KRILL OIL MARKET GROWTH, TRENDS, AND PROJECTIONS (2019 - 2027)

KRILL OIL MARKET
KRILL OIL MARKET

In order to maintain good health overall, nutrients are essential. Several research on this topic have been published in prestigious scientific journals. However, as lifestyle and eating patterns change, consumers around the world are unable to consume the recommended amounts of nourishment. Low nutritional consumption has a negative impact on health, making people more susceptible to infections and disorders. In order to support general health, this has led to an increase in the usage of nutritional supplements.

Many people use krill oil as one of the main components of their healthy lifestyle regimen since it contains the essential omega-3 fatty acids. Due to their high protein content and nutritional value, krill oil-based products—which come in the forms of capsules, tablets, powder, and liquid—are marketed as healthy foods.

The global Krill Oil Market is projected to reach US$ 1289.6 million by the end of 2027, in terms of revenue, growing at CAGR of 12.9% during the forecast period (2019 to 2027).

The krill oil market has been divided into liquids, softgels, and capsules based on the product. The demand for liquid krill oil, a liposomal product that is excellent for newborn nourishment, is expected to increase throughout the course of the projection period. Over the next years, segment growth is anticipated to be driven by the rising demand for liquid krill oil in baby formula and pet food. On the other hand, soft gel applications have grown significantly in popularity in the industry and are anticipated to do so throughout the next years. Softgels are very well-liked because of their supple texture and ability to cover over tastes. Softgels are also simpler to swallow thanks to their flexible forms.

Some of the key application segments in the area include medications, infant formulae, and supplemental and functional foods. Growing consumer interest in fitness in the United States, Canada, and Mexico is anticipated to fuel product demand in the application of functional foods and beverages. The demand for krill oil in North America is additionally anticipated to increase over the ensuing years as a result of expanding health benefits and the launch of new dietary supplement product types.


 

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