forecast, by Functional Food & Beverages Segment (US$ Mn), 2021–2031
- Table 14 : Global Krill Oil Market Value and Region-wise Forecast, by Pharmaceuticals Segment (US$ Mn), 2021–2031
- Table 15 : Global Krill Oil Market Value and Region-wise Forecast, by Pet Food and Animal Feed Segment (US$ Mn), 2021–2031
- Table 16 : Global Krill Oil Market Value and Region-wise Forecast, by Others (Infant Formula) Segment (US$ Mn), 2021–2031
- Table 17 : North America Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 18 : North America Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 19 : Latin America Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 20 : Latin America Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 21 : Western Europe Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 22 : Western Europe Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 23 : Eastern Europe Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 24 : Eastern Europe Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 25 : APAC Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 26 : APAC Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Table 27 : MEA Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
- Table 28 : MEA Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
- Figure 1 : North America Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Dark Red Krill Oil
- Figure 2 : North America Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Light Red Krill Oil
- Figure 3 : Latin America Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Dark Red Krill Oil
- Figure 4 : Latin America Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Light Red Krill Oil
- Figure 5 : Europe Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Dark Red Krill Oil
- Figure 6 : Europe Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Light Red Krill Oil
- Figure 7 : APAC Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Dark Red Krill Oil
- Figure 8 : APAC Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Light Red Krill Oil
- Figure 9 : MEA Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Dark Red Krill Oil
- Figure 10 : MEA Krill Oil ASP (2020–2031) & Y-o-Y Growth Forecast (2021–2031), by Light Red Krill Oil
- Figure 11 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 12 : Global Krill Oil Market Value and Absolute $ Opportunity, 2021–2031
- Figure 13 : Global Krill Oil Market Value Share and BPS Analysis, by Form, 2021 & 2031
- Figure 14 : Global Krill Oil Market Y-o-Y Growth Comparison, by Form, 2021–2031
- Figure 15 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Liquid Segment
- Figure 16 : Global Krill Oil Market Value & Absolute $ Opportunity, by Liquid Segment, 2021–2031
- Figure 17 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Tablets Segment
- Figure 18 : Global Krill Oil Market Value & Absolute $ Opportunity, by Tablets Segment, 2021–2031
- Figure 19 : Global Krill Oil Market Attractiveness, by Form, 2031
- Figure 20 : Global Krill Oil Market Value Share and BPS Analysis, by Application, 2021 & 2031
- Figure 21 : Global Krill Oil Market Y-o-Y Growth Comparison, by Application, 2021–2031
- Figure 22 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Dietary Supplement Segment
- Figure 23 : Global Krill Oil Market Value & Absolute $ Opportunity, by Dietary Supplement Segment, 2021–2031
- Figure 24 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Functional Food & Beverages Segment
- Figure 25 : Global Krill Oil Market Value & Absolute $ Opportunity, by Functional Food & Beverages Segment, 2021–2031
- Figure 26 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Pharmaceuticals Segment
- Figure 27 : Global Krill Oil Market Value & Absolute $ Opportunity, by Pharmaceuticals Segment, 2021–2031
- Figure 28 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Pet Food and Animal Feed Segment
- Figure 29 : Global Krill Oil Market Value & Absolute $ Opportunity, by Pet Food and Animal Feed Segment, 2021–2031
- Figure 30 : Global Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031), by Others (Infant Formula) Segment
- Figure 31 : Global Krill Oil Market Value & Absolute $ Opportunity, by Others (Infant Formula) Segment, 2021–2031
- Figure 32 : Global Krill Oil Market Attractiveness Analysis, by Application, 2031
- Figure 33 : Global Krill Oil Market Value Share and BPS Analysis, by Region, 2021 & 2031
- Figure 34 : Global Krill Oil Market Y-o-Y Growth Comparison, by Region, 2021–2031
- Figure 35 : Global Krill Oil Market Attractiveness Analysis, by Region, 2031
- Figure 36 : North America Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 37 : North America Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 38 : U.S. Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 39 : U.S. Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 40 : Canada Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 41 : Canada Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 42 : North America Krill Oil Market Attractiveness, by Form, 2031
- Figure 43 : North America Krill Oil Market Attractiveness, by Application, 2031
- Figure 44 : North America Krill Oil Market Attractiveness, by Country, 2031
- Figure 45 : Latin America Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 46 : Latin America Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 47 : Brazil Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 48 : Brazil Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 49 : Mexico Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 50 : Mexico Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 51 : Rest of Latin America Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 52 : Rest of Latin America Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 53 : Latin America Krill Oil Market Attractiveness, by Form, 2031
- Figure 54 : Latin America Krill Oil Market Attractiveness, by Application, 2031
- Figure 55 : Latin America Krill Oil Market Attractiveness, by Country, 2031
- Figure 56 : Western Europe Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 57 : Western Europe Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 58 : Norway Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 59 : Norway Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 60 : U.K. Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 61 : U.K. Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 62 : Nordic Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 63 : Nordic Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 64 : Italy Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 65 : Italy Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 66 : Rest of Western Europe Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 67 : Rest of Western Europe Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 68 : Western Europe Krill Oil Market Attractiveness, by Form, 2031
- Figure 69 : Western Europe Krill Oil Market Attractiveness, by Application, 2031
- Figure 70 : Western Europe Krill Oil Market Attractiveness, by Country,
- Figure 71 : Eastern Europe Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 72 : Eastern Europe Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 73 : Russia Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 74 : Russia Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 75 : Poland Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 76 : Poland Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 77 : Ukraine Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 78 : Ukraine Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 79 : Rest of Eastern Europe Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 80 : Rest of Eastern Europe Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 81 : Eastern Europe Krill Oil Market Attractiveness, by Form, 2031
- Figure 82 : Eastern Europe Krill Oil Market Attractiveness, by Application, 2031
- Figure 83 : Eastern Europe Krill Oil Market Attractiveness, by Country, 2031
- Figure 84 : APAC Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 85 : APAC Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 86 : India Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 87 : India Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 88 : China Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 89 : China Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 90 : Japan Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 91 : Japan Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 92 : Rest of APAC Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 93 : Rest of APAC Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 94 : APAC Krill Oil Market Attractiveness, by Form, 2031
- Figure 95 : APAC Krill Oil Market Attractiveness, by Application, 2031
- Figure 96 : APAC Krill Oil Market Attractiveness, by Country, 2031
- Figure 97 : MEA Krill Oil Market Value Share and BPS Analysis, by Country, 2021 & 2031
- Figure 98 : MEA Krill Oil Market Y-o-Y Growth Comparison, by Country, 2021–2031
- Figure 99 : GCC Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 100 : GCC Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 101 : Israel Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 102 : Israel Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 103 : Africa Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 104 : Africa Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 105 : Rest of MEA Krill Oil Market Value (2021–2031) & Y-o-Y Growth Forecast (2021–2031)
- Figure 106 : Rest of MEA Krill Oil Market Value & Absolute $ Opportunity, 2021–2031
- Figure 107 : MEA Krill Oil Market Attractiveness, by Form, 2031
- Figure 108 : MEA Krill Oil Market Attractiveness, by Application, 2031
- Figure 109 : MEA Krill Oil Market Attractiveness, by Country, 2031
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