The global demand for Krill Oil Supplements Market is presumed to reach the market size of nearly USD 3449.08 BN by 2028 from USD 924.17 BN in 2021 with a CAGR of 20.7% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Krill oil refers to a substance made from the oil of tiny crustaceans called krill. The oil is abundant in omega-3 fatty acids, just like fatty fish. Their concentration of omega-3 fatty acids like EPA (Eicosapentaenoic Acid) and DHA (Docosahexaenoic Acid) is particularly high. This also denotes that they are considered a great fish oil substitute. Krill oil is used to cure various diseases, including heart disease, excessive triglyceride levels in the blood, stroke, high blood pressure, high cholesterol, cancer, osteoarthritis, painful menstrual cycles, premenstrual syndrome (PMS), and depression.
A major factor for the growth in demand for krill oil supplements is the increased popularity of fish oil alternatives. Until recently, only medical advice was required to utilize fish oil. Further, the market has grown recently due to rising consumer demand and awareness of their health benefits. In the upcoming years, the market expansion is predicted to be fueled by increased consumer demand for functional foods and supplements due to growing health concerns and rising spending on wellness and personal care goods. In addition, it is anticipated that the increased use of krill oil in the food, beverage, and pharmaceutical industries and rising expenditure in clinical research and development will propel market growth.
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 supplements. The growth and trends of Krill Oil Supplements Industry provide a holistic approach to this study.
This section of the krill oil supplements 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.
- Dietary Supplements
- Animal Feed
- Functional Food & Beverages
By Distribution Channel
- Drug Stores & Pharmacies
- Online Retailers
This section covers the regional outlook, which accentuates current and future demand for the Krill Oil Supplements 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.
Global Krill Oil Supplements Market Share by Region (Representative Graph)
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 supplements 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.
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