According to IMARC Group’s latest research report, titled “Cod Liver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the cod liver oil market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global cod liver oil market size reached US$ 90.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 152.0 Million by 2032, exhibiting a growth rate (CAGR) of 5.98% during 2024-2032.
Cod Liver Oil Market Overview:
Cod liver oil refers to a nutritional supplement derived from the liver of codfish. It encompasses omega-3 fatty acids, vitamin A, and vitamin D, making it a sought-after product for its health-enhancing properties. It is available in liquid form or as capsules. Its oil varies in terms of its flavor, color, and nutrient content, depending on the species of the cod and the processing methods employed. Fundamental aspects of cod liver oil revolve around its composition, source of extraction, and purity levels. A significant advantage of consuming cod liver oil is its potential to support cardiovascular health, enhance the immune system, and promote bone health, thanks to its potent blend of vitamins and fatty acids. Moreover, its anti-inflammatory properties have been recognized to provide relief in conditions, such as arthritis, making it a valuable addition to daily health regimens.
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Cod Liver Oil Market Trends:
The global cod liver oil market is majorly driven by the increasing global awareness of the health benefits associated with cod liver oil consumption. Along with this, the escalating demand for natural and organic health supplements, in tandem with rising health consciousness, propels the market forward. Additionally, scientific research validating the therapeutic properties of cod liver oil has bolstered its adoption in preventive healthcare. Current trends indicate a rise in the demand for fortified food and beverages, leading manufacturers to incorporate cod liver oil as a key ingredient. Moreover, advancements in extraction and refining processes, ensuring higher purity and potency, are attracting health-conscious consumers. Apart from this, the inclination for sustainable fishing practices and certifications also plays a pivotal role in shaping consumer preferences.
Competitive Landscape with Key Players:
- 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.
Key Market Segmentation:
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.
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