LAMEA 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 Latin America, Middle East and Africa Krill Oil Market would witness market growth of 13.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Krill Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $43.1 million by 2031. The Argentina market is showcasing a CAGR of 14.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.1% during (2024 - 2031).

The oil is used as a nutritional supplement in animal feed to improve the health and well-being of livestock, poultry, and aquaculture species. Omega-3 fatty acids in oil promote healthy growth and development, improve feed conversion rates, and enhance the quality of meat, eggs, and dairy products. Increasing focus on preventive healthcare and wellness has led to a surge in demand for dietary supplements like this oil that support heart, brain, and joint health.

Consumers are increasingly concerned about sustainability and environmental impact. It is sourced from Antarctic krill, which is considered one of the most abundant and sustainable marine resources, making it an attractive choice for environmentally conscious consumers. It has superior bioavailability compared to traditional fish oil supplements, as it is bound to phospholipids rather than triglycerides.

As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. There is a growing awareness of the importance of health and wellness among consumers in the UAE. Oil, with its omega-3 fatty acids and other beneficial nutrients, is gaining popularity as a natural and effective way to support overall health and well-being in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA 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

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1LAMEA Krill Oil Market, by Product Type
- 1.4.2LAMEA Krill Oil Market, by Application
- 1.4.3LAMEA 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.LAMEA Krill Oil Market by Product Type

4.1LAMEA Liquid Market by Country
4.2LAMEA Softgels Market by Country
4.3LAMEA Capsules Market by Country

Chapter 5.LAMEA Krill Oil Market by Application

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

Chapter 6.LAMEA Krill Oil Market by Country

6.1Brazil Krill Oil Market
- 6.1.1Brazil Krill Oil Market by Product Type
- 6.1.2Brazil Krill Oil Market by Application
6.2Argentina Krill Oil Market
- 6.2.1Argentina Krill Oil Market by Product Type
- 6.2.2Argentina Krill Oil Market by Application
6.3UAE Krill Oil Market
- 6.3.1UAE Krill Oil Market by Product Type
- 6.3.2UAE Krill Oil Market by Application
6.4Saudi Arabia Krill Oil Market
- 6.4.1Saudi Arabia Krill Oil Market by Product Type
- 6.4.2Saudi Arabia Krill Oil Market by Application
6.5South Africa Krill Oil Market
- 6.5.1South Africa Krill Oil Market by Product Type
- 6.5.2South Africa Krill Oil Market by Application
6.6Nigeria Krill Oil Market
- 6.6.1Nigeria Krill Oil Market by Product Type
- 6.6.2Nigeria Krill Oil Market by Application
6.7Rest of LAMEA Krill Oil Market
- 6.7.1Rest of LAMEA Krill Oil Market by Product Type
- 6.7.2Rest of LAMEA 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 1LAMEA Krill Oil Market, 2020 - 2023, USD Million
TABLE 2LAMEA Krill Oil Market, 2024 - 2031, USD Million
TABLE 3LAMEA Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 4LAMEA Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 5LAMEA Liquid Market by Country, 2020 - 2023, USD Million
TABLE 6LAMEA Liquid Market by Country, 2024 - 2031, USD Million
TABLE 7LAMEA Softgels Market by Country, 2020 - 2023, USD Million
TABLE 8LAMEA Softgels Market by Country, 2024 - 2031, USD Million
TABLE 9LAMEA Capsules Market by Country, 2020 - 2023, USD Million
TABLE 10LAMEA Capsules Market by Country, 2024 - 2031, USD Million
TABLE 11LAMEA Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 12LAMEA Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 13LAMEA Dietary Supplements Market by Country, 2020 - 2023, USD Million
TABLE 14LAMEA Dietary Supplements Market by Country, 2024 - 2031, USD Million
TABLE 15LAMEA Animal Food & Pet Food Market by Country, 2020 - 2023, USD Million
TABLE 16LAMEA Animal Food & Pet Food Market by Country, 2024 - 2031, USD Million
TABLE 17LAMEA Functional Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 18LAMEA Functional Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 19LAMEA Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 20LAMEA Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 21LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 22LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 23LAMEA Krill Oil Market by Country, 2020 - 2023, USD Million
TABLE 24LAMEA Krill Oil Market by Country, 2024 - 2031, USD Million
TABLE 25Brazil Krill Oil Market, 2020 - 2023, USD Million
TABLE 26Brazil Krill Oil Market, 2024 - 2031, USD Million
TABLE 27Brazil Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 28Brazil Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 29Brazil Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 30Brazil Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 31Argentina Krill Oil Market, 2020 - 2023, USD Million
TABLE 32Argentina Krill Oil Market, 2024 - 2031, USD Million
TABLE 33Argentina Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 34Argentina Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 35Argentina Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 36Argentina Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 37UAE Krill Oil Market, 2020 - 2023, USD Million
TABLE 38UAE Krill Oil Market, 2024 - 2031, USD Million
TABLE 39UAE Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 40UAE Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 41UAE Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 42UAE Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 43Saudi Arabia Krill Oil Market, 2020 - 2023, USD Million
TABLE 44Saudi Arabia Krill Oil Market, 2024 - 2031, USD Million
TABLE 45Saudi Arabia Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 46Saudi Arabia Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 47Saudi Arabia Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 48Saudi Arabia Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 49South Africa Krill Oil Market, 2020 - 2023, USD Million
TABLE 50South Africa Krill Oil Market, 2024 - 2031, USD Million
TABLE 51South Africa Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 52South Africa Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 53South Africa Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 54South Africa Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 55Nigeria Krill Oil Market, 2020 - 2023, USD Million
TABLE 56Nigeria Krill Oil Market, 2024 - 2031, USD Million
TABLE 57Nigeria Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 58Nigeria Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 59Nigeria Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 60Nigeria Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 61Rest of LAMEA Krill Oil Market, 2020 - 2023, USD Million
TABLE 62Rest of LAMEA Krill Oil Market, 2024 - 2031, USD Million
TABLE 63Rest of LAMEA Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 64Rest of LAMEA Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 65Rest of LAMEA Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 66Rest of LAMEA Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 67Key Information - Fuji Chemical Industries Co., Ltd.
TABLE 68Key Information - Aker BioMarine AS
TABLE 69Key Information - Nutrigold Inc.
TABLE 70Key Information - NWC Naturals, Inc.
TABLE 71Key Information - Coastside Bio Resources
TABLE 72Key Information - Nutracode LLC
TABLE 73Key Information - Schiff Nutrition International, Inc.
TABLE 74Key Information - Quingdao Kangjing Marine Biotechnology Co. Ltd.
TABLE 75Key Information - Rimfrost AS
TABLE 76Key Information - Norwegian Fish Oil AS

LAMEA 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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