An Incisive, In-depth Analysis on the Krill Oil Market
This study offers a comprehensive, 360 degree analysis on the Krill Oil market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Krill Oil market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Krill Oil Market to Rise at an Impressive Double-digit CAGR
The global krill oil market is projected to reach US$ 2,309.3 Mn by the end of 2029. The market was valued at US$ 674.3 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of over 13% between 2019 and 2029. Regionally, North America is expected dominate the global krill oil market. During the forecast period, Asia Pacific is expected to emerge as a lucrative market for krill oil. In terms of product, the market can be classified into liquid, capsules and soft gels. Of these, liquid krill oil witnesses high demand because of its increasing application in infant nutrition and pet food. Liquid krill oil is a liposomal product, which is why its application is poised to surge in the coming years.
Key Factors Driving the Market
Increasing Applications across Diverse Sectors Boost Growth
The krill oil market is gearing for double-digit growth in the coming years. To a large extent growth witnessed in the market is attributable to the rising applications of krill oil across diverse industries. According to the report, the demand for krill oil is expected to surge in pharmaceuticals and functional food and beverages segments. The rising demand for sports supplements, coupled with the rising awareness about gastrointestinal health, will boost the krill oil market. In addition to this, the market is expected to gain from the increasing pet ownership and the rising purchasing power of pet owners that make them more willing to spend on pet food contain krill oil.
North America Emerges as a Lucrative Market for Krill Oil
North America will remain a lucrative market or krill oil through the forecast period. Besides North America, Asia Pacific, Europe, Latin America and the Middle East and Africa are the key regional markets. The krill oil market will gain pace in response to the rising consumer inclination towards health and fitness. The same reason will drive the market in Mexico, Canada, and the U.S. These nations exhibit a high demand for functional food and beverages, which invariable creates a conducive environment to the growth of the krill oil market. In Asia Pacific, China, India, South Korea, Australia, and Singapore are a few of the lucrative markets for krill oil.
Rising Awareness among Consumers about Health Benefits of Krill Oil will Stoke Growth Opportunities
The rising awareness among consumers about the health benefits of krill oil will fuel its demand. In addition to this, the market will benefit from their increasing disposable incomes and consequent willingness to spend on products containing krill oil. In addition to this, the rising use of krill oil in pharmaceutical industry is expected to bode well for the overall market.
FREQUENTLY ASKED QUESTIONS ABOUT krill oil market
What drives the krill oil market?
The increasing geriatric population, particularly in developed countries is driving the global krill oil market. In addition to this, the market is forecast to benefit considerably from the increasing health awareness among consumers.
Which factors put krill oil market players at risk?
Concerns hovering over krill habitat on account of recent changes in zooplankton distributional limits, coupled with rising water temperature are key factors putting krill oil businesses at risk.
Which region will lead the global sales of krill oil?
The sale of krill oil is considerably in developed countries such as France, Japan, UK, and Germany. In addition to these, the market is expected to gain pace as the demand for nutrient rich food and beverages rises in India, China, and the U.S.
Which product segment offers most lucrative growth opportunities?
Soft gels are currently in high demand on account of their smooth texture and taste masking properties.
Which segment based on application will record the highest growth in the krill oil market?
Currently, krill oil application is considerably in dietary supplements segment. In addition to this, its rising use in animal feed and pharmaceutical industries is expected to stoke growth in the market.
Krill Oil Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Krill Oil market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global Krill Oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Chapter 01 - Executive Summary
The executive summary of the Krill Oil market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Krill Oil market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the Krill Oil market in this chapter, which will help them understand basic information about the Krill Oil market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Krill Oil market report.
Chapter 03 – Market Background
The associated industry assessment of the Krill Oil market is carried out in this section. The macroeconomic factors affecting growth of the Krill Oil market are provided in this section and the impact of these macroeconomic indicators on the Krill Oil market is analyzed. The processing overview and technological advancements in the Krill Oil market is also provided.
Chapter 04 - Global Intergrated Food Ingridents Market Value Chain
Profit margins at each level of the Krill Oil market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 – Market Dynamics
The drivers and restraints impacting the growth of the Krill Oil market are explained in this chapter. Opportunities and ongoing trends in the Krill Oil market are also comprehensively discussed.
Chapter 06 – Global Krill Oil Market Analysis and Forecast 2014-2029
This chapter includes detailed analysis of the historical Krill Oil market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019–2029). This chapter provides details about the Krill Oil market on the basis of form and end-users. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the Krill Oil market is anticipated to grow across North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.
Chapter 07 – North America Krill Oil Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Krill Oil market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type and countries in the North America region.
Chapter 08 – Latin America Krill Oil Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Krill Oil market in the Latin America region. This chapter also includes growth prospects of the Krill Oil market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 09 –Europe Krill Oil Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the Krill Oil market based on its end user in several countries such as EU-4, U.K., France, Italy, Spain, BENLUX, Nordic, Russia, Poland and Rest of Europe are included in this chapter.
Chapter 10 – Asia Pacific Krill Oil Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Krill Oil market in APEJ region including the important growth prospects of the Krill Oil in several countries such as China, India , South Korea, Australia and New Zealand are included in this chapter.
Chapter 11 – Middle East and Africa Krill Oil Market Analysis 2014-2018 & Forecast 2019-2029
This chapter offers insights into how the Krill Oil market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa and the Rest of MEA, during the forecast period 2019-2029.
Chapter 12– Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Krill Oil market along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the Krill Oil market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report are Neptune Biotech, Aker BioMarine AS, Enzymotec Ltd., Alpha B&H Co., Ltd., Fuji Chemicals, Krill Canada, Rimfrost AS, Norwegian Fish Oil AS, Quingdao Kangjing Marine Biotechnology Co. Ltd., Nutrifynn Caps, Inc., Xi'an prius biological engineering Co.,Ltd., Vestige Marketing Private Limited,Trophic Canada,Neptune Wellness Solutions ,NutriGold Inc. and others.
Chapter 13 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Krill Oil report.
Chapter 14 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Krill Oil market.
Sources and Primary Research Splits (%)
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites