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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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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 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:
The various distribution channels of the product include:
Based on end use, the industry can be categorised into:
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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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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Form |
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Breakup by Distribution Channel |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for cod liver oil is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 118.94 million by 2032.
The major drivers of the market include rising disposable incomes, health benefits of cod liver oil, increasing health awareness, and growing retail sector.
The key market trends guiding the growth of the market include the new product launches, diversification in product portfolio by major players, and rising demand for cod liver oil in the cosmetics industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major forms of cod liver oil in the market are capsules and liquid, among others.
The major distribution channels in the market are supermarket and hypermarket, convenience store, drug store, and online, among others.
The significant end uses in the market are dietary supplements, pharmaceuticals, and cosmetics and personal care, among others.
The major players in the global cod liver oil market are NOW Health Group, Inc., Carlson Laboratories, Inc., Nordic Naturals, Solgar Inc., and WN Pharmaceuticals Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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