South America Algae Omega-3 Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America Algae Omega-3 Ingredient Market is Segmented by Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA); by Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, Animal Nutrition, and Clinical Nutrition); and by Geography.

Market Snapshot

South America Algae Omega 3 Ingredient Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 12.4 %

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Market Overview

South America Algae Omega 3 Ingredient Market is projected to grow at a CAGR of 12.4% during the forecast period 2020-2025.

  • Omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye, and brain health, for which they are being widely used in various end-user applications, like dietary supplements, infant nutrition, functional food and beverages, and pharmaceutical and clinical nutrition.​
  • In South America, algae omega-3 ingredients are gaining prominence and becoming a part of the consumer’s daily diet. The key reasons for this change have been the increased prevalence of lifestyle diseases and people taking preventive healthcare measures. ​

Scope of the report

South America Algae Omega-3 Ingredient Market is segmented by type, application, and geography. On the basis of type, the market is segmented into Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA. On the basis of application, the market is segmented into food and beverage, dietary supplements, pharmaceuticals, animal nutrition, and clinical nutrition, and by Geography, the report provides a detailed analysis, which includes Brazil, Colombia, and Rest of South America.

By Type
Eicosapentanoic Acid (EPA)
Docosahexaenoic Acid (DHA)
EPA/DHA
By Application
Food and Beverages
Infant Formula
Fortified Food and Beverages
Dietary Supplements
Pharmaceuticals
Animal Nutrition
Clinical Nutrition
By Geography
Brazil
Colombia
Rest of South America

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Key Market Trends

Health Benefits associated with Omega-3 Consumption

Omega-3 fatty acids, particularly EPA and DHA, are essential in the human diet for proper growth, development, and good health. These have been found to be particularly good for heart health, joint and inflammation support, eye health, cognitive function, pregnancy, and healthy child development, and immune function, among other benefits. Omega-3s play an important role in supporting overall health, as well as chronic disease management and prevention.​ This, in turn, boosting the omega 3 market in the region.

south america algae omega ingredient market

Brazil holds the Largest Market Share in the Market Studied

The increasing health concerns in Brazil are driving the demand for algae omega-3 ingredient in supplements and drugs. Brazilians are mostly aware of the benefits of omega-3, pertaining to cardiovascular and brain health. ​Many international companies are introducing new algae-based EPA products or collaborating with Brazilian companies, to launch algae-based EPA fortified products and supplements in the Brazilian market. For instance, in 2018, Corbion (TerraVia) formed a joint venture with Bunge in Brazil that produces algae omega-3 rich oil for aquaculture feed in Brazil, so as to expand their business in Brazil and meet the demand for algae omega-3 ingredient in animal nutrition.

south america alge omega 3 ingredient market

Competitive Landscape

Algae omega-3 supplements will be the target products in the market, as consumers are looking for health and wellness products. Fish oil is the major competitor for algae omega-3 oil, reducing its cost on lines of fish oil, is expected to attract the consumer market. Some of the major players the market studied are BIOPROCESS ALGAE, LLC, ADM, Source Omega LLC, Corboin among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Eicosapentanoic Acid (EPA)

      2. 5.1.2 Docosahexaenoic Acid (DHA)

      3. 5.1.3 EPA/DHA

    2. 5.2 By Application

      1. 5.2.1 Food and Beverages

        1. 5.2.1.1 Infant Formula

        2. 5.2.1.2 Fortified Food and Beverages

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Animal Nutrition

      5. 5.2.5 Clinical Nutrition

    3. 5.3 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Colombia

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 BIOPROCESS ALGAE, LLC

      2. 6.4.2 ADM

      3. 6.4.3 SIMRIS ALG

      4. 6.4.4 Polaris Inc

      5. 6.4.5 DSM

      6. 6.4.6 Source Omega LLC

      7. 6.4.7 Novotech Nutraceuticals Inc.

      8. 6.4.8 Corboin

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The South America Algae Omega-3 Ingredients Market market is studied from 2016 - 2026.

The South America Algae Omega-3 Ingredients Market is growing at a CAGR of 12.4% over the next 5 years.

ADM, DSM, Corboin, Polaris Inc are the major companies operating in South America Algae Omega-3 Ingredients Market.

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