The US krill oil market is projected to grow at a significant CAGR during the forecast period (2020-2026). The market is mainly driven due to growing demand of nutritional supplements in the country. Rising demand for nutrition has been witnessed owing to the rising awareness regarding health and the increasing number of sports participants. As per the figures from the 51 National Federation of State High School Associations (NFHS), the number of participants in high school sports in 2017-18 reached a record high of 7,980,886, which includes the District of Columbia. This results in an increasing demand for functional beverages that have an added ingredient targeted to achieve a particular function which is essential for health.
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Additionally, increasing demand for functional foods and beverages is also a major factor in accelerating market growth. Therefore, the demand for functional foods has been reported that contains bioactive components such as omega-3 fatty acids (in wild fish), fiber (in whole grains), carotenoids (in green vegetables, carrots, and tomatoes), allicin (in garlic), sulforaphane (in broccoli sprouts), and flavonoids (in green tea and fruits) have been reported in the country. The launch of new online platforms allows supplement providers to enhance the accessibility of their products. This, in turn, is expected to widen the opportunity for selling krill oil based nutritional supplements through online platforms.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Product Type and by Application
- Key Companies Profiled- Arista Industries Inc, Coastside Bio Resources, NutriGold Inc., BASF SE, DailyNutra LLC, Schiff Nutrition International, Inc, and others
Key Questions Addressed by the Report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
- Recovery Timeline
- Deviation from pre-COVID-19 forecast
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Krill Oil Market – Segmentation
By Product Type
- Capsules
- Softgels
- Liquids
By Application
- Functional food and beverages
- Dietary supplements
- Pharmaceuticals
- Others (Animal feed)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
