Krill Oil Market Size

Krill Oil Market size was valued at USD 1.01 billion in 2023 and is expected to exceed USD 3.66 billion by 2036, expanding at over 10.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of krill oil is assessed at USD 1.09 billion.

The growth of the market is primarily attributed to the growing occurrences of cardiovascular diseases (CVDs) and high cholesterol across the globe. As per the data released by the World Health Organization (WHO), globally, each year around 17.9 million people lose their lives from CVDs, which denotes 85% deaths as a result of strokes and heart attacks.

Krill oil is derived from the oil of the tiny, translucent marine species Euphausia Superba. Over the time, krill oil has been gaining popularity in the market as an alternative to fish oil. It is high in eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are omega fats found primarily in marine creatures. Omega-3 fatty acid, which is a dietary component is essential for proper body functioning. Therefore, increasing awareness about the numerous health benefits of omega-3 fatty acids associated with bone health, obesity, aging, and menopause are estimated to lead the growth of the krill oil market market. For instance, by 2030, approximately 1 billion people worldwide, including 2 in 6 women and 1 in 8 men, are estimated to live with obesity.