Market Trends of South America Omega-3 PUFA Industry
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.
