Market Size of Krill Oil Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.71 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Krill Oil Market Analysis
The global krill oil market is projected to grow at a CAGR of 11.71% during the forecast period (2020 - 2025).
- Rising adoption of fish oil alternative is driving the krill oil market growth. Earlier, fish oil was only consumed on doctor recommendation but it has been increasing in the last few years, owing to the growing awareness regarding the health benefits of krill oil, which in turn boosting the market studied.
- There is a growing demand for special/premium infant formula products. DHA and EPA are essential for infant brain development and immunity strength.
- The rising demand for supplements containing ingredients such as eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and omega-3 fatty acids is expected to augment the utilization of these products.
