Australia Omega 3 Market Size & Outlook, 2023-2030
Australia omega 3 market, 2018-2030 (US$M)
Related Markets
Australia omega 3 market highlights
- The Australia omega 3 market generated a revenue of USD 54.6 million in 2023 and is expected to reach USD 101.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.3% 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.
Omega 3 market data book summary
| Market revenue in 2023 | USD 54.6 million |
| Market revenue in 2030 | USD 101.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Docosahexaenoic acid (dha) |
| Fastest growing segment | DPA |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.1% of the global omega 3 market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China omega 3 market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 214.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 54.21% in 2023. Horizon Databook has segmented the Australia 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 is expected to rise in Australia over the forecast period owing to the augmenting consumption of it in the functional food and supplements industry of the country. The Government of Australia advises the consumption of omega 3 supplements to pregnant women who lack the same as it helps in minimizing the risk of premature baby birth.
Pregnant women in the country are advised to consume omega 3 supplements with 100 mg of eicosapentaenoic acid (EPA) and 800 mg of docosahexaenoic acid (DHA) daily to reduce the potential risks to the mother and the unborn baby. The increasing consumption of omega 3 supplements in Australia is expected to contribute to the growth of the market for it in the country over the forecast period.
Reasons to subscribe to Australia omega 3 market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia omega 3 market databook
-
Our clientele includes a mix of omega 3 market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Australia omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Australia omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia omega 3 market size, by type, 2018-2030 (US$M)
Australia Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
