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

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.

Free Valuable Insights: The Worldwide Krill Oil Market is Projected to reach USD 2 Billion by 2031, at a CAGR of 10.9%

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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Krill Oil Market, by Product Type
1.4.2 LAMEA Krill Oil Market, by Application
1.4.3 LAMEA Krill Oil Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. LAMEA Krill Oil Market by Product Type
4.1 LAMEA Liquid Market by Country
4.2 LAMEA Softgels Market by Country
4.3 LAMEA Capsules Market by Country

Chapter 5. LAMEA Krill Oil Market by Application
5.1 LAMEA Dietary Supplements Market by Country
5.2 LAMEA Animal Food & Pet Food Market by Country
5.3 LAMEA Functional Food & Beverages Market by Country
5.4 LAMEA Pharmaceuticals Market by Country
5.5 LAMEA Others Market by Country

Chapter 6. LAMEA Krill Oil Market by Country
6.1 Brazil Krill Oil Market
6.1.1 Brazil Krill Oil Market by Product Type
6.1.2 Brazil Krill Oil Market by Application
6.2 Argentina Krill Oil Market
6.2.1 Argentina Krill Oil Market by Product Type
6.2.2 Argentina Krill Oil Market by Application
6.3 UAE Krill Oil Market
6.3.1 UAE Krill Oil Market by Product Type
6.3.2 UAE Krill Oil Market by Application
6.4 Saudi Arabia Krill Oil Market
6.4.1 Saudi Arabia Krill Oil Market by Product Type
6.4.2 Saudi Arabia Krill Oil Market by Application
6.5 South Africa Krill Oil Market
6.5.1 South Africa Krill Oil Market by Product Type
6.5.2 South Africa Krill Oil Market by Application
6.6 Nigeria Krill Oil Market
6.6.1 Nigeria Krill Oil Market by Product Type
6.6.2 Nigeria Krill Oil Market by Application
6.7 Rest of LAMEA Krill Oil Market
6.7.1 Rest of LAMEA Krill Oil Market by Product Type
6.7.2 Rest of LAMEA Krill Oil Market by Application

Chapter 7. Company Profiles
7.1 Fuji Chemical Industries Co., Ltd.
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Aker BioMarine AS
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Nutrigold Inc.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 NWC Naturals, Inc.
7.4.1 Company Overview
7.5 Coastside Bio Resources
7.5.1 Company Overview
7.6 Nutracode LLC
7.6.1 Company Overview
7.7 Schiff Nutrition International, Inc. (Reckitt Benckiser Group plc)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Quingdao Kangjing Marine Biotechnology Co. Ltd.
7.8.1 Company Overview
7.9 Rimfrost AS
7.9.1 Company Overview
7.10. Norwegian Fish Oil AS
7.10.1 Company Overview

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

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Krill Oil Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Krill Oil Market
FIG 4 Porter’s Five Forces Analysis - Krill Oil Market
FIG 5 LAMEA Krill Oil Market share by Product Type, 2023
FIG 6 LAMEA Krill Oil Market share by Product Type, 2031
FIG 7 LAMEA Krill Oil Market by Product Type, 2020 - 2031, USD Million
FIG 8 LAMEA Krill Oil Market share by Application, 2023
FIG 9 LAMEA Krill Oil Market share by Application, 2031
FIG 10 LAMEA Krill Oil Market by Application, 2020 - 2031, USD Million
FIG 11 LAMEA Krill Oil Market share by Country, 2023
FIG 12 LAMEA Krill Oil Market share by Country, 2031
FIG 13 LAMEA Krill Oil Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Fuji Chemical Industries Co., Ltd.
FIG 15 Recent strategies and developments: Aker BioMarine AS
FIG 16 SWOT Analysis: Aker BioMarine AS
FIG 17 SWOT Analysis: Nutrigold Inc.
FIG 18 SWOT Analysis: Nutrigold Inc.