Factors Affecting the Growth of the Global Krill Oil Industry:

Increasing Health Awareness:

One of the primary factors driving the global krill oil market is the growing awareness of health and wellness among consumers globally. Krill oil is recognized for its high concentration of omega-3 fatty acids, EPA and DHA, which are essential for maintaining heart health, reducing inflammation, and supporting brain function. Unlike fish oil, krill oil contains phospholipids, which allow for better absorption of these fatty acids by the body. Moreover, krill oil is a source of antioxidants, including astaxanthin, which further enhances its nutritional profile. As consumers become more informed about the benefits of omega-3 fatty acids and seek out products that offer superior absorption and efficacy, the demand for krill oil supplements has surged, propelling the market forward.

Growing Demand for Sustainable and Eco-Friendly Source:

Sustainability concerns are increasingly influencing consumer choices, driving demand for eco-friendly and sustainably sourced products. Krill oil is harvested from Antarctic krill, a biomass that is managed and monitored by the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR). This organization ensures that krill harvesting is conducted in a manner that does not adversely affect the Antarctic ecosystem and the species that depend on krill as a food source. Consumers are becoming more conscious of the environmental impact of their purchases, and the sustainable nature of krill oil production is a significant factor contributing to its growing popularity.

Technological Advancements:

Technological advancements in extraction and processing methods have significantly impacted the krill oil market. Modern techniques have improved the efficiency and purity of krill oil extraction, resulting in higher-quality products with better stability and longer shelf life. These advancements have also made it possible to extract krill oil with minimal environmental impact, enhancing its appeal to eco-conscious consumers. Furthermore, improved encapsulation technologies have led to the development of krill oil supplements that do not have the fishy aftertaste associated with traditional omega-3 supplements, making them more palatable to a broader audience. These technological innovations have lowered production costs, made krill oil supplements more accessible, and fueled market growth.

Leading Companies Operating in the  Industry:

Aker Biomarine Antarctic AS

Coastside Bio Resources

Ergomax B.V.

Krill Canada Sales Corporation

Neptune Wellness Solutions Inc.

Norwegian Fish Oil AS

NutriGold Inc.

NWC Naturals Inc.

Nutracode LLC

Qingdao Kangjing Marine Biotechnology Co. Ltd.

Rimfrost AS

Schiff Nutrition International Inc. (Reckitt Benckiser Group Plc).

For an in-depth analysis, you can refer sample copy of the report:  https://www.imarcgroup.com/krill-oil-market/requestsample