The key players in the lipid nutrition market include Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nordic’s Naturals, Inc. (U.S.), Croda International Plc (U.K.), Cargill (U.S.), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), FMC Corporation (U.S.), Neptune Wellness Solutions (Canada), Aker BioMarine AS (Norway), Omega Protein Corporation (U.S.), FrieslandCampina (Netherlands), and Polaris Nutritional Lipids (France).
Strategic acquisitions and organic expansions were the core strengths of the leading players of the lipid nutrition market; these strategies were adopted by the players to increase their market presence. They also helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their production capacities. Market leaders such as Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Omega Protein Corporation (U.S.), FMC Corporation (U.S.) successfully tapped the potential markets through expansions, investments, acquisitions, and agreements or joint ventures.
Nordic Naturals, Inc. (U.S.) is one of the leading companies in the fish oil industry. The company develops Omega-3 and vitamin products from fish oil for human and animal nutrition purposes in various flavors and concentrations. The company is largely focused on the development of Omega-3 products; however, it has a limited range of Omega-6 products which are sold under the Nordic GLA brand. The company adopts organic growth as its main growth strategy for its business segments. Strong research & development activities by the company enable the company to expand its product line to a significant extent, helping the company to increase its customer base. For instance, from 2012 to 2017, the company launched approximately 13 products in the Omega market for infant, adult, and animal nutrition. The company has a well-established distribution channel enabling its products to reach over 35 countries. Strong global presence, well-established R&D activities, coupled with ownership of many patented technologies, are the major factors contributing to the high potential of this company in the lipid nutrition market.
Koninklijke DSM N.V. (Netherlands) is a leading company in health, nutrition, and materials businesses with more than 100 years of industry experience. The company has established itself as an international food conglomerate, with its wide range of offerings covering most of the sectors of the food & beverage industry. Being a global leader in vitamins, carotenoids, nutraceuticals, and premixes, Royal DSM markets its innovative lipid nutrition products for both human and animal nutrition, under its DSM nutritional products business segment. DSM works in close cooperation with its customers to meet their requirements, enhance the products, and ensure consistent quality. Under the lipid nutrition product portfolio, DSM offers innovative products under brands such as life’sGLA and life’sDHA. DSM has a well-developed global presence and aims to increase its business in emerging markets to develop a significant global network by adopting both organic and inorganic strategies. For instance, in 2010 and 2012, the company acquired local market players, Martek Biosciences Corp (U.S.) and Ocean Nutrition (Canada) respectively, to gain a significant market share and expertise in the production of Omega-3 PUFA. These acquisitions would enable the company to generate profits and widen its portfolio in the health and nutrition segment, as well as help it to gain a major market share in the North American region. The company also focuses on organic growth as a favorable strategy for the company’s growth, majorly involving product launches and expansion activities.
Lipid Nutrition (Nutritional Lipids) Market by Type (Omega-3, Omega-6, MCTs), Source, Form, Application (Dietary Supplements & Nutraceuticals, Infant Formula, Pharmaceuticals, Food Fortification, Animal Nutrition), and Region - Global Forecast to 2022
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