Krill Meal Market to Witness Growth Acceleration During 2017-2027

Press Release

Krill meal is a specialty feed ingredient, which is made up of small shrimp-like crustacean, Krill. Ithas been manufactured by the companies for more than 10 years. Krill meal is a rich source of protein and more than 200,000 tons of krill meal is transported worldwide. Although there are more than 80 species of krill and currently only 6 species of krill are fished,but the two major species of krill meal is Euphausia superba and Euphausia Pacifica. Species that is used to make high valued krill meal is the South Antarctic krill belongs to Euphausia superba species. Although krill is one of the most abundant creatures in the world, its industrial usage is still on the growth phase. Unlike fish meal, krill meal has more fat content, ethoxyquin and a natural stabilizing substance. Krill meal has negligible amount heavy metals and PCB’s. Krill meal is also a rich source of essential polyunsaturated fatty acids and amino acids. It krill meal helps in the promotion of growth, helps in increasing weight gain and feed conversion rates.

Market Segmentation:

Krill Meal market is segmented on the basis of use, distribution channel and region. On the basis of use market is segmented into human consumption, aquarium and aquaculture feed. Among all these segment application in aquaculture feed is expected to grow enormously in the coming future, ongoing research in krill meal will also boost the growth of pharmaceutical segment. The demand for Krill Meal is more due to the value it offers as well as ease of availability of its product in the market. On the basis of distribution channel the market is segmented into supermarkets/hypermarkets, convenience stores, medical stores and online stores. Convenience stores is expected to hold a relatively high share in the krill meal market.On the basis of region Krill Meal market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan.

Market Regional Outlook:

Regional segment for the market of Chromium polynicotinateisdivided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan. Among these segment North America is expected to have the major market share globally, as it is the largest producer and consumer of Chromium polynicotinate. In Asia Pacific region the countries like China and India are generating the major revenue. In terms of revenue Asia Pacific is the second prominent contributor in theChromium polynicotinatemarket.

Market Drivers:

The market of Krill Meal is driven by the increasing awareness among the consumers about the health benefits associated with it. Krill Meal is not only a rich source of protein but it also exhibits some special properties such as anti-inflammatory property, anti-cancerproperty and anti-oxidant property. Companies are producing Krillproducts for human consumption and will continue to do so because of the properties it exhibits.  These versatile properties of Krill Meal is attracting the pharmaceutical segment a lot and will defiantly drive the krill meal market in the forecast period. Factors that hamper the growth of krill meal market are availability of various alternate protein feeds which includes fish meal and soybean meal.

Market Key Players:

Some of the key players in Krill mealmarket are SipCarp, Qrill, Shandong Keruier Biological Company, La Merced, CYT INTERNATIONAL PTE LTD, Sunflower Enterprise, NUTRAFEED, SEAPRO, Qingdao Kangjing Marine Biotechnology Co, Beijing Jin-Ye Bioengineering Co., Ltd., A-Bank Co.,Ltdand INTERRYBFLOT among others.

The report covers exhaustive analysis on:

Krill Meal Market Segments

Krill Meal Extract Market Dynamics

Historical Actual Market Size, 2015 – 2016

Krill Meal Market Size & Forecast 2017 to 2027

Krill Meal Market Supply & Demand Value Chain

Krill Meal Market Current Trends/Issues/Challenges

Gin Krill Meal Market Players Competition & Companies involved

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Krill Meal Market Technology

Krill Meal Market Value Chain

Krill Meal Market Drivers and Restraints

Regional analysis for Ginkgo Biloba Extract Market includes:

North America

US & Canada

Latin America

Brazil, Argentina & Others

Western Europe

EU5

Nordics

Benelux

Eastern Europe

Asia Pacific

Australia and New Zealand (ANZ)

Greater China

India

ASEAN

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Rest of Asia Pacific

Japan

Middle East and Africa

GCC Countries

Other Middle East

North Africa

South Africa

Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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