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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

Global Cod Liver Oil Market

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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.

Global Cod Liver Oil Market By Form

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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.

Global Cod Liver Oil Market By Region

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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

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:

  • Form
  • Distribution Channel
  • End Use
  • Region
Breakup by Form
  • Capsules
  • Liquid
  • Others
Breakup by Distribution Channel
  • Supermarket and Hypermarket
  • Convenience Store
  • Drug Store
  • Online
  • Others
Breakup by End Use
  • Dietary Supplements
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • NOW Health Group, Inc.
  • Carlson Laboratories, Inc.
  • Nordic Naturals
  • Solgar Inc.
  • WN Pharmaceuticals Ltd.
  • Others
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*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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Key Questions Answered in the Report

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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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124