According to a new report Global Krill Oil Market, published by KBV Research, The Global Krill Oil Market size is expected to reach $473.7 Million by 2025, rising at a market growth of 11% CAGR during the forecast period.
Liquid krill oil is a liposomal product and is suitable for infant feeding, which is expected to experience high demand over the predicted period. On the other hand, soft gel applications have become very common in the market and are expected to show significant growth during the forecast period. Due to their smooth texture and taste masking capabilities, Softgels are highly popular.
The Europe market dominated the Global Krill Oil Market by Region in 2018. Europe's krill oil market growth is fueled by the presence of countries like the UK, France, and Germany. Attention Deficit Disorder (ADD) is one of the most prevalent health concerns among Europeans. The North America market is experiencing a growth rate of 10% during (2019 - 2025). North America market is propelled by the size of Canada and the U.S. krill oil market, may see substantial growth as the pharmaceutical and personal care industries increase.
The Asia Pacific market is expected to witness a CAGR of 11.9% during (2019 - 2025). The Asia Pacific market covers growing economies like Japan, India, and China. These countries are expected to witness significant market growth due to changes in consumer lifestyle along with increased consumption of dietary supplements.
The Dietary Supplements market dominated the Global Krill Oil Market by Application in 2018, growing at a CAGR of 10.8 % during the forecast period. The Functional Food & Beverages market is anticipated to grow at a CAGR of 11.9% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/krill-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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