Market Overview:
The global Antarctic Krill Feed market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for krill oil and its supplements, owing to their various health benefits. Moreover, rising awareness about the health benefits of consuming seafood is also propelling the growth of this market. Additionally, growing aquaculture industry is also contributing significantly towards the growth of this market. However, stringent regulations regarding fishing and harvesting practices may hamper the growth of this market in some regions during the forecast period. On basis on type, pet feed segment accounted for majority share in global Antarctic Krill Feed Market in 2017 and it projected to maintain its dominance over next 10 years as well with highest CAGR due high adoption rate by pet owners across globe .Whereas Aquaculture feed segment anticipated grow with highest CAGR over next 10 years due increase demand from aquaculture industry across globe . On basis on application , home use segment accounted for largest share followed by commercial use segments respectively in 2017 .
Product Definition:
Krill feed on phytoplankton and zooplankton. They are an important food source for many marine animals, including whales, seals, penguins, and fish.
Pet Feed:
Pet feed is the edible substance given to pets, which helps them to grow and develop. Pet food can be categorized into two types: dry and wet. Dry pet food contains cereals, seeds, grains; whereas wet pet food contains meat & meat by-products such as liver oil or kidney beans. The market for pet feed is expected to witness significant growth over the forecast period owing to increasing expenditure on pets in developed countries like U.S., Germany, France etc.
Aquaculture Feed:
Aquaculture feed is the food that is provided to freshwater and marine aquatic animals such as fish, crustaceans, mollusks, and other aquatic organisms. The product is used in various applications such as human food (fish), animal feed (zooplastic & aquafeed), environmental management (recycled seafood waste) and medical nutrition therapy.
Application Insights:
The other application segment accounted for the largest share of more than 50.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing importance of Antarctic krill as a source of nutrition for aquaculture is expected to drive demand over the coming years. Krill oil contains around 60% EPA/DHA which has high nutritional value and makes it an ideal ingredient in fish oils supplements used by humans or animals.
Growing awareness regarding health benefits associated with krill oil coupled with rising demand from countries, such as China, Japan, South Korea, Australia and New Zealand for human consumption are some of the key factors propelling market growth during this period. Moreover, increasing use of Antarctic krill oil in manufacturing pet food products on account of its superior properties including sustainability and low environmental impact is likely to fuel product demand further during this period.
Regional Analysis:
The market in the Asia Pacific and Middle East & Africa is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing aquaculture production in these regions. Krill farming has been observed to be more profitable than salmon farming, which is one of the key factors driving this industry in these regions. Moreover, rising demand for omega 3 fatty acids from countries such as Japan and China are anticipated to drive krill fishing activities across the globe thus fueling product demand over the forecast period.
In terms of revenue, Europe accounted for approximately 23% share of global market volume in 2017 owing to high fish consumption coupled with growing krill fishing activities along with other factors such as changing consumer preferences towards seafood products due to increasing awareness regarding health benefits associated with marine foods have contributed significantly toward regional growth.
Growth Factors:
- Increasing demand for seafood products due to changing dietary preferences of consumers towards healthy and nutritious food items.
- Krill feed is rich in omega-3 fatty acids, proteins, vitamins, and minerals that promote the growth of aquatic organisms.
- The increasing popularity of krill oil supplements as a source of omega-3 fatty acids is anticipated to boost the demand for krill feed in the near future.
- Krill feed manufacturers are focusing on developing innovative products that can meet the specific requirements of different aquaculture species.
Scope Of The Report
Report Attributes
Report Details
Report Title
Antarctic Krill Feed Market Research Report
By Type
Pet Feed, Aquaculture Feed
By Application
Home Use, Commercial Use, Industrial Use, Other
By Companies
Aker BioMarine, BioMar, China National Fisheries Corporation, Dongwon Industries, Northfin Fish Food, Qingdao Kangjing Marine Biotechnology, Sunline Fishery, Neptune Wellness Solutions, Aker BioMarine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Antarctic Krill Feed Market Report Segments:
The global Antarctic Krill Feed market is segmented on the basis of:
Types
Pet Feed, Aquaculture Feed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use, Industrial Use, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aker BioMarine
- BioMar
- China National Fisheries Corporation
- Dongwon Industries
- Northfin Fish Food
- Qingdao Kangjing Marine Biotechnology
- Sunline Fishery
- Neptune Wellness Solutions
- Aker BioMarine
Highlights of The Antarctic Krill Feed Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pet Feed
- Aquaculture Feed
- By Application:
- Home Use
- Commercial Use
- Industrial Use
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Antarctic Krill Feed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Antarctic Krill Feed is a high-quality krill feed that helps support the growth of Antarctic marine life.
Some of the major players in the antarctic krill feed market are Aker BioMarine, BioMar, China National Fisheries Corporation, Dongwon Industries, Northfin Fish Food, Qingdao Kangjing Marine Biotechnology, Sunline Fishery, Neptune Wellness Solutions, Aker BioMarine.
The antarctic krill feed market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Antarctic Krill Feed Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Antarctic Krill Feed Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Antarctic Krill Feed Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Antarctic Krill Feed Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Antarctic Krill Feed Market Size & Forecast, 2018-2028
4.5.1 Antarctic Krill Feed Market Size and Y-o-Y Growth
4.5.2 Antarctic Krill Feed Market Absolute $ Opportunity
Chapter 5 Global Antarctic Krill Feed Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Antarctic Krill Feed Market Size Forecast by Type
5.2.1 Pet Feed
5.2.2 Aquaculture Feed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Antarctic Krill Feed Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Antarctic Krill Feed Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Antarctic Krill Feed Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Antarctic Krill Feed Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Antarctic Krill Feed Analysis and Forecast
9.1 Introduction
9.2 North America Antarctic Krill Feed Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Antarctic Krill Feed Market Size Forecast by Type
9.6.1 Pet Feed
9.6.2 Aquaculture Feed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Antarctic Krill Feed Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Antarctic Krill Feed Analysis and Forecast
10.1 Introduction
10.2 Europe Antarctic Krill Feed Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Antarctic Krill Feed Market Size Forecast by Type
10.6.1 Pet Feed
10.6.2 Aquaculture Feed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Antarctic Krill Feed Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Antarctic Krill Feed Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Antarctic Krill Feed Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Antarctic Krill Feed Market Size Forecast by Type
11.6.1 Pet Feed
11.6.2 Aquaculture Feed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Antarctic Krill Feed Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Antarctic Krill Feed Analysis and Forecast
12.1 Introduction
12.2 Latin America Antarctic Krill Feed Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Antarctic Krill Feed Market Size Forecast by Type
12.6.1 Pet Feed
12.6.2 Aquaculture Feed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Antarctic Krill Feed Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Antarctic Krill Feed Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Antarctic Krill Feed Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Antarctic Krill Feed Market Size Forecast by Type
13.6.1 Pet Feed
13.6.2 Aquaculture Feed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Antarctic Krill Feed Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Antarctic Krill Feed Market: Competitive Dashboard
14.2 Global Antarctic Krill Feed Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aker BioMarine
14.3.2 BioMar
14.3.3 China National Fisheries Corporation
14.3.4 Dongwon Industries
14.3.5 Northfin Fish Food
14.3.6 Qingdao Kangjing Marine Biotechnology
14.3.7 Sunline Fishery
14.3.8 Neptune Wellness Solutions
14.3.9 Aker BioMarine
