Press release
Krill Oil Market Valued at US$ 387.19 Mn in 2022, Expected to Grow at a CAGR of 12% through the Forecast Period
Krill Oil Market
Krill Oil Market Report Scope:
Market Values: The report presents the market value of the krill oil market, indicating its worth in US dollars (US$). As of 2022, the market was valued at US$ 387.19 million.
Market Size Forecast: The report offers insights into the expected growth of the krill oil market through the forecast period. It projects a Compound Annual Growth Rate (CAGR) of 12% during the forecast period.
Market Overview: The report provides an overview of the krill oil market, including the species of Antarctic krill used to make krill oil (Euphausia Superba).
Krill Oil Market Research Methodology:
Data Collection: Data is collected from various credible sources, including industry reports, market databases, government publications, and company websites.
Primary Research: Interviews and discussions are conducted with industry experts, key market players, and stakeholders to obtain primary data and insights.
Secondary Research: Extensive secondary research is conducted to gather additional data and corroborate the findings from primary research.
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What are Krill Oil Market Dynamics?
Market Drivers:
The market is expected to witness substantial growth due to factors such as increasing public awareness of omega-3 fatty acids' benefits, rising demand for DHA that improves cognitive function, and the growing use of krill oil to treat various conditions like cancer, depression, and stroke. Additionally, the cosmetic sector, particularly in the Asia Pacific region, is likely to contribute to market growth as krill oil is utilized in skincare products for its anti-inflammatory and antioxidant properties.
Market Restraints:
Negative effects of krill oil consumption, such as stomach discomfort and decreased appetite, are likely to restrain market growth. Issues like heartburn, fishy burps, gas, bloating, and nausea associated with krill oil consumption may lower demand. Furthermore, concerns about acne, oily skin, and increased blood pressure may also hamper the market.
Market Opportunities:
Manufacturers focusing on introducing innovative omega-3 supplements are expected to boost market growth. Rising adoption of healthy lifestyles and increased demand for health-beneficial products like nutritional supplements and organic food present significant opportunities for the krill oil market.
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Krill Oil Market Segmentation?
Product: The liquid segment, driven by the rising demand in baby formula and pet food, is expected to grow at the highest CAGR during the forecast period. Soft gel capsules, known for their ease of swallowing and ability to mask tastes, are also gaining popularity and likely to boost market growth.
by Product
Liquids
Softgels
Capsules
by Application
Animal Feed
Functional Food & Beverages
by Sales Channel
B2B
B2C
by Distribution Channel
Supermarkets/Hypermarkets
Drug Stores & Pharmacies
Online Retailers
Others
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Who are Krill Oil Market Key Players?
1. AdvaCare Pharma
2. Aker Biomarine
3. Beijing Be-Better Technology Co. Ltd.
4. Biocorp Co. Ltd.
5. Bio-Mer New Zealand
6. IAF NETWORK S.p.A.
7. Jarrow Formulas Inc.
8. KLAIRE LABS
9. Kori
10.NORWAY OMEGA LTD.
11.NOW® Foods
12.NutriGold Inc.
13.NutriNZ
14.Orzaks İlaç
15.Qingdao Kangjing Marine Biotechnology Co. Ltd.
16.Reckitt Benckiser Group Plc
17.Rimfrost AS
18.Viva Naturals
19.Xi'an Prius Biological Engineering Co. Ltd.
20.Xi'an Sost Biotech Co. Ltd.
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Table of content for the Krill Oil Market includes:
Global Krill Oil Market : Research Methodology
Global Krill Oil Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Krill Oil Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Krill Oil Market Segmentation
Global Market, by Product (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Sales Channel (2021-2029)
Global Market, by Distribution Channel (2021-2029)
Global Regional Krill Oil Market (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Sales Channel (2021-2029)
Regional Market, by Distribution Channel (2021-2029)
Regional Market, by Country (2021-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
In the Asia Pacific, rising health consciousness and increasing krill fish cultivation in the South China Sea and Indian Ocean are expected to fuel market growth.
The comprehensive report provides Porter's Five Forces, PESTEL analysis, and the potential impact of micro-economic factors on the market, aiding decision-makers in understanding the market dynamics and structure. Competitive analysis of key players, their growth strategies, product portfolios, financial position, and regional presence is also included, making the report an invaluable investor's guide.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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