South and Central America Fish Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others), Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary S

South and Central America Fish Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others), Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others)

The South and Central America fish oil market 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. The global omega 3 market is growing and generated revenue of US$ 19.7 billion in 2019. Health experts across the world recommend significant daily dietary intake of omega-3 fatty acids, which has propelled the daily fish oil consumption among people. The industry has observed the swift increase in the consumption of omega-3 supplements in the past five years, with growing evidence supporting their role in preventing cardiovascular disease, depression, rheumatoid arthritis, and asthma, as well as in slowing cognitive decline. A 2020 Cochrane review of 86 randomized controlled trials published between 1968 and 2019 found that 0.5 g/day to more than 5 g/day LC omega-3s for 12 to 88 months in a total of 162,796 participants reduced serum triglyceride levels by about 15% and slightly decreased rates of cardiovascular mortality and coronary heart disease events.

The market for South and Central America Fish Oil Market is segmented into the species type, application and country. Based on species type, the South and Central America Fish Oil Market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, blue whiting the segment accounted for the largest market share and however sardine registered the highest CAGR during the forecast period. South and Central America fish oil market. Blue Whiting. A fish species of the cod family that is widespread and common in the northeast Atlantic. With the rising adoption of healthier lifestyle, the demand for fish oil is also expected to increase in the coming years. Blue whiting fish oil is a potential source of omega-3 fatty acids.

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. The governments in the region have taken various actions, such as lockdowns, trade bans, and travel restrictions, to protect their citizens and combat the spread of the novel coronavirus that causes COVID-19. This may impact the growth of the fish oil market.

The overall South and Central America fish oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the South and Central America fish oil market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South and Central America fish oil market. Mergers and acquisitions, and market initiatives are a few of the major activities undertaken by the companies, which have promoted the market growth. Companies operating in the market are TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, BASF SE, and PESQUERA EXALMAR S.A.A.

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