Press release
Global Krill Oil Supplement Market Size & Growth | Most Leading Companies - AKER BIOMARINE, NutriDyn, Bioriginal Food & Science Corp, RB Health (US) LLC
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 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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Krill oil supplements are dietary products derived from Antarctic krill, small crustaceans rich in omega-3 fatty acids (EPA and DHA), phospholipids, and antioxidants like astaxanthin. These supplements are known for supporting heart health, brain function, joint mobility, and reducing inflammation. Unlike traditional fish oil, krill oil's omega-3s are more easily absorbed due to their phospholipid structure, offering enhanced bioavailability and minimal fishy aftertaste.
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.
Industry Development:
October 2023: Aker BioMarine ASA acquired all krill-related patents, pre-clinical and clinical data, and processing equipment from Acasti Pharma (listed on Nasdaq). The $3.1 million transaction settles Acasti's contractual obligation to Aker BioMarine and involved no cash exchange.
September 2023: Aker BioMarine resumed sales of its Superba krill oil supplement in South Korea after receiving regulatory approval, ending a three-year market suspension.
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.
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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 Analysis for Krill Oil Supplements Market:
The regional analysis of the Krill Oil Supplements 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 Krill Oil Supplements market?
➠ Who are the leading manufacturers in the global Krill Oil Supplements 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 Krill Oil Supplements 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 Krill Oil Supplements market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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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.
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