Krill Oil Market Size and Share

Krill Oil Market (2026 - 2031)
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Krill Oil Market Analysis by Mordor Intelligence

The krill oil market is expected to grow from USD 0.87 billion in 2026 to USD 1.37 billion by 2031, reflecting a compound annual growth rate (CAGR) of 9.51% during the forecast period. This growth is driven by increasing clinical validation of the effectiveness of phospholipid-bound omega-3, rising budgets for preventive healthcare, and the bioavailability advantages of krill oil compared to fish oil. On the supply side, market concentration continues to influence pricing dynamics. Regulatory recognition of cardiovascular and cognitive health benefits, along with the growing adoption of eco-labels, highlights a structural shift in consumer purchasing behavior. Furthermore, premium positioning is supported by consumers' willingness to pay for sustainability and improved absorption benefits, enabling producers to maintain profit margins despite fluctuations in raw material prices. While competition remains intense due to vertically integrated harvesters securing Antarctic quotas, innovation in delivery formats and condition-specific formulations is creating opportunities for asset-light brands to enter the market.

Key Report Takeaways

  • By nature, conventional commanded 76.81% of the krill oil market share in 2025; organic is projected to expand at a 10.54% CAGR through 2031.
  • By application, dietary supplements led with 70.62% revenue share in 2025; pharmaceuticals are forecast to grow at a 10.74% CAGR to 2031.
  • By geography, North America held 33.43% share of the krill oil market in 2025, while Asia-Pacific records the highest projected CAGR at 10.01% through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Nature: Organic Segment Gains Despite Certification Hurdles

Conventional krill oil accounted for 76.81% of the market share in 2025, supported by established supply chains, lower price points, and widespread retail availability. The organic segment, while smaller, is projected to grow at a compound annual growth rate (CAGR) of 10.54% through 2031. This growth is driven by consumers willing to pay 30 to 40% premiums for products certified as free from synthetic additives and sourced from fisheries adhering to organic aquaculture standards. However, organic certification for wild-caught krill remains a contentious issue. Traditional organic frameworks were developed for terrestrial agriculture and aquaculture, not for open-ocean fisheries.

The European Union's organic regulation allows wild-caught fish to carry organic labels only if they are harvested from certified sustainable fisheries and processed without prohibited substances. Currently, fewer than 5% of krill oil producers meet this standard. In the United States, the United States Department of Agriculture (USDA) National Organic Program has not issued formal guidance on wild-caught marine ingredients, leaving organic krill oil claims in a regulatory gray area, which poses enforcement risks for brands. Despite these challenges, demand for organic options persists. A 2025 consumer survey revealed that 41 percent of North American organic food buyers sought organic omega-3 supplements, and 18% indicated they would switch from conventional krill oil if certified organic alternatives became available.

Krill Oil Market: Market Share by Nature
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Krill Oil Market: Market Share by Application

Dietary supplements accounted for 70.62% of krill oil consumption in 2025. This dominance is attributed to well-established consumer awareness, a strong retail infrastructure, and regulatory pathways that allow structure-function claims without requiring prescriptions. Pharmaceuticals are the fastest-growing application, with a compound annual growth rate (CAGR) of 10.74% projected through 2031. This growth is supported by clinical evidence highlighting krill oil's effectiveness in managing hypertriglyceridemia, inflammatory conditions, and metabolic syndrome, which has attracted significant pharmaceutical investment. In 2025, Neptune Wellness Solutions completed Phase II trials for a prescription krill oil formulation aimed at patients with triglyceride levels exceeding 500 milligrams per deciliter. The trials demonstrated a 32% reduction in triglyceride levels within 12 weeks, positioning the product for submission to the United States Food and Drug Administration (FDA) for a New Drug Application in 2027. Pharmaceutical applications command price premiums of 200% to 300% over dietary supplements due to rigorous clinical validation, intellectual property protection, and reimbursement eligibility, making this segment appealing despite longer development timelines and regulatory challenges.

Pet food and animal nutrition applications are also growing, with krill oil increasingly incorporated into premium dog and cat supplements to support joint health, skin and coat condition, and cognitive function in aging pets. Clinical trials published in 2024 showed that dogs receiving 500 milligrams of krill oil daily experienced a 24% improvement in mobility scores and a 19% reduction in inflammatory markers compared to those receiving fish oil.

Krill Oil Market: Market Share by Application
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Geography Analysis

In 2025, North America held a 33.43% share of the market, led by the United States' well-developed dietary supplement infrastructure, a favorable regulatory environment under the Food and Drug Administration's (FDA) Generally Recognized as Safe (GRAS) status, and strong consumer awareness of omega-3 health benefits. The region benefits from extensive distribution networks, including mass retail, specialty health stores, and e-commerce platforms, ensuring broad product availability and competitive pricing. In Canada, the Natural and Non-prescription Health Products Directorate has simplified the licensing process for krill oil products, reducing time-to-market for new formulations and encouraging innovation in delivery formats such as gummies and liquid emulsions. Meanwhile, Mexico's growing middle class and increasing health consciousness are driving the adoption of omega-3 supplements, with krill oil positioned as a premium alternative to fish oil in urban markets. However, growth in North America is slowing due to market saturation and heightened price sensitivity among consumers during economic uncertainty.

The Asia-Pacific region is the fastest-growing market, with a compound annual growth rate of 10.01% expected through 2031. This growth is largely driven by China's 31.4% annual increase in omega-3 supplement sales and regulatory reforms introduced in 2024 that accelerated the registration process for dietary supplements. These developments have created significant opportunities for manufacturers in the region.

Other regions, including South America and the Middle East and Africa, remain smaller markets but are showing early signs of growth. In South America, Brazil's dietary supplement market expanded by 18% in 2024, supported by urbanization and rising health awareness. However, the penetration of krill oil in the region remains limited due to price sensitivity and a preference for locally sourced fish oil. In Europe, the market is shaped by strict regulatory frameworks under the European Food Safety Authority (EFSA) and the European Commission's Novel Food regulation, which require comprehensive safety and efficacy documentation for new omega-3 formulations. Germany, the United Kingdom, France, Italy, and Spain are the largest markets in the region. Germany leads in functional food innovation, while the United Kingdom shows strong demand for sustainably certified supplements. The European Union's 2024 reaffirmation of omega-3 health claims for cardiovascular and cognitive function has provided manufacturers with standardized marketing language across its 27 member states, reducing regulatory fragmentation. Sustainability certifications are particularly important in Europe, where 64% of omega-3 buyers actively seek eco-labels, and 38% would switch brands if sustainability claims were questioned.

Krill Oil Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The krill oil market is characterized by a high level of concentration, with vertically integrated harvesters playing a dominant role. These companies control Antarctic fishing licenses, proprietary extraction technologies, and downstream formulation partnerships. Aker BioMarine and Rimfrost together account for approximately 65 percent of the global harvest volume. They utilize economies of scale and intellectual property portfolios to establish significant barriers to entry. Aker BioMarine's acquisition of Lang Holdings in 2024 demonstrates its strategy of vertical integration, aimed at securing complete supply chains and capturing margins across ingredient supply, finished-dosage manufacturing, and brand partnerships.

Patent activity in the krill oil market highlights a strategic focus on improving bioavailability and developing condition-specific formulations. Aker BioMarine holds 14 patents related to lysophosphatidylcholine extraction and encapsulation technologies. Similarly, Neptune Wellness Solutions has filed 8 patents for pharmaceutical-grade krill oil designed for prescription applications. Mid-tier companies such as Nordic Naturals, DSM Firmenich, and GC Rieber Oils compete by focusing on quality differentiation, third-party testing certifications, and building brand equity through transparency and sustainability claims. These companies often source krill oil from major harvesters under long-term supply agreements and prioritize formulation innovation, clinical validation, and retail distribution partnerships to remain competitive.

There are significant opportunities in functional food applications, pharmaceutical formulations, and emerging markets where krill oil usage remains relatively low. Direct-to-consumer brands are transforming traditional retail models by offering subscription services, personalized dosing recommendations, and blockchain-enabled traceability, which resonate with transparency-focused consumers. Additionally, technology adoption is advancing rapidly. For example, Aker BioMarine has implemented real-time catch monitoring systems and artificial intelligence-driven biomass forecasting to improve operational efficiency and ensure regulatory compliance. These advancements set industry benchmarks that smaller competitors often find difficult to match.

Krill Oil Industry Leaders

  1. Aker BioMarine AS

  2. Rimfrost AS

  3. Neptune Wellness Solutions Inc.

  4. Coastside Bio Resources

  5. NutriGold Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Aker BioMarine, Coastside Bio Resources, Neptune Wellness Solutions Inc., Enzymotec Ltd, NutriGold Inc
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Recent Industry Developments

  • December 2025: Aker BioMarine’s Superba Boost krill oil has been approved as an omega-3 ingredient under Japan’s Foods with Function Claims system for "skin health" claims. This approval is supported by local studies and 2024 clinical trials demonstrating improvements in skin barrier function, hydration, and elasticity in beauty-from-within supplements.
  • October 2024: Aker BioMarine announced a new commercial contract for Superba Krill Oil with an undisclosed customer expected to rank among its top three revenue contributors. The deal supports long‑term growth as Superba combines krill oil with four key nutrients for heart, eye, liver, and brain health supplements.
  • October 2024: The Korea Halal Authority granted Korea Halal certification to Bio Core Co., Ltd. for six products including Antarctic krill oil NaturAl. The certificate, based on KHAS 22000 standards, is valid until 13 October 2026, with a product‑related revision dated 13 October 2025.

Table of Contents for Krill Oil Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing awareness of omega-3 health benefits for heart and brain wellness
    • 4.2.2 Shift toward preventive healthcare and regular supplement use
    • 4.2.3 Product innovation in high-concentration and condition-specific formulas
    • 4.2.4 Expansion of krill oil into functional foods and beverages
    • 4.2.5 Increasing use in infant nutrition and maternal health products
    • 4.2.6 Sustainability certifications and eco-labels building brand trust
  • 4.3 Market Restraints
    • 4.3.1 Environmental concerns regarding impacts on the Antarctic ecosystem
    • 4.3.2 Challenges posed by complex and evolving international fishery regulations
    • 4.3.3 Public criticism of sustainability certifications and governance practices
    • 4.3.4 Supply chain concentration among a few large harvesters
  • 4.4 Supply Chain Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter’s Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

  • 5.1 By Nature
    • 5.1.1 Organic
    • 5.1.2 Conventional
  • 5.2 By Application
    • 5.2.1 Dietary Supplements
    • 5.2.2 Pharmaceuticals
    • 5.2.3 Pet Food and Animal Food
    • 5.2.4 Functional Food and Beverages
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Italy
    • 5.3.2.4 France
    • 5.3.2.5 Spain
    • 5.3.2.6 Netherlands
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 United Arab Emirates
    • 5.3.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Ranking Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Aker BioMarine AS
    • 6.4.2 Rimfrost AS
    • 6.4.3 Neptune Wellness Solutions Inc.
    • 6.4.4 Enzymotec Ltd.
    • 6.4.5 Coastside Bio Resources
    • 6.4.6 NutriGold Inc.
    • 6.4.7 NWC Naturals Inc.
    • 6.4.8 Qingdao Kangjing Marine Biotechnology Co., Ltd.
    • 6.4.9 RB LLC
    • 6.4.10 Olympic Seafood AS
    • 6.4.11 Tharos Ltd.
    • 6.4.12 Viva Labs
    • 6.4.13 Nutraceutical Corporation
    • 6.4.14 DSM Firmenich
    • 6.4.15 Valensa International
    • 6.4.16 Nordic Naturals
    • 6.4.17 GC Rieber Oils
    • 6.4.18 Beijing Gingko Group
    • 6.4.19 Daeduck FRD Inc.
    • 6.4.20 Superba Boost (Brand)

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Krill Oil Market Report Scope

Krill oil is derived from a small, shrimp-like marine organism. It is a rich source of omega-3 fatty acids, including eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). The health benefits of krill oil are primarily attributed to its omega-3 fatty acid content.

The global krill oil market is categorized by nature, application, and geography. By nature, the market is divided into natural and conventional segments. By application, it is segmented into dietary supplements, pharmaceuticals, pet food and animal food, and functional food and beverages. Geographically, the report analyzes the krill oil market across established and emerging regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

By Nature
Organic
Conventional
By Application
Dietary Supplements
Pharmaceuticals
Pet Food and Animal Food
Functional Food and Beverages
By Geography
North AmericaUnited States
Canada
Mexico
Rest of North America
EuropeGermany
United Kingdom
Italy
France
Spain
Netherlands
Rest of Europe
Asia-PacificChina
India
Japan
Australia
Rest of Asia-Pacific
South AmericaBrazil
Argentina
Rest of South America
Middle East and AfricaSouth Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
By NatureOrganic
Conventional
By ApplicationDietary Supplements
Pharmaceuticals
Pet Food and Animal Food
Functional Food and Beverages
By GeographyNorth AmericaUnited States
Canada
Mexico
Rest of North America
EuropeGermany
United Kingdom
Italy
France
Spain
Netherlands
Rest of Europe
Asia-PacificChina
India
Japan
Australia
Rest of Asia-Pacific
South AmericaBrazil
Argentina
Rest of South America
Middle East and AfricaSouth Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the krill oil market?

The krill oil market is valued at USD 0.87 billion in 2026 and is projected to climb to USD 1.37 billion by 2031.

Which region is expanding fastest for krill oil demand?

Asia-Pacific posts the highest forecast growth at 10.01% CAGR, driven by China’s surging omega-3 purchases and India’s preventive-health adoption.

Why are pharmaceuticals important to future krill oil revenues?

Clinical pipelines targeting hypertriglyceridemia and metabolic disorders carry price premiums two to three times higher than supplements, lifting long-term revenue potential.

How does krill oil differ from traditional fish oil in absorption?

Krill omega-3s are bound to phospholipids, allowing faster uptake and efficient delivery to cells, including across the blood-brain barrier.

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