FMI Market Forecast Report on Krill Meal Market 2017-2 | Page 4

Krill Meal Market

Global Krill Meal Market Set for Rapid Growth And Trend , by 2027
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 .
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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
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