Worldwide Krill Oil Industry to 2025 - Rising Demand for Omega-3 Products -

DUBLIN--()--The "Krill Oil Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to's offering.

The global krill oil market is projected to grow at a CAGR of 11.71% during the forecast period (2020 - 2025).

Rising adoption of fish oil alternative is driving the krill oil market growth. Earlier, fish oil was only consumed on doctor recommendation but it has been increasing in the last few years, owing to the growing awareness regarding the health benefits of krill oil, which in turn boosting the market studied.

There is a growing demand for special/premium infant formula products. DHA and EPA are essential for infant brain development and immunity strength. The rising demand for supplements containing ingredients such as eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and omega-3 fatty acids is expected to augment the utilization of these products.

Companies Mentioned

  • Aker BioMarine
  • Coastside Bio Resources
  • Enzymotec Ltd
  • Neptune Wellness Solutions Inc.
  • NutriGold Inc.
  • NWC Naturals Inc.
  • Qingdao Kangjing Marine Biotechnology Co., Ltd
  • RB LLC
  • Olympic Seafood AS

Key Market Trends

Rising Demand for Omega-3 Products

Omega-3 products are essential supplements for fatty acids required by the human body for normal functioning and brain development. Though the amount of omega-3 EPA/DHA used to fortify infant formula is quite less, the demand for fortified products is expected to grow at a faster rate. Ongoing R&D in omega-3 fatty acids has become vital to food, pharmaceutical, and feed industries. Currently, omega-3 fatty acid derived from fish is commercially available.

However, other sources, such as fungi and algae, are still not as popular, despite being available in the market. The omega-3 products are obtained from various sources, like fish oil, krill oil, and algal oil. Fish oil dominates the market, in both volume and value consumption. DHA and EPA, which are present in omega-3 products, are essential for infant brain development and immunity strength. However, there are quality and sustainability concerns regarding omega-3 oils produced from fish and krill sources, challenging the producers of omega-3 fatty acids and their products.

Asia-Pacific Witnessed a Significant Market Growth

The Asia-Pacific is expected to be the fastest-growing market during the forecast period. The regional growth is driven by countries such as Japan and China on account of changing health and wellness trends in these countries. Europe holds the largest market share followed by North America. The Scandinavian countries in the European region are the major consumers of krill oil. The presence of krill oil manufacturers such as Aker BioMarine & Rimfrost AS and high raw material availability due to proximity to the Arctic Ocean are likely to play a key role in propelling growth during the forecast period.

Key Topics Covered:


1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study




4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Force Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry


5.1 By Form

5.1.1 Liquid

5.1.2 Tablet

5.2 By Application

5.2.1 Dietary Supplements

5.2.2 Pharmaceuticals

5.2.3 Pet Food and Animal Food

5.2.4 Functional Food and Beverages

5.3 Geography

5.3.1 North America United States Canada Mexico Rest of North America

5.3.2 Europe United Kingdom Germany France Russia Italy Spain Rest of Europe

5.3.3 Asia Pacific India China Japan Australia Rest of Asia-Pacific

5.3.4 South America Brazil Argentina Rest of South America

5.3.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa


6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles


For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900