Krill Oil Capsules Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2028

0
31

As per Reports and Data’s current analysis, the global Krill Oil Capsules Market was worth USD 445.4 million in 2020 and is expected to grow at a CAGR of 10.70% to reach USD 1,012.1 million by 2028. The market’s growth is driven by increasing consumer awareness of the health benefits of omega-3 fatty acids. China currently holds around 1/3rd of the infant formula market, with imported infant formula worth around USD 2.5 billion annually, and demand for infant milk formula is expected to grow at a rate of 10%. The market for special/premium infant formula products is also increasing due to the essential role that EPA and DHA play in infant brain development and immunity strength. Thus, the infant formula market holds the major market share for omega-3 consumer products in China.

Small crustaceans called krill are found in incredibly cold waters, particularly close to the Antarctic Ocean, and are the source of Krill Oil Capsules. These organisms have high concentrations of long-chain polyunsaturated fatty acids (LCPFAs), such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), which are ideal sources of omega-3 fatty acids and ensure optimal membrane fluidity in cold temperatures

Due to growing understanding of the significance of omega-3 fatty acids, DHA, and EPA in daily dietary requirements, use of krill oil capsules is rising in developed nations like Europe and North America. The market for krill oil capsules is dominated by the European region, and it is anticipated that Germany will have favourable growth as a result of growing consumer knowledge.

To Get a Sample Copy of the Report, Click On @ https://www.reportsanddata.com/download-free-sample/2375

Major Companies:

Qingdao Kangjing Marine Technology, Aker BioMarine, RB LLC, NWC Naturals LLC, Nutrigold Inc., Daeduck FRD Inc., Neptune Technologies & Bioresources, Rimfrost AS, Azantis Inc.

Krill Oil Capsules Market Growth Driving Factors and Restraints:

Growth Driving Factors:

  1. Increasing Awareness of Health Benefits: Krill Oil Capsules is a rich source of omega-3 fatty acids and contains high levels of EPA and DHA, which are essential for brain development, immunity, and cardiovascular health. The rising awareness of the importance of omega-3 fatty acids in daily nutritional requirements is driving the growth of the Krill Oil Capsules market.
  2. Rising Demand for Infant Formula: There is a growing demand for infant formula products that contain EPA and DHA, which are crucial for infant brain development and immunity strength. The infant formula market holds the major market share for omega-3 consumer products in countries like China.
  3. Product Innovation: Manufacturers are investing in research and development activities to develop innovative Krill Oil Capsules products in different forms to attract consumers. The introduction of Krill Oil Capsules in various product forms such as soft gels, tablets, and capsules is driving the market’s growth.
  4. Growing Health Consciousness: The increasing trend of adopting healthy lifestyles, coupled with the growing awareness of the benefits of omega-3 fatty acids, is driving the growth of the Krill Oil Capsules market.

Restraints:

  1. Limited Availability: Krill Oil Capsules is derived from small crustaceans called krill, which are found in extremely cold waters. The limited availability of krill restricts the production of Krill Oil Capsules, which may lead to supply constraints.
  2. High Price: Krill Oil Capsules is relatively expensive compared to other sources of omega-3 fatty acids, such as fish oil. This high price may limit the adoption of Krill Oil Capsules by price-sensitive consumers.
  3. Sustainability Concerns: Krill is a vital part of the marine ecosystem, and its overfishing may lead to adverse effects on the food chain. The sustainability concerns surrounding the harvesting of krill may restrict the growth of the market in the future.
  4. Competition from Other Sources: Krill Oil Capsules faces competition from other sources of omega-3 fatty acids such as fish oil, flaxseed oil, and algae oil. These alternatives are less expensive and readily available, which may impact the growth of the Krill Oil Capsules market.

Driving Factors of the Krill Oil Capsules Market:

  1. Health Benefits: Krill Oil Capsules is a rich source of omega-3 fatty acids, including EPA and DHA, which are essential for brain development, cardiovascular health, and immunity. The increasing awareness of the health benefits of omega-3 fatty acids is driving the demand for Krill Oil Capsules.
  2. Growing Demand for Infant Formula: Infant formula products containing EPA and DHA are essential for infant brain development and immunity strength. The demand for these products is increasing, and the infant formula market holds the major market share for omega-3 consumer products in countries like China.
  3. Product Innovation: Manufacturers are investing in research and development to create innovative Krill Oil Capsules products in different forms to attract consumers. The introduction of Krill Oil Capsules in various product forms such as soft gels, tablets, and capsules is driving the growth of the market.
  4. Increasing Health Consciousness: Consumers are becoming more health-conscious and seeking healthier lifestyles. The growing awareness of the importance of omega-3 fatty acids in daily nutritional requirements is driving the growth of the Krill Oil Capsules market.
  5. Rise in Aging Population: As the aging population increases, the demand for health supplements such as Krill Oil Capsules, which promote healthy aging, is also increasing. The aging population is likely to drive the growth of the Krill Oil Capsules market in the future.

To know more about the report @ https://www.reportsanddata.com/report-detail/krill-oil-market

Get Explore Latest Research Report by Reports and Data:

https://salesevents.madison.com/go.php?article_id=108164&dealer_id=60&ga_id&promo_id=25&source=promotion&url=https://www.reportsanddata.com/report-detail/pharmacy-automation-market

https://maps.google.ki/url?q=https://www.reportsanddata.com/report-detail/pharmacy-automation-market

https://marketplace.salisburypost.com/AdHunter/salisburypost/Home/EmailFriend?url=https://www.reportsanddata.com/report-detail/pharmacy-automation-market

https://login.talend.com/logout.php?redirectUrl=https://www.reportsanddata.com/report-detail/pharmacy-automation-market

https://rs.rikkyo.ac.jp/rs/error/ApplicationError.aspx?TopURL=https://www.reportsanddata.com/report-detail/pharmacy-automation-market

 

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com

 

Rechercher
Catégories
Lire la suite
Food
" Low-Intensity Sweeteners for Identifying Market Opportunities" By Regional Analysis by Forecast 2022-2028.
Low-Intensity Sweeteners Market Outlook The global low intensity sweeteners market is projected...
Par Amit Jay 2023-02-27 10:45:37 0 29
Autre
Wood Vinegar Market Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2030
Overview: Wood vinegar is a type of organic pesticide, which is recently gaining ground from the...
Par Monkey Luffy 2023-04-04 12:45:23 0 36
Health
Medical Composites Market to Witness Huge Growth by 2028
Expanding its database, Exactitude Consultancy Insights has introduced the Medical Composites...
Par Snehal Matre 2023-07-17 07:02:04 0 167
Autre
Blow Molded Plastics Market To Surpass USD 113.0 Billion By 2032: Research Study by Reports and Data
The global blow molded plastics market size was USD 85.73 Billion in 2022 and is...
Par Anuj Kharde 2023-05-03 12:09:02 0 28
Food
Soy Derivatives Market Size, Share and Trends Analysis Report 2028
Soy Derivatives Market Overview: Soy derivatives are products sourced from raw soybeans. These...
Par Cassie Tyler 2023-07-24 07:05:50 0 121