Press release
Krill Oil Supplements Market Predicted to Reach $1476.58 Billion by 2031 | AKER BIOMARINE, NutriDyn, Bioriginal Food & Science Corp, RB Health (US) LLC
Krill Oil Supplements Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Krill Oil Supplements market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Krill Oil Supplements Market reached US$ 834.11 million in 2023 and is expected to reach US$ 1476.58 billion by 2031, growing with a CAGR of 7.4% during the forecast period 2024-2031.
Krill oil supplements are dietary supplements derived from tiny crustaceans called krill, which are found in the cold waters of the Antarctic Ocean. Krill oil is rich in omega-3 fatty acids, particularly EPA and DHA, which are known for their potential benefits in supporting heart health, brain function, and reducing inflammation. In addition to omega-3s, krill oil contains astaxanthin, a powerful antioxidant that helps protect the oil from oxidation. Krill oil is often used as an alternative to fish oil supplements due to its higher bioavailability and the presence of additional nutrients that support overall health.
Key Developments:
❁ In October 2023, Aker BioMarine ASA acquired all krill-related patents, pre-clinical and clinical data, and processing equipment from Nasdaq-listed Acasti Pharma. The transaction, which settles a contractual obligation of US$3.1 million that Acasti owed to Aker BioMarine, has no cash impact.
❁ In September 2023, Aker BioMarine, a krill harvester and processor, reintroduced its Superba krill oil supplement to the South Korean market after receiving approval from authorities, ending a three-year sales suspension.
List of the Key Players in the Krill Oil Supplements Market:
AKER BIOMARINE, NutriDyn, Bioriginal Food & Science Corp, RB Health (US) LLC, Norwegian Fish Oil, NWC Naturals Inc., Nutracode LLC, NOW Health Group, Inc., Life Extension, and Nutrigold.
Research Process:
Both primary and secondary data sources have been used in the global Krill Oil Supplements Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Krill Oil Supplements Market:
By Product Type: Liquids, Softgels, Capsules
By Distribution Channel: Supermarkets/ Hypermarkets, Drug Stores & Pharmacies, Online Retailers, Others
By Application: Dietary Supplements, Animal Feed, Functional Food & Beverages, Pharmaceuticals, Others
Regional Breakout:
The global Digital Whiteboard Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Krill Oil Supplements manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Krill Oil Supplements in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global Krill Oil Supplements market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the Krill Oil Supplements market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the Krill Oil Supplements market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Krill Oil Supplements market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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Contact Person: Sai Kiran
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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