Krill Oil Market Astonishing Growth with 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.

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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Significant health benefits obtained from EPA and DHA consumption is expected to augment the demand for krill oil, which, in turn, drives the market growth. Furthermore, economically-efficient production of krill oil has led to its widespread application in supplements, food, and pharmaceutical sectors.

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.

The global krill oil market was valued at US$ 229.8 Mn in 2016 and is forecasted to expand at a CAGR of 13.5%, in terms of revenue, during 2017 – 2025.

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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This release was published on openPR.