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Krill Oil Supplements Market Trends

Report ID: GMI6967
Published Date: Oct 2023
Report Format: PDF

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Krill Oil Supplements Market Trends

There is the growing consumer interest sustainability and eco-friendly practices. Krill, the source of krill oil, is harvested from the Antarctic Ocean. Sustainable fishing practices have become essential to maintain krill populations and protect the delicate marine ecosystem. Many krill oil suppliers and brands emphasize their commitment to sustainable sourcing and eco-friendly practices to appeal to environmentally conscious consumers. To cater to diverse consumer preferences and health needs, manufacturers have been introducing innovative formulations of krill oil supplements. This includes combinations with other beneficial ingredients like vitamins, minerals, and antioxidants to address specific health concerns, such as heart health, joint support, or cognitive function.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of krill oil supplements reached USD 820 million in 2022 and is set to surpass USD 1.64 billion by 2032, led by rising adoption in various applications, such as dietary supplements, pharmaceuticals, and foods & beverages.

The dietary supplements segment held over 70% of the market share in 2022, attributed to the ongoing consumer shift toward preventive healthcare.

North America market size was valued at USD 292 million revenue in 2022, due to the development of innovative formulations along with the presence of well-established distribution channels for dietary supplements.

Some of the top firms engaged in the market are Aker BioMarine, Enzymotec Ltd., Neptune Krill Oil, RIMFROST AS, NutriGold Inc., Life Extension, and NOW Foods.