The South America omega-3 concentrates market is expected to reach US$ 135.16 million in 2027 from US$ 84.38 million in 2019. The market is anticipated to grow at a CAGR of 6.1 % from 2020 to 2027.
Market Introduction
Omega-3 concentrates refers to highly concentrated oils & powders that are rich in EPA and DHA constitution. The common sources of obtaining omega-3 concentrates are fish, algae, calamari and others. These concentrates are known for offering health benefits like reduction in the risk of heart diseases, reduces blood fat level and enhances the good cholesterol level in the human body. The EPA and DHA content in omega-3 concentrates are inked with healthy aging throughout life. These are also linked with fetal development and Alzheimer’s disease. The omega-3 concentrates in the form of powder and oil find applications in food & beverages, infant formulas and dietary supplements.
Factors driving the market growth include awareness among the consumers regarding the health benefits of omega-3 concentrates and increased demand for omega-3 concentrates from end-user segments. However, depleting marine population is likely to have a negative impact on the market growth.
Effect of covid-19 on South America omega-3 concentrates market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Brazil has the highest number of confirmed cases of the COVID-19 morbidity among all South American countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in South America. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The oil segment accounted for a larger share of the South America omega-3 concentrates market, by form, in 2019. The fish segment accounted for a larger share of the South America omega-3 concentrates market, by source, in 2019. The triglyceride segment accounted for a larger share of the South America omega-3 concentrates market, by type, in 2019. The high DHA segment accounted for a larger share of the South America omega-3 concentrates market, by concentration, in 2019. The dietary supplements segment accounted for a larger share of the South America omega-3 concentrates market, by end use, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the South America omega-3 concentrates market include BASF SE; AlaskOmega; Golden Omega S.A.; DSM Nutritional Products AG; Epax Norway and Norwegian Fish Oil.
Reasons to buy the report
- To understand the South America omega-3 concentrates market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape for the omega-3 concentrates market
- To efficiently plan M&A and partnership deals in the omega-3 concentrates market by identifying market segments with most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the omega-3 concentrates market
- To obtain market revenue forecast for market by various segments from 2017 to 2027
South America Omega-3 Concentrates Market Segmentation
By Form
- Oil
- Powder
By Source
- Fish
- Algae
- Calamari
- Krill
- Others
By Type
- Triglyceride (TG)
- Ethyl Ester (EE)
- Phospholipids (PL)
By Concentration
- High DHA
- High EPA
- Balanced EPA-DHA
By End Use
- High DHA
- High EPA
- Balanced EPA-DHA
Company Profiles
- BASF SE
- AlaskOmega
- Golden Omega S.A.
- DSM Nutritional Products AG
- Epax Norway
- Norwegian Fish Oil
By Country
- Brazil
- Argentina
- Rest of South America
South America Omega 3 Concentrates Market Strategic Insights
South America Omega 3 Concentrates Market Report Highlights
| Report Attribute | Details |
| Market size in 2019 | US$ 84.38 Million |
| Market Size by 2027 | US$ 135.16 Million |
| CAGR (2020 - 2027) | 6.1 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Form
|
|
Regions and Countries Covered
|
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| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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South America Omega 3 Concentrates Market Country and Regional Insights
