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Krill Oil Market: Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

Krill oil is basically an oil extracted from a species of Antarctic krill. The two of most significant components in krill oil include phospholipid derived fatty acids and omega 3 fatty acids. It is generally extracted with the help of solvent or solvent free extraction. Rising benefits of krill oil for various applications such as animal feed, baby formula, functional food, and others is expected to expand the growth of krill oil market during the forecast period.

The global krill oil market is growing at a rapid pace and is expected to observe robust growth over the next seven years till 2023. Rising health consciousness as well as avoiding unhealthy food intake is expected to strengthen the demand for krill oil and the market growth during the forecast period. Apart from this, rising demand for omega 3 fatty acids and consumption of nutritious diet is anticipated to foster the demand for Krill Oil all over the world till 2023.

At present, European region captured the maximum share in revenue of krill oil market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of eating krill oil along with increasing demand by various companies in pharmaceutical and dietary supplement segment is projected to boost the demand for krill oil in Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period. Rising acceptance of fish oil alternatives is further likely to impel the growth of global krill oil market during the forecast period.

The global Krill Oil market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.

Global Krill Oil market is segmented on the following bases:

  • By Form
    • Tablets
    • Liquid
  • By Application
    • Fortified Food & Beverages
    • Animal Feed
    • Dietary Supplements
    • Pharmaceuticals
    • Others
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Australasia
      • Rest of APAC
    • Rest of World
      • Latin America
        • Brazil
        • Rest of Latin America
      • Middle-East & Africa
      • Africa

Key Players Identified Across the Value Chain in the Krill Oil Market include but are not limited to:

Enzymotec Ltd., NutriGold Inc., Neptune Technologies & Bioressources Inc., RB LLC., NWC Naturals Inc., Daeduck FRD Inc., Qingdao Kangjing Marine Biotechnology Co Ltd., Aker BioMarine, and others.

This report offers:

  • An overview of the global Krill Oil market
  • Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
  • Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global Krill Oil market
  • This report includes estimation of market sizes for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the Krill Oil market
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