Press release
Antarctic Krill Oil Market to Hit $2.13 Billion by 2031 - Key Growth Drivers | Aker BioMarine, Coastside Bio Resources, Bronson Nutritionals LLC, Rimfrost AS, Nutrigold
Global Antarctic Krill Oil Market reached US$ 910.2 million in 2022 and is expected to reach US$ 2,131.6 million by 2031, growing with a CAGR of 11.2% during the forecast period 2024-2031.Antarctic Krill Oil Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Antarctic krill oil is a nutrient-rich supplement derived from tiny crustaceans found in Antarctic waters. It is high in omega-3 fatty acids, phospholipids, and antioxidants like astaxanthin, supporting heart, brain, and joint health with superior absorption compared to fish oil.
List of the Key Players in the Antarctic Krill Oil Market:
Aker BioMarine, Coastside Bio Resources, Bronson Nutritionals LLC, Rimfrost AS, Nutrigold, NutriDyn, Shandong Kangjing Marine Biotechnology Co., Ltd, Wallbox Chargers, S.L., Nutracode LLC, Zein Pharma.
Industry Development:
In 2023, Aker BioMarine, a biotech innovator and Antarctic krill-harvesting company, reintroduced Superba sales in South Korea through its local partnership.
In September 2023, SGS Nutrasource Pharmaceutical and Nutraceutical Services, a global CRO, announced that VIKPro obtained IKOS (International Krill Oil Standards) certification for its branded Antarctic krill oil through Nutrasource's certification program.
Growth Forecast Projected:
The Global Antarctic Krill Oil Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Antarctic Krill Oil 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.
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Segment Covered in the Antarctic Krill Oil Market:
By Krill Type: Wild Krill, Cultured Krill
By Form: Capsules, Soft Gel, Liquid
By Application: Dietary Supplements, Functional Food & Beverages, Cosmetics, Pet Food, Others
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, E-Commerce, Others
Regional Analysis for Antarctic Krill Oil Market:
The regional analysis of the Antarctic Krill Oil Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ 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)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Antarctic Krill Oil market?
➠ Who are the leading manufacturers in the global Antarctic Krill Oil industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Antarctic Krill Oil industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Antarctic Krill Oil market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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