Global krill oil market has been witnessing significant growth in the recent years owing to increased health awareness among the consumers across the globe. Krill is a small crustacean which is found abundantly in Antarctic waters and is considered highly nutritious. Krill oil contains omega-3 fatty acids Environmental Protection Agency (EPA) and Docosahexaenoic acid (DHA) which offers various health benefits such as improving heart health, boosting brain function, reducing inflammation, and enhancing mood and joints health. Rising health consciousness, busy lifestyle, and growing geriatric population have been fueling the demand for various nutrient-rich supplements including krill oil globally. Krill oil is an important omega-3 fatty acid that is extracted from Antarctic krill, which contain fatty acids that are vital for human health and development. The major types of omega-3 fatty acids found in krill oil are EPA and DHA, similar to fish oil. However, krill oil is gaining more popularity as compared to fish oil due to its easier absorption in the human body and freedom from toxic impurities which may be present in some fish oils.
Market Dynamics:
Global krill oil market is primarily driven by rising consumer preference for nutritional supplements over pharmaceutical drugs. Growing awareness about various health advantages of krill oil as compared to fish oil is positively impacting the market growth. However, high cost of krill oil as compared to fish oil supplements can hamper the mass adoption of krill oil to some extent. Rise in vegan population worldwide has opened up opportunities for krill oil manufacturers to develop plant-based vegan krill oil supplements and capture new customer segments. Introduction of innovative packaging solutions, advanced extraction methods, and new flavors continue to create new avenues in the market.
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*Browse 24 market data tables and 28 figures on “Global Krill Oil Market” - Global forecast to 2031
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