Australia Omega 3 Supplements Market Size & Outlook
Australia omega 3 supplements market, 2018-2030 (US$M)
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Australia omega 3 supplements market highlights
- The Australia omega 3 supplements market generated a revenue of USD 111.7 million in 2023 and is expected to reach USD 225.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, fish oil was the largest revenue generating source in 2023.
- Krill Oil is the most lucrative source segment registering the fastest growth during the forecast period.
Omega 3 supplements market data book summary
| Market revenue in 2023 | USD 111.7 million |
| Market revenue in 2030 | USD 225.1 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Fish oil |
| Fastest growing segment | Krill Oil |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fish Oil, Krill Oil, Algal Oil |
| Key market players worldwide | Nordic Naturals, Reckitt Benckiser Group PLC, Otsuka Pharmaceutical, NOW Foods, GlaxoSmithKline, Glanbia PLC, Bionova Scientific, Nestle SA, Dermapharm Holding SE Bearer Shares |
Other key industry trends
- In terms of revenue, Australia accounted for 1.6% of the global omega 3 supplements 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 supplements 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 879.1 million by 2030.
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Omega 3 Supplements Market Scope
Omega 3 Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia omega 3 supplements 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 supplements market will help companies and investors design strategic landscapes.
Fish oil was the largest segment with a revenue share of 57.83% in 2023. Horizon Databook has segmented the Australia omega 3 supplements market based on fish oil, krill oil, algal oil covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is being considered as lucrative markets for the distribution of omega 3 supplements. The market in these countries is characterized by the presence of a sizable number of health-conscious consumers.
Innovation is soaring in the country in terms of product offerings in omega 3 supplement space with prominent market players rolling out products with enhanced immunity claims. Australia presents a high-growth market for nutraceutical products owing to the country’s burgeoning population, rising disposable income, and transition towards healthier diets & lifestyles to combat rising instances of epidemics and diseases.
With the need to increase food security and the enormity of the epidemic, understanding the demand for omega 3 supplements becomes a vital task.
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Target buyers of Australia omega 3 supplements market databook
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Our clientele includes a mix of omega 3 supplements 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 Australia omega 3 supplements market , including forecasts for subscribers. This country databook contains high-level insights into Australia omega 3 supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia omega 3 supplements market size, by source, 2018-2030 (US$M)
Australia Omega 3 Supplements Market Outlook Share, 2023 & 2030 (US$M)
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