Global Cod Liver Oil Market Report and Forecast 2024-2032

Global Cod Liver Oil Market Outlook

The global cod liver oil market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach a value of approximately USD 118.94 million by 2032.

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Increasing Consumption of Dietary Supplements to Bolster the Cod Liver Oil Industry Growth

Based on end use, the dietary supplements segment significantly contributes to the industry growth. The increasing demand for dietary supplements is significantly contributing to the growth of the market. Cod liver oil is also used as an ingredient for medicines in the pharmaceutical industry owing to its impressive nutrient profile. It is further available as capsules, and soft gels in the market, and its intake can prevent vitamin A and vitamin D deficiencies. While vitamin A is important for maintaining healthy eyes, brain function, and skin, vitamin D plays a vital role in maintaining healthy bones by regulating calcium absorption. Meanwhile, the product is also expected to witness an increased adoption in the cosmetics and personal care sector over the forecast period due to the growing demand for ingredients with anti-inflammatory and antioxidant properties.

Region-wise, Europe is one of the leading producers of cod liver oil. The region is also witnessing an increased consumption of the product due to the rising health concern among consumers and the increasing demand from the nutritional and nutraceutical sector.

Cod Liver Oil: Market Segmentation

Cod liver oil is a fish oil supplement extracted from the liver of cod fish. Cod liver oil for human consumption is characterised by mild flavour and pale and straw coloured appearance. It is a rich source of omega-3 fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) and it also contains vitamins A and D in higher concentrations as compared to other fish oils.

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Based on form, the market is divided into:

• Capsules
• Liquid
• Others

The various distribution channels of the product include:

• Supermarket and Hypermarket
• Convenience Store
• Drug Store
• Online
• Others

Based on end use, the industry can be categorised into:

• Dietary Supplements
• Pharmaceuticals
• Cosmetics and Personal Care
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Health Awareness Among Consumers to Boost the Demand for Cod Liver Oil

The rising health awareness among consumers is pushing the growth of the cod liver oil industry forward. As cod liver oil has wide nutritional content and its consumption can fulfil the daily requirements of vitamins A and D, it is being increasingly utilised as an ingredient in health supplements, infant formulas, and clinical nutrition. The market is further supported by the escalating disposable incomes and the rising number of private label brands, particularly in the developing nations. Over the forecast period, the growing investments by the manufacturers to enhance existing products and add new product lines are expected to significantly contribute to the market growth.

Key Industry Players in the Global Cod Liver Oil Market

The report gives a detailed analysis of the following key players in the global cod liver oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• NOW Health Group, Inc.
• Carlson Laboratories, Inc.
• Nordic Naturals
• Solgar Inc.
• WN Pharmaceuticals Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report