The US krill oil market is estimated to grow at a CAGR of 10.8% during the forecast period. The major factors that propel the market growth in the country include rising demand of krill in dietary supplements and food & beverages sector due to various health benefits, significant growth in the lifestyle related diseases and others. Growing demand for nutrition in the aging population and rising demand for sports nutrition are some crucial factors leveraging market growth. Moreover, the rising number of aged populations in the country coupled with growing health awareness among peoples in the country further provide significant opportunity to the market.
Furthermore, the US 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 US market owing to the high application in dietary supplements. Based on the application, the US 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.
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US Krill Oil Market Segmentation
By Product Type
- Capsules
- Softgels
- Liquids
By Application
- Functional food and beverages
- Dietary supplements
- Pharmaceuticals
- Others (Animal feed)
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Company Profiles
- Arista Industries Inc.
- BASF SE
- ConnOils LLC
- Coastside Bio Resources
- DailyNutra LLC
- Douglas Laboratories
- Neptune Wellness Solutions Inc.
- NutriGold Inc.
- NWC Naturals Inc.
- Nutracode LLC
- Schiff Nutrition International, Inc.
- Viva Naturals Inc.
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