The krill oil market valuation is US$ 997.4 Mn in 2023 and is rising to US$ 2.7 Bn by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period.
The demand for krill oil in the food sector is rising as a means of supplying healthful gourmet ingredients and improving food quality. Consumers are more concerned than ever with their eating choices and general health. As krill oil becomes more widely used as an oil substitute, the market will have more potential during the anticipated time.
During the projected period, the market will expand significantly due to the increased demand for functional foods, healthy diets, and supplements. The demand for krill oil is growing faster than supply due to the availability of enriched goods and shifting lifestyles.
Get your hands on our Sample Report to stay up-to-date on the latest developments in the Compound Feed industry. Download now!@
https://www.futuremarketinsights.com/reports/sample/rep-gb-11067
How does Krill Oil help to Improve Patient’s Health?
Patients prefer krill oil to manage their high blood pressure and body cholesterol, which is anticipated to expand market potential over the course of the projection period. More people with chronic diseases and the ageing population are turning to krill oil to stay healthy.
Adopting krill oil reduces inflammation and gains healthy fats among patients increasing market growth during the forecast period. The demand for krill oil is increasing among patients to reduce joint and arthritis pain and improve their health.
Top Countries Influencing the Market:
The rising demand for krill oil supplements and promoting a healthy lifestyle is set to increase the US market expansion during the forecast period. Consumers are increasing the consumption of krill oil to avoid heart-related diseases and maintain cholesterol levels. These factors are influencing the US market growth.
The growing eating habits, healthy diet foods, and rising demand for nutrient-rich foods are accelerating the demand for krill oil in India. Gym trainers are increasing the consumption of krill oil capsules to maintain their daily nutrient diets and are thus advancing the Indian market. The present manufacturers and R&D activities uplift market opportunities.
Talk to Our Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-11067
Key Takeaways
- The krill oil market in the United States is anticipated to grow at a CAGR of 10% through 2033.
- With a CAGR of 11.1%, the United Kingdom’s krill oil marketsignificantly uplifts during the forecast period.
- The krill oil market in China is expected to grow at a CAGR of 14.4% over the forecast period.
- With a CAGR of 14.0% throughout the research period, the Indian krill oil market increases speedily.
- The German market is anticipated to grow at a CAGR of 9.4% during the forecast period.
Who is Winning?
Prominent companies are uplifting their market share by innovating new products. These companies provide a healthy substitute oil that prevents chronic disease, high heart rates, and inflammation.
A few of key players in the market are:
- Neptune Biotech
- Aker BioMarine AS
- Alpha B&H Co.
- Fuji Chemicals
- Krill Canada
- Rimfrost AS
- Norwegian Fish Oil AS
- Quingdao Kangjing Marine Biotechnology Co. Ltd.
- Xi’an Prius biological engineering Co. Ltd.
- Nutrifynn Caps Inc.
- Others
Recent Developments in the Market:
- In Nov 2020, Aker BioMarine announced its newly launched product Lysoveta- a delivery-based platform. The platform is LPC-bound DHA & EPA sourced from krill.
- In Jan 2018, Aker BioMarine- the krill oil leader, acquired Enzymotec to enhance its business goals.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs