South America Lipid Market Size

Statistics for the 2023 & 2024 South America Lipid market size, created by Mordor Intelligence™ Industry Reports. South America Lipid size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of South America Lipid Industry

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South America Lipid Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.20 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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South America Lipid Market Analysis

The South American lipid market is projected to witness a CAGR of 3.2% during the forecast period (2020-2025).

The market is primarily driven by the rising awareness regarding the nutritional and functional importance of lipids, and the rising demand for lipid nutrition in fortified food, pharmaceuticals, infant formula, animal nutrition, and dietary supplements.

By product type, the omega 3 and omega 6 segment is the dominating market, owing to the advancement in technologies, such as microencapsulation to serve pharmaceuticals and other industries that have led to the increase in the demand for capsules, oils, and functional foods containing omega-3 acids.

However, chronic diseases associated with lipids, such as heart diseases, diabetes, and cancers, and lipid oxidation and degradation lead to loss of functional properties, nutritional value, and formation of toxic substances, diminishing the shelf life and organoleptic properties of food products. These are the major restraints impeding the growth of the market studied.

South America Lipid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)