Global Krill Oil Market : Key Trends and Forecast Research Report 2021 to 2027

 By- Infinium Global Research

A recent Infinium Global Research report dives deep into the krill oil market, analyzing various segments and sub-segments across the globe and in specific regions. It explores the short-term and long-term impact of factors like market drivers, restraints, and key economic indicators. The report provides a comprehensive overview of current trends, forecasts, and the overall market value. The global krill oil market is projected for a significant increase at a CAGR of 11.70% from 2021 to 2027.

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The market research highlights a shift from traditional fish oil supplements to krill oil, driven by its content of omega-3s and choline. While concerns about krill oil sustainability exist, its popularity continues to grow due to its richness in EPA and DHA, which offer numerous health benefits. Although krill oil may even surpass some of fish oil's advantages, it comes at a premium price due to costlier harvesting and processing methods.

An aging population and rising gastrointestinal issues are creating a larger consumer base for krill oil. Its potential to reduce cholesterol, blood pressure, and heart disease further fuels market growth. Additionally, increasing health consciousness is driving the demand for dietary supplements in general. Krill oil's presence in infant formula due to its EPA and DHA content is another growth factor. Even the pet health industry is recognizing the benefits of krill oil, leading to its inclusion in pet food and supplements. The pharmaceutical industry's use of krill oil for its high omega-3 content is another positive influence on the global market. Advancements in oil extraction technology and potential krill fish cultivation in various regions are expected to provide further growth opportunities.

However, the report also acknowledges challenges related to quality and sustainability concerns regarding krill-derived omega-3 oils. Geographically, North America dominates the market due to the growing focus on fitness in the US, Canada, and Mexico. This focus translates to a higher demand for krill oil in functional food and beverages.

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Additionally, the introduction of new krill oil supplement formats is anticipated to further boost the North American market. The Asia Pacific region is experiencing significant growth as well, driven by rising demand for krill oil products in countries like China, India, and Japan. Here, the concept of incorporating krill oil into daily diets is gaining traction, further fueled by potential krill fish cultivation in the Indian Ocean and South China Sea.

Finally, the report explores market segmentation based on product (liquids, softgels, and capsules) and application (dietary supplements, animal feed, and functional food & beverages). This detailed analysis provides valuable insights into the various sectors driving the krill oil market.

Market Segmentation:

The global krill oil market report breaks down the market into product and application segments. By product, the market is divided into liquids, softgels, and capsules. In terms of application, the market is segmented into dietary supplements, animal feed, and functional food & beverages.

Market Dynamics:

Krill oil gets absorbed by your body more efficiently than fish oil. This means you might need a lower dose to get the same benefits.

Krill oil is naturally richer in astaxanthin, an antioxidant that may help protect your brain and nervous system.

While the claim about higher EPA and DHA content in krill oil needs further clarification, it's important to note that both krill and fish oil contain these beneficial omega-3 fatty acids.

Market Keyplayers:

  • Coastside Bio Resources
  • Aker BioMarine
  • Neptune Wellness Solutions Inc
  • Enzymotec Ltd
  • RIMFROST AS
  • NutriGold Inc
  • NWC Naturals Inc
  • Qingdao Kangjing Marine Biotechnology Co., Ltd
  • RB LLC
  • Olympic Seafood AS

 

Contact Us:

Infinium Global Research LLP

Mob: +91 9923950043

Email: info@infiniumglobalresearch.com

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