South America Algae Omega-3 Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Algae Omega-3 Ingredients Market Analysis
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.
South America Algae Omega-3 Ingredients Market Trends
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.
South America Algae Omega-3 Ingredients Industry Overview
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.
South America Algae Omega-3 Ingredients Market Leaders
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ADM
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DSM
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Corboin
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Polaris Inc
*Disclaimer: Major Players sorted in no particular order
South America Algae Omega-3 Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Eicosapentanoic Acid (EPA)
- 5.1.2 Docosahexaenoic Acid (DHA)
- 5.1.3 EPA/DHA
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5.2 By Application
- 5.2.1 Food and Beverages
- 5.2.1.1 Infant Formula
- 5.2.1.2 Fortified Food and Beverages
- 5.2.2 Dietary Supplements
- 5.2.3 Pharmaceuticals
- 5.2.4 Animal Nutrition
- 5.2.5 Clinical Nutrition
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5.3 By Geography
- 5.3.1 Brazil
- 5.3.2 Colombia
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 BIOPROCESS ALGAE, LLC
- 6.4.2 ADM
- 6.4.3 SIMRIS ALG
- 6.4.4 Polaris Inc
- 6.4.5 DSM
- 6.4.6 Source Omega LLC
- 6.4.7 Novotech Nutraceuticals Inc.
- 6.4.8 Corboin
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth America Algae Omega-3 Ingredients Industry Segmentation
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 | ||
| By Application | Dietary Supplements | |
| Pharmaceuticals | ||
| Animal Nutrition | ||
| Clinical Nutrition | ||
| By Geography | Brazil | |
| Colombia | ||
| Rest of South America |
South America Algae Omega-3 Ingredients Market Research FAQs
What is the current South America Algae Omega-3 Ingredients Market size?
The South America Algae Omega-3 Ingredients Market is projected to register a CAGR of 12.40% during the forecast period (2024-2029)
Who are the key players in South America Algae Omega-3 Ingredients Market?
ADM, DSM, Corboin and Polaris Inc are the major companies operating in the South America Algae Omega-3 Ingredients Market.
What years does this South America Algae Omega-3 Ingredients Market cover?
The report covers the South America Algae Omega-3 Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Algae Omega-3 Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Algae Omega-3 Ingredients Industry Report
Statistics for the 2024 South America Algae Omega-3 Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Algae Omega-3 Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
