Cod Fish Oil Market By Form (Capsule, Liquid, Others), By Source (Atlantic cod, Arctic cod, Pacific cod, Greenland cod), By Application (Dietary supplements, Pharmaceutical, Nutraceuticals, Personal care and cosmetic): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global cod fish oil market was valued at $432.4 million in 2021, and is projected to reach $1,103.8 million by 2031, registering a CAGR of 10.0% from 2022 to 2031. Cod fish oil is extracted from the liver of cod fish. Cod fish oil contains omega-3 fatty acid eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), as well as vitamin A and vitamin D. Omega 3 fatty acid, helps to reduce the risk of cardiovascular diseases & heart diseases and is also helpful in fighting with chronic diseases. Moreover, Vitamin A and vitamin D meet the nutrition level in human beings. Cod fish oil can be used as a cosmetics product, owing to its rich source of omega-3 fatty acids, cod liver oil is an excellent way to reduce wrinkles and acne. Furthermore, cod fish oil provides essential nutrients, moisture, and other benefits, which make skin healthy, beautiful, and nourished. The growth in awareness among medical professionals and the public about the importance of cod liver oil has led to a significant increase in fish oil consumption. Therefore, the companies have expanded their dietary supplement and pharmaceutical product lines. The rise in demand for omega-3 fatty acids, Vitamin A, and Vitamin D in human nutrition fosters the growth of the cod fish oil market.
Moreover, consumption is significantly increasing owing to its numerous health benefits. In addition, cod liver oil is prescribed by doctors to treat chronic diseases, cancer, and cardiovascular diseases. Furthermore, it helps to reduce anxiety, brain-related diseases, reduce inflammation, joint pain, and eye diseases. Hence, the demand for nutrition in human being drives the growth of the cod fish oil market.
Furthermore, the rise in health consciousness among people has led to increasing in the consumption of cod fish oil supplement products. Adequate dosages of supplements keep people healthy. Moreover, cod liver oil is also used for medicine, which increases the demand for cod fish oil in pharmaceutical products. The price fluctuations and market penetration of substitute products, such as vegetable proteins and other animals are anticipated to hamper the growth of the cod fish oil market. Moreover, the price fluctuations and market penetration of substitute products, such as vegetable proteins and other animals are anticipated to hamper the growth of the cod fish oil market.
The cod fish oil market is segmented into form, source, application, and region. By form, the market is categorized into capsules, liquid, and other forms. By source, it is classified into Atlantic cod, arctic cod, and pacific cod. By application, it is fragmented into dietary supplements, pharmaceuticals, nutraceuticals, and personal care & cosmetics. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Denmark, Norway, Belgium, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
By source, the Atlantic cod segment was the highest revenue contributor to the market, with $162.3 million in 2021, and is estimated to reach $405.7 million by 2031, with a CAGR of 9.8%. Cod liver oil is Atlantic cod and is one of the most heavily fished species. Atlantic cod liver is an excellent source of omega-3 fatty acids, vitamin A, vitamin D, and vitamin E. Atlantic cod is the largest consumer of cod fish in the world. Owing to its medical benefits, the consumption will foster the growth of the Atlantic cod.
By application, the dietary supplements segment was the highest revenue contributor to the market 2021. The increasing prevalence of chronic diseases leads to the rising consumption of cod fish oil supplements worldwide.
The key players operating in the cod fish oil industry include BARLEAN’S ORGANIC OILS, LLC, BLUELINE FOODS INDIA PVT. LTD, CARLSON LABS, LYSI HF, NESTLE S.A, NORDIC NATURALS INC, NOW HEALTH GROUP, INC, OLVEA GROUP, THE PROCTER & GAMBLE COMPANY, and WN PHARMACEUTICALS.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cod fish oil market analysis from 2021 to 2031 to identify the prevailing cod fish oil market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cod fish oil market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cod fish oil market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Form
Capsule
Liquid
Others
By Source
Atlantic cod
Arctic cod
Pacific cod
Greenland cod
By Application
Pharmaceutical
Nutraceuticals
Personal care and cosmetic
Dietary supplements
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Denmark
Norway
Belgium
Rest of Europe
Asia-Pacific
China
Japan
India
Vietnam
Indonesia
Rest of Asia-Pacific
LAMEA
Latin America,
Middle East
Africa
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