Global Krill Oil Market Size & Share To Hit $474.0 Million By 2028, At a 11.4 % CAGR Growth | Industry Trends & Forecast Report by Polaris Market Research
The global krill oil market size is expected to reach USD 474.0 million by 2028, according to a new study by Polaris Market Research. The report “Krill Oil Market Share, Size, Trends, Industry Analysis Report, By Application (Dietary Supplements, Animal Feed, Functional Food & Beverages, Pharmaceuticals, Others); By Product; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth of the global industry is driven by factors such as increasing demand for healthy food supplements along with the increase in chronic diseases such as diabetes, cardiovascular diseases and cancer owing to the rise in the geriatric population across the globe. The increasing use of krill oil in infant formula will further boost the growth of the industry during the forecast period.
Get Sample Copy of Krill Oil Market Report @ https://www.polarismarketresearch.com/industry-analysis/krill-oil-market/request-for-sample
Krill oil is available in forms including liquid, softgels, and a capsule. The liquid form is predominantly used due to its applications in infant nutrition and emerging application as pet food. Capsules are also useful in pharmaceutical formulation for treating gastrointestinal irritation and nutrient delivery.
The companies operating in the industry are increasingly launching new products to strengthen their portfolio. In November 2020, Aker BioMarine launched LYSOVETA which is the new delivery platform based on LPC-bound DHA and EPA from krill. Aker BioMarine collaborated with the University of Illinois to further explore the potential of LYSOVETA.
Market participants such as Aker BioMarine, Ergomax, Neptune Wellness Solutions Inc, Norwegian Fish Oil AS, Nutracode, NutriGold Inc., NWC Naturals Inc., Qingdao Kangjing Marine Biotechnology Co., LTD., Rimfrost AS, and Schiff Nutrition International, Inc. are some of the key players operating in the global market.
Get Special Discount On this Research Report @ https://www.polarismarketresearch.com/industry-analysis/krill-oil-market/request-for-discount-pricing
Polaris Market Research has segmented the krill oil market report on the basis of product, application, and region:
Krill Oil, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Liquids
- Softgels
- Capsules
Krill Oil, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Dietary supplements
- Animal feed
- Functional food and beverages
- Pharmaceuticals
- Other Applications
Need More Information? Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/krill-oil-market/inquire-before-buying
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: +1-929-297-9727