Krill is a small crustacean which looks similar to shrimp that live in cold water of ocean. They are mostly found in Antarctica and near to U.S Vancouver, Russia, Ukraine and Japan. They are classified into two families Euphausiidae and Bentheuphausia ampblyops in which around 85 species exist. Krill is harvested as a source of food for both human and animals. Krill oil is considered as a healthy food since it consist of various essential nutrients includes carotenoid antioxidant that is called astaxanthin and phospholipid-derived fatty acids (PLFA). Astaxanthin is one of the few antioxidants that helps to cross the blood-brain barrier and able to shuttle essential nutrients throughout your body. Krill oils also used to treat high blood pressure, stroke, cancer, osteoarthritis, depression and premenstrual syndrome (PMS). However U.S.’s Food and Drug Administration (FDA) has not been made any recommendation on the krill oil safety since it consist of toxic chemicals but it is safe to consume after removing krill’s exoskeleton which contains toxic chemical that are poisonous to human. Krill oil is one of the best dietary nutrition among other fish oils since it has better omega-3s bonded to phospholipids instead of triglycerides.
On the basis of product type krill oil market is segmented into tablets and liquid. Krill oil in the form of table is widely available to the consumer, however krill oil in the form of liquid with added flavor is also available in the global market.
By application krill oil market is segment into food industry and pharmaceutical industry. In food industry nutritional supplement is widely used, moreover, pharmaceutical grade krill oil is also available to the consumers.
Geographically grape seed extracts market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
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Krill oil is one of the fastest growing omega-3 products in the world. Krill oil is mainly driven by health consciousness among consumers. Owing to have better nutritional value includes phospholipids which fish oil doesn’t consist makes krill oil more popular. However, toxic chemical of krill oil and not getting approvals from FDA are the restrains for the krill oil market. Latin America is the growing market and also holds good opportunity for the krill oil market. Some consumer prefer liquid instead of taking gel capsules, new product devilment by launching flavored liquid krill oil creates good opportunities to increase the market share.
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The Atlantic Coast region countries are more familiar with krill oil products. Some of the key players identified in this market are NutriGold Inc., DaVinci Laboratories of Vermont, RB LCC. and Azantis.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
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Key features of this report
- Drivers, restraints, and challenges shaping the Krill Oil market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Krill Oil market estimates and forecasts(2015 -2021)
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