According to the latest report published by Credence Research, Inc. “Global Krill Oil Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global krill oil market accounted for US$ 282.8 Mn in 2017, expanding at a CAGR of 13.1% from 2018 to 2026.

Market Insights

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.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/krill-oil-market

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.

Rising health consciousness as well as avoiding unhealthy food intake expected to strengthen the demand for krill oil and the market growth during the forecast period. Apart from this, rising demand for omega 3 fatty acids and consumption of nutritious diet anticipated to foster the demand for krill oil all over the world in upcoming years. At present, European region captured the maximum value share of krill oil market and anticipated to dominate over the forecast period. Rising awareness related to benefits of consuming krill oil along with increasing demand by various companies in pharmaceutical and dietary supplement segment projected to boost the demand for krill oil in Asia Pacific region and will expand the growth of the market during the forecast period. Rising acceptance of fish oil alternatives, which is growing at a CAGR of 5.8% globally from 2018 to 2026 and expected to surpass market value of US$ 3.7 Bn by 2026, is further likely to impel the growth of global krill oil market during the forecast period.

At present, the krill oil market is highly consolidated. There are many brands present in the market but very few have significant market share. Various strategies are adopted by companies to maintain their dominance in the market. Large multinationals are following similar pricing strategies and distribution channels. 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.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58100

Table of Content

Chapter 1 Preface 12
1.1 Report Scope and Description 12
1.1.1 Study Purpose 12
1.1.2 Target Audience 12
1.1.3 USP and Key Offerings 12
1.2 Research Scope 13
1.3 Research Methodology 14
1.3.1 Phase I – Secondary Research 14
1.3.2 Phase II – Primary Research 15
1.3.3 Approach Adopted 15
1.3.4 Top-Down Approach 15
1.3.5 Bottom-Up Approach 16
1.3.6 Phase III – Expert Panel Review 16
1.3.7 Assumptions 17
1.4 Market Segmentation 17

Chapter 2 Executive Summary 18
2.1 Market Snapshot: Global Krill Oil Market 20
2.1.1 Global Krill Oil Market, by Product Type, 2017 (US$ Mn) 21
2.1.2 Global Krill Oil Market, by Application, 2017 (US$ Mn) 21
2.1.3 Global Krill Oil Market, by Distribution Channel, 2017 (US$ Mn) 22
2.1.4 Global Krill Oil Market, by Geography, 2017 (US$ Mn) 22

Chapter 3 Krill Oil: Market Dynamics and Future Outlook 23
3.1 Introduction 23
3.2 Market Dynamics 24
3.2.1 Market Drivers 24
3.2.1.1 Availability of the products in various distribution channels 24
3.2.1.1 Rise in health awareness among the consumer 25
3.2.1.2 Rising demand for supplements 25
3.2.2 Market Challenges 26
3.2.2.1 The high manufacturing costs coupled with yield problems associated with extraction of pure krill oil 26
3.2.2.2 Presence of substitutes including omega fatty acid supplements 26
3.2.3 Market Opportunities 27
3.2.3.1 Strong demand from emerging economies 27
3.2.3.2 Rising demand from the end consumer segments 27
3.3 Attractive Investment Proposition, by Geography, 2017 29
3.4 Market Positioning of Key Players, 2017 30

Chapter 4 Global Krill Oil Market, by Product Type 31
4.1 Overview 31
4.2 Global Krill Oil Market Value Share, by Product Type, 2017 & 2026 (Value %) 32
4.2.1 Global Krill Oil Market Value, by Product Type, 2016–2026 (US$ Mn) 32
4.3 Liquid 33
4.3.1 Global Krill Oil Market, by Liquid, 2016 – 2026 (US$ Mn) 33
4.4 Tablet 34
4.4.1 Global Krill Oil Market, by Tablet, 2016 – 2026 (US$ Mn) 34

Chapter 5 Global Krill Oil Market, by Application 35
5.1 Overview 35
5.1.1 Global Krill Oil Market Value Share, by Application, 2017 & 2026 (Value %) 36
5.1.2 Global Krill Oil Market Value, by Application, 2016–2026 (US$ Mn) 36
5.2 Fortified Food & Beverages 37
5.2.1 Global Krill Oil Market, by Fortified Food & Beverages, 2016 – 2026 (US$ Mn) 37
5.3 Animal Feed 38
5.3.1 Global Krill Oil Market, by Animal Feed, 2016 – 2026 (US$ Mn) 38
5.4 Dietary Supplements 39
5.4.1 Global Krill Oil Market, by Dietary Supplements, 2016 – 2026 (US$ Mn) 39
5.5 Pharmaceuticals 40
5.5.1 Global Krill Oil Market, by Pharmaceuticals, 2016 – 2026 (US$ Mn) 40
5.6 Others 41
5.6.1 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 41

Chapter 6 Global Krill Oil Market, by Distribution Channel 43
6.1 Overview 43
6.1.1 Global Krill Oil Market Value Share, by Distribution Channel, 2017 & 2026 (Value %) 44
6.1.2 Global Krill Oil Market Value, by Distribution Channel, 2016–2026 (US$ Mn) 45
6.2 Supermarkets/Hypermarkets 45
6.2.1 Global Krill Oil Market, by Supermarkets/Hypermarkets, 2016 – 2026 (US$ Mn) 46
6.3 Departmental Store 46
6.3.1 Global Krill Oil Market, by Departmental Store, 2016 – 2026 (US$ Mn) 47
6.4 Pharmacy Store 47
6.4.1 Global Krill Oil Market, by Pharmacy Store, 2016 – 2026 (US$ Mn) 48
6.5 Online Store 48
6.5.1 Global Krill Oil Market, by Online Store, 2016 – 2026 (US$ Mn) 49
6.6 Others 50
6.6.1 Global Krill Oil Market, by Others, 2016 – 2026 (US$ Mn) 50

Chapter 7 Krill Oil Market by Geography, 2016 – 2026 51
…………..

Blog Medium: https://medium.com/@kumarganesh028/krill-oil-market-13-1-68db191034c5

About Credence Research (Original Publisher)

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

Toll-Free (US/CANADA) Ph.: +1-800-361-8290

E-mail: [email protected]

Website: http://www.credenceresearch.com