About Krill Meal
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SipCarp (Romania), Qrill (Norway), Shandong Keruier Biological Company (China), La Merced (United States), Qingdao Kangjing (China), Beijing Jin-Ye (China), Interrybflot (Ukraine), Bacarel and Company Limited (United Kingdom), CYT INTERNATIONAL PTE LTD (Singapore), Sunflower Enterprise (United States) and A-Bank Co.,Ltd (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Krill Meal market by Type (Food Grade Krill Meal and Feed Grade Krill Meal), Application (Human consumption, Aquarium and Aquaculture feed) and Region.
On the basis of geography, the market of Krill Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Krill Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lifecycle, the sub-segment i.e. Starter feed will boost the Krill Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing use in the pharmaceutical segment
Market Growth Drivers:
Ease of availability of this product in the market, Increasing awareness among the consumers about the health benefits associated with it and Rise in seafood trade propelling the demand
Challenges:
Growth in environmental and human health concern
Restraints:
Availability of various alternate protein feeds which includes fish meal and soybean meal
Opportunities:
Various ongoing research in krill meal and Development of innovative products as a source of protein
Key Target Audience
Krill Meal Manufacturers, Krill Meal Distributors/Traders/Wholesalers, Krill Meal Sub-component Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.