Global Krill Oil Market Overview:
Krill oil is extracted from Euphausia Superba an Aquatic specie commonly found across Oceans. This Biproduct of Krill fish contains key ingredients namely Omega-3 Fats (Eicosapentaenoic Acid (EPA), and Docosahexaenoic Acid (DHA)), Phospholipids, and Choline these facilitate multiple Health benefits for Heart, Brain, Joint, Eye, Skincare, and Immune system. These elements in the Krill oil, unlike ordinary Fish oil, not only Modifies the cell structure, but also deposits Choline rich Phospholipids into it.
- Growing Health Awareness Among People
- Rising Demand for Omega-3 Products due to its Health Benefits
- Advance Extraction Techniques
- Increasing R&D on in Healthcare industry
- Side Effects due to Direct Consumption
- Significant portion of Population Allergic to Fish Bioproducts
- Growing Demand in Skin care Products
- Unexplored Markets in Emerging Region
- Geographical access to Fisheries
Krill Oil market comprises of high degree of competition, well established players have an edge over the new entrants in terms of customer base & raw materials for their products & understand the consumer requirements well. Players are concentrated majority in north America, particularly in the United States. Currently key players are in the industry are looking to enhance their existing range of product by implementing advance technologies and investing in R&D plus at the same time deliver quality products for changing consumer taste & preference across core areas including healthcare. Significant merger & acquisitions have happened in the recent years thus indicating towards the growth potential in the krill Oil market.
Some of the key players profiled in the report are Aker BioMarine (Norway), Coastside Bio Resources (United States), Neptune Wellness Solutions Inc. (Canada), NutriGold Inc. (India), Qingdao Kangjing Marine Biotechnology Co., Ltd. (China), NWC Naturals Inc. (United States), Daeduck FRD Inc. (South Korea), RIMFROST AS (Norway), Curivo Healthcare (India) and Epion Brands (United States). Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Krill Oil market. Considering Market by Packaging, the sub-segment i.e. Blister will boost the Krill Oil market.
Latest Market Insights:
On 22nd January, 2018 – Aker BioMarine along with Strategic Partnership with Frutarom, completed its Acquisition of Enzymotec’s Krill Oil Business valued at USD 21.6 Million.
On 7th July, 2020- Epion Brands Introduced its “Kori Pure Antarctic Krill Oil”, containing Essential Fats and Nutrients that derives Multiple Health Benefits.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Krill Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Krill Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants & Investors, Education and Research Institutions, Krill Oil Manufacturers, Suppliers, Distributers & Dealers of Krill Oil, End Use Industries, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and Government Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.