The Krill Oil Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 10.9%

Krill Oil Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Krill Oil Market size is expected to reach $2 billion by 2031, rising at a market growth of 10.9% CAGR during the forecast period.

Manufacturers are developing innovative formulations to improve the stability and shelf life of krill oil supplements. Flavored soft gel capsules and liquid supplements are becoming increasingly popular, addressing krill oil's taste and odor issues. Krill oil combines other beneficial ingredients to offer multiple health benefits in a single supplement. Ongoing research into the health benefits of krill oil and its effectiveness in various health conditions is driving innovation in the market.

The Liquid segment is leading the Global Krill Oil Market by Product Type in 2023, thereby, achieving a market value of $725.9 million by 2031.  The body quickly absorbs liquid krill oil, delivering omega-3 fatty acids and other nutrients faster. The phospholipid form of omega-3s in liquid krill oil enhances absorption and bioavailability, ensuring the body can efficiently utilize the nutrients. Liquid krill oil eliminates the need for a capsule shell, which may contain additives or allergens that some consumers wish to avoid. This makes liquid krill oil a purer and more natural form of supplementation.

The Dietary Supplements segment is registering a CAGR of 10.2 % during the forecast period. The astaxanthin in krill oil is a potent antioxidant that helps protect the skin from oxidative damage caused by free radicals. Krill oil may help reduce the signs of aging, including wrinkles, fine lines, and age spots, by promoting skin hydration and elasticity. Krill oil supplements are available in various forms, including soft gel capsules, liquid supplements, and functional foods, making them convenient for daily use. Krill oil can be easily incorporated into daily dietary routines, offering a convenient way to ensure an adequate intake of omega-3 fatty acids and other essential nutrients.

Full Report: https://www.kbvresearch.com/krill-oil-market/

The North America region dominated the Global Krill Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $728.4 million by 2031. The Europe region is anticipated to grow at a CAGR of 10.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 11.7% during (2024 - 2031).

List of Key Companies Profiled

• Fuji Chemical Industries Co., Ltd.
• Aker BioMarine AS
• Nutrigold Inc.
• NWC Naturals, Inc.
• Coastside Bio Resources
• Nutracode LLC
• Schiff Nutrition International, Inc. (Reckitt Benckiser Group plc)
• Quingdao Kangjing Marine Biotechnology Co. Ltd.
• Rimfrost AS
• Norwegian Fish Oil AS

Krill Oil Market Report Segmentation

By Product Type

• Liquid
• Softgels
• Capsules

By Application

• Dietary Supplements
• Animal Food & Pet Food
• Functional Food & Beverages
• Pharmaceuticals
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

LAMEA Krill Oil Market Size, Industry Analysis Report 2031

• May-2024
• 83 Pages

North America Krill Oil Market Size | Forecast Report 2031

• May-2024
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Europe Krill Oil Market Size | Industry Research to 2031

• May-2024
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Asia Pacific Krill Oil Market Size | Growth Report to 2031

• May-2024
• 84 Pages