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Krill Oil Market Report: Latest Development, Trends, Top Key Players and Outlook

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Elena Anderson
Krill Oil Market Report: Latest Development, Trends, Top Key Players and Outlook

According to IMARC Group’s latest report, titled “Krill Oil Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global krill oil market to continue its strong growth during the next five years.

Krill, also known as Euphausia superb, are tiny, shrimp-like crustaceans found mostly in the oceans. The oil extracted from krill is mainly present in liquid, capsules, and soft gels form. It helps in reducing blood pressure and cholesterol levels, maintaining heart health, and improving metabolism. Krill oil is rich in astaxanthin, which improves immunity and minimizes muscle inflammation. As a result, it is extensively used in dietary supplements, functional food and beverages, pharmaceuticals, animal feed, etc.

Request for a free sample copy of this report: https://www.imarcgroup.com/krill-oil-market/requestsample

The increasing geriatric population and growing incidences of gastrointestinal disorders are propelling the demand for krill oil. Additionally, rising consumer awareness towards several health benefits of krill oil further escalates the product demand. The growing consumption of gelatin capsules to ensure oil-soluble nutrient delivery with minimal gastrointestinal irritation is also driving the market. Krill oil is also utilized in infant formula as it contains eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) that enhance infant brain development. Moreover, the growing trend of pet humanization and concerns towards pet health has further increased the demand for krill oil in pet food and supplements. Furthermore, krill oil is widely used in the pharmaceutical industry due to its high content of omega-3 polyunsaturated fatty acids. Also, several innovations in the oil extraction technology and growing krill fish cultivation across several geographic locations is projected to bolster the krill oil market.

Krill Oil Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  1. Aker Biomarine Antarctic AS
  2. Coastside Bio Resources
  3. Ergomax B.V.
  4. Krill Canada Sales Corporation
  5. Neptune Wellness Solutions Inc
  6. Norwegian Fish Oil AS
  7. NutriGold Inc.
  8. NWC Naturals Inc.
  9. Nutracode LLC
  10. Qingdao Kangjing Marine Biotechnology Co. Ltd.
  11. Rimfrost AS
  12. Schiff Nutrition International Inc. (Reckitt Benckiser Group Plc).

The report has segmented the market on the basis of product type, application and region.

Breakup by Product Type:

  1. Liquid
  2. Softgels
  3. Capsules

Breakup by Application:

  1. Dietary Supplements
  2. Animal Feed
  3. Functional Foods and Beverages
  4. Pharmaceuticals
  5. Others

Explore full report with table of contents: https://www.imarcgroup.com/krill-oil-market

Breakup by Region:

  1. North America
  2. Asia Pacific
  3. Europe
  4. Latin America
  5. Middle East and Africa

 

Browse Related Report:

https://www.imarcgroup.com/levulinic-acid-market

https://www.imarcgroup.com/biopesticides-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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