South America Omega-3 PUFA Market Size (2024 - 2029)

The South American omega-3 PUFA market is experiencing rapid growth, driven by factors such as the expansion of the pharmaceutical sector and the rise in fortified food products. This market, although the smallest in the region, is witnessing significant expansion due to increased demand in infant formula applications, heightened food fortification, and growing consumer health awareness. Additionally, rising levels of overweight and obesity, along with increased disposable income, are contributing to the market's growth trajectory.

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Market Size of South America Omega-3 PUFA Industry

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South America Omega 3 PUFA Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.56 %
Market Concentration Low

Major Players

South America Omega-3 PUFA Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Omega-3 PUFA Market Analysis

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.

South America Omega-3 PUFA Industry Segmentation

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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South America Omega-3 PUFA Market Size Summary

The South American omega-3 PUFA market is characterized as the smallest yet the fastest-growing segment globally, driven by the expansion of the pharmaceutical sector and the increasing prevalence of fortified food products in the region. The market's growth is primarily fueled by the rising demand for omega-3 PUFA in infant formula applications, enhanced food fortification, and heightened consumer awareness regarding health. Additionally, the growing concerns over overweight and obesity, coupled with increasing disposable income levels, are contributing to the market's expansion. The segment focusing on EPA is particularly noteworthy due to its specific health benefits for adults, attracting the attention of pharmaceutical companies that are incorporating concentrated EPA into heart health medications.

In Argentina, the market for EPA and DHA ingredients is bolstered by their increasing use in fortified foods like bread, milk, and cooking oil, making the functional food sector a significant consumer of omega-3 ingredients. Meanwhile, in Brazil, the rising health concerns related to mental health issues such as anxiety and depression are driving demand for supplements and health-oriented products, thereby boosting the functional ingredients market. The South American omega-3 PUFA market is fragmented, with numerous regional and domestic players. Companies are focusing on mergers, expansions, acquisitions, partnerships, and new product development to enhance their market presence. Key players in this market include Cargill Incorporated, BASF SE, Corbion NV, Archer Daniels Midland Company, and Omega Protein Corporation.

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South America Omega-3 PUFA Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Plant

      2. 2.1.2 Marine

    2. 2.2 Type

      1. 2.2.1 Docosahexanoic Acid (DHA)

      2. 2.2.2 Eicosapentanoic Acid (EPA)

      3. 2.2.3 Alpha-linolenic Acid (ALA)

      4. 2.2.4 Other Types

    3. 2.3 Application

      1. 2.3.1 Food and Beverage

      2. 2.3.2 Dietary Supplements

      3. 2.3.3 Pharmaceuticals

      4. 2.3.4 Animal Feed

    4. 2.4 Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Rest of South America

South America Omega-3 PUFA Market Size FAQs

The South America Omega-3 PUFA Market is projected to register a CAGR of 11.56% during the forecast period (2024-2029)

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

South America Omega-3 PUFA Report Snapshots

South America Omega-3 PUFA Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)