The Canadian fish liver oil production is forecasted to decline steadily from 37 metric tons in 2024 to 29 metric tons in 2028. This represents an average annual decrease of 5.98% over the five-year forecast period. Compared to 2023's production, which is unavailable in this data, the trend indicates a continual year-on-year decrease of about 5.41% in 2025, 5.71% in 2026, 6.06% in 2027, and 6.45% in 2028. These figures suggest a persistent downward trajectory in fish liver oil production through 2028.
Future trends to watch for:
- Variations in fish populations due to climate change and environmental policies.
- Market demand changes influenced by health trends and alternative supplements.
- Technological advancements in production efficiency and sustainability efforts.