Krill Oil Market Outlook (2024-2031)

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Krill oil, derived from tiny Antarctic crustaceans, is rich in omega-3 fatty acids, particularly EPA and DHA, which are beneficial for heart, brain, and joint health. It is more easily absorbed than fish oil due to its phospholipid content and contains the antioxidant astaxanthin. Krill oil supports cardiovascular health, reduces inflammation, and may alleviate PMS symptoms. However, those with seafood allergies or on blood-thinning medications should consult a healthcare provider before use.

Krill Oil Market Overview

Krill Oil Market Expected to reach at a high CAGR of 11.4% by 2031:

Krill oil is derived from a small, shrimp-like creature called krill, which is the primary food source for baleen whales, manta rays, and whale sharks. In Norwegian, " krill " means "whale food."

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Krill Oil Market Growth Trends

The demand for krill oil is rising due to the growing elderly population and the increased incidence of gastrointestinal diseases. Additionally, heightened consumer awareness of health and well-being is driving demand for dietary supplements. Socio-economic and upper-middle-class individuals are increasingly focusing on personal care through dietary supplements like krill oil, propelling the market growth during the forecast period. Technological advancements in the production of pharmaceutical components and potent active ingredients are expected to boost the demand for omega-3. Consequently, the overall market for krill oil, a rich source of omega-3, is projected to expand.

Heart disease, exacerbated by high cholesterol levels, affects many individuals worldwide. Krill oil appears to lower blood lipids and cholesterol, reducing the risk of heart disease, which is a significant factor contributing to the booming global krill oil industry. According to the American Academy of Dermatology, acne affects 50 million Americans, and other skin conditions like atopic dermatitis, psoriasis, and rosacea are also prevalent. Krill oil can help reduce body inflammation, benefiting these conditions.

However, the high production cost of krill oil is hindering market growth. Additionally, side effects such as nausea and the presence of alternative oils are also limiting the market's expansion.

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The Krill Oil Market is segmented 

By Product Type:  Capsules, Soft Gels, Others

By Distribution Channel:  Online Stores, Supermarkets and hypermarkets, Departmental Stores, Retail Stores, Others

By Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Krill Oil Market Companies

·         Aker Biomarine AS

·         RIMFROST AS

·         Sona

·         Nutrigold

·         Walgreen Co.

·         Onnit Labs, Inc.

·         Organika Health Products Inc.

·         Essential Nutrition Europe (International Natural Products GmbH)

·         Seroyal

·         Nutrisan

Related Reports

Fish Oil Market

Base Oil Market

Olive Oil Market  

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