Press release
Krill Oil Market expected to reach US$ 2.25 Bn by 2031, at a CAGR of 10.7%
Krill Oil Market
The krill oil market will represent 35.4% of the global fish oil market. Focus on innovations and expanding regional footprint is considerably high among the market players. This will create impressive prospects for sales of krill oil products in the coming years.
Request a free report sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-11067
Modern consumers are more inclined towards maintaining a healthy lifestyle, which is expected to shape the growth of the overall dietary supplements market. This will in turn result in increased consumption of krill oil based dietary supplements products.
According to Future Market Insights (FMI), the krill oil market will exhibit a CAGR of 10.7% in 2021 -2028, up from 8.2% registered between 2016 and 2020.
“The demand for krill oil has surged on account of the increasing awareness about health benefits of krill oil amongst consumers. To capitalize on existing opportunities, the leading market players are focusing on research and development efforts to explore new segments for application. Manufacturers are also focusing on sustainable production of krill oil to maintain the marine ecosystem balance,” said a lead analyst at FMI
The demand for krill oil will be fueled by consumer awareness about its various health benefits. Furthermore, the market will gain from the increasing disposable incomes of consumers and consequently their interest in spending on dietary supplements derived from krill oil. Furthermore, the increasing use of krill oil in the pharmaceutical and food & beverage industry is projected to bolster the market.
The global krill oil market is likely to be dominated by North America. East Asia and South Asia are predicted exhibit high growth through the forecast period. The market can be divided into three form type liquid, capsules, and soft gels. Krill oil soft gels, in particular, is in high demand due to their growing use in dietary supplements and pet food.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-11067
Increasing awareness about the health benefits of krill oil supplements owing to digitalization and enhanced global reach of international brands through e-commerce platforms is expected to augment the demand for krill oil products.
Key Takeaways from the Krill Oil Market Study:
• The U.S. is estimated to account for more than 91.2% of the North America market in 2021, supported by increased consumption of krill oil-derived dietary supplements.
• According to FMI analysis, Australia is estimated to account for nearly 83.3% of the Oceania market in 2021.
• China is dominating the East Asia krill oil market. It accounts for 50.1% of East Asia market share.
• Krill oil application for dietary supplements is estimated to account for nearly 53.9% sales in the market in 2021.
• Krill oil soft gels segment is expected to hold 44.9% of market share in 2021.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/11067
Competitive Landscape
Key players existing in the global krill oil market are focusing on reaching a large consumer base by implementing various strategies such as marketing and promotional activity, adopting sustainable production and strengthening research & development.
Some of the leading companies offering krill oil are Alpha B&H Co., Fuji Chemicals, Xi'an Prius biological engineering Co. Ltd, Krill Canada, Rimfrost AS, Neptune Biotech, Norwegian Fish Oil AS, Quingdao Kangjing Marine Biotechnology Co. Ltd.,. Nutrifynn Caps Inc., Aker BioMarine AS
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Krill Oil Market expected to reach US$ 2.25 Bn by 2031, at a CAGR of 10.7% here
News-ID: 2504758 • Views: …
More Releases from FMI
Cow Colostrum Market to grow at 6.3% CAGR through 2031
According to a recent market study by Future Market Insights (FMI), the global cow colostrum market is projected to display a CAGR of over 6% during the forecast period from 2021 – 3031. According to a field survey conducted by ColoPlus AB, the use of colostrum in medical nutritional food boosts the immune system of children diagnosed with acquired immune deficiency syndrome (HIV/AIDS), as well as lowers the risk of…
Quillaja Extract Market likely to surge at a vigorous 10% CAGR during the assess …
Future Market Insights’ (FMI’s) study has projected the quillaia extract market to reach a valuation of 11.9 Mn in 2021. Rising focus on including natural ingredients in pet food will create opportunities for growth between 2021 and 2031.
Demand for nutritional and plant-based ingredients in pet food from the pet owners is pushing the production adoption of quillaia extract, widening growth opportunities for the manufacturers. Increasing awareness about the pet’s food…
Postnatal Health Supplements Market likely to surge at a vigorous 7% CAGR during …
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers details about key factors driving demand for postnatal health supplements. The report tracks the global sales of postnatal health supplements in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the dietary supplements industry in general, and postnatal health supplements in particular.
The global postnatal health supplements market is forecast to expand at…
Citrus Seeds Market to grow at 6.3% CAGR through 2021- 2031
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for citrus seeds. The report tracks the global sales of citrus seeds in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and citrus seeds in particular.
Request a free report sample to obtain authentic analysis and comprehensive market…
More Releases for Krill
Krill Meal Market 2022 Precise Outlook- Krill Canada, SipCarp, RIMFROST
Krill Meal Market is a data-intensive report that includes expert analysis to help draw conclusions. It will also be an aid in formulating strategies for an existing or new business. One of the most read topics that will interest readers is competitive market information and analysis. The Krill Meal market is expected to grow at a significant CAGR during the forecast period.
The Global Krill Meal Market Size 2022 is Projected to Grow at a CGAR ~4.0% During…
Krill Oil Market | Medical Benefits Of Krill Oil Are Expected To Propel The Evol …
Global Krill Oil Market: Snapshot
In the highly competitive pharmaceutical space, where manufacturing companies constantly endeavor to find new products having different unique perceived benefits, to appeal to consumers, krill oil is fast gaining popularity. This is because krill oil contains fatty acids similar to fish oil. Unlike other fats, these fats are beneficial as they relieve swelling, bring down cholesterol, and make blood platelets less sticky which brings down their…
Krill Powder Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Krill Powder analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Krill Powder 2020-2025” Research Report categorizes the global Krill Powder by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities…
Krill Oil Market: Global Forecast over 2022
Krill is a tiny shrimp-like crustacean that lives in oceans across the world. Krill is harvested as a food source for both human beings and animals. Krill oil is extracted using both solvent and solvent-free extraction techniques. Krill oil offers several health benefits and consists of various essential nutrients including antioxidants such as astaxanthin and phospholipid-derived fatty acids (PLFA). Astaxanthin acts as an antioxidant and also imparts the dark red…
Krill Oil Market Trends And Dynamics By 2026
Global Krill Oil Market: Snapshot
In the highly competitive pharmaceutical space, where manufacturing companies constantly endeavor to find new products having different unique perceived benefits, to appeal to consumers, krill oil is fast gaining popularity. This is because krill oil contains fatty acids similar to fish oil. Unlike other fats, these fats are beneficial as they relieve swelling, bring down cholesterol, and make blood platelets less sticky which brings down their…
Krill Meal Market: Global Forecast over 2027
Krill meal is a specialty feed ingredient, which is made up of small shrimp-like crustacean, Krill. Ithas been manufactured by the companies for more than 10 years. Krill meal is a rich source of protein and more than 200,000 tons of krill meal is transported worldwide. Although there are more than 80 species of krill and currently only 6 species of krill are fished,but the two major species of krill…
