Krill Oil Market Forecast to Reach a Value of USD 1,991.9 Million by 2034
In the ever-evolving world of dietary supplements, krill oil supplements have been making waves, particularly in North America. According to market data from 2024, these supplements held a 68.2% market share in the Global Krill Oil Supplements marketplace, valued at USD 368.2 million in North America alone.
Krill oil supplements are gaining popularity for their versatile health benefits. They are touted to support heart health, ease joint discomfort, boost brain function, alleviate women's monthly discomfort, and improve skin health. The widespread availability of these supplements across mass retailers, health food stores, and online platforms in North America ensures strong consumer access.
One of the key factors contributing to the dominance of the Krill Oil Supplements market in North America is high consumer health awareness, substantial disposable income, and a robust retail and e-commerce infrastructure. Dietary supplements led with a 58.7% share in the Global Oil Supplements market in 2024.
Interestingly, while fish oil remains more established in reducing triglycerides by 20-50% at 4g daily doses, krill oil is gaining ground due to consumer-friendly marketing and rising demand for convenient, premium supplements. Krill oil typically provides 45-200 mg of EPA and DHA per softgel, compared to fish oil's 300-2,250 mg. However, price differentiates the two, with fish oil costing 1-15 cents per 100 mg of EPA+DHA, while krill oil averages 30 cents per 100 mg.
Several companies are pioneering innovative krill oil products to address taste, odor, and product stability challenges. Companies like Royal DSM, BASF SE, Evonik, Lonza, Cargill, and Croda International are focusing on sustainable and purified omega-3 sources with improvements in formulation and processing. Sirio Pharma Germany innovates with advanced softgel capsules designed to open in the intestine to prevent unpleasant aftertaste and improve user experience. ProVidaX offers Arctic krill oil products highlighting high purity EPA and DHA content for cognitive health benefits.
Notable players in the market, such as Schiff Nutrition International, Inc. (Reckitt), NutriGold Inc., Aker BioMarine, and Norwegian Fish Oil AS, are also investing in research, innovation, and sustainability. Schiff Nutrition International, for instance, is focusing on educational campaigns about the benefits of phospholipid-bound omega-3s for heart health, expanding distribution channels, and introducing new packaging designs to increase shelf appeal and consumer trust.
NutriGold Inc. has introduced new third-party testing protocols for its Krill Gold supplements, specifically screening for emerging environmental contaminants, and continues to emphasize eco-friendly practices in krill harvesting. Aker BioMarine is leading in sustainability and innovation, with recent developments focusing on advancing their Krill Horizon program and publishing new clinical research on Superba Boost. Norwegian Fish Oil AS has invested in significant facility upgrades to increase production capacity and ensure stringent quality control for its krill oil products, with a focus on obtaining and promoting third-party certifications like GOED and MSC.
Looking ahead, the Global Krill Oil Supplements Market is projected to reach USD 1,991.9 million by 2034, with a CAGR of 8.5% between 2025 and 2034. The U.S. spearheads growth in the North American Krill Oil Supplements market, driven by a culture of preventive healthcare and heavy investment in marketing, research, and innovation by key players.
In conclusion, the demand for krill oil supplements is on the rise, particularly in North America, due to their versatile health benefits, consumer-friendly marketing, and the growing preference for convenient, premium supplements. With ongoing research, innovation, and sustainability efforts by key players in the market, the future of krill oil supplements looks promising.
