Title: Krill Oil Market- Analysis, Share & Trends from 2017 – 2024
1Krill Oil Market Growth Statistics, Trends,
Forecast Report, 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Regional Analysis of Krill Oil Market
- North America, driven by Canada and the U.S krill
oil market size may witness strong growth due to
increase in pharmaceutical and personal care
industries. Government regulations along with
stiff competition may boost product innovation,
thereby driving regional growth. - Europe krill oil market size, driven by UK,
France and Germany, may show significant gains
over the forecast timeframe. Attention Deficit
Disorder (ADD) is the most common health concern
among European children. German population
consumes less of fish product leading to DHA/ EPA
deficiency which may have a positive influence in
the industry growth. - Asia Pacific led by Japan, India, and China krill
oil market size may witness significant gains
owing to change in consumer lifestyle along with
increase in dietary supplement consumption.
Increase in aquaculture activities in India and
China due to availability of farming land and
favourable climatic conditions should fuel
product demand.
3Application Analysis of Krill Oil Market
- Krill Oil contains docosahexaenoic acid (DHA) and
choline which is a major building block for brain
development. DHA is a form that sharpens
thinking, enhances memory and improves
concentration. It has significant application in
medical preparation to enhance mental ability and
gain mental stability of children. - Krill oil is widely used in skin care products as
it exerts anti- inflammatory and anti- oxidant
action causing reduction in acne, scare marks and
facial eruptions. It contributes better wound
healing and improve skin glow. Additionally,
increasing organic and natural cosmetic products
will create potential opportunities for
manufactures to develop new products according to
consumer preferences which may drive the industry
growth.
4Competitive Market Share of Krill Oil Market
- Global krill oil market share is highly
consolidated owing to presence of large companies
including Norweigan Fish Oil, Aker Bio Marine,
Rimfrost,NutriGold, Daeduck FRD and Neptune
Technologies Bioresources.
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