Canada Omega 3 Market Size & Outlook, 2023-2030
Canada omega 3 market, 2018-2030 (US$M)
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Canada omega 3 market highlights
- The Canada omega 3 market generated a revenue of USD 147.7 million in 2023 and is expected to reach USD 261.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.5% 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 147.7 million |
| Market revenue in 2030 | USD 261.8 million |
| Growth rate | 8.5% (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, Canada accounted for 5.6% 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 North America, U.S. omega 3 market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 261.8 million by 2030.
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Omega 3 Market Scope
Omega 3 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 54.84% in 2023. Horizon Databook has segmented the Canada 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.
In Canada, omega 3 is considered a heart-healthy fat, which helps in reducing the risk of heart diseases among consumers. According to statistics published in 2020 by the government, approximately 40% of Canadians are not consuming enough amount of omega 3 that may significantly increase the risk of heart diseases among them.
The study shows that the daily diet affects the risk of cardiovascular diseases among consumers. The Heart and Stroke Foundation recommends Canadians to consume at least two servings of fish a week as a part of a healthy diet. The growing requirement of omega 3 is expected to contribute to its demand from different end-use applications across the country.
Increasing consumer awareness regarding the health benefits offered by functional food products, along with the supportive regulatory environment and consumer demographics, in Canada favor the growth of omega 3 market in the country. The purchasing frequency of omega 3 margarine and omega 3 yogurts among consumers is growing at a fast pace, thereby fueling the demand for omega 3 across the country.
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Target buyers of Canada 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 country-level data and insights on the Canada omega 3 market , including forecasts for subscribers. This country databook contains high-level insights into Canada omega 3 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada omega 3 market size, by type, 2018-2030 (US$M)
Canada Omega 3 Market Outlook Share, 2023 & 2030 (US$M)
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