UK krill oil market is projected to grow at a significant CAGR during the forecast period. The one of the major factors that propels the krill oil market in the country include the rising demand of food supplements among peoples in the country. In September 2018, a survey was conducted by the Food Standard Agency on more than 2,000 UK consumers (16+ years). Out of this, 59% of the consumers were taking some kind of vitamin, mineral, or other supplement product at some point during 2018. Moreover, 34% of people were taking a supplement daily (38% of women and 29% of men).
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The Department of Health and Social Care also recommends certain supplements. For instance, during autumn and winter, it is recommended that adults and children aged 5 years and over, take a supplement containing 10 micrograms of vitamin D as there is a lack of sunlight in these seasons. The department also recommends to daily providing vitamins A, C, and D to all children aged 6 months to 5 years. Besides, a daily supplement containing 400 micrograms of folic acid from pre-conception until 12 weeks of pregnancy to women is recommended. Therefore, the significant demand of supplements further provides ample opportunity for the krill oil industry in the country.
Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Product Type and by Application
- Key Companies Profiled- Aker Biomarine Antarctic AS, BASF SE, Ergomax BV, Norwegian Fish Oil AS, Rimfrost AS, Reckitt Benckiser Group plc 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 forecast
- Most affected segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Krill Oil Market – Segmentation
By Product Type
- Capsules
- Softgels
- Liquids
By Application
- Functional food and beverages
- Dietary supplements
- Pharmaceuticals
- Others (Animal feed)
A full report of UK Krill Oil Market is available at: https://www.omrglobal.com/industry-reports/uk-krill-oil-market
