South and Central America Fish Oil Market

South and Central America fish oil market in South and Central America is expected to grow from US$ 208.28 million in 2021 to US$ 286.36 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

Demand for fish oil is increasing in the cosmetic industry, wherein it is used in cream and ointments, among others. It is used in the production of emollients or general ointments for external use, and body art procedures for insulation against cold temperatures. At present, the most generally available dietary source of the Eicosapentaenoic (EPA) and Docosahexaenoic (DHA) is cold-water oily fishes, such as salmon, herring, mackerel, anchovies, and sardines. Oils extracted from these fish have around seven times more omega-3 oils than the oil from other fish species. The rising importance of improving immunity during the COVID-19 pandemic is further contributing to the fish oil market growth. Sedentary lifestyles, work-from-home culture, and low physical activity levels, particularly between the age group of 30–40 are expected to boost the demand for fish oil in the coming years. In addition, increasing consumer willingness to spend more on healthcare and wellbeing is further supporting the fish oil market growth.

Brazil has been ranked the third-most affected economy due to the COVID-19 pandemic regionally. In South and Central America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile, among others. The governments in South and Central America have taken various actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may impact the growth of the fish oil 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 and Central America fish oil market. The South and Central America fish oil market is expected to grow at a good CAGR during the forecast period.

South and Central America Fish Oil Market Revenue and Forecast to 2028(US$ Million)

South and Central America Fish Oil Market Segmentation

By Species Type

• Blue Whiting
• Anchoveta
• Sardine
• Capelin
• Others

By End User

• Pharmaceuticals
• Animal Nutrition and Pet Food
• Aquaculture
• Dietary Supplements
• Others

By Country

• South and Central America
• Brazil
• Argentina
• Rest of South and Central America

Companies Mentioned -

• TRIPLENINE                
• FF SKAGEN A/S           
• DSM                            
• CRODA INTERNATIONAL PLC    
• BASF SE
• PESQUERA EXALMAR S.A.A.

South and Central America Fish Oil Strategic Insights

Strategic insights for the South and Central America Fish Oil 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 and Central America Fish Oil Report Scope

South and Central America Fish Oil Regional Insights

The geographic scope of the South and Central America Fish Oil 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.