UK krill oil market is projected to grow at a significant CAGR during the forecast period (2020-2026). 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.
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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- 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
