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Some of the leading companies operating in the fish oil alternatives market include
These companies are focusing on strategic partnerships, product developments, and acquisitions to reinforce their presence in the industry.
For instance, in September 2021, Algarithm, AlaskOmega, and Aenova partnered to design chewable vegan soft gel capsules with microalgae-based alpha mega omega-3 DHA oil. This initiative was meant to allow the companies to expand their customer base and gain a competitive edge over rivals in the market.
The fish oil alternatives industry share from the chia seeds oil segment will register a 6% CAGR through 2023-2032, considering the rapid rise in demand for personal care solutions.
The global fish oil alternatives market size crossed USD 2 billion in 2022 and will depict over 5% CAGR through 2023-2032, due to the high preference for plant-based diets to reduce cardiovascular disease burden.
Europe fish oil alternatives industry is anticipated to be valued at over USD 4 billion by 2032, given the expansion of cattle, poultry, and aquaculture sectors.
Prominent players in the fish oil alternatives market include Burcon, Cargill Inc., Archer-Daniels-Midland Company (ADM), Dupont, Wilmar International, Prinova Group LLC, Medix Laboratories, Chaitanya Chemicals, and Batory Foods, among others.