Omega-3 supplements contain high concentrations of omega-3 fatty acids such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), along with numerous vitamins and minerals required by the human body to maintain overall health and wellness. In the past few years, stressful and hectic lifestyles and hasty dietary habits have significantly hampered the nutritional intake of consumers. In addition, the deficiency of omega-3 can cause a red, swollen, itchy rash on the skin, along with making it rough and scaly; the deficiency may also lead to many chronic diseases among individuals. According to the World Health Organization (WHO), 41 million people die due to chronic diseases every year, accounting for 71% of total deaths worldwide. More than 15 million people belonging to the age group of 30–69 die from a chronic disease every year, while 85% of the "premature" deaths occur in low- and middle-income nations. Cardiovascular diseases account for the majority of chronic disease mortality (17.9 million persons per year), followed by cancer (9.3 million), respiratory disorders (4.1 million), and diabetes (1.5 million). The EPA and DHA in omega-3 supplements help reduce the risk of heart diseases by improving metabolic and cardiovascular health. They also exhibit anti-inflammatory properties and strengthen the immune system by promoting the function of immune cells. Further, a sedentary lifestyle has resulted in an increase in the number of chronic diseases, which is likely to drive product demand. The omega-3 supplements may help reduce the chance of irregular heartbeats or arrhythmias, which can result in the abrupt death of patients. It also aids in the reduction of triglyceride levels, slowing of atherosclerotic plaque growth rate, and reduction of blood pressure. With the growing focus on preventative care as a crucial tool to attain a healthier lifestyle, consumers are increasingly shifting to healthier food and supplement choices. As a result, omega-3 supplements are becoming more popular due to their attractive vitamin, protein, and mineral content. Thus, a rise in awareness regarding chronic health conditions has increased the daily intake of omega-3 supplements, which is driving the omega 3 supplements market growth.
Brazil has been ranked to be the world’s third-most affected economy due to the COVID -19 pandemic. In South America, Brazil has the highest number of COVID -19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments in South America have taken an array of actions to protect their citizens and combat the spread of SARS-CoV-2 through lockdowns, trade bans, and travel restrictions. This may have a direct impact on the growth of the omega 3 supplements market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America omega-3 supplements market. The South America omega-3 supplements market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,589.98 Million |
| Market Size by 2028 | US$ 2,905.07 Million |
| CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Omega-3 Supplements Market is valued at US$ 1,589.98 Million in 2021, it is projected to reach US$ 2,905.07 Million by 2028.
As per our report South America Omega-3 Supplements Market, the market size is valued at US$ 1,589.98 Million in 2021, projecting it to reach US$ 2,905.07 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The South America Omega-3 Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Omega-3 Supplements Market report:
The South America Omega-3 Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Omega-3 Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Omega-3 Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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