Krill Oil Supplements Market Analysis

Krill Oil Supplements Market Analysis:

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Based on form, the tablets & capsules form segment dominated around USD 514.8 million revenue in 2022, owing to its better shelf life. Krill oil is sensitive to oxidation, which can degrade its quality and effectiveness. Tablets and capsules offer better protection against oxidation because they can be manufactured with specialized coatings and packaging materials that provide a barrier against air and light. This helps to extend the shelf life of krill oil supplements and ensures that consumers receive a product with a longer period of potency.
 

Based on application, the dietary supplements segment accounted for 70% of the krill oil supplements market share in 2022. Individuals are shifting toward preventive healthcare and adopting dietary supplements as a part of their daily routines to prevent health issues. There has been a significant shift in consumer awareness of the health benefits associated with omega-3 fatty acids. As a result, more consumers are proactively seeking dietary supplements to support their overall health and wellness. Dietary supplements, including krill oil, have become a popular choice for individuals looking to boost their omega-3 intake which is driving the segment growth.
 

North America krill oil supplements market size held over USD 292 million in 2022. Manufacturers in this region have been at the forefront of product innovation in the dietary supplement industry. They have introduced various formulations of krill oil supplements, including combinations with other beneficial ingredients like vitamins, minerals, and antioxidants. This innovation has expanded the appeal of krill oil supplements to a broader consumer base. Furthermore, North America has well-established distribution channels for dietary supplements, including health food stores, pharmacies, supermarkets, and e-commerce platforms. The accessibility of krill oil supplements through these channels has made them readily available to consumers.