Krill Oil Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies

Posted December 30, 2020 by balaji8901

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%.

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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Last Updated December 30, 2020