LONDON, Nov. 24, 2016 /PRNewswire/ -- Krill is a tiny shrimp-like crustacean that lives in oceans across the world. Krillis harvested as a food source for both human beings and animals. Krill oil is extracted using both solvent and solvent-free extraction techniques. Krill oil offers several health benefits and consists of various essential nutrients including antioxidants
The report starts with an overview of the global krill oil market and usage of these products in specific markets across the globe. Persistence Market Research (PMR) covers the global krill oil market performance in terms of revenue and consumption. It includes PMR's analysis of key trends, drivers, and restraints, from the supply-side and demand-side perspective. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included to better equip clients with crystal clear decision-making insights.
The report further analyzes the global market on the basis of application and presents market size in terms of value during the forecast period (2016–2022).
The krill oil market is segmented as follows: By Form By Application By Region The next section of the report analyzes the market on the basis of form, and presents the market size in terms of value during the forecast period.
On the basis of form, the market is segmented into: Liquid Tablets
Tablet form segment is further sub-segmented into: Capsules Softgel
The tablets segment has been estimated to account for 61.8% share of the overall krill oil market in 2015, followed by the liquid segment. Growth of the global krill oil market is mainly driven by factors such as increasing health concerns and consumption of omega-3 products globally. The softgel sub-segment of the tablet form segment is expected to be a major contributor in term of revenue over the forecast period.
The following section analyzes the market on the basis of application and presents market size in terms of value during the forecast period.
On the basis of applications, the market is segmented as follows:
Dietary Supplements Functional Food & Beverages Pharmaceuticals Pet Food and Animal Feed Others (Infant Formula)
Of the aforementioned segments, the dietary supplements segment is expected to expand at the highest CAGR of 13.7% in terms of revenue during the forecast period. However, the functional food & beverages segment is expected to be second-highest contributor in terms of revenue to the global krill oil market, accounting for 12.2% share by 2022. Owing to increasing consumer preference for fortified food and beverages, and confectionery products such as gummies, application of krill oil as an ingredient is increasing substantially.
The section that follows analyzes the market on the basis of region and presents market size in terms of value during the forecast period.
Regions covered in the report include:
North America Latin America Western Europe Eastern Europe Asia Pacific The Middle East & Africa
Key players in the global krill oil market include Qingdao Kangjing Marine Biotechnology Co., Ltd., Enzymotec Ltd., RB LLC., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., Aker BioMarine SA, Neptune Technologies & Bioressources Inc., and Olympic Seafood AS (RIMFROST AS) Download the full report: https://www.reportbuyer.com/product/4040000/
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-market-study-on-krill-oil-effective-than-other-marine-oils-since-safer-healthier-more-potent-and-more-absorbable-persistence-market-research-300368426.html
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