South America Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The South America Omega-3 PUFA Market is segmented by Source (Plant and Marine), Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), Alpha-linolenic Acid (ALA), and Other Types), Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, and Animal Feed), and Geography.

Market Snapshot

South America Omega 3 PUFA Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 11.56 %

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Market Overview

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.

Scope of the report

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

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Key Market Trends

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.

south-america-omega-3-pufa-market

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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 market

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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  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 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Plant

      2. 5.1.2 Marine

    2. 5.2 Type

      1. 5.2.1 Docosahexanoic Acid (DHA)

      2. 5.2.2 Eicosapentanoic Acid (EPA)

      3. 5.2.3 Alpha-linolenic Acid (ALA)

      4. 5.2.4 Other Types

    3. 5.3 Application

      1. 5.3.1 Food and Beverage

      2. 5.3.2 Dietary Supplements

      3. 5.3.3 Pharmaceuticals

      4. 5.3.4 Animal Feed

    4. 5.4 Geography

      1. 5.4.1 Brazil

      2. 5.4.2 Argentina

      3. 5.4.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Incorporated

      2. 6.3.2 BASF SE

      3. 6.3.3 Corbion NV

      4. 6.3.4 Archer Daniels Midland Company

      5. 6.3.5 Omega Protein Corporation

      6. 6.3.6 KD Pharma Group

      7. 6.3.7 Novotech Nutraceuticals Inc.

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

**Subject to Availability

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Frequently Asked Questions

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

The South America Omega-3 PUFA Market is growing at a CAGR of 11.56% over the next 5 years.

Cargill, Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company are the major companies operating in South America Omega-3 PUFA Market.

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