Krill Oil Market Projections Expect to Reach $1,991.9 Million by 2034
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The global market for krill oil supplements is experiencing significant growth, with a compound annual growth rate (CAGR) of 8.5% projected between 2025 and 2034. This expansion is driven by various factors, including consumer health awareness, substantial disposable income, and robust retail and e-commerce infrastructure, particularly in North America.
In North America, the market is dominated by key players such as Aker BioMarine, Norwegian Fish Oil AS, and Schiff Nutrition International, Inc. (Reckitt). Aker BioMarine is focusing on advancing its Krill Horizon program for transparent and eco-friendly harvesting, while Norwegian Fish Oil AS has invested in facility upgrades to increase production capacity and ensure stringent quality control for its krill oil products. The company has also obtained various third-party certifications, like GOED and MSC, to guarantee purity and sustainability.
Schiff Nutrition International, Inc. is concentrating on educational campaigns about the benefits of phospholipid-bound omega-3s for heart health. Meanwhile, Aker BioMarine has published new clinical research on Superba Boost, a krill oil formulation designed specifically to support mental clarity and focus.
Rimfrost AS, another prominent player, has launched Rimfrost Krill Oil-2, a new, more concentrated krill oil ingredient for improved efficacy in a smaller capsule size. NutriGold Inc. has also introduced new third-party testing protocols for its Krill Gold supplements, specifically screening for emerging environmental contaminants.
In terms of market share, dietary supplements lead with a 58.7% share in the Global Oil Supplements market in 2024. Within the krill oil supplements market, capsules held a 68.2% market share, and drug stores & pharmacies held a 32.9% share.
It's worth noting that while fish oil costs 1-15 cents per 100 mg of EPA+DHA, krill oil averages 30 cents per 100 mg. Despite higher costs and less clarity around lipid effects, krill oil is gaining ground in the market due to consumer-friendly marketing and rising demand for convenient, premium supplements.
The Global Krill Oil Supplements Market is projected to reach USD 1,991.9 million by 2034. Krill oil provides 45-200 mg of EPA and DHA per softgel, compared to fish oil's 300-2,250 mg. However, the lower dosage per serving is offset by the convenience and potential benefits of phospholipid-bound omega-3s.
In conclusion, the krill oil supplements market is poised for continued growth, driven by key players' innovations, consumer demand for premium, convenient supplements, and the benefits of phospholipid-bound omega-3s. As the market expands, it's essential to maintain a focus on sustainability, quality, and transparency to meet consumer expectations.
