Rising Health Awareness and Health Benefits Associated with Consumption of Krill Oil are Likely to Impel the Growth of Krill Oil Market in Future
BROOKYLN, 11230, UNITED STATES, December 15, 2017 /EINPresswire.com/ — “Krill Oil Market: Global Demand Analysis & Opportunity Outlook 2023”
The global krill oil market is segmented by consumption such as liquid and tablets. Further, tablet segment is sub-segmented into soft gels and capsules. Furthermore, growing adoption of krill oil amongst the population for various health benefits such as hair fall control and weight loss is escalating the growth of krill oil market. Apart from this, easy availability of krill oil products in forms of gels and capsules is fuelling the consumption of krill oil products.
Global krill oil market is expected to register a 13.2% CAGR over the forecast period. Moreover, the global krill oil market is estimated to reach at notable revenue of USD 720 Million by the end of 2024. The market is expected to expand on the back of increasing awareness amongst the consumers regarding health benefits of krill oils across the globe. Further, perception amongst the population regarding effect of krill oil on child’s brain development in mother’s womb is a major factor which is increasing the demand of krill oil.
The dietary supplements segment by application is witnessing remarkable growth owing to a number of factors such as increasing health consciousness amongst the population. Consumers are adopting krill oil products in their daily diet in order to gain beneficial advantages of krill oil such as enhanced cardio protection, brain benefits and improved heart health. Furthermore, availability of a range of krill oil products is increasing the sales krill oil products.
Rising Health Awareness
Increasing concerns regarding fitness and wellness amongst the consumers is a major factor which is likely to augment the demand for krill oil products in near future. Increasing prevalence of diseases across the globe such as cardiovascular diseases and others are also escalating the demand for krill oil products across the globe.
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Wide Scale Applications of Krill Oil
Krill oil has a wide range of health benefits. Consumers across the globe are adopting krill oil products according to their health requirement. Growing obesity across the globe is also a major factor which is estimated to drive the demand for krill oil in near future.
However, there are various perceptions amongst the population regarding side effects of krill oil. Further high cost of krill oil, availability of other alternatives who have similar applications and adoption of fish oil over krill oil are some of the factors that are likely to hinder the growth of the krill oil market in the near future.
The report titled “Krill Oil Market : Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global krill oil market in terms of market segmentation by consumption, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global krill oil market which includes company profiling of Enzymotec Ltd., NutriGold Inc., Neptune Technologies, Bio-resources Inc., RB LLC., NWC Naturals Inc., Daeduck FRD Inc., Qingdao Kangjing Marine Biotechnology Co Ltd., Aker Bio-Marine, and Hellenia Healthfoods. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global krill oil market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Source: EIN Presswire