krill oil market
DESCRIPTION
The study segments Krill Oil industry in light of major classification such as product type, potential markets, application, and end-user.TRANSCRIPT
Krill Oil Market To Reach USD 843.3 Million By 2026www.reportsanddata.com
Market SummaryIncreasing consumer demands for a healthy oil to reduce cholesterol and rising demand for Omega 3 Fatty Acids are key factors contributing to high CAGR during the forecast period. Market Size – USD 352.9 million in 2018, Market Growth - CAGR of 11.3%, Market Trends – Increasing usage of Krill Oil in healthcare
According to the current analysis of Reports and Data, the global Krill oil market was valued at USD 352.9 million in 2018 and is expected to reach USD 843.3 million by the year 2026, at a CAGR of 11.3%. The increasing awareness among consumers of the health benefits of omega-3 fatty acids is a crucial factor for the growth of the krill oil market. Among the regions, China occupied around 1/3rd of the infant formula market in 2016-17, with imported infant formula valued at about USD 2.5 billion annually. The demand for infant milk formula is also expected to grow at a rate of 10%. There is a rising demand for special/premium infant formula products. EPA and DHA are essential for infant brain development and immunity strength. DHA has well-established legal strains for incorporation into infant formula products in different regulations and WHO recommendations. Thus, infant formula holds the major market share for omega-3 consumer products in China.
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Market SummaryKrill Oil is derived from small organisms named krill that are small red-colored crustaceans, similar to shrimp, that flourish in extremely cold waters and are mostly found near the Antarctic Ocean. Their survival in such an indifferent environment is attributable to the organism having a high content of long-chain polyunsaturated fatty acids (LCPFAs), including docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) attached to their cell membranes via phospholipids (primarily phosphatidylcholine). This structure provides optimum membrane fluidity in cold temperatures and an ideal source of omega-3 fatty acids.
There has been a recent growth in the consumption of krill oil among the consumers in developed regions such as Europe and North America due to the rising awareness of the importance of omega-3 fatty acids, docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA) in daily nutritional requirements, which KO provides. The European region accounts for the largest market share of the global krill oil market. Moreover, the German KO market is projected to witness positive growth owing to increasing awareness about fatty acid deficiencies in the region.
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Market SummaryFurther key findings from the report suggest• Krill oil is an attractive dietary supplement that might help in the maintenance of skin health and
treatment of skin disorders by both its omega-3 and phospholipid components. By increasing the amount of omega-3 fatty acids in the body, krill oil has the ability not only to influence skin hydration and elasticity, but also the amount and size of wrinkles.
• Phospholipids (PL) help in mixed micelle formation and enhance lipid absorption. In humans, dietary PLs are hydrolyzed to lyso-PC and free fatty acid (FFA), which are absorbed after binding to albumin or through the enterocytes, a process that increases the delivery of PUFAs to tissues. Furthermore, studies in animals suggest that up to 20% of it may also be absorbed intact, without being first cleaved by phospholipase A2.
• Krill is an increasingly crucial source of n-3 PUFAs as Krill oil has high DHA and EPA-containing phospholipids, which might be better bioavailable with some uncertainty. KO has a considerable amount of astaxanthin, an important natural antioxidative component. Moreover, intake of food rich in antioxidants is beneficial to reduce the risk of cardiovascular, high blood pressure, and cancer. KO in animal feeding with a high-fat diet has been demonstrated to improve its dyslipidemia, body weight, and glucose metabolism.
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Market SummaryKey participants include Qingdao Kangjing Marine Technology, Enzymotec Ltd., RB LLC, NWC Naturals LLC, Neptune Technologies & Bioresources, Nutrigold Inc., Daeduck FRD Inc., Olympic Seafood AS, Azantis Inc., and Norweigan Fish Oil, among others.
For the purpose of this report, Reports and Data has segmented the Krill oil market on the basis of product, distribution channel, application, and region:Product (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)• Liquids• Tablets
Distribution Channel (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)• Supermarkets/Hypermarkets• Departmental Store• Pharmacy Store• Online Store• Others
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Market SummaryApplication (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)• Dietary Supplements• Animal Food & Pet Food• Functional Food & Beverages• Pharmaceuticals• Others Regional Outlook (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)• North America• Europe• Asia Pacific• Middle East & Africa• Latin America
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