Country Niche Players Dominate the Omega-3 Product Industry, Despite the Presence of ~400 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Omega-3 Product Market by Ken Research
Omega-3 is a fatty acid that can be obtained through fish, fish oils, fatty fish, walnuts, soybeans, and others. Omega-3 supplements are also used to reduce heart diseases and lessen the chances of cardiac arrest. A deficiency of Omega-3 can cause severe infections such as rashes, swollen, scaly skin, and others. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Constitute Just ~5% of the Total Number of Competitors, While Country Niche Players Represent ~70% of Total Competitors
Competitive Analysis by the research study found that the Global Omega-3 Product Market is highly competitive with ~400 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in manufacturing and delivering Omega-3 products. The large global players even though comprise about 5% in terms of the number of companies, hold a significant portion of the market revenue share while country niche players account for largest share of the market revenue.
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2. Major Players in the Global Omega-3 Market are Dealing in Diversified Chemical Products.
Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of Omega-3 products catering to various applications such as supplements, food, infant formula, personal care, nutraceuticals, and others. All leading competitors have a strong presence in the Global Omega-3 Product Market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to the demand of end-users.
- DSM N.V. and Novozymes formed a 50:50 joint venture with Evonik, which developed an algal oil rich in Omega-3 fatty acids EPA and DHA for aquaculture and pet food without using wild-caught fish.
- In October 2018, Cargill announced the launch of Latitude, a plant-based fish oil alternative that provides long-chain Omega-3 fatty acids for aquafeeds.
Government Programs and Initiatives to Encourage the Expansion of the Global Omega-3 Product Market
- In August 2021, Uttarakhand Government, India launched the vegetarian Omega-3 supplement RuVega, which is extracted from the perilla plant and developed & formulated by a team of scientists at the Center of Aromatic Plants (CAP), and Rusan Pharma Ltd.
- According to whitehouse.gov, a USA government portal, mentioned in their September 2022 factsheet, the Seafood Nutrition Partnership will commit a minimum of US$ 280,000 over the next eight years to improve public knowledge of essential nutrition that has been shown to improve brain health. It will also conduct research to measure and map Omega-3 DHA and EPA deficiencies across the country.
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Key Topics Covered in the Report
- Snapshot of the Global Omega-3 Product Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Omega-3 Product Market
- Historic Growth of the Overall Global Omega-3 Product Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Omega-3 Product Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Omega-3 Product Market
- Future Market Forecast and Growth Rates of the Total Global Omega-3 Product Market and by Segments
- Market Size of Source / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Omega-3 Product Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
Major Players Mentioned in the Report
- Croda International Plc
- BASF SA
- Cargill Incorporated
- Reckitt Benckiser Group PLC
- Orkla Health
- Aker Biomarine
- DSM N.V.
- Cellana Inc.
- Stepan
- Epax
Notable Emerging Companies Mentioned in the Report
- Chambio Co., Ltd.
- Affiliate Nutra
- Makers Nutrition
- Wiley's Finest
- SMPNutra
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Omega-3 Manufacturing Companies
- Omega-3 Distributors
- Omega-3 Product Fish Oil Extracting Companies
- Potential Investors in Pharma & Wellness Product Companies
- Acid Manufacturing and Extracting Companies
- Supplements Manufacturing & Distributing Companies
- Algae and Vegetable Oil Omega-3 Extracting Companies
- Consulting Companies in the Omega-3 Product Market
- Government And Research Organizations Working in Food Industry
- PE Firms and Investment Banks Targeting Food Industry
- PE Firms and Investment Banks Targeting Healthcare Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For More Information on the Research Report, refer to below links: –
Global Omega-3 Product Industry: Ken Research
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