Europe Krill Oil Market By Application (Dietary Supplements, Functional Food & Beverages, Animal Food & Pet Food, Pharmaceuticals, and Other Krill Oil Application) By Form (Soft gels, Capsules and Liquids) By Country, Industry Analysis and Forecast, 2019 - 2025
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The Europe Krill Oil Market would witness market growth of 10.7% CAGR during the forecast period (2019-2025). Krill-rich regions, including South Georgia, usually face a major challenge as a potential krill habitat due to the recent southern change in zooplankton distribution boundaries coupled, which is coupled with rising water temperatures. Therefore, climate changes, such as alteration in mixed layer depth, are likely to influence the spatial distribution of development and the community structure of the phytoplankton. Subsequently, these climate changes adversely affect the krill population which will further impede the market growth for krill oil.
The market is likely to be driven by increased use of krill oil in the pharmaceutical industry along with extensive research and development activities. In addition, the increasing consumption of improved medication together and the need to increase the aging population's life expectancy is expected to accelerate the region's demand for pharmaceutical products based on krill oil.
Focus on maintaining health has never been more important than it is now. With the prevalence of chronic illnesses uncontrollably growing, the poor lifestyle choices have come under the scanner. Therefore, consumers are more likely than ever to spend on food which offers higher nutritional value. Their preferences are driven by the growing income, especially for the urban population. The krill oil market, fueled by ongoing developments, is anticipated to record significant growth over the forecast period.
Based on Application, the market is segmented into Dietary Supplements, Functional Food & Beverages, Animal Food & Pet Food, Pharmaceuticals, and Other Krill Oil Application. Based on Form, the market is segmented into Soft gels, Capsules and Liquids. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reckitt Benckiser Group PLC (Schiff Nutrition International, Inc.), Aker ASA (Aker BioMarine), Norwegian Fish Oil AS, NutriGold Inc., Rimfrost AS, Qingdao Kangjing Marine Biotechnology Co., Ltd., NWC Naturals, Inc., Nutracode LLC, Ergomax, and Coastside Bio Resources.
Scope of the Krill Oil Market Analysis
- Dietary Supplements
- Functional Food & Beverages
- Animal Food & Pet Food
- Pharmaceuticals and
- Other Krill Oil Application
- Soft gels
- Capsules and
- Rest of Europe
- Reckitt Benckiser Group PLC (Schiff Nutrition International, Inc.)
- Aker ASA (Aker BioMarine)
- Norwegian Fish Oil AS
- NutriGold Inc.
- Rimfrost AS
- Qingdao Kangjing Marine Biotechnology Co., Ltd.
- NWC Naturals, Inc.
- Nutracode LLC
- Coastside Bio Resources
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