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Cooke Decision to Acquire Omega Protein Corporation will Help the Company to Further Diversify the Supply Side of Cooke’s Business and Supports their Strategy of Responsible Growth as a Leader in Seafood Production Globally: Ken Research

Press release   •   Aug 29, 2019 10:10 IST

“The acquisition of Omega Protein Corporation was the largest acquisition in the 33-year history of Cooke. The strategic fit of Omega Protein’s fish based nutritional ingredients with Cooke’s strong position in aquaculture feed and farming could lead for greater revenues in the years to come”.

Enhancing Operational Capability through Vertical Integration: The animal feed ingredients produced by Omega Protein are an important component in Cooke Aquaculture’s production of healthy Atlantic salmon, which will greatly enhance Cooke’s vertical integration and help in being the global leader in seafood production. Omega Protein Shipyard, now part of the Cooke Inc will also help in expanding the capabilities of the fleet of the company. For instance, in July 2019, Omega Shipyard, christened the F/V Southern Star, which will be used by Cooke Uruguay, a sister division of Omega Protein under Cooke Inc., to fish for red crab.

Focus on Product Innovations: This merger brought together two innovative fishery teams with a passion for delivering superior products, service, and value to their customers in a safe and environmentally sustainable manner. Omega Protein’s efficient R&D activities helps the company to offer naturally long-chain Omega-3 content refined from menhaden oil and healthy food grade oil. The deal brought additional 1,000 employees into the Cooke team, which now numbers approximately 6,000 globally. It is expected that Cooke will benefit from it, in terms of production efficiency and product innovations for markets which are still untapped.

Rising Demand for Omega-3 Fatty Acids: The Company may benefit from the growing demand for omega-3 fatty acids globally. Omega protein is a provider of omega-3 fatty acids. Therefore, the company may capture growth emanating from the increasing demand for omega-3 fatty acids. Increase in this demand is primarily due to growing consumer awareness regarding the health benefits associated with omega-3. The rising prevalence of coronary heart diseases is expected to drive market demand for omega-3 over the next six years. According to several industry reports, the global market for omega-3 is expected to reach USD 7.3 billion by 2020. Europe was the largest consumer of omega-3 ingredients in 2016, accounting for more than 60% of global consumption and is expected to maintain leadership position till 2020.

Key Target Audience:-

Fishing Companies

Animal Nutrition Product Manufacturers

Human Nutrition Product Manufacturers

Sea Food Manufacturers and Retailers

Ship Building Companies

Investment Banks

Private Equity Firms and Consultants

End Users of Fishmeal and Fish Oil

Time Period Captured in the Report:-

Historical Period - 2012-2017

Forecast Period – 2018E-2025E (Future Revenue Projections)

Keywords:-

Omega Protein Industry In North America

United States Omega Protein Market Future Outlook

Omega Protein Corporation Subsidiaries

Omega Protein Fish Meal Production

Omega Protein Fish Oil Revenue

Omega Protein Functional Ingredients

Omega Protein Nutritional Ingredients

Omega Protein Ship Capacity

Omega Protein Shipyard Capacity

Omega Protein Production Revenue

Omega Protein Sales Volume

Omega Protein Sea Food Manufacturer

Omega Protein Animal Feeds Market

For more information on the research report, refer to below link:-

United States Omega Protein Market

Related Report:-

Comprehensive Profile: Daybrook Fisheries – Gulf Menhaden Fishmeal and Fish Oil Processing Company

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Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition. With a network panel list of 5000+ Industry Veterans and experienced 100+ analysts, consultants and research publishers across the globe, Ken Research aid clients in identifying the demand–supply gap, niche segments and challenges in the ecosystem.