Global Krill Oil Market, By Product Type (Liquid, Tablets), Ingredient (EPA, DHA), Application (Infant Formula, Supplements & Functional Foods, Animal Feed, Pharmaceuticals), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Krill Oil – Insights

Krill is a shrimp-like crustacean. It is a food source for whales, penguins, squids, fish, seals, and other aquatic animals. Krill inhabits the cold waters of Canada, Japan, and Antarctic and is a rich source of omega-3 fatty acids (EPA and DHA). They are fished and harvested for the production of krill oil, which offers numerous health benefits upon consumption. Krill oil is a superior source of EPA and DHA compared to fish oil, as it contains polyunsaturated fats, which are packaged as phospholipids and can be utilized immediately by the body. On the other hand, EPA and DHA in fish oil are typically packaged as triglycerides and have to undergo additional processing in order to make them bioavailable. Also, krill oil is stable due to the presence of astaxanthin, a powerful antioxidant that protects the fragile fats from oxidizing and prevents cell damage.

Significant health benefits obtained from EPA and DHA consumption is expected to augment the demand for krill oil, which, in turn, drives the market growth.  Furthermore, economically-efficient production of krill oil has led to its widespread application in supplements, food, and pharmaceutical sectors.

Intake of an adequate amount of EPA helps in preventing the onset of various mental health issues such as depression, dyslexia, and dyspraxia, heart problems, and joint and bone conditions. Moreover, intake of EPA at a young age improves child behavior and academic performance as well as helps boost focus and reduce aggression. Also, EPA helps in curing the common childhood health problems such as dry skin, asthma, and allergies. Lack of DHA in the human body can lead to learning disabilities, ADHD, aggressive hostility, and several other disorders. In elders, the DHA deficiency is also associated with impaired brain function and the onset of Alzheimer’s disease.

Aging significantly reduces the body’s resistance to diseases. Krill oil is prescribed in the treatment of rheumatoid arthritis, higher triglycerides level, asthma, and Alzheimer’s disease, among others. The high occurrence of these diseases is boosting the market for krill oil. Also, large geriatric population in North America and Europe accounted for a rise in use of krill oil. According to Population Reference Bureau, Statistics Canada and EU, in 2016, the geriatric population reported in North America was 51 million and 94 million in Europe. The aforementioned factor is expected to propel the market growth in North America over the forecast period. Also, omega-3 rich foods are a prescribed medicine for depression. According to WHO, in 2012, around 804,000 suicide cases were reported around the world. One of the main factors that trigger suicide is depression.

Asia Pacific is exhibiting significant growth in the global krill oil market. The region accounted for 27.64% of the total market share in 2016, in terms of revenue. The dominance is on account of the growing economies of Asia Pacific. China and India are expected to be the most favorable countries for market growth due to rise in awareness among consumers coupled with various health benefits associated with the use of omega-3 rich foods. North America is the largest region, in terms of value, in the global krill oil market, closely followed by Europe. North America was valued at US$ 76.1 Mn in 2016.

The global krill oil market was valued at US$ 229.8 Mn in 2016 and is forecasted to expand at a CAGR of 13.5%, in terms of revenue, during 2017 – 2025.

Figure 1. Global Krill Oil Market Share, By Region

krill oil market

Source: Coherent Market Insights (2017)

North America and Europe accounted for major shares in the global krill oil market, both in terms of revenue, in 2016 and are expected to retain their dominance over the forecast period. However, lack of awareness among people in rural areas of emerging economies and premium pricing are major restraints for market growth, especially in Asia Pacific.

Major Players in the Global Krill Oil Market

Some of the major players in the global krill oil market are Aker BioMarine SA, Azantis Inc., Neptune Technologies & Bioressources Inc., Enzymotec Ltd, RB LLC., Qingdao Kangjing Marine Biotechnology Co., Ltd., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., and Olympic Seafood AS.

Krill oil is a marine source omega-3 fatty acids and is a popular choice as a health supplement due to its numerous health benefits. It is harvested from krill which resides in the cold water environments. The omega-3 fatty acids present in krill oil are DHA and EPA. Krill oil also contains astaxanthin, a powerful antioxidant that protects the fragile fats from oxidizing and prevents cell damage. The consumption of krill oil has risen as awareness regarding its benefits grows. Hence, the market has experienced a high CAGR growth of 13.48%. Krill oil is used in various applications such as supplements, medicines, animal feed component and infant formula. Despite its health benefits, concerns regarding overfishing may lead to stricter strict government regulations which may hinder market growth during the forecast period.

Market Dynamics

North America was the largest market for krill oil in 2016 and is expected to retain its dominance during the forecast period, expanding at a CAGR of 13.46%. The large geriatric population in the U.S. and Canada is expected to result in an increase in demand for krill oil, thus leading to the growth of global krill oil market. The large population coupled with increasing urbanization in India and China is a major driving factor for the market growth in Asia Pacific. Asia Pacific krill oil market is expected to exhibit a CAGR of 13.45% during the forecast period.

Market Taxonomy

The report segments the global krill oil market on the basis of product type, ingredient, application, and geography. On the basis of product type, the market is segmented as liquids and tablets. On the basis of ingredient, the market is segmented as EPA and DHA. On the basis of application, the market is segmented as infant formula, supplements & functional foods, animal feed, pharmaceuticals, and others. Supplements & functional foods is the largest application segment of krill oil market. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, Asia Pacific accounts for a major market share.

Key Features of the Study:

  • This report provides an in-depth analysis of the krill oil market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global krill oil market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global krill oil market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the krill oil market

Detailed Segmentation:

  • Global Krill Oil Market, By Product Type:
    • Liquid
    • Tablets
      • Capsules
      • Soft Gels
  • Global Krill Oil Market, By Ingredient:EPA
    • EPA
    • DHA
  • Global Krill Oil Market, By Application:
    • Infant Formula
    • Supplements & Functional Foods
    • Animal Feed
    • Pharmaceuticals
    • Others
  • Global Krill oil Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Canada
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Germany
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Italy
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • France
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Russia
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Rest of Europe
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • India
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Japan
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • ASEAN
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Australia
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • South Korea
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Argentina
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Rest of Latin America
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Israel
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Rest of Middle East
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
    • Africa
      • North Africa
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • Central Africa
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
      • South Africa
        • By Product Type:
          • Liquid
          • Tablets
            • Capsules
            • Soft Gels
        • By Ingredient:
          • EPA
          • DHA
        • By Application:
          • Infant Formula
          • Supplements & Functional Foods
          • Animal Feed
          • Pharmaceuticals
          • Others
  • Company Profiles
    • Aker BioMarine SA *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Azantis Inc.
    • Qingdao Kangjing Marine Biotechnology Co., Ltd.
    • Enzymotec Ltd.
    • RD Llc
    • NWC Naturals Inc.
    • NutriGold Inc.
    • Daeduck FRD Inc.
    • Olympic Seafood AS

*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product Type
      • Market Snippet By Ingredient
      • Market Snippet By Application
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Krill Oil Market, By Product Type, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • Tablets
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
        • Capsules
        • Soft Gels
  5. Global Krill Oil Market, By Ingredient, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • DHA
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • EPA
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
  6. Global Krill Oil Market, By Application, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Infant Formula
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • Supplements and Functional Foods
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • Animal Feed
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
  7. Global Krill Oil Market, By Regions, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2025 (%)
      • Y-O-Y Growth Analysis, For Regions, 2015 - 2025
    • North America
      • Market Share Analysis, By Country, 2015 and 2025 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          •  
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2025(%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Ingredient, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Aker BioMarine
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Azantis Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Qingdao Kangjing Marine Biotechnology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Enzymotec Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • RB Llc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NWC Naturals Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NutriGold Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Daeduck FRD Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

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  • Quick Turnaround Time Reports

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  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.