Global Krill Oil Market, Industry Share, Trends, Growth, Future Prospects, Forecast 2019 to 2025

Lifestyle related diseases such as CVDs, stroke, cancer, type-2 diabetes and other diseases are growing at a very fast pace. According to WHO, CVDs are projected to one of the major causes of mortality across the globe, accounting for more than 17.9 million mortalities in 2015. The number of mortalities by cardiovascular diseases is further estimated to reach 23.6 million by the year 2030.

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In a study carried by Harvard School of Public Health about 40% of the total mortalities caused by heat diseases have high cholesterol. Omega-3 fatty acids such as krill oil is effective in reducing bad cholesterol in the body. Additionally, it reduces blood clotting, lower blood pressure, and reduce inflammation throughout the body. These factors can reduce the risk of heart related illness among the people.
Diabetes is known as the world's fastest growing lifestyle related disease. The diabetic population has witnessed an exponential rise. Change in eating habits, reduced physical workout and family history have led to increase in obesity, which is the major cause of type-2 diabetes in adults.

According to the WHO, diabetes prevalence has been increasing steadily over the past three decades. In the year 1980, the diabetic population was around 108 million and these number has increased to 415 million by 2015 as per the International Diabetes Federation (IDF). According to the IDF, the diabetic population is projected to reach 642 million by 2040. The rapidly growing prevalence of diabetes accounted for around 12% of the global healthcare expenditure round $673 billion in 2015. The amount is projected to increase to $802 billion by 2040 as per IDF. Therefore, increasing prevalence of diabetes further increases the demand of dietary supplements that further propels the market growth.

Suitable alternates to obtain omega-3 polyunsaturated acid further boost krill oil market growth
Krill oil can be considered as one of the alternatives of fish oil to derive omega-3 from them. Krill contains three active components such as omega-3 fatty acids, phospholipids, and asta-xanthin and thus is considered as different from traditional fish oils. Krill are extensively consumed by many food varieties of sea creatures including whales, seals, sea birds, penguins, squid and fish. Owing to general interest in omega-3 fatty acids, various capture vessels are being or have been constructed to capture krill and further process them to obtain krill oils and ultimately omega-3 fatty acids. The current Convention on the Conservation of Antarctic Marine Living Resources treaty allows 6.55 MMT to be caught in the major statistical areas, however, according to the FAO (2009) the average catch over a decade has been about 120,000 MT. Though krill have very low oil content, however, abundance of krill will serve better opportunity for the market as an alternative to fish oil.

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Global krill oil Services Market Segmentation

By Product Type
o Capsules
o Softgels
o Liquids

By Application
o Functional food and beverages
o Dietary supplements
o Pharmaceuticals
o Others (Animal feed)

Global krill oil Services Market - Segment by Region

North America
o United States
o Canada

Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe

Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific

Rest of the World

Company Profiles
o Arista Industries Inc
o Aker Biomarine Antarctic AS
o BASF SE
o ConnOils LLC
o Coastside BioResources
o DailyNutra LLC
o Douglas Laboratories
o Ergomax BV
o Luhua Biomarine (Shandong) Co., Ltd.
o Neptune Wellness Solutions Inc.

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