Press release
Global Krill Oil Market : Soft gel segment to reach at a CAGR of 13.4% by 2022
According to a latest market report titled “Global Market Study on Krill Oil: Effective than Other Marine Oils since Safer, Healthier, More Potent and More Absorbable” published by Persistence Market Research, the krill oil market has been estimated to be valued at US$ 300.7 Mn by the end of 2015, and is expand at a CAGR of 12.9% from 2015 to 2022, to account for US$ 703.0 Mn by 2022.
For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/krill-oil-market/toc
Currently, the global krill oil market is principally driven by factors such as increasing health concerns among consumers, product promotions through trade shows, and the introduction of innovative products with krill oil. However, factors such as high costs, lack of proper regulations, preference for established fish oils, and lack of consumer awareness about alternatives to krill oil are expected to restrain market growth. The global krill oil market revenue is projected to expand at a CAGR of 12.9% from 2015 to 2022, to account for US$ 703.0 Mn by 2022.
On the basis of form, the krill oil market has been segmented into liquid and tablets. The tablets segment is expected to account for highest market share as compared to the other form segment. Tablets segment is further sub-segmented into soft gels and capsules. Among the tablet sub-segments, soft gel is expected to account for 69.4% market share by 2015 end, and register a moderate CAGR of 13.4% during the forecast period (2015–2022). The capsule sub-segment has been estimated to account for 30.6% market share in 2015.
On the basis of applications, the market is segmented into dietary supplements, functional food & beverages, pharmaceuticals, pet food & animal feed and others (infant formula). The dietary supplements segment is expected to account for 40.3% market share by 2015 end. Revenue from this segment is expected to expand at CAGR of 13.7% during the forecast period. Increased awareness about the benefits of krill oil for infant formula application is expected to drive the growth of the others (infant formula) segment, registering a CAGR of 12.9% during the forecast period.
The report provides detailed information about the various trends driving the growth of each segment and offers analysis and insights into the potential of the krill oil market in specific regions. On the basis of region, the market is segmented into six, namely North America, Latin America, Eastern Europe, Asia-Pacific and the Middle East & Africa. Among these regions, the market in Western Europe is expected to remain dominant with an estimated 25.7% share of the global market value by the end of 2015. The market in this region is expected to register highest CAGR of 14.4% in terms of value during the forecast period. However, with increasing demand for krill oil in Asia Pacific, this region is expected to register a CAGR of 13.6%.
Download Report Sample @ http://www.persistencemarketresearch.com/samples/6721
Key players in the global krill oil market include Qingdao Kangjing Marine Biotechnology Co., Ltd., Enzymotec Ltd., RB LLC., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., Aker BioMarine SA, Neptune Technologies & Bioressources Inc., and Olympic Seafood AS (RIMFROST AS).
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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