According to the new market research report by IndustryARC titled “Krill Oil Market: By Product (Liquids, Tablets); By Application (Dietary Supplements, Animal Food & Pet Food, Functional Food & Beverages, Pharmaceutical, Others); By Sector (On Shore & Off Shore); By Well Type (Open Hole & Cased Hole) & Geography — (2015–2022)”, the market is driven by the rising consciousness about Omega 3 deficiency and the growing individuals’ preference for better work-life balance.
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https://industryarc.com/Report/17818/krill-oil-market.html
Americas hold the largest market share in the Krill Oil Market:
Americas region holds the largest market share in the Krill Oil Market. However, Asia Pacific holds significant market growth during the forecast period. The presence of major fisheries and favorable trade environment are likely to drive the market in European region. The rise in fishing activity and presence of krill fish in Oceans surrounding South Asian nations such as India and Vietnam is driving the market in APAC region. The key applications in European region are Dietary Supplements and Pharmaceutical among others.
Selected Product Analysis done in the full report:
Krill Oil is extracted from crustaceans that are found in deep oceans. The fish species that are primarily used in the extraction process are Antarctic Krill, Euphasia Pacifica, and Euphasia Superba.
Krill is served as a major food source for most of the marine creatures. Krill oil is available as a supplement primarily in softgel formulation.
Krill Oil is helpful to beat blood pressure and triglycerides. It also helps to improve heart health.
Excerpts on Market Growth Factors:
The adoption of sustainable Krill harvesting will be one of the key trends that will gain traction in the Krill Oil Market over the next few years.
The liquid krill demand is driven by the rapid introduction of new krill products within the liquid krill oil segment.
The demand in European region was over 60.0 millions in 2015 accounting for over 35% of the overall market. The hunt for Omega 3 substitutes and rising consumer knowledge are reportedly driving the market in this region.
European Krill Oil Market is valued at $64.6 millions in 2016 and is anticipated to reach $156.16 million by 2023 at a CAGR of 13.44%.
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Key players of Krill Oil Market:
Cleanmarine Krill Oil is one of the best krill oil and the first omega-3 oil in Europe to be certified by MSC standard for sustainability.
The key players in the market include Aker BioMarine, Enzymotec, Omega Protein, Reckitt Benckiser, and RIMFROST are the leading vendors in the Krill Oil Market. The other prominent vendors include Allinon Pharma, Health Natura, NHS Labs, NORWAY OMEGA, Nutrifynn Caps, NutriStart, Savant Distribution, and Viva Naturals.
Krill Oil Market Report is segmented as indicated below
Krill Oil Market Market By Product:
1.Liquids
2.Tablets
Krill Oil Market By Application
1.Dietary Supplements
2.Animal Food & Pet Food,
3.Functional Food & Beverages
4.Pharmaceutical
Krill Oil Market By Well Type
1. Open Hole
2.Cased Hole
What can you expect from the report?
The Krill Oil Market is Prepared with the Main Agenda to Cover the following points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
And More
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