The import volume of fish body oil in Canada is forecasted to increase steadily from 57.54 thousand metric tons in 2024 to 61.93 thousand metric tons by 2028. Given that in 2023 the actual import volume stood below 57.54 thousand metric tons, this represents a consistent upward trend. The forecasted year-on-year growth rates suggest a stable annual increase and a Compound Annual Growth Rate (CAGR) indicating sustained demand across the five-year period.
Future trends to watch for:
- Changes in Canada's dietary trends and health consciousness, which could influence demand for fish body oils.
- Fluctuations in global fish oil supply due to environmental and regulatory factors.
- The impact of alternative supplements on fish body oil imports.
