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Krill Oil Market Current Scenario and Future Growth Analysis by 2027
Krill Oil Market
Krill oil is a nutrient rich extract derived from the species, Antarctic krill. Krill oil contains higher concentrations of omega-3 fatty acids on account of which it is considered to be a superior source of omerga-3 as compared to fish oil. The surge in number of cardiovascular related diseases among people in emerging economies has driven the costumers to avoid unhealthy eating habits. Krill oil provides numerous health benefits such as it enhances immune system, reduces obesity, reduces inflammation & joint pains as well as improves the cardiovascular system of the body.
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The global krill oil market has witness a growth in recent few years, owing to its rising demand in the pharmaceutical industry as it is used as dietary supplement. The increasing awareness for health and diet among consumers has fueled the demand for functional foods and nutrition supplements in the market. As a result of which consumers are inclining towards usage of krill oil as an alternative for fish oil. This scenario is expected to foster the demand for krill oil globally in forthcoming years.
Detailed Segmentation:
Global Krill Oil Market, By Form:
Liquid
Tablets
Soft-gel
Capsules
Global Krill Oil Market, By Application:
Dietary Supplements
Functional Food & Beverages
Pharmaceuticals
Pet Food and Animal Feeds
Others (Infant Formula)
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Key players active in the global krill oil are Neptune Biotech Pvt. Ltd., Aker BioMarine AS, Enzymotec Ltd, Fuji Chemicals, Krill Canada, Rimfrost, Norwegian Fish Oil, Darduck Frd, and Quingdao Kangjing Marine Biotechnology Co. Ltd.
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