The Krill Oil market report provides separate complete analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2018 through 2026.Market data and analytics are derived from primary and secondary research.
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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Distribution is a key success factor in the current krill oil industry. Rising competition and comparatively slow market growth rate of the krill oil market has compelled companies to focus on increasing product penetration. Supermarkets, drugstores, mass merchandisers, etc. play an important role in the distribution of krill oil products.
Rising consumer demands for green products is driving the shift from niche distribution channels to mainstream mass retailers. Mass merchandisers such as Wal-Mart and Target are introducing krill oil products into their retail chain. Moreover, supermarkets such as Loblaws and Safeway are also expanding their product range.
This has resulted in a sharp increase in sales of these products. At present, even if the krill oil products are making inroads in drug stores, pharmacies and mass-market retailers, the specialist retail outlets still constitute the major share in the market. Mass merchandisers such as Wal-Mart, Target etc. and supermarkets such as Safeway, Loblaws etc. account for the higher market share through the sale of krill oil products.
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.
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This report offers high-quality insights and is the outcome of detailed research methodology including extensive secondary research, accurate primary interviews with industry stakeholders and validation and triangulation with Research’s internal database and statistical tools. More than 2,000 authenticated secondary sources, such as company’s annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts have been executed to obtain both the qualitative and quantitative insights.
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The report defines, describes, and forecasts the global Krill Oil market by type, application, gas, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also includes various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market surveys in terms of value, and future trends in the Krill Oil market.
This report presents market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Krill Oil Market structure: Overview, industry life cycle analysis, supply chain analysis
- Krill Oil Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Krill Oil Market trend and forecast analysis
- Krill Oil Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Krill Oil market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Why buy this report?
- The report identifies and addresses key markets for Krill Oil, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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