Global Market Study on Krill Oil: Growing Preference for Functional Food Products to Aid Market Expansion

Global Market Study on Krill Oil: Growing Preference for Functional Food Products to Aid Market Expansion

  • Persistence Market Research
  • August 2021
  • Food
  • 171 pages

Report Description

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.

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Table of Contents

1. Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview

4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.2.4. Region-wise Average Sales Price (ASP) for Krill Oil by Grades. 2021–2031
4.2.4.1. Dark Red Krill Oil ASP Bulk & Unit Prices, 2021–2031
4.2.4.1. Dark Red Krill Oil ASP Bulk & Unit Prices, 2021–2031
4.3. Global Market Forecast, 2021–2031
4.3.1. Market Size (Value) Forecast
4.3.1.1. Y-o-Y Growth Projections
4.3.1.2. Absolute $ Opportunity
4.4. Market Trends
4.5. Global Market Snapshot (2021)
4.5.1. Market Share By Form
4.5.2. Market Share By Application
4.5.3. Market Share By Geography

5. Global Krill Oil Market Analysis, By Form
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Form
5.1.2. Basis Point Share (BPS) Analysis, By Form
5.2. Market Forecast By Form
5.2.1. Liquid
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast, By Region
5.2.2. Tablets
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast, By Region
5.2.2.3. Total Market Opportunity By Sub- Segments
5.2.2.3.1. Softgel
5.2.2.3.2. Capsules
5.3. Market Attractiveness Analysis, By Form
5.4. Prominent Trends

6. Global Market Analysis, By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Application
6.1.2. Basis Point Share (BPS) Analysis, By Application
6.2. Market Forecast By Application
6.2.1. Dietary Supplements
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast, By Region
6.2.2. Functional Food & Beverages
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast, By Region
6.2.3. Pharmaceutical
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast, By Region
6.2.4. Pet Food & Animal Feed
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Value Forecast, By Region
6.2.5. Others (Infant Formula)
6.2.5.1. Absolute $ Opportunity
6.2.5.2. Market Value Forecast, By Region
6.3. Market Attractiveness Analysis, By Application

7. Global Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
7.2. Market Forecast By Region
7.2.1. North America Market Value Forecast
7.2.2. Latin America Market Value Forecast
7.2.3. Asia Pacific Incl. Japan Market Value Forecast
7.2.4. Western Europe Market Value Forecast
7.2.5. Eastern Europe Market Value Forecast
7.2.6. Middle East & Africa Market Value Forecast
7.3. Regional Attractiveness Analysis

8. North America Market Analysis
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Country
8.1.2. Basis Point Share (BPS) Analysis, By Country
8.1.3. Key Trends
8.2. North America Market Forecast
8.2.1. Market Value Forecast By Country
8.2.1.1. U.S. Absolute $ Opportunity
8.2.1.2. Canada Absolute $ Opportunity
8.2.2. Market Value Forecast By Form
8.2.2.1. Liquid
8.2.2.2. Tablets
8.2.3. Market Value Forecast By Application
8.2.3.1. Dietary Supplements
8.2.3.2. Functional Food & Beverages
8.2.3.3. Pharmaceuticals
8.2.3.4. Pet Food & Animal Feed
8.2.3.5. Others (Infant Formula)
8.2.4. Market Attractiveness Analysis
8.2.4.1. By Country
8.2.4.2. By Form
8.2.4.3. By Application

9. Latin America Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.1.3. Key Trends
9.2. Latin America Market Forecast
9.2.1. Market Value Forecast By Country
9.2.1.1. Mexico Absolute $ Opportunity
9.2.1.2. Brazil Absolute $ Opportunity
9.2.1.3. Rest of Latin America Absolute $ Opportunity
9.2.2. Market Value Forecast By Form
9.2.2.1. Liquid
9.2.2.2. Tablets
9.2.3. Market Value Forecast By Application
9.2.3.1. Dietary Supplements
9.2.3.2. Functional Food & Beverages
9.2.3.3. Pharmaceuticals
9.2.3.4. Pet Food & Animal Feed
9.2.3.5. Others (Infant Formula)
9.2.4. Market Attractiveness Analysis
9.2.4.1. By Country
9.2.4.2. By Form
9.2.4.3. By Application
9.2.5. Drivers & Restraints: Impact Analysis

10. Western Europe Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country / Region
10.1.2. Basis Point Share (BPS) Analysis, By Country / Region
10.1.3. Key Trends
10.2. Western Europe Market Forecast
10.2.1. Market Value Forecast By Country/Region
10.2.1.1. Norway Absolute $ Opportunity
10.2.1.2. U.K. Absolute $ Opportunity
10.2.1.3. Italy Absolute $ Opportunity
10.2.1.4. Nordic Absolute $ Opportunity
10.2.1.5. Rest of Western Europe Absolute $ Opportunity
10.2.2. Market Value Forecast By Form
10.2.2.1. Liquid
10.2.2.2. Tablets
10.2.3. Market Value Forecast By Application
10.2.3.1. Dietary Supplements
10.2.3.2. Functional Food & Beverages
10.2.3.3. Pharmaceuticals
10.2.3.4. Pet Food & Animal Feed
10.2.3.5. Others (Infant Formula)
10.2.4. Market Attractiveness Analysis
10.2.4.1. By Country
10.2.4.2. By Form
10.2.4.3. By Application

11. Eastern Europe Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country / Region
11.1.2. Basis Point Share (BPS) Analysis, By Country / Region
11.1.3. Key Trends
11.2. Eastern Europe Market Forecast
11.2.1. Market Value Forecast By Country/Region
11.2.1.1. Russia Absolute $ Opportunity
11.2.1.2. Poland Absolute $ Opportunity
11.2.1.3. Ukraine Absolute $ Opportunity
11.2.1.4. Rest of Eastern Europe Absolute $ Opportunity
11.2.2. Market Value Forecast By Form
11.2.2.1. Liquid
11.2.2.2. Tablets
11.2.3. Market Value Forecast By Application
11.2.3.1. Dietary Supplements
11.2.3.2. Functional Food & Beverages
11.2.3.3. Pharmaceuticals
11.2.3.4. Pet Food & Animal Feed
11.2.3.5. Others (Infant Formula)
11.2.4. Market Attractiveness Analysis
11.2.4.1. By Country
11.2.4.2. By Form
11.2.4.3. By Application

12. APAC Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country / Region
12.1.3. Key Trends
12.2. APAC Market Forecast
12.2.1. Market Value Forecast By Country/Region
12.2.1.1. China Absolute $ Opportunity
12.2.1.2. Japan Absolute $ Opportunity
12.2.1.3. India Absolute $ Opportunity
12.2.1.4. Rest of APAC Absolute $ Opportunity
12.2.2. Market Value Forecast By Form
12.2.2.1. Liquid
12.2.2.2. Tablets
12.2.3. Market Value Forecast By Application
12.2.3.1. Dietary Supplements
12.2.3.2. Functional Food & Beverages
12.2.3.3. Pharmaceuticals
12.2.3.4. Pet Food & Animal Feed
12.2.3.5. Others (Infant Formula)
12.2.4. Market Attractiveness Analysis
12.2.4.1. By Country
12.2.4.2. By Form
12.2.4.3. By Application

13. Middle East & Africa Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Country / Region
13.1.2. Basis Point Share (BPS) Analysis, By Country / Region
13.1.3. Key Trends
13.2. Middle East & Africa Market Forecast
13.2.1. Market Value Forecast By Country/Region
13.2.1.1. GCC Absolute $ Opportunity
13.2.1.2. Israel Absolute $ Opportunity
13.2.1.3. Africa Absolute $ Opportunity
13.2.1.4. Rest of MEA Absolute $ Opportunity
13.2.2. Market Value Forecast By Form
13.2.2.1. Liquid
13.2.2.2. Tablets
13.2.3. Market Value Forecast By Application
13.2.3.1. Dietary Supplements
13.2.3.2. Functional Food & Beverages
13.2.3.3. Pharmaceuticals
13.2.3.4. Pet Food & Animal Feed
13.2.3.5. Others (Infant Formula)
13.2.4. Market Attractiveness Analysis
13.2.4.1. By Country
13.2.4.2. By Form
13.2.4.3. By Application

14. Competition Landscape
14.1. Competition Dashboard
14.2. Company Profiles
14.2.1. Neptune Biotech
14.2.1.1. Company Overview
14.2.1.2. Product Portfolio
14.2.1.3. Recent Developments
14.2.1.4. Key Strategies
14.2.2. Aker BioMarine AS
14.2.3. Enzymotec Ltd
14.2.4. Fuji Chemicals
14.2.5. Krill Canada
14.2.6. Rimfrost
14.2.7. Norwegian Fish Oil
14.2.8. Darduck Frd (AntaMEGA Krill oil)
14.2.9. Quingdao Kangjing Marine Biotechnology Co. Ltd.

 

List Of Tables

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: Global Krill Oil Market Value and Forecast, by Region (US$ Mn), 2021–2031
Table 18: North America Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 19: North America Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
Table 20: Latin America Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 21: Latin America Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
Table 22: Western Europe Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 23: Western Europe Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
Table 24: Eastern Europe Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 25: Eastern Europe Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
Table 26: APAC Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 27: APAC Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031
Table 28: MEA Krill Oil Market Value and Forecast, by Form (US$ Mn), 2021–2031
Table 29: MEA Krill Oil Market Value and Forecast, by Application (US$ Mn), 2021–2031

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