3 Key Insights on Competitive Landscape in the Global Omega-3 Product Market: Ken Research

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: -

https://www.kenresearch.com/business-research/global-omega-3-product-market-outlook-2028/

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This release was published on openPR.