Krill Meal Market Trends and Segments 2017-2027

Krill Meal Market
May 2017
Report Id : REP-GB-3093
Status : Ongoing
Category : Food and Beverages
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Krill Meal Market
 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
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Krill Meal Market
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.
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Market Drivers:
The market of Krill Meal is driven by the increasing awareness among the consumers about the health
benefits associated with it.
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Krill Meal Market
Krill Meal is not only a rich source of protein but it also exhibits some special properties such as antiinflammatory property, anti-cancerproperty and anti-oxidant property. Companies are producing
Krillproducts for human
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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.
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