Global Krill Oil Market 2017-2021

Overview of the global krill oil market

Technavio's market study identifies the health benefits of krill oil as one of the primary growth factors for the krill oil market. Krill oil provides several health benefits such as improved heart health, prevents arthritis, reduces inflammation, and reduces effects of depression. Additionally, the consumption of krill oil by pregnant ladies also aids in neurological development of their infants. Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) enhance mood by reducing inflammatory processes in the brain. With the increase in consumer awareness on the benefits of consuming krill oil, the coming years will witness an increase in its demand, fueling market growth. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 13% by 2021.

The adoption of sustainable krill harvesting will be one of the key trends that will gain traction in the krill oil market during the next few years. Sustainable krill harvesting ensures that a healthy breeding population of krill is left behind in the krill fishery. Increasing environment concerns and the declining krill population is influencing consumers to demand for sustainably harvested krill oil products. This will consequently influence the growth of sustainable krill harvesting. Cleanmarine Krill Oil is the first omega-3 oil in Europe to be certified by the MSC standard for sustainability.