Market Research Report
Krill Oil - Global Market Outlook (2018-2027)
|Krill Oil - Global Market Outlook (2018-2027)|
Published: May 1, 2020
Stratistics Market Research Consulting
Content info: 118 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Krill Oil Market is accounted for $246.95 million in 2018 and is expected to reach $778.07 million by 2027 growing at a CAGR of 13.6% during the forecast period. Some of the key factors propelling the market growth are increasing urban population, growing consciousness regarding health, and rise in income of people. However, high cost of production is the restraining factor for the growth of the market.
Krill oil is the extracted oil from a species of Antarctic krill which is known as Euphausia. It is usually available in the market in the form of capsules. Omega 3 fatty acids and phospholipid fatty acids are the major components in krill oil. These fatty acids are similar to the fish oil.
By product, the liquids segment is expected to grow at a significant market share during the forecast period because of its importance in infant formulations and pet food. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the increasing consumer awareness regarding the health benefits of krill oil.
Some of the key players in Krill Oil Market include Norwegian Fish Oil AS, Nutracode, Aker BioMarine, Neptune Wellness Solutions Inc, Schiff Nutrition International Inc, NutriGold Inc, NWC Naturals Inc, Rimfrost AS, Ergomax, and Qingdao Kangjing Marine Biotechnology Co LTD.
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