According to the recent research report titled ‘Global Krill Fishery Market - Analysis By Fishing Purpose , Species, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global krill fishery market was worth USD 354.71 million in 2019 and is anticipated to accumulate modest gains during 2020-2025.
 

Rising cognizance regarding health benefits of omega-3 for human and pet health, technological advancements in marine breeding, along with growing pervasiveness of gastrointestinal and life-threatening diseases are the key factors propelling global krill fishery market growth.
 

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In addition, surge in cases of hypertension, unhealthy lifestyle, and booming elderly population are further swaying the industry dynamics. Increasing significance of krill oil capsules and tablets in sports nutrition and for skin health is projected to contribute to the overall market outlook.
 

Based on fishing purpose, global krill fishery market is divided into pet food, meal, and oil. Of these, oil segment is poised to amass notable returns in the ensuing years, credible to growing usage of the product in infant formula as presence of docosahexaenoic corrosive (DHA) and eicosatetraenoic corrosive (EPA) in krill oil enhances mental health of newborn.
 

Moving on to species type, the industry is spilt into euphasia superba, and euphasia pacificia. The euphasia superba segment held major portion of global krill fishery market share in the recent past, credible to its benefits for pet, aquaculture, and human food.
 

Speaking of recent developments, the COVID-19 outbreak has led to production level disruptions for Aker BioMarine, however, the company has taken measures to mitigate negative impacts. The establishment of new technology and sustainability standards for krill harvesting by the concerned firms is also predicted to fuel the industry expansion.
 

From the regional perspective, Americas presently holds a significant share of worldwide krill fishery industry and is expected to expand through 2025, attributable to increasing number of chronic heart diseases patient, prevalence of blood pressure disorders, and booming diabetic population. Moreover, escalating diversification in products offered by major players to fulfill customer demands is also adding to the regional market growth.
 

Leading organizations impacting global krill fishery market trends are China National Fisheries (Group) Corporation, Omega Protein Corporation, Alfa Laval AB, Aker BioMarine ASA, and Rimfrost AS.