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. 

Furthermore, the US krill oil market is characterized by the presence of several market players that are catering to a wide range of customers in the region. Some of the key players in the market include Arista Industries Inc, Coastside Bio Resources, NutriGold Inc., BASF SE, DailyNutra LLC, Schiff Nutrition International, Inc, and others. These players adopt various strategies to remain competitive in the market and gain a competitive advantage over other players operating in the market. Mergers and acquisitions, product launch, and partnerships and collaborations, and geographical expansion are some of the major activities adopted by the market players.

Research Methodology

The market study of the US krill oil market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for krill oil market players, food & beverages industry, contract manufacturers, suppliers, distributors & traders, industry associates & experts, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions..

Market Segmentation

1. US krill Oil Market Research and Analysis by Product Type
2. US krill Oil Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US krill oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US krill oil market.
• Insights about market determinants which are stimulating the US krill oil market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.