NOW Health Group, Inc., Carlson Laboratories, Inc., Nordic Naturals, Solgar Inc., and WN Pharmaceuticals Ltd., among others, are the major players in the global cod liver oil market.
The global cod liver oil market is expected to grow at a CAGR of about 4% in the forecast period of 2021-2026 to reach a value of around USD 94 million by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing health awareness among customers.
The market is being positively driven by the growing consumption of dietary supplements and the increasing adoption of cod liver oil in pharmaceutical, cosmetics and personal care sectors. Furthermore, factors such as the rising disposable incomes, health benefits of cod liver oil, increasing health awareness, rising demand for cod liver oil in the retail sector, are all aiding the market growth of cod liver oil. In addition to this, the surging investments by the companies and the addition of new products are fuelling the market growth.
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The major players in the global cod liver oil market include NOW Health Group, Inc., and Solgar Inc. Solgar, Inc offers cod liver oil softgels that acts as a supplement of Vitamin A and D. These supplement pills support a strong immune system, promote a healthy vision for eyes, and contribute towards bone health. The oil formulation provided by the company has been molecularly distilled to eliminate contaminants. The growing demand for health supplements due to fast paced life in urban areas and increasing health problems is augmenting the market growth.
Headquarters: Illinois, United States
NOW Health Group Inc is an American pharmaceutical company that manufactures and distributes from its advanced manufacturing facility in Bloomingdale, Illinois, in over 60 countries. It has about 1,400 food, sports nutrition, dietary supplements, and personal care products, such as antioxidants, aromatherapy, nutritional oils, amino acids, bath and personal care, healthy foods, immune system support, minerals, and others. NOW Health Group, Inc employs about 1,211 people and had annual revenue of USD 435.9 million in 2020.
Headquarters: Illinois, United States
Carlson Laboratories Inc is a US-based supplier of nutritional supplements. The company provides over 200 unique products such as amino acids, antioxidants, cardiovascular health, chelated minerals, concentrated foods and nutrient singles, empty gelatine capsules, enzymes, and fish oil liquids. It launched the omega-3 market in North America by importing sustainable fish oils from Norway. Carlson Laboratories Inc had revenue of approximately USD 33 million in 2020, with the total strength of about 152 employees.
Headquarters: California, United States
Nordic Naturals is engaged in manufacturing animal oils, including fish oil and other marine animal oils, probiotics and vitamins and a global leader in omega-3 production. The company's products are non-GMO, dairy and gluten-free, and free from artificial flavours, colours, or preservatives. Nordic Naturals operates in over 35 countries globally with over 125 employees and generating about USD 30 million in 2020.
Headquarters: New Jersey, United States of America
Solgar Inc is an American company that specialises in the production of nutritional supplements. The company manufacturers and markets amino acids, proteins, herbs, minerals, vitamins, and other speciality products. The products offered by the company are vegan, non-GMO, gluten-free and dairy-free. It operates in over 60 countries and supplies more than 450 unique products.
Headquarters: British Columbia, Canada
WN Pharmaceuticals Ltd is a Canadian pharmaceutical company providing health supplements for vitamins, minerals, proteins and herbal remedies. The company's product line is Webber naturals®, MetaSlim®, Cold-A-Tak™, MultiSure®, and Sunkist® supplements, FemmeCalm ™ and MultiSure® multivitamins, and others. It has several scientists in the team who are constantly finding new solutions to address various health issues.
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