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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Krill Oil Market Analysis
The krill oil market dynamics and trends are driven by the rising consumption of fatty foods and the adoption of an inactive lifestyle that have increased the prevalence of obesity and various chronic diseases, such as diabetes, cancer, coronary heart disease, and arthritis. With this scenario, the demand for health supplements is expected to surge as people become increasingly health-conscious due to the multiple benefits they provide and their antioxidant properties. It also can improve bone, skin, and heart health.
The growing senior population is a major factor in the growth of the krill oil market due to the rising prevalence of chronic diseases as older people are more vulnerable towards chronic diseases, such as cardiovascular diseases, arthritis, and cancer, among others. Krill oil supplements are very beneficial for the heart and provide significant help in maintaining cholesterol boosting the growth of the krill oil market.
Krill Oil Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for krill oil reached a size of USD 705.13 million in 2023.
The market is estimated to grow at a CAGR of 11.40% between 2024 and 2032.
The market is expected to reach a value of USD 1,863.12 million by 2032.
The market is driven by the growing demand for krill oil, which is supported by the rising health awareness about the benefits of Omega-3 among people around the world.
The rising demand for healthcare products due to the rising prevalence of health disorders and the growing geriatric population who are more susceptible to health disorders can deliver new growth opportunities to the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the product type, which includes liquid, soft gels, and capsules.
Based on the application, the market is divided into dietary supplements, animal feed, functional foods and beverages, and pharmaceuticals, among others.
The market key players are NWC Naturals LLC, Rimfrost AS, Norwegian Fish Oil AS, Daeduck FRD, AdvaCare Pharma, and Biocorp Co., Ltd., among others.
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