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South America Omega-3 Products Market - Growth, Trends, and Forecast (2020-2025)

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  • 90 Pages
  • May 2020
  • Mordor Intelligence
  • ID: 4703960
The South American omega-3 products market is projected to register a CAGR of 8.3%, during the forecast period (2020-2025).

Across the region, dietary supplements have been estimated to lead the market, on the other hand, omega-3 products across infant formula are expected to record a comparatively higher CAGR.

Brazil dominates the market, due to its high consumption of healthy food, as compared to other countries, followed by Argentina. With more well-informed consumers who want to improve their lifestyles, the whole South American region is primed for continual growth, citing the consumption of omega-3-based products.

Key Market Trends

Growing Demand for Omega-3 Products in Brazil

Across Brazil, people are mostly aware of the benefits of omega-3, pertaining to cardiovascular and brain health. Many international companies are introducing new algal-based EPA products or collaborating with Brazilian companies to launch algal-based EPA-fortified products and supplements in the Brazilian market.

The main source of omega-3 for the Brazilian population is fish, followed by fortified foods. The growing middle-class population allows for more disposable income, along with the spread of technology and growing education, which led to more knowledge about personal health. This increasing health concern in Brazil is driving the demand for omega-3 products, mostly in supplements and pharmaceutical drugs.

Consistent Demand for Healthy Foods, Specifically from the Emerging Nations

South American countries, such as Chile, are one of the topmost importers of the US "consumer-oriented products". The demand for healthy food products continues to grow, with increasing health awareness and disposable incomes. The US products are perceived to be of high quality, and safe, unique, and reliable. Hence, consumers are increasingly searching for gourmet and differentiated products, providing excellent opportunities for US exporters.

Across Chile, the emergence of millennial consumers having higher disposable incomes is a positive influencer for the omega 3 products to grow. These sets of consumers tend to buy less in terms of volume but are looking for high value-added products, such as fortified and functional food and beverages.

Competitive Landscape

Major players operating in the South American omega-3 products market are Nestle SA, Amway Corp., Unilever, GNC, and Herbalife, among others. Domestic companies are vying for their market share and are majorly engaged in the production of infant formula based products. This has led to low market visibility, however, the market is anticipated to witness an increasing rate of mergers and acquisitions, followed by product innovation, leading to higher competition among established players.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Product Type
5.1.1 Functional Food
5.1.2 Dietary Supplements
5.1.3 Infant Nutrition
5.1.4 Pet Food and Feed
5.1.5 Pharmaceuticals
5.2 By Distribution Channel
5.2.1 Grocery Retailers
5.2.2 Pharmacies and Drug Stores
5.2.3 Internet Retailing
5.2.4 Other Distribution Channels
5.3 By Geography
5.3.1 South America Brazil Argentina Chile Rest of South America
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Unilever
6.4.2 Amway Corp.
6.4.3 Herbalife Nutrition
6.4.4 Nestle SA
6.4.5 GNC
6.4.6 Reckitt Benckiser Group PLC

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Unilever
  • Amway Corp.
  • Herbalife Nutrition
  • Nestle SA
  • GNC
  • Reckitt Benckiser Group PLC