IND: (+91) 949418 5556
sales@envisioninteligence.com
- Home
- Industry Reports
- Food And Beverages
- Ingredients
- South America Algae Omega-3 Ingredients MarketForecast (2023 – 2030)
South America Algae Omega-3 Ingredients Market Size & Growth:
The South America Algae Omega-3 Ingredients market was valued at $31.6 Million in 2021 and is expected to reach $XX Million by 2029, growing at a CAGR of around XX% during the forecast period. The South America algae omega-3 ingredients market is mainly attributed to the factors such as the mounting wave of veganism and the rising number of consumers shifting to vegetarian diets. The South America is dynamic and highly fragmented, with numerous small and domestic players occupying the major chunk of the South America market share. The food & beverage industry has been undergoing health-driven transformations, increasing consumer awareness about health-benefit diets.
The future Omega-3 markets will need new sources to meet the increasing demand from the food and pharma industry. Algae, a vegetarian source, provides much higher levels of Omega-3 FAs and does not contain contaminants such as mercury, PCBs and dioxins that could be found in marine sourced fish oils. Due to this reason, algae oils are only permitted in the USA’s DHA fortification of infant formula. Moreover, algae offer year-round cultivation and can provide predictable yields.
COVID-19 Impact on Algae Omega-3 Ingredients Market:
The COVID-19 pandemic in 2020 has garnered South America attention for nearly a year. During the pandemic, much has been said about vitamin D and zinc, but a major nutrient largely overlooked is the omega-3 fatty acids EPA and DHA. Found mostly in oily fish like salmon, albacore tuna, sardines and herring—as well as dietary supplements (fish oil, krill oil, algal oils)—these fatty acids may also play a potential role in the fight against COVID-19. The pandemic has steered the customers’ attention toward nutritious food with health benefits for their infants to curb the virus. This has prompted the rise in the use of algae omega-3 ingredients in infant products to support healthy well-being. The impact of COVID-19 resulted in the generation of opportunities for manufacturers of health-oriented products, especially dietary supplements. In May 2021, a recent study revealed that COVID-19 patients with a higher omega-3 index had a lower risk of death due to COVID-19.
South America Algae Omega-3 Ingredients Market Segments Share:
The South America Algae Omega-3 Ingredients market is segregated on the basis of product type, application and geography. By product type, EPA held the largest market share and is estimated to hold the same during the forecast period. Eicosapentaenoic acid (EPA) is a long-chain omega-3 fatty acid found in plants and animals. EPA are essential fatty acid for brain function and human growth and development. EPA fatty acid consumption lowers the risk of chronic diseases such as cancer, heart disease, and arthritis. EPA has used an essential compound that is used in the treatment of depression and protection against thrombosis.
By application, the dietary supplements segment is projected to witness robust CAGR during the forecast period. Dietary Supplements are products like vitamins, minerals, herbs, amino acids, enzymes, and others that are added to a diet to complete dietary needs or to make up for a nutrition deficiency. Dietary supplements dosage forms include pills, capsules, powders, drinks, energy bars, and others. Supplement use can also be considered complementary or alternative medicine. Rapid urbanization and growing disposable income worldwide is driving the demand for products that can cover the nutritional deficit at higher convenience. The rising interest of millennials in building health through a healthy diet and the growing prevalence of diseases is expected to increase the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.
Based on geography, the market is categorized into Brazil, Argentina, Chile, Colombia, and Others. In South America, Brazil holds the largest market share for nutraceuticals, and the demand for omega-3 dietary supplements continues to grow strongly. The rising health concerns among consumers are one of the major drivers boosting the demand for algae omega-3 supplements and drugs. Consumers are mostly aware of the benefits of omega-3 for cardiovascular and brain health in Brazil. Several key players are launching new algae-based EPA products or entering into agreements with Brazilian companies to launch algae-based EPA fortified products and supplements in the country. Global companies, such as TerraVia, Bunge, Solazyme, Polaris AlgaPrime and Altech, have understood the market potential of Brazil in the algal EPA industry and are working on projects in Brazil to deliver high-quality algae-based ingredients/food/feed/supplements.
South America Algae Omega-3 Ingredients Market Trends:
- In March 2022, Neptune Wellness Solutions Inc. announced the launch of Forest Remedies Multi Omega 3-6-9, a line of innovative supplements made with Ahiflower oil, in Sprouts Farmers Market stores nationwide.
- In 2019, ADM unveiled a new line of Onavita™ Algal DHA and Almega™ EPA blends available via a collaboration with Qualitas Health, a leader in algae cultivation. ADM is offering three different EPA/DHA blends containing omega-3, 6 and 9, which offer benefits that can help support cognitive, heart, immune system or eye health.
South America Algae Omega-3 Ingredients Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and South America diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Archer Daniels Midland Company
- Koninklijke DSM NV
- Corbion N.V.
- BASF SE
- Neptune Wellness Solutions, Inc.
Along with these companies, there were many other companies considered/ cited in the report while analyzing the Algae Omega-3 Ingredients market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Health benefits associated with algae-based omega-3 ingredients
4.1.2. Proliferation of the dietary supplements industry
4.1.3. Continuous research & development in food & feed industry
4.2. Market Restraints & Challenges
4.2.1. Availability of alternative sources of omega-3 ingredients
4.2.2. Inconsistent guidelines, fluctuating costs & slow approval processes
4.2.3. COVID-19 Impact
4.3. Market Opportunities
4.3.1. Growing trend of personalized nutrition
4.3.2. Demand for algae-based products in infant nutrition
4.3.4. Emergence of clean label products
CHAPTER 5 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY PRODUCT TYPE
5.1. Eicosapentanoic Acid (EPA)
5.2. Docosahexaenoic Acid (DHA)
5.3. EPA & DHA
CHAPTER 6 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY APPLICATION
6.1. Food & Beverages
6.2. Dietary Supplements
6.3. Animal Nutrition
6.4. Pharmaceuticals
CHAPTER 7 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY GEOGRAPHY
7.1. Introduction
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Chile
7.2.4. Colombia
7.2.5. Others
CHAPTER 8 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – COMPANY PROFILES
8.1. Archer Daniels Midland Company
8.2. Koninklijke DSM NV
8.3. Corbion N.V.
8.4. BASF SE
8.5. Neptune Wellness Solutions, Inc.
CHAPTER 9 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – COMPETITIVE LANDSCAPE
9.1. Market Share Analysis
9.2. Strategies adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 10 MARKET INSIGHTS
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
CHAPTER 11 APPENDIX
11.1. List of Tables
11.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
Regional Report
$2,160.00 – $7,200.00
- EUR: €2,038.89 - €6,796.30
- INR: ₹179,455.96 - ₹598,186.52
- AED: د.إ7,927.20 - د.إ26,424.00
- GBP: £1,762.78 - £5,875.94
Description
Regional Reports
Additional information
| Report Type | Extensive Report, Miniature report, Snapshot Report |
|---|---|
| Licence | Single User License, Team License, Corporate License |
South America Algae Omega-3 Ingredients Market Size & Growth:
The South America Algae Omega-3 Ingredients market was valued at $31.6 Million in 2021 and is expected to reach $XX Million by 2029, growing at a CAGR of around XX% during the forecast period. The South America algae omega-3 ingredients market is mainly attributed to the factors such as the mounting wave of veganism and the rising number of consumers shifting to vegetarian diets. The South America is dynamic and highly fragmented, with numerous small and domestic players occupying the major chunk of the South America market share. The food & beverage industry has been undergoing health-driven transformations, increasing consumer awareness about health-benefit diets.
The future Omega-3 markets will need new sources to meet the increasing demand from the food and pharma industry. Algae, a vegetarian source, provides much higher levels of Omega-3 FAs and does not contain contaminants such as mercury, PCBs and dioxins that could be found in marine sourced fish oils. Due to this reason, algae oils are only permitted in the USA’s DHA fortification of infant formula. Moreover, algae offer year-round cultivation and can provide predictable yields.
COVID-19 Impact on Algae Omega-3 Ingredients Market:
The COVID-19 pandemic in 2020 has garnered South America attention for nearly a year. During the pandemic, much has been said about vitamin D and zinc, but a major nutrient largely overlooked is the omega-3 fatty acids EPA and DHA. Found mostly in oily fish like salmon, albacore tuna, sardines and herring—as well as dietary supplements (fish oil, krill oil, algal oils)—these fatty acids may also play a potential role in the fight against COVID-19. The pandemic has steered the customers’ attention toward nutritious food with health benefits for their infants to curb the virus. This has prompted the rise in the use of algae omega-3 ingredients in infant products to support healthy well-being. The impact of COVID-19 resulted in the generation of opportunities for manufacturers of health-oriented products, especially dietary supplements. In May 2021, a recent study revealed that COVID-19 patients with a higher omega-3 index had a lower risk of death due to COVID-19.
South America Algae Omega-3 Ingredients Market Segments Share:
The South America Algae Omega-3 Ingredients market is segregated on the basis of product type, application and geography. By product type, EPA held the largest market share and is estimated to hold the same during the forecast period. Eicosapentaenoic acid (EPA) is a long-chain omega-3 fatty acid found in plants and animals. EPA are essential fatty acid for brain function and human growth and development. EPA fatty acid consumption lowers the risk of chronic diseases such as cancer, heart disease, and arthritis. EPA has used an essential compound that is used in the treatment of depression and protection against thrombosis.
By application, the dietary supplements segment is projected to witness robust CAGR during the forecast period. Dietary Supplements are products like vitamins, minerals, herbs, amino acids, enzymes, and others that are added to a diet to complete dietary needs or to make up for a nutrition deficiency. Dietary supplements dosage forms include pills, capsules, powders, drinks, energy bars, and others. Supplement use can also be considered complementary or alternative medicine. Rapid urbanization and growing disposable income worldwide is driving the demand for products that can cover the nutritional deficit at higher convenience. The rising interest of millennials in building health through a healthy diet and the growing prevalence of diseases is expected to increase the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.
Based on geography, the market is categorized into Brazil, Argentina, Chile, Colombia, and Others. In South America, Brazil holds the largest market share for nutraceuticals, and the demand for omega-3 dietary supplements continues to grow strongly. The rising health concerns among consumers are one of the major drivers boosting the demand for algae omega-3 supplements and drugs. Consumers are mostly aware of the benefits of omega-3 for cardiovascular and brain health in Brazil. Several key players are launching new algae-based EPA products or entering into agreements with Brazilian companies to launch algae-based EPA fortified products and supplements in the country. Global companies, such as TerraVia, Bunge, Solazyme, Polaris AlgaPrime and Altech, have understood the market potential of Brazil in the algal EPA industry and are working on projects in Brazil to deliver high-quality algae-based ingredients/food/feed/supplements.
South America Algae Omega-3 Ingredients Market Trends:
- In March 2022, Neptune Wellness Solutions Inc. announced the launch of Forest Remedies Multi Omega 3-6-9, a line of innovative supplements made with Ahiflower oil, in Sprouts Farmers Market stores nationwide.
- In 2019, ADM unveiled a new line of Onavita™ Algal DHA and Almega™ EPA blends available via a collaboration with Qualitas Health, a leader in algae cultivation. ADM is offering three different EPA/DHA blends containing omega-3, 6 and 9, which offer benefits that can help support cognitive, heart, immune system or eye health.
South America Algae Omega-3 Ingredients Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and South America diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Archer Daniels Midland Company
- Koninklijke DSM NV
- Corbion N.V.
- BASF SE
- Neptune Wellness Solutions, Inc.
Along with these companies, there were many other companies considered/ cited in the report while analyzing the Algae Omega-3 Ingredients market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Health benefits associated with algae-based omega-3 ingredients
4.1.2. Proliferation of the dietary supplements industry
4.1.3. Continuous research & development in food & feed industry
4.2. Market Restraints & Challenges
4.2.1. Availability of alternative sources of omega-3 ingredients
4.2.2. Inconsistent guidelines, fluctuating costs & slow approval processes
4.2.3. COVID-19 Impact
4.3. Market Opportunities
4.3.1. Growing trend of personalized nutrition
4.3.2. Demand for algae-based products in infant nutrition
4.3.4. Emergence of clean label products
CHAPTER 5 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY PRODUCT TYPE
5.1. Eicosapentanoic Acid (EPA)
5.2. Docosahexaenoic Acid (DHA)
5.3. EPA & DHA
CHAPTER 6 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY APPLICATION
6.1. Food & Beverages
6.2. Dietary Supplements
6.3. Animal Nutrition
6.4. Pharmaceuticals
CHAPTER 7 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – BY GEOGRAPHY
7.1. Introduction
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Chile
7.2.4. Colombia
7.2.5. Others
CHAPTER 8 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – COMPANY PROFILES
8.1. Archer Daniels Midland Company
8.2. Koninklijke DSM NV
8.3. Corbion N.V.
8.4. BASF SE
8.5. Neptune Wellness Solutions, Inc.
CHAPTER 9 SOUTH AMERICA ALGAE OMEGA-3 INGREDIENTS MARKET – COMPETITIVE LANDSCAPE
9.1. Market Share Analysis
9.2. Strategies adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 10 MARKET INSIGHTS
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
CHAPTER 11 APPENDIX
11.1. List of Tables
11.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
Our Clientele
Exclusive Benefits
Credibility and Transparency
We actively recruit consumers, business professionals, and hard-to-reach individuals as members of our research panels, and we build trusted, ongoing relationships with them. Thus we provide the complete list of primary and secondary data sources in the report to maintain the transparency and to assure the credibility.
Exhaustive Coverage
Detailed and extensive coverage in the geography.Survey consultation for brand tracking, concept testing, consumer behaviour, and more, we have you covered with market research services that scale to meet your needs.
Competitive Edge
Our reports cover most recent updates in the market till the date of the purchase. We identify, gather and timely deliver analysis on impact of unprecedented decisions of CXOs in COVID-19 catastrophe on many businesses, their clients and their clients' clients without additional cost.
Golden Opportunities
A comprehensive strategic sieve analysis of the market by our analysts and consultants, aided by AI tools helps us find the non-obvious, golden and emerging opportunities for you to evaluate.
Top-notch Reports Guaranteed
70% of our research is exclusive; no other research firm has the depth and breadth of our research.
Post Purchase Support
Post-purchase support is provided for all our reports, for three months from the date of purchase, where related queries will be answered within 24 business hours over telephone or email.
Related Products
