South America Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The South American omega-3 PUFA market is projected to record a CAGR of 11.56% during the forecast period, 2020-2025.

Key Highlights

• 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.

Key Market TrendsGrowing 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.

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.

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.