North America 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 North America Krill Oil Market would witness market growth of 10.2% CAGR during the forecast period (2024-2031).

The US market dominated the North America Krill Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $521.9 million by 2031. The Canada market is experiencing a CAGR of 12.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.7% during (2024 - 2031).

The oil is primarily used as a dietary supplement due to its high omega-3 fatty acid content, specifically EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid). These fatty acids are essential for overall health, particularly heart, brain, and joint health. Krill supplements are often taken daily to ensure an adequate intake of omega-3 fatty acids, which may be lacking in the typical Western diet.

Krill helps maintain healthy cholesterol levels by increasing HDL (good) cholesterol and decreasing LDL (bad) cholesterol and triglycerides. Omega-3 fatty acids in oil support overall cardiovascular health by reducing the risk of heart disease, stroke, and other cardiovascular conditions. Krill supplements may help improve memory, concentration, and overall brain function. The supplements may help improve memory, concentration, and overall brain function.

Mexico has experienced significant growth in internet penetration and smartphone usage, driving the adoption of e-commerce platforms. Increased access to the internet and mobile devices has made it easier for consumers in Mexico to shop online for dietary supplements, including krill. E-commerce platforms offer consumers in Mexico convenient access to a wide range of oil products from the comfort of their homes. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Hence, the factors mentioned above will drive the regional market growth.

Free Valuable Insights: The Krill Oil Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.

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

North America 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

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Krill Oil Market, by Product Type
1.4.2 North America Krill Oil Market, by Application
1.4.3 North America 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. North America Krill Oil Market by Product Type
4.1 North America Liquid Market by Country
4.2 North America Softgels Market by Country
4.3 North America Capsules Market by Country

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

Chapter 6. North America Krill Oil Market by Country
6.1 US Krill Oil Market
6.1.1 US Krill Oil Market by Product Type
6.1.2 US Krill Oil Market by Application
6.2 Canada Krill Oil Market
6.2.1 Canada Krill Oil Market by Product Type
6.2.2 Canada Krill Oil Market by Application
6.3 Mexico Krill Oil Market
6.3.1 Mexico Krill Oil Market by Product Type
6.3.2 Mexico Krill Oil Market by Application
6.4 Rest of North America Krill Oil Market
6.4.1 Rest of North America Krill Oil Market by Product Type
6.4.2 Rest of North America 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 North America Krill Oil Market, 2020 - 2023, USD Million
TABLE 2 North America Krill Oil Market, 2024 - 2031, USD Million
TABLE 3 North America Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 4 North America Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 5 North America Liquid Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Liquid Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Softgels Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Softgels Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Capsules Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Capsules Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 12 North America Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 13 North America Dietary Supplements Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Dietary Supplements Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Animal Food & Pet Food Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Animal Food & Pet Food Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Functional Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Functional Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Krill Oil Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Krill Oil Market by Country, 2024 - 2031, USD Million
TABLE 25 US Krill Oil Market, 2020 - 2023, USD Million
TABLE 26 US Krill Oil Market, 2024 - 2031, USD Million
TABLE 27 US Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 28 US Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 29 US Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 30 US Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 31 Canada Krill Oil Market, 2020 - 2023, USD Million
TABLE 32 Canada Krill Oil Market, 2024 - 2031, USD Million
TABLE 33 Canada Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 34 Canada Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 35 Canada Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 36 Canada Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 37 Mexico Krill Oil Market, 2020 - 2023, USD Million
TABLE 38 Mexico Krill Oil Market, 2024 - 2031, USD Million
TABLE 39 Mexico Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 40 Mexico Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 41 Mexico Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 42 Mexico Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 43 Rest of North America Krill Oil Market, 2020 - 2023, USD Million
TABLE 44 Rest of North America Krill Oil Market, 2024 - 2031, USD Million
TABLE 45 Rest of North America Krill Oil Market by Product Type, 2020 - 2023, USD Million
TABLE 46 Rest of North America Krill Oil Market by Product Type, 2024 - 2031, USD Million
TABLE 47 Rest of North America Krill Oil Market by Application, 2020 - 2023, USD Million
TABLE 48 Rest of North America Krill Oil Market by Application, 2024 - 2031, USD Million
TABLE 49 Key Information – Fuji Chemical Industries Co., Ltd.
TABLE 50 Key Information – Aker BioMarine AS
TABLE 51 Key Information – Nutrigold Inc.
TABLE 52 Key Information – NWC Naturals, Inc.
TABLE 53 Key Information – Coastside Bio Resources
TABLE 54 Key Information – Nutracode LLC
TABLE 55 Key Information – Schiff Nutrition International, Inc.
TABLE 56 Key Information – Quingdao Kangjing Marine Biotechnology Co. Ltd.
TABLE 57 Key Information – Rimfrost AS
TABLE 58 Key Information – Norwegian Fish Oil AS

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Krill Oil Market share by Product Type, 2023
FIG 6 North America Krill Oil Market share by Product Type, 2031
FIG 7 North America Krill Oil Market by Product Type, 2020 - 2031, USD Million
FIG 8 North America Krill Oil Market share by Application, 2023
FIG 9 North America Krill Oil Market share by Application, 2031
FIG 10 North America Krill Oil Market by Application, 2020 - 2031, USD Million
FIG 11 North America Krill Oil Market share by Country, 2023
FIG 12 North America Krill Oil Market share by Country, 2031
FIG 13 North America 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.