North America Krill Oil Market Size, Share & Trends Analysis Report By Product Type (Liquid, Softgels and Capsules), By Application, By Country and Growth Forecast, 2024

List of Tables

The North America Krill Oil Market would witness market growth of 10.2% CAGR during the forecast period (2024-2031).

The US market dominated the North America Krill Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $521.9 million by 2031. The Canada market is experiencing a CAGR of 12.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.7% during (2024 - 2031).

The oil is primarily used as a dietary supplement due to its high omega-3 fatty acid content, specifically EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid). These fatty acids are essential for overall health, particularly heart, brain, and joint health. Krill supplements are often taken daily to ensure an adequate intake of omega-3 fatty acids, which may be lacking in the typical Western diet.

Krill helps maintain healthy cholesterol levels by increasing HDL (good) cholesterol and decreasing LDL (bad) cholesterol and triglycerides. Omega-3 fatty acids in oil support overall cardiovascular health by reducing the risk of heart disease, stroke, and other cardiovascular conditions. Krill supplements may help improve memory, concentration, and overall brain function. The supplements may help improve memory, concentration, and overall brain function.

Mexico has experienced significant growth in internet penetration and smartphone usage, driving the adoption of e-commerce platforms. Increased access to the internet and mobile devices has made it easier for consumers in Mexico to shop online for dietary supplements, including krill. E-commerce platforms offer consumers in Mexico convenient access to a wide range of oil products from the comfort of their homes. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Hence, the factors mentioned above will drive the regional market growth.

Based on Product Type, the market is segmented into Liquid, Softgels and Capsules. Based on Application, the market is segmented into Dietary Supplements, Animal Food & Pet Food, Functional Food & Beverages, Pharmaceuticals and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Fuji Chemical Industries Co., Ltd.
Aker BioMarine AS
Nutrigold Inc.
NWC Naturals, Inc.
Coastside Bio Resources
Nutracode LLC
Schiff Nutrition International, Inc. (Reckitt Benckiser Group plc)
Quingdao Kangjing Marine Biotechnology Co. Ltd.
Rimfrost AS
Norwegian Fish Oil AS

North America Krill Oil Market Report Segmentation

By Product Type

Liquid
Softgels
Capsules

By Application

Dietary Supplements
Animal Food & Pet Food
Functional Food & Beverages
Pharmaceuticals
Others

By Country

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Krill Oil Market, by Product Type
- 1.4.2North America Krill Oil Market, by Application
- 1.4.3North America Krill Oil Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Krill Oil Market by Product Type

4.1North America Liquid Market by Country
4.2North America Softgels Market by Country
4.3North America Capsules Market by Country

Chapter 5.North America Krill Oil Market by Application

5.1North America Dietary Supplements Market by Country
5.2North America Animal Food & Pet Food Market by Country
5.3North America Functional Food & Beverages Market by Country
5.4North America Pharmaceuticals Market by Country
5.5North America Others Market by Country

Chapter 6.North America Krill Oil Market by Country

6.1US Krill Oil Market
- 6.1.1US Krill Oil Market by Product Type
- 6.1.2US Krill Oil Market by Application
6.2Canada Krill Oil Market
- 6.2.1Canada Krill Oil Market by Product Type
- 6.2.2Canada Krill Oil Market by Application
6.3Mexico Krill Oil Market
- 6.3.1Mexico Krill Oil Market by Product Type
- 6.3.2Mexico Krill Oil Market by Application
6.4Rest of North America Krill Oil Market
- 6.4.1Rest of North America Krill Oil Market by Product Type
- 6.4.2Rest of North America Krill Oil Market by Application

Chapter 7.Company Profiles

7.1Fuji Chemical Industries Co., Ltd.
- 7.1.1Company Overview
- 7.1.2SWOT Analysis
7.2Aker BioMarine AS
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expenses
- 7.2.5Recent strategies and developments:
  - 7.2.5.1Partnerships, Collaborations, and Agreements:
  - 7.2.5.2Product Launches and Product Expansions:
- 7.2.6SWOT Analysis
7.3Nutrigold Inc.
- 7.3.1Company Overview
- 7.3.2SWOT Analysis
7.4NWC Naturals, Inc.
- 7.4.1Company Overview
7.5Coastside Bio Resources
- 7.5.1Company Overview
7.6Nutracode LLC
- 7.6.1Company Overview
7.7Schiff Nutrition International, Inc. (Reckitt Benckiser Group plc)
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Segmental and Regional Analysis
- 7.7.4Research & Development Expenses
- 7.7.5SWOT Analysis
7.8Quingdao Kangjing Marine Biotechnology Co. Ltd.
- 7.8.1Company Overview
7.9Rimfrost AS
- 7.9.1Company Overview
7.10.Norwegian Fish Oil AS
- 7.10.1Company Overview

LIST OF TABLES

TABLE 1North America Krill Oil Market, 2020 - 2023, USD Million
TABLE 2North America Krill Oil Market, 2024 - 2031, USD Million
TABLE 3North America Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 4North America Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 5North America Liquid Market by Country, 2020 - 2023, USD Million
TABLE 6North America Liquid Market by Country, 2024 - 2031, USD Million
TABLE 7North America Softgels Market by Country, 2020 - 2023, USD Million
TABLE 8North America Softgels Market by Country, 2024 - 2031, USD Million
TABLE 9North America Capsules Market by Country, 2020 - 2023, USD Million
TABLE 10North America Capsules Market by Country, 2024 - 2031, USD Million
TABLE 11North America Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 12North America Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 13North America Dietary Supplements Market by Country, 2020 - 2023, USD Million
TABLE 14North America Dietary Supplements Market by Country, 2024 - 2031, USD Million
TABLE 15North America Animal Food & Pet Food Market by Country, 2020 - 2023, USD Million
TABLE 16North America Animal Food & Pet Food Market by Country, 2024 - 2031, USD Million
TABLE 17North America Functional Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 18North America Functional Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 19North America Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 20North America Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 21North America Others Market by Country, 2020 - 2023, USD Million
TABLE 22North America Others Market by Country, 2024 - 2031, USD Million
TABLE 23North America Krill Oil Market by Country, 2020 - 2023, USD Million
TABLE 24North America Krill Oil Market by Country, 2024 - 2031, USD Million
TABLE 25US Krill Oil Market, 2020 - 2023, USD Million
TABLE 26US Krill Oil Market, 2024 - 2031, USD Million
TABLE 27US Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 28US Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 29US Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 30US Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 31Canada Krill Oil Market, 2020 - 2023, USD Million
TABLE 32Canada Krill Oil Market, 2024 - 2031, USD Million
TABLE 33Canada Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 34Canada Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 35Canada Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 36Canada Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 37Mexico Krill Oil Market, 2020 - 2023, USD Million
TABLE 38Mexico Krill Oil Market, 2024 - 2031, USD Million
TABLE 39Mexico Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 40Mexico Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 41Mexico Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 42Mexico Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 43Rest of North America Krill Oil Market, 2020 - 2023, USD Million
TABLE 44Rest of North America Krill Oil Market, 2024 - 2031, USD Million
TABLE 45Rest of North America Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 46Rest of North America Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 47Rest of North America Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 48Rest of North America Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 49Key Information - Fuji Chemical Industries Co., Ltd.
TABLE 50Key Information - Aker BioMarine AS
TABLE 51Key Information - Nutrigold Inc.
TABLE 52Key Information - NWC Naturals, Inc.
TABLE 53Key Information - Coastside Bio Resources
TABLE 54Key Information - Nutracode LLC
TABLE 55Key Information - Schiff Nutrition International, Inc.
TABLE 56Key Information - Quingdao Kangjing Marine Biotechnology Co. Ltd.
TABLE 57Key Information - Rimfrost AS
TABLE 58Key Information - Norwegian Fish Oil AS

North America Krill Oil Market Size, Share & Trends Analysis Report By Product Type (Liquid, Softgels and Capsules), By Application, By Country and Growth Forecast, 2024 - 2031

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