The krill oil market valuation is US$ 997.4 Million in 2023 and is rising to US$ 2.7 Billion by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period.
In the food industry, krill oil is gaining popularity as a way to supply nutritious gourmet ingredients while also improving food quality. Consumers are more conscious than ever before of their eating habits and overall health. The market will expand over the projected period as the use of krill oil as an oil replacement grows.
Increased demand for functional foods, healthy diets, and supplements will drive market expansion throughout the forecast period. Demand for krill oil is being driven by the availability of enhanced meals as well as changing lifestyles.
Unleash Knowledge’s Power! Request Our Report Sample Today for Enhanced Understanding
https://www.futuremarketinsights.com/reports/sample/rep-gb-11067
How does Krill Oil help to Improve Patient’s Health?
Patients prefer krill oil to treat high blood pressure and cholesterol levels, fueling market growth throughout the projection period. Krill oil is increasingly being used to help the growing geriatric population and chronic illness patients maintain their health.
Adoption of krill oil reduces inflammation and boosts healthy fats in patients, leading in higher market growth during the forecast period. Patients are increasingly turning to krill oil to relieve joint and arthritic pain while also improving their overall health.
Top Countries Influencing the Market:
The increased demand for krill oil supplements and the promotion of a healthy lifestyle are expected to drive market growth in the United States over the forecast period. Consumers are increasing their intake of krill oil in order to avoid heart disease and maintain cholesterol levels. These variables are driving the growth of the US market.
In India, expanding eating habits, healthy diet foods, and increased demand for nutrient-rich meals are driving the demand for krill oil. Gym trainers are boosting their use of krill oil capsules to supplement their daily nutrient diets, propelling the Indian market forward. Current manufacturers and R&D activity increase market opportunities.
Unleash Your Decision-Making Potential! Request a Custom Report to Supercharge Your Decisions Today
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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
