Monday, 22 August 2011

FRENCH PUBLICATION: KRILL'S FUTURE BRIGHT

Neptune Technologies & Bioressources
TSXV: NTB - NASDAQ: NEPT
Basic Shares: 48.2 million
Fully diluted: 53.9 million
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The sky is the limit for the booming omega-3 market here and around the world, a France-based food trade publication called NutraIngredients wrote in the first of its three-part research report.

The market for omega-3 food, beverage and supplements around the world is worth roughly $8 billion with annual growth of around 17%. The publication found that while the U.S., with sales of $4 billion is the dominate consumer in world markets, other markets and especially Asia are showing equal or faster growth.

Quoting one expert, the online version of the NutraIngredients publication, stated Asia is growing almost three times as fast as North American and Western European markets.

Fish oil held roughly 80% of the 2010 global omega-3 market, but the publication found krill oil was gaining rapidly and Neptune Technologies was the first of three producers named in the article.

In the second article, the publication stated the yearly value of the krill supply for human use is estimated to be at $100 million and growing at around 20% per year.

Dr. Wael Massrieh, Neptune's Research and Development Director, was quoted in the article stating a lot more public and industry education has to be conducted to increase krill oil's market share.