Krill Oil Market Growth by Top Key Players Aker BioMarine SA, Azantis Inc., Neptune Technologies & Bioressources Inc., Enzymotec Ltd, RB LLC., Qingdao Kangjing Marine Biotechnology Co., Ltd., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., and Olympi

Krill is a shrimp-like crustacean. It is a food source for whales, penguins, squids, fish, seals, and other aquatic animals. Krill inhabits the cold waters of Canada, Japan, and Antarctic and is a rich source of omega-3 fatty acids (EPA and DHA). They are fished and harvested for the production of krill oil, which offers numerous health benefits upon consumption. Krill oil is a superior source of EPA and DHA compared to fish oil, as it contains polyunsaturated fats, which are packaged as phospholipids and can be utilized immediately by the body. On the other hand, EPA and DHA in fish oil are typically packaged as triglycerides and have to undergo additional processing in order to make them bioavailable.

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Intake of an adequate amount of EPA helps in preventing the onset of various mental health issues such as depression, dyslexia, and dyspraxia, heart problems, and joint and bone conditions. Moreover, intake of EPA at a young age improves child behavior and academic performance as well as helps boost focus and reduce aggression. Also, EPA helps in curing the common childhood health problems such as dry skin, asthma, and allergies. Lack of DHA in the human body can lead to learning disabilities, ADHD, aggressive hostility, and several other disorders.

Old age considerably reduces body’s immunity and chances of acquiring diseases (such as rheumatoid arthritis, higher triglycerides level, asthma, and Alzheimer) is significantly higher. Krill oil is generally prescribed in the treatment of rheumatoid arthritis, higher triglycerides level, asthma, and Alzheimer’s disease among others. Increasing geriatric population across the globe will lead to an increase in such diseases that would trigger high demand for krill oil in the market.

Asia Pacific is exhibiting significant growth in the global krill oil market. The region accounted for 27.64% of the total market share in 2016, in terms of revenue. The dominance is on account of the growing economies of Asia Pacific. China and India are expected to be the most favorable countries for market growth due to rise in awareness among consumers coupled with various health benefits associated with the use of omega-3 rich foods.

North America and Europe accounted for major shares in the global krill oil market, both in terms of revenue, in 2016 and are expected to retain their dominance over the forecast period. However, lack of awareness among people in rural areas of emerging economies and premium pricing are major restraints for market growth, especially in Asia Pacific.

Major Players in the Global Krill Oil Market

Some of the major players in the global krill oil market are Aker BioMarine SA, Azantis Inc., Neptune Technologies & Bioressources Inc., Enzymotec Ltd, RB LLC., Qingdao Kangjing Marine Biotechnology Co., Ltd., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., and Olympic Seafood AS.

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