South America Omega-3 Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Omega-3 Products Market Analysis
The South American omega-3 products market is projected to register a CAGR of 8.3%, during the forecast period (2020-2025).
Across the region, dietary supplements have been estimated to lead the market, on the other hand, omega-3 products across infant formula are expected to record a comparatively higher CAGR.
Brazil dominates the market, due to its high consumption of healthy food, as compared to other countries, followed by Argentina. With more well-informed consumers who want to improve their lifestyles, the whole South American region is primed for continual growth, citing the consumption of omega-3-based products.
South America Omega-3 Products Market Trends
This section covers the major market trends shaping the South America Omega-3 Products Market according to our research experts:
Growing Demand for Omega-3 Products in Brazil
Across Brazil, people are mostly aware of the benefits of omega-3, pertaining to cardiovascular and brain health. Many international companies are introducing new algal-based EPA products or collaborating with Brazilian companies to launch algal-based EPA-fortified products and supplements in the Brazilian market.
The main source of omega-3 for the Brazilian population is fish, followed by fortified foods. The growing middle-class population allows for more disposable income, along with the spread of technology and growing education, which led to more knowledge about personal health. This increasing health concern in Brazil is driving the demand for omega-3 products, mostly in supplements and pharmaceutical drugs.
Consistent Demand for Healthy Foods, Specifically from the Emerging Nations
South American countries, such as Chile, are one of the topmost importers of the US "consumer-oriented products". The demand for healthy food products continues to grow, with increasing health awareness and disposable incomes. The US products are perceived to be of high quality, and safe, unique, and reliable. Hence, consumers are increasingly searching for gourmet and differentiated products, providing excellent opportunities for US exporters.
Across Chile, the emergence of millennial consumers having higher disposable incomes is a positive influencer for the omega 3 products to grow. These sets of consumers tend to buy less in terms of volume but are looking for high value-added products, such as fortified and functional food and beverages.
South America Omega-3 Products Industry Overview
Major players operating in the South American omega-3 products market are Nestle SA, Amway Corp., Unilever, GNC, and Herbalife, among others. Domestic companies are vying for their market share and are majorly engaged in the production of infant formula based products. This has led to low market visibility, however, the market is anticipated to witness an increasing rate of mergers and acquisitions, followed by product innovation, leading to higher competition among established players.
South America Omega-3 Products Market Leaders
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Unilever
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Herbalife Nutrition
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Amway
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GNC
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Nestlé S.A.
*Disclaimer: Major Players sorted in no particular order
South America Omega-3 Products Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Functional Food
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5.1.2 Dietary Supplements
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5.1.3 Infant Nutrition
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5.1.4 Pet Food and Feed
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5.1.5 Pharmaceuticals
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5.2 By Distribution Channel
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5.2.1 Grocery Retailers
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5.2.2 Pharmacies and Drug Stores
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5.2.3 Internet Retailing
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5.2.4 Other Distribution Channels
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5.3 By Geography
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5.3.1 South America
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5.3.1.1 Brazil
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5.3.1.2 Argentina
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5.3.1.3 Chile
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5.3.1.4 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Unilever
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6.4.2 Amway Corp.
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6.4.3 Herbalife Nutrition
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6.4.4 Nestle SA
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6.4.5 GNC
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6.4.6 Reckitt Benckiser Group PLC
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Omega-3 Products Industry Segmentation
The South American omega-3 products market is segmented by product type into functional food, dietary supplements, infant nutrition, pet food and feed, and pharmaceutical. By distribution channel, the market is segmented into grocery retailers, pharmacies and drug stores, internet retailing, and other distribution channels. On the basis of geography, the report provides an analysis of major consuming nations in the region, i.e., Brazil, Argentina, Colombia, and the Rest of South America.
| By Product Type | |
| Functional Food | |
| Dietary Supplements | |
| Infant Nutrition | |
| Pet Food and Feed | |
| Pharmaceuticals |
| By Distribution Channel | |
| Grocery Retailers | |
| Pharmacies and Drug Stores | |
| Internet Retailing | |
| Other Distribution Channels |
| By Geography | ||||||
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South America Omega-3 Products Market Research FAQs
What is the current South America Omega-3 Products Market size?
The South America Omega-3 Products Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)
Who are the key players in South America Omega-3 Products Market?
Unilever, Herbalife Nutrition, Amway, GNC and Nestlé S.A. are the major companies operating in the South America Omega-3 Products Market.
What years does this South America Omega-3 Products Market cover?
The report covers the South America Omega-3 Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Omega-3 Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Omega-3 Products Industry Report
Statistics for the 2023 South America Omega-3 Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Omega-3 Products analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
