European Krill Oil Market to Signify Strong Growth by 2024-2031

European krill oil market is estimated to grow at a CAGR of 8.9% during the forecast period. The market is mainly driven due to rising demand of krill oil-based food supplements in the region, significant number of lifestyle related diseases in UK, Germany, France and other countries. High per capita income, high awareness related to health and nutraceuticals, easy availability of products, presence of major market players, and cohesive government regulations are some of the other factors for the significant market in the region. Furthermore, the European krill oil market is further classified into product type and application. 

Based on the product type, the market is further classified into hardware and capsules, softgels, and liquids. The capsules segment is projected to have a considerable share in the European market owing to the high application in dietary supplements. Based on the application, the European krill oil market is further segmented into functional food and beverages, dietary supplements, pharmaceuticals, and others. The pharmaceuticals segment estimated to grow at a considerable CAGR during the forecast. Based on geography, the European krill oil market is further segregated into the UK, Germany, France, Italy, Spain, and Rest of Europe. Among, geography, UK projected to have a considerable share in the European krill oil market.  

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• Market Coverage
• Market number available for – 2023-2031
• Base year- 2021
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation

European Krill Oil Market by Product Type

• Capsules  
• Softgels
• Liquids

European Krill Oil Market by Application 

• Functional food and beverages
• Dietary supplements
• Pharmaceuticals
• Others (Animal feed)

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Regional Analysis

• UK
• Germany 
• France 
• Italy 
• Spain
• Rest of Europe

Company Profiles

• Aker Biomarine Antarctic AS
• BASF SE
• ConnOils LLC
• Douglas Laboratories
• Ergomax BV
• Norwegian Fish Oil AS
• Nutrigold
• Rimfrost AS
• Reckitt Benckiser Group plc

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Article source: https://article-realm.com/article/Food-Beverage/60794-European-Krill-Oil-Market-to-Signify-Strong-Growth-by-2024-2031.html