Krill Oil Market to Reach USD 812 million in 2023, Growing at a CAGR of 10.21% | CAGR

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Krill Oil Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Krill Oil Market Analysis and Size

The Global Krill Oil Market size was valued at USD 812 million in 2023 and is estimated to grow at a CAGR of around 10.21% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the Krill Oil Market are Aker Bio Marine, Enzymotec USA Inc., Omega Protein, Rimfrost AS, Schiff Nutrition International Inc., Norwegian Fish Oil AS, Nutri Gold Inc., Ergomax, Qingdao Kangjing Marine Biotechnology Co. Ltd, NWC Natural Inc., Nutracode, Krill Canada Corporation, Superbakerill, and Others.

Krill Oil Market Growth Driver:

Consumers' Increasing Demand for Dietary Supplements to Promote Market Growth – In recent times, shifts in lifestyles & dietary preferences have led to a global shortage in meeting recommended nutrition levels. As a result, consumers are increasingly turning to supplements to address this nutritional gap. Krill oil, containing essential omega-3 fatty acids, has gained popularity among individuals adopting healthy lifestyle practices.

Also regarded as a health-conscious choice due to its high protein content and nutritional value, krill oil is available in various forms, including capsules, tablets, powders, and liquids. The growing health awareness among the public has sparked heightened interest in dietary supplements for overall well-being. Hence, this surge in appeal is propelling the demand for krill oil supplements, thereby driving the Krill Oil Market.

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Market Segment and Geographical Analysis

By Form

• Liquid-Market Size & Forecast 2019-2030F, USD Million
• Capsule- Market Size & Forecast 2019-2030F, USD Million
• Soft gels- Market Size & Forecast 2019-2030F, USD Million

By Application

• Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million
• Fortified Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
• Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million
• Animal Feed- Market Size & Forecast 2019-2030F, USD Million
• Others- Market Size & Forecast 2019-2030F, USD Million

By Distribution Channel

• Offline- Market Size & Forecast 2019-2030F, USD Million
  • Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
  • Drug Stores & Pharmacies- Market Size & Forecast 2019-2030F, USD Million
• Online- Market Size & Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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