South America Omega-3 PUFA Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Omega-3 PUFA Market Analysis
The South American omega-3 PUFA market is projected to record a CAGR of 11.56% during the forecast period, 2020-2025.
- Currently, South America is the smallest yet fastest-growing market for omega-3 PUFA, with the growth of the pharmaceutical sector and increase in fortified food products in the region.
- The major drivers of the market are the increased demand for omega-3 PUFA from infant formula applications, increased fortification in food products, growing consumer health awareness, increased overweight and obesity among people, and growing disposable income levels.
South America Omega-3 PUFA Market Trends
This section covers the major market trends shaping the South America Omega-3 PUFA Market according to our research experts:
Growing Demand for Omega-3 in the Pharmaceutical Industry
Currently, South America is the smallest yet fastest-growing market for omega-3 PUFA, with the growth of the pharmaceutical sector and increase in fortified food products in the region. Moreover, EPA is a growing, high-potential segment of the market due to EPA's specific health benefits in the field of adult health. This has drawn the attention of pharmaceutical companies, thus, leading to the incorporation of highly concentrated EPA in heart health drugs.
Brazil Dominates the Market in the Region
The Argentinian market for EPA and DHA ingredients is driven by its increasing utilization in fortified foods, such as bread, milk, and cooking oil. Hence, the functional food market is emerging as one of the largest consumers of omega-3 ingredients in the country. However, in Brazil, the rising health concerns, due to the increasing cases of mental health, anxiety, and depression issues, have led to the increased demand for supplements and health-oriented products, thus, majorly boosting the functional ingredients market.
South America Omega-3 PUFA Industry Overview
The South American omega-3 PUFA market is fragmented, owing to the presence of a large number of regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of companies, along with new product development, as strategic approaches by the leading companies to boost their brand presence among consumers. Some of the major players in the market are Cargill Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company, and Omega Protein Corporation.
South America Omega-3 PUFA Market Leaders
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Cargill, Incorporated
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BASF SE
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Corbion NV
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
South America Omega-3 PUFA Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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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 Bargaining Power of Suppliers
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Threat of New Entrants
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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 Source
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5.1.1 Plant
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5.1.2 Marine
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5.2 Type
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5.2.1 Docosahexanoic Acid (DHA)
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5.2.2 Eicosapentanoic Acid (EPA)
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5.2.3 Alpha-linolenic Acid (ALA)
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5.2.4 Other Types
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5.3 Application
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5.3.1 Food and Beverage
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5.3.2 Dietary Supplements
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5.3.3 Pharmaceuticals
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5.3.4 Animal Feed
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5.4 Geography
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5.4.1 Brazil
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5.4.2 Argentina
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5.4.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Incorporated
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6.3.2 BASF SE
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6.3.3 Corbion NV
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6.3.4 Archer Daniels Midland Company
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6.3.5 Omega Protein Corporation
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6.3.6 KD Pharma Group
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6.3.7 Novotech Nutraceuticals Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Omega-3 PUFA Industry Segmentation
The South American omega-3 PUFA market is segmented by source into plant and marine. By type, the market is segmented into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), alpha-Linolenic acid (ALA), and other types. Additionally, by application, the market is segmented into food and beverage, dietary supplements, pharmaceuticals, and animal feed.
| Source | |
| Plant | |
| Marine |
| Type | |
| Docosahexanoic Acid (DHA) | |
| Eicosapentanoic Acid (EPA) | |
| Alpha-linolenic Acid (ALA) | |
| Other Types |
| Application | |
| Food and Beverage | |
| Dietary Supplements | |
| Pharmaceuticals | |
| Animal Feed |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Omega-3 PUFA Market Research FAQs
What is the current South America Omega-3 PUFA Market size?
The South America Omega-3 PUFA Market is projected to register a CAGR of 11.56% during the forecast period (2024-2029)
Who are the key players in South America Omega-3 PUFA Market?
Cargill, Incorporated, BASF SE, Corbion NV and Archer Daniels Midland Company are the major companies operating in the South America Omega-3 PUFA Market.
What years does this South America Omega-3 PUFA Market cover?
The report covers the South America Omega-3 PUFA Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Omega-3 PUFA Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Omega-3 PUFA Industry Report
Statistics for the 2024 South America Omega-3 PUFA market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Omega-3 PUFA analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
