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Krill oil is obtained from a tiny,transparent marine animal living at the bottom of the sea.Seafood is a rich source of nutrients,hence, krill oil is included in the dietary supplements .In addition to this,it exhibits high medicinal values and is used for the treatment of severe diseases. Moreover, its is a potential replacement of fish oil. It contains eicosapentaenoic acid (EHA) and docosahexaenoic acid (DHA),the two essential omega-3 fats required for proper functioning of the body.
It is available in the form of liquids and tablets(softgel and capsules).It is expected that the krill oil market will grow at a substantial rate during the forecast period.
Covid-19 scenario analysis
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The major factor propelling the growth of the krill oil market is its premium quality.Along with this, it is a potential substitute for fish oil, as it hascomparativelyless fat,more antioxidants, and is easily absorbed by the body.In addition to this,rise in the number of health-conscious consumers is supporting the market growth.Furthermore, krill oil exhibits various health benefits such as it is a rich source of healthy fats,used in the treatment of inflammation,reduces the chances of bone-related ailments such as arthritis and joint pain, and improves health. Moreover, it helps in reducing the period pain and used in the treatment of premenstrual syndrome,a commonly occurring syndrome during the menstrual cycle.
The major restraints ofthe global krill oil market are high costand side effects by its consumption, including indigestion,nausea,and heartburn,which may vary person-to-person.However,increase in disposable income,continuous research & development,investment in technology & innovation,product standardization,and product branding are strengtheningthe market growth.Using krill oil as a healthy option in food & beverages is creating a large customer base and increasing the revenue.The availability of krill oil in liquid and in the form of tablets is increasing its demand.Furthermore,it is recommended by medical specialists for the treatment of certain diseases.Manufacturers are opting for e-commerce sale in this volatile business environment,which is helping to create transparency about the product.Thus, all these factors are anticipated to significantly contribute toward the growth of the global krill oil market during the forecast period.
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Questions answered in the global krill oil market research report:
Krill Oil Market Report Highlights
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Key Market Players | Neptune Biotech Pvt. Ltd., Aker BioMarine AS, Enzymotec Ltd, DarduckFrd, Krill Canada, Norwegian Fish Oil, QuingdaoKangjing Marine Biotechnology Co. Ltd., Olympic Seafood AS (RIMFROST AS)., Fuji Chemicals, Rimfrost |
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