Krill Oil Market - Forecast(2021 - 2026)
Krill Oil Market Overview: According to the results generated in the most recent survey conducted by the World Health Organization (WHO) that were released in 2018, 1.9 billion adults were overweight from which 650 million were obese in 2016. The global obese population has tripled since 1975,[1] and the contemporary lifestyle and the consumption of fatty foods are collectively escalating the figure and making people more susceptible to diseases that are caused by obesity. Krill oil can significantly reduce fat deposits in the body. It also improves metabolic activities and prevents omega 3 deficiency. This happens to be the main reason responsible for the booming krill oil market which had a market size of $430 million as of 2018. Furthermore, the awareness about the health benefits of krill oil is expected to bolster the demand for the same which is estimated to increase with a staggering compound annual growth rate (CAGR) of 13.4% during the forecast period of 2019 to 2025. There ...