Omega-3 Firms Angle For Sustainability With Supply Under Pressure
This article was originally published in The Tan Sheet
Fish oil prices are soaring as the global stock shrinks in relation to climbing demand. Sustainable fishery certification has become widespread, but major omega-3 players still hedge their bets by diversifying into multiple ingredient sources, including krill.
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Reckitt Benckiser CEO Rakesh Kapoor plays up the firm’s potential to dominate the fragmented global consumer health product market and says Reckitt is better positioned than big pharma firms to manage OTC businesses. Reckitt continued its emerging markets focus with OTC deals in Latin America and China.
The Global Organization for EPA and DHA Omega-3s in 2013 will open its doors in China, its first satellite office. The trade group also hopes to submit health claim applications to FDA this year regarding the benefits of omega-3 fatty acids on blood pressure and heart health.
The Dutch ingredients company hopes to expand Ocean Nutrition Canada into a global omega-3 fish oil supplier for foods and supplements, as well as a source for pharma ingredients. With expiring IP on the Martek algal DHA process, DSM could be seeking a hedge.