MARKET INTRODUCTION
Krill oil is derived from Euphausia superba, a species of Antarctic krill. Similar to fish oils, krill oils are consumed to treat high blood pressure, osteoarthritis, stroke, premenstrual syndrome (PMS), etc. Krill oils are a rich source of docosahexaenoic (DHA), phospholipid-derived fatty acids (PLFA), and omega-3 polyunsaturated fatty acids. However, the omega-3 fatty acids found in krill oils are more readily absorbed and transported to cells in the phospholipid forms.
MARKET DYNAMICS
The growing consumer concerns over meeting daily dietary requirements have fuelled the demand for nutritional supplements and capsules. The spurt in demand for nutritional supplements and capsules has led to significant consumption of krill oils. Krill oil is seen as a rich source of a number of essential nutrients such as omega-3 fatty acids EPA & DHA, phospholipids, choline, and astaxanthin. The growing consumer awareness about the health benefits of these nutrients has swayed significantly large share of consumers towards consuming krill oil in the form of capsules. Claims laid by krill oil manufacturers that krill oils are nutritionally better and do not lead to reflux or belching of unpleasant fish flavors, and the fish aftertaste is likely to draw consumers towards krill oils and subsequently augment the sales of krill oils. The rising demand for fortified animal feeds and pet foods are also expected to further propel the demand for krill oil.
MARKET SCOPE
The "Global Krill Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the krill oil market with detailed market segmentation by form, application, and geography. The global krill oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading krill oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global krill oil market is segmented on the basis of form and application. On the basis of form, the krill oil market is segmented into, liquid, tablets, soft-gels, and capsules. On the basis of applications, the market is bifurcated into, dietary supplements, animal feed, functional food and beverages, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global krill oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The krill oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the krill oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the krill oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the krill oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from krill oil market are anticipated to lucrative growth opportunities in the future with the rising demand for krill oil in the global market. Below mentioned is the list of few companies engaged in the krill oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the krill oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aker BioMarine
- Ergomax
- Neptune Wellness Solutions Inc
- Norwegian Fish Oil AS
- Nutracode LLC
- NutriGold Inc.
- NWC Naturals Inc.
- Qingdao Kangjing Marine Biotechnology Co., LTD.
- Rimfrost AS
- Schiff Nutrition International, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.