Pelagia AS

Pelagia AS Overview

Company Headquarters: Bergen, Norway

Founded: 2014

Workforce: ~710

Company Working: Pelagia AS is a key producer of various fish-based products for the consumption of humans. The company also supplies essential ingredients such as fishmeal, fish oil, and protein concentrates. Pelagia is also a key producer of concentrated marine-based omega-3 fatty acids to produce pharmaceutical and nutraceutical products along with dietary supplements. The company has several processing plants for fish. Pelagia operates in 28 departments of Norway, Denmark, Ireland, the UK, and Ukraine, among them, 25% are fully owned by Pelagia and the three are partially owned by the company. The operation of the Pelagia is categorized into food, feed, and health.

Strategy

Pelagia AS is focusing on the development of its business through acquisition and strategic collaborations. The company is also focusing on investment strategies for the further development of its marine ingredients-based product portfolio.

Company Snapshot

$1,028.5M

Revenue

710

Employees

2014

Founded

Bergen, Norway

Headquarters

SWOT Analysis

Strengths

The increased focus of the company based on ongoing trends such as health and wellness along with new product launches are the key strengths of the company
State-of-art production technology

Weaknesses

The company is not able to tackle the challenges that occurred owing to new entrants

Opportunities

More focus on online channels
New trends associated with consumers' preferences and inclination
Adoption of new technology standards

Threats

Surging rivalry from various global players
Shifting consumers' buying pattern

Key Developments

Date	Approach	Development
December 2017	Acquisition	Pelagia announced the acquisition of Epax- a foremost brand of concentrated marine-based omega-3 fatty acids for the formulation of pharmaceuticals and nutraceutical products such as dietary supplements.

Product Offering

Pelagia AS
- Global Fish Protein Hydrolysate Market

Financial Performance

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