MarketResearch.biz delivers in-depth insights on the global krill oil market in its upcoming report titled, “Global Krill Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global krill oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global krill oil market report has been segmented on the basis of product, application and region.
Krill oil is oil extracted from tiny, shrimp-like animal. Krill is a food source for fish, penguins, whales, and other aquatic animals. People extract krill oil from krill, consume it as medicine by placing it in capsules. Krill oil contains fatty acids, these fatty acids are considered as beneficial fats that helps in decreasing swelling, low cholesterol and make blood platelets less sticky to avoid blood clots.
Krill oil is used by people with high cholesterol, high levels of blood fats, heart diseases, high blood pressure, cancer, and osteoarthritis. Growing number of people affected with these diseases is expected to boost the krill oil market. Moreover, growing demand for supplements containing omega 3, docosahexaenoic acid, and eicosapentaenoic acid (EPA) is expected to fuel the market growth over the forecast period.
Tablets are expected to be the largest product segment in the global krill oil market and are estimated to keep its dominance over the forecast period. The tablets segment includes soft gels and capsules. Fish oil has a bad aftertaste, so krill oil is consumed through tablets.
Dietary supplement segment is expected to be the largest application segment in the krill oil market. The medical benefits provided by the krill oil consumption that includes lower blood pressure, improved heart health, and reduced triglycerides are expected to drive the market growth over the forecast period. Growing demand for protein supplements owing to hectic lifestyle of people is expected to have a positive impact on the market growth.
The Asia Pacific is expected to be the fastest growing region in the global krill oil market. Changing health and wellness trends in China, Japan, and India is expected to drive the market. Increasing fishing activities in India and other South East Asian countries is expected to increase the production of krill oil in the region.
Market segmentation and key players operating in the global market:
Global Krill Oil Market segmentation, by product:
Global Krill Oil Market segmentation, by application:
- Dietary supplements
- Functional food & beverages
- Pet food & Animal feed
Global Krill Oil Market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Qingdao Kangjing Marine Biotechnology Co., Ltd.
- Aker BioMarine SA
- Neptune Technologies & Bioressources Inc.
- Nutrigold Inc.
- Daeduck FRD Inc.
- NWC Naturals LLC
- Azantis Inc.
- Norweigan Fish Oil
- Rimfrost AS
- Viva Naturals
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