South America Omega-3 Supplements Market

The omega-3 supplements market in South America is expected to grow from US$ 1,589.98 million in 2021 to US$ 2,905.07 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.

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.

 South America Omega-3 Supplements Market Revenue and Forecast to 2028 (US$ Million)  

South America Omega-3 Supplements Market Segmentation

South America Omega-3 Supplements Market – By

Form

• Capsules
• Soft Gels
• Others

South America Omega-3 Supplements Market – By Source

• Fish Oil
• Krill Oil
• Algae Oil
• Others

South America Omega-3 Supplements Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others

South America Omega-3 Supplements Market – By

Country

• Brazil
• Argentina
• Rest of SAM

South America Omega-3 Supplements Market – Companies Mentioned

• Church & Dwight, Inc.                                  
• NOW Foods                                          
• Nordic Naturals                                    
• Reckitt Benckiser Group plc.           
• Pharma Nord B.V.                                    
• Epion Brands                                                                                   

South America Omega-3 Supplements Strategic Insights

Strategic insights for the South America Omega-3 Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Omega-3 Supplements Report Scope

South America Omega-3 Supplements Regional Insights

The geographic scope of the South America Omega-3 Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.