Krill Oil Market

Krill Oil Market

Global Market Study on Krill Oil: Growing Preference for Functional Food Products to Aid Market Expansion

  • XPLREP1081

  • August, 2021

  • 171 Pages

  • Food

Krill Oil Market: Report Scope

Krill is a tiny shrimp-like crustacean that lives in oceans across the world. Krill is harvested as a food source for both, human beings and animals. Krill oil is extracted using both solvent and solvent-free extraction techniques. Krill oil offers several health benefits and consists of various essential nutrients including antioxidants such as astaxanthin and phospholipid-derived fatty acids (PLFA).

Astaxanthin acts as an antioxidant and also imparts the dark red color to krill oil. Krill oil is beneficial to persons suffering from high blood pressure, stroke, cancer, osteoarthritis, depression, and premenstrual syndrome (PMS). Krill oil is consumed in oil form, soft gel, and also can be added to functional foods & beverages, sports food, and infant food.

Krill oil & krill meal are used in pet and animal feed products to improve immunity, and to build overall strength. Krill oil pumps, pills, lotions, and other products are available in the market.

Increasing consumer inclination towards the maintenance of a healthy lifestyle via dietary supplements consumption and food fortification with omega-3 alternatives is a major trend propelling the growth of the krill oil market.

To understand and assess opportunities in this market, the report is categorically split into three sections namely, market analysis by form, application, and region. In the report, we have also analyzed the global krill oil market in terms of market value.

The report starts with an overview of the global krill oil market and usage of these products in specific markets across the globe. XploreMR (PMR) covers the global krill oil market performance in terms of revenue and consumption. It includes Persistence Marker Research’s analysis of key trends, drivers, and restraints, from the supply-side and demand-side perspective.

Impact analysis of key growth drivers and restraints, based on the weighted average model, is included to better equip clients with crystal clear decision-making insights. The report further analyzes the global market on the basis of application and presents market size in terms of value during the forecast period (2021–2031).

Research Methodology

To deduce the krill oil market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, region, and application; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates.

The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the krill oil market.

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future.

Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the krill oil market.

To develop market forecasts, XploreMR has also conducted a factor analysis to understand the impact of various forces/factors on the target market.

The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is an analysis of the krill oil market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market.

However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the krill oil market.

Further, to understand key segments in terms of their growth and overall krill oil market performance, XploreMR has developed a market attractiveness index to help providers identify existing market opportunities in the krill oil market.

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Global Market Study on Krill Oil: Growing Preference for Functional Food Products to Aid Market Expansion
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