Projected Market Size (2034): USD 1,060.56 Million
CAGR (2023-2034): 9%
Pricing Analysis:
Price Growth
Regional Variations
Market Historic Sales
Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
Analysis of revenue contributions from different manufacturers in the market.
Krill Oil Market Definition
The krill oil market is a crucial sector of the nutraceutical industry. This industry deals in the manufacturing and distribution of oil that is derived from marine animals. It is mainly prepared from a species of Antarctic krill named Euphausia superba. These oils are rich in the omega-3 fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). It is used to reduce pain and swelling and prevent the blood from clotting easily. Krill oils are found in the market in various forms, including liquid, soft gels, and capsules. The growing cases of cardiovascular diseases across the world have shaped the industry in a positive way. This market is likely to rise significantly with the growth of the medical sector across the world.
The rising application of krill oil in dietary supplements, animal feed, functional food & beverages, pharmaceuticals, and some others has boosted the market growth. Also, the availability of these oils in supermarkets/hypermarkets, drug stores & pharmacies, online retailers, and some others is crucial for industrial growth. Moreover, the high efficacy of krill oil in the treatment of premenstrual syndrome and arthralgia is expected to drive the growth of the krill oil market.
Research and developments associated with krill oil along with growing demand for eco-friendly products are expected to create ample growth opportunities for the market players in the future. In July 2024, NYO3 launched a multipurpose krill oil in China. This krill oil is manufactured for women and sports users across the region.
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