Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 760 Million | USD 1628.3 Million | 11.5% | 2021 |
FrequentlyAsked Questions
It is projected that a growing awareness regarding the advantages of omega-3 fatty acids will fuel the market expansion of krill oil. Additionally, it is anticipated that increased consumption of DHA, which improves focus and mental acuity while sharpening the brain, will increase demand for krill oil.
According to the report, the global krill oil market size was worth around USD 760 million in 2021 and is predicted to grow to around USD 1628.3 million by 2028 with a compound annual growth rate (CAGR) of roughly 11.5% between 2022 and 2028.
The global krill oil market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major pharmaceutical companies as well as the growing prevalence of heart disease.
The global krill oil market is dominated by players like Neptune Wellness, AKER BIOMARINE, Rimfrost AS, RB Health (US) LLC, Norwegian Fish Oil AS, Nutrigold, ErgoMax Office, Qingdao Kangjing Marine Biotechnology Co., Ltd, NWC Naturals Inc., Nutracode LLC, among others.
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