Krill Oil Market Revolutionary Trends in Industry Statistics by 2020-2027
Global Krill Oil Market
According
to the current analysis of Reports and Data, the global Krill oil
market was valued at USD 352.9 million in 2018 and is expected
to reach USD 843.3 million by the year 2026, at a CAGR of 11.3%. The increasing
awareness among consumers of the health benefits of omega-3 fatty acids is a
crucial factor for the growth of the krill oil market. Among the regions, China
occupied around 1/3rd of the infant formula market in 2016-17, with imported
infant formula valued at about USD 2.5 billion annually. The demand for infant
milk formula is also expected to grow at a rate of 10%. There is a rising
demand for special/premium infant formula products. EPA and DHA are essential
for infant brain development and immunity strength. DHA has well-established
legal strains for incorporation into infant formula products in different
regulations and WHO recommendations. Thus, infant formula holds the major
market share for omega-3 consumer products in China.
The
report offers the latest impact of the COVID-19 crisis on the industry
verticals. COVID-19 began in 2019 and has since then affected every country of
the world, with the WHO declaring it as a public health emergency. The pandemic
has brought dynamic changes in the industry as it has affected the supply
chain, demands, trends, and overall market scenario. The report offers an
initial and future impact assessment of the pandemic on key segments of the
industry and offers revenue information in the post-pandemic scenario.
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The
report is an engaging document that provides vital statistical information
about the market in terms of dales, revenue, market share, and market size with
regards to product types, application spectrum, regional bifurcation, leading
players, and technological advancements.
A
comprehensive analysis of the competitive landscape is offered in the report
along with a study of the company profiles, product portfolio, manufacturing
and production capacity, technological developments, R&D advancements, and
strategic initiatives of the prominent players of the industry. Prominent
players operating in the industry and profiled in the report include Qingdao Kangjing Marine Technology,
Enzymotec Ltd., RB LLC, NWC Naturals LLC, Neptune Technologies &
Bioresources, Nutrigold Inc., Daeduck FRD Inc., Olympic Seafood AS, Azantis
Inc., and Norweigan Fish Oil, among others.
The Global Krill Oil Market is segmented as follows:
Product (Revenue, USD Million; 2016–2026, Volume,
Tons; 2016-2026)
Liquids,
Tablets
Distribution Channel (Revenue, USD Million; 2016–2026,
Volume, Tons; 2016-2026)
Supermarkets/Hypermarkets,
Departmental Store, Pharmacy Store, Online Store, Others
Application (Revenue, USD Million; 2016–2026, Volume,
Tons; 2016-2026)
Dietary
Supplements, Animal Food & Pet Food, Functional Food & Beverages, Pharmaceuticals,
Others
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The
report provides an explicit analysis of the market with regards to growth
driving factors, restraining factors, regulatory framework, threats and
opportunities, financial hurdles to offer a thorough outlook of the market. The
report also covers value chain analysis, market share, market size, CAGR, sales
and revenue, import/export, the scope of the market, growth prospects, and
other key factors. The report offers a regional analysis that covers key
geographies such as North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa.
The
report applies advanced analytical tools such as SWOT analysis, Porter’s Five
Forces analysis, along with feasibility analysis and investment return
analysis. It also offers strategic recommendations to new entrants as well as
established companies about market barriers. It also offers insights into
futuristic business opportunities, market scope, threats, and obstacles, to
enable fruitful business decision-making process.
Furthermore,
the report renders a complete analysis of the Krill Oil market that allows
readers to formulate profitable and lucrative business strategies by offering
insights into the competitive landscape, crucial market details, growth
prospects, regional rules and regulations, and other key factors.
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