Krill Oil Supplements Market Size

Krill Oil Supplements Market Size

Krill Oil Supplements Market size was valued at USD 820 million in 2022 and is estimated to expand at 9.1% CAGR from 2023 to 2032. Krill oil supplements are derived from krill, a small crustacean found in the Southern Ocean. Krill oil is a good source of omega-3 fatty acids, EPA and DHA, which have been shown to have a number of health benefits, including cardiovascular health, joint health, and cognitive function.

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The growth of the krill oil supplements market is attributed to the increasing demand for krill oil supplements in various application, such as dietary supplements, pharmaceuticals, and foods & beverages. The geriatric population is more susceptible to chronic diseases such as cardiovascular disease and arthritis. Krill oil supplements have been shown to improve cardiovascular health and reduce joint pain, which is driving the demand for krill oil supplements from the geriatric population.

The major factors driving the krill oil supplements industry is the rising interest in natural and sustainable sources of omega-3 fatty acids. Unlike traditional fish oil supplements, which often raise concerns about overfishing and potential environmental impacts, krill oil is sourced from a highly sustainable and well-managed krill population in the Southern Ocean. This sustainability aspect has resonated with environmentally conscious consumers, leading to a preference for krill oil as a source of omega-3s. However, in some developing countries, there is a lack of awareness about the health benefits of krill oil supplements which is hindering the growth of the market.