According to the latest report published by Credence Research, Inc. “Global Krill Oil Market for US$ 282.8 Mn in 2017, expanding at a CAGR of 13.1% from 2018 to 2026.
The purpose of the report is to illustrate the state of the market of Krill Oil, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2018, and also, to build a forecast for the growth of the industry in the medium term until 2026.
The global market for krill oil was pegged at US$ 282.8 Mn in 2017 growing with a CAGR of 13.1% during the forecast period from 2018 to 2026. Krill oil is an oil extracted from a species of Antarctic Krill. The two of most significant components in krill oil include phospholipid derived fatty acids and omega 3 fatty acids. It is generally extracted with the help of solvent or solvent free extraction. Rising benefits of krill oil for various applications such as fortified food & beverages, animal feed, dietary supplements, pharmaceuticals, and others expected to expand the growth of krill oil market during the forecast period.
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Key market players in the global Krill Oil market include Aker BioMarine AS, Azantis Inc.,Daeduck FRD Inc., Enzymotec Ltd., Neptune Wellness Solutions, Norweigan Fish Oil, NutriGold Inc., NWC Naturals Inc., Olympic Seafood AS, Qingdao Kangjing Marine, Biotechnology Co Ltd., RB LLC. and Rimfrost AS. Among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Krill Oil buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Krill Oil contains:
Analysis and forecast of Krill Oil market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Krill Oil market;
Assessment and forecast of Krill Oil market development;
Financial and business profiles of the leading companies in the Krill Oil industry.
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– Up to date working Krill Oil data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Krill Oil for the period 2018 to 2026
– Planned Krill Oil additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Krill Oil projects by region, key countries, and companies
– Details of major planned Krill Oil projects in the world up to 2026
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