PUBLISHER: Value Market Research | PRODUCT CODE: 1288791
PUBLISHER: Value Market Research | PRODUCT CODE: 1288791
The global demand for Krill Oil Market is presumed to reach the market size of nearly USD 1274.86 BN by 2030 from USD 455.15 BN in 2022 with a CAGR of 13.74% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Krill oil is an oil derived from a small crustacean, an Antarctic Krill, Euphausia Superba. It is a substitute for fish oil as a dietary supplement. These are rich in omega fats, eicosapentaenoic acid and docosahexaenoic acid, primarily found in marine animals. Since it has anti-inflammatory qualities and can ease joint and arthritic pain, krill oil offers several health advantages. The body may more readily absorb krill oil's lipids into circulation. Additionally, consuming krill oil can improve blood flow and lower the chance of developing heart disease.
As krill oil is utilized to make skin care products because of its anti-inflammatory and anti-oxidant characteristics, the market growth of krill oil is predicted to increase. It is projected that the growing awareness of the advantages of omega-3 fatty acids will drive the market expansion of krill oil. Moreover, it is anticipated that an increased intake of DHA, which improves focus and intellect, would increase the demand for krill oil. Additionally, krill oil is helpful in the treatment of many health-related issues, which is a contributing factor to the market growth for krill oil. Health-related side effects associated with krill oil consumption and decreasing population of source specie may restrict the market expansion of krill oil.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of krill oil. The growth and trends of Krill Oil Industry provide a holistic approach to this study.
This section of the krill oil market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Krill Oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the krill oil market include Aker BioMarine, Neptune Wellness Solutions, Rimfrost AS, Schiff Nutrition International, Inc., Norwegian Fish Oil AS, NutriGold Inc., Ergomax, Qingdao Kangjing Marine Biotechnology Co. LTD., NWC Naturals Inc., Nutracode. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.