Latin America Omega 3 Market Size & Outlook, 2024-2030
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Latin America omega 3 market highlights
- The Latin America omega 3 market generated a revenue of USD 197.3 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, docosahexaenoic acid (dha) was the largest revenue generating type in 2023.
- DPA is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 197.3 million |
| Market revenue in 2030 | USD 341.3 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Docosahexaenoic acid (dha) |
| Fastest growing segment | DPA |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-linolenic acid (ALA), DPA |
| Key market players worldwide | Orkla ASA, Basf SE, Omega Laboratories, Lonza Group Ltd, Croda International PLC, Austevoll Seafood ASA, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global omega 3 market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,346.8 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Austevoll Seafood ASA | View profile | 7022 | Alfabygget, Storebo, Norway, 5392 | https://www.auss.no |
| Orkla ASA | View profile | 19671 | Drammensveien 149, Oslo, Norway, NO-0277 | https://www.orkla.no |
| Omega Laboratories | View profile | 101-250 | Mogadore, Ohio, United States, North America | https://www.omegalaboratories.com/ |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Lonza Group Ltd | View profile | 18000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | https://www.lonza.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Latin America omega 3 market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to omega 3 market will help companies and investors design strategic landscapes.
Docosahexaenoic acid (dha) was the largest segment with a revenue share of 54.94% in 2023. Horizon Databook has segmented the Latin America omega 3 market based on docosahexaenoic acid (dha), eicosapentaenoic acid (epa), alpha-linolenic acid (ala), dpa covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for omega 3-based products in Central & South America is driven by countries such as Chile, Argentina, Peru, and Brazil, which have invested extensively in the procurement of trawlers and the development of manufacturing facilities.
Omega 3 market in this region is projected to grow rapidly over the forecast period owing to the rising number of new products being launched in the dietary supplements, functional food, pharmaceuticals, and fortified food & beverage industries.
Surging demand for pharmaceuticals in Central & South America that can be attributed to consumer’s rising income levels, which leads to increasing demand for improved medicines for the aging population, is expected to contribute to the growth of omega 3 market in the region in the coming years.
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Target buyers of Latin America omega 3 market databook
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Our clientele includes a mix of omega 3 market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America omega 3 market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America omega 3 market size, by country, 2018-2030 (US$M)
Latin America Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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