Market Trends of South America Algae Omega-3 Ingredients Industry
This section covers the major market trends shaping the South America Algae Omega-3 Ingredients Market according to our research experts:
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.
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.
