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.

Competitive landscape and key vendors

The krill oil market is moderately fragmented due to the presence of several global, regional, and local players. Krill oil vendors are focusing on launching new products and are investing in R&D to offer innovative and advanced products. Large players are engaging in M&A by acquiring the smaller players to consolidate their position in the omega krill oil market. The increasing strategic alliances among the players will intensify the competitive environment among the market players.

The leading vendors in the market are

• Aker BioMarine
• Enzymotec
• Omega Protein
• Reckitt Benckiser
• RIMFROST

The other prominent vendors in the market are Allinon Pharma, Health Natura, NHS Labs, NORWAY OMEGA, Nutrifynn Caps, NutriStart, Savant Distribution, and Viva Naturals.

Segmentation by product type and analysis of the krill oil market

• Krill oil tablet
• Liquid krill oil

Consumers primarily prefer krill oil tablets due to the convenience of use and consumption of these tablets. Tablets are easier to carry as compared to liquids and are further segregated into capsules and soft gels tablets.

Geographical segmentation and analysis of the krill oil market

• Americas
• APAC
• EMEA

Influenced by the growing awareness about the health benefits of consuming omega-3 fatty acids, consumers in EMEA are demanding a protein-rich diet.  Krill oil manufacturers are launching new and innovative products and are investing significantly in marketing activities to increase the consumer awareness. This will contribute to the growth of the krill oil market in EMEA.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global krill oil market?
• What are the key market trends impacting the growth of the global krill oil market?
• What are the challenges to market growth?
• Who are the key vendors in the global krill oil market?
• What are the market opportunities and threats faced by the vendors in the global krill oil market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global krill oil market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming report on the global krill oil market offers insights into the significant trends and drivers stimulating the growth of the food and beverage industry. Our reports for the food and beverage industry also follow a scrupulous data collection methodology and presents an extensive analysis of fast growing market segments like food.  

By analyzing the market landscape, surging demand for various segments in the food sector, the market analysts at Technavio present an all-inclusive picture of the krill oil market for the period of 2017 to 2021. Furthermore, our market research focuses on delivering valuable insights in multiple segments of the krill oil market. This market research report also presents an analysis of various services and products based on the insights from the information gathered from valuable resources such as market stakeholders and channel partners. 

This forthcoming market research report on the krill oil market also covers vendors Allinon Pharma, Aker Biomarine, Neptune Technologies & Bioressources Inc, and Azantis Inc. According to our market research experts, the increasing awareness about the health benefits of krill oil is expected to impact the global market during the next few years. 

The upcoming industry research report for krill oil market also categorizes the major drivers, key trends, along with the imminent restraints that the food sector currently experiences. This upcoming report on the krill oil market presents insights into the rapidly changing vendor landscape to give clients a complete overview of the forthcoming events within the food and beverage industry. Technavio also offers in-depth market assessments into the sectors such as food services and non-alcoholic beverages. 

Our market research methodology for the krill oil market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.