Cod Liver Oil Market Trends, Growth Rate, and Future Outlook 2023-2028

The “Cod Liver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report by IMARC Group offers a detailed analysis of the industry, including Cod Liver Oil Market, size, trends, and business forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Cod Liver Oil Market?

The global cod liver oil market size reached US$ 84.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 125.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

What is Cod Liver Oil?

Cod liver oil is a nutrient-rich oil extracted from the liver of codfish. It is a popular supplement that has been used for centuries due to its high levels of omega-3 fatty acids, vitamins A and D, and other important nutrients. Omega-3 fatty acid is essential fatty acids that the human body cannot produce on its own and must be obtained through the diet. It is required for maintaining heart health, reducing inflammation, and improving brain function. Vitamins A and D are essential nutrients that are important in maintaining overall health, such as vision, immune function, skin health, bone health, and immune function. Additionally, it is available in liquid or capsule form and can be taken as a dietary supplement.

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What are the Growth Prospects and Trends in the Cod Liver Oil Market?

The rising health consciousness among consumers majorly drives the global market. This can be supported by the growing demand for cod liver oil due to the rising prevalence of chronic diseases, as it is known to be effective in treating several medical conditions. Along with this, the escalating demand for omega-3 supplements, which can help to improve brain function, is also significantly supporting the market. In addition, the increasing number of government initiatives to promote the use of sustainably-sourced cod liver oil products are contributing to the demand. Moreover, the introduction of flavored cod liver oil, such as lemon and green apple is creating a positive market outlook. Some of the other factors driving the market include rising consumer spending power and the wide availability of products through e-commerce platforms.

Who are the key Players Operating in the Industry?

  • Carlson Laboratories Inc
  • Country Life LLC (Kikkoman Corporation)
  • LYSI hf.
  • Mason Vitamins
  • Natures Aid Ltd. (Thornton & Ross Ltd)
  • Nordic Naturals Inc.
  • Norwegian Fish Oil AS
  • NOW Foods
  • OLVEA Fish Oils (Groupe OLVEA)
  • Orkla ASA
  • Solgar Inc. (Nestle S.A.)
  • WN Pharmaceuticals Ltd.

What is included in Market Segmentation?

The report has segmented the market into the following categories:

Form Insights:

  • Capsules
  • Liquid
  • Others

Distribution Channel Insights:

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

End Use Insights:

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

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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