Krill Meal Market Quantitative Market Analysis, Current and Future Tr Krill Meal Food | Page 4

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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