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According to the current analysis of Reports and Data, the global Krill oil market was valued at USD 352.9 million in 2018 and is expected to reach USD 843.3 million by the year 2026, at a CAGR of 11.3%.
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Krill Oil Market To Reach USD 843.3 Million By 2026 www.reportsanddata.com
Market Summary According to the current analysis of Reports and Data, the global Krill oil market was valued at USD 352.9 million in 2018 and is expected to reach USD 843.3 million by the year 2026, at a CAGR of 11.3%. The increasing awareness among consumers of the health benefits of omega-3 fatty acids is a crucial factor for the growth of the krill oil market. Among the regions, China occupied around 1/3rd of the infant formula market in 2016-17, with imported infant formula valued at about USD 2.5 billion annually. The demand for infant milk formula is also expected to grow at a rate of 10%. There is a rising demand for special/premium infant formula products. EPA and DHA are essential for infant brain development and immunity strength. DHA has well-established legal strains for incorporation into infant formula products in different regulations and WHO recommendations. Thus, infant formula holds the major market share for omega-3 consumer products in China. Read More : https://www.reportsanddata.com/report-detail/krill-oil-market www.reportsanddata.com
Market Summary Key participants include Qingdao Kangjing Marine Technology, Enzymotec Ltd., RB LLC, NWC Naturals LLC, Neptune Technologies & Bioresources, Nutrigold Inc., Daeduck FRD Inc., Olympic Seafood AS, Azantis Inc., and Norweigan Fish Oil, among others. Product (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026) Liquids, Tablets Distribution Channel (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026) Supermarkets/Hypermarkets, Departmental Store, Pharmacy Store, Online Store, Others Application (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026) Dietary Supplements, Animal Food & Pet Food, Functional Food & Beverages, Pharmaceuticals, Others www.reportsanddata.com
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