Cod Liver Oil

Cod Liver Oil

Global Cod Liver Oil Market to Reach US$116.3 Million by 2030

The global market for Cod Liver Oil estimated at US$87.3 Million in the year 2023, is expected to reach US$116.3 Million by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Cod Liver Oil Capsules, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$81.7 Million by the end of the analysis period. Growth in the Liquid Cod Liver Oil segment is estimated at 3.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$23.8 Million While China is Forecast to Grow at 7.8% CAGR

The Cod Liver Oil market in the U.S. is estimated at US$23.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.9 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Global Cod Liver Oil Market - Key Trends and Drivers Summarized

Cod liver oil has been recognized for its health benefits for centuries, traditionally consumed by populations in the Nordic regions to combat the vitamin deficiencies caused by long, sunless winters. This nutritional oil is derived from the liver of codfish, primarily harvested in the frigid waters of the North Atlantic. It is rich in omega-3 fatty acids, particularly EPA and DHA, which are known to support cardiovascular health, reduce inflammation, and may help lower the risk of chronic diseases such as arthritis and heart disease. Moreover, cod liver oil is a significant source of vitamins A and D, which are essential for maintaining healthy vision, immune function, and bone health. Unlike other fish oils that focus mainly on omega-3 fatty acids, cod liver oil`s high content of vitamins A and D sets it apart, offering additional health benefits, including supporting skin health and mitigating the effects of autoimmune diseases. The historical use of cod liver oil as a remedy for rickets and other deficiency-related conditions underscores its vital role in human health.

In modern times, the resurgence of cod liver oil`s popularity can be attributed to increased awareness of its health benefits, supported by contemporary scientific research. These studies have highlighted its effectiveness not only in traditional uses like bone health due to its Vitamin D content but also in new areas such as mental health, where omega-3 fatty acids are found to play a crucial role in cognitive function and depression prevention. The growing health-conscious consumer base, increasingly aware of the importance of dietary supplements, has turned to cod liver oil for its natural and holistic benefits. Furthermore, the oil`s anti-inflammatory properties make it a preferred supplement among those suffering from joint pain and stiffness associated with conditions like arthritis. As the global population ages, the demand for dietary supplements that can provide relief from age-related diseases and contribute to longevity is rapidly increasing, further bolstering the market for cod liver oil.

The growth in the cod liver oil market is driven by several factors, including significant advancements in extraction and purification technologies that enhance the safety and effectiveness of the oil. Modern processing techniques ensure that cod liver oil is free from environmental toxins such as mercury and PCBs, which are often a concern with seafood products. Additionally, improvements in encapsulation technologies have made cod liver oil supplements more appealing by minimizing the fishy aftertaste, a common complaint among consumers, and increasing the bioavailability of the oil’s nutrients. The market is also benefiting from the expanding global awareness of preventive healthcare measures and the shift towards natural and organic supplements over pharmaceutical alternatives. Marketing strategies that highlight the scientific backing of cod liver oil’s health benefits and its all-natural origin are effectively expanding its user base. Moreover, the ongoing innovation in supplement formulations, including combinations with other beneficial ingredients like vitamin E or other antioxidants, continues to attract health-savvy consumers looking for comprehensive wellness solutions. These technological, consumer, and industry dynamics collectively fuel the robust growth and sustainability of the cod liver oil market, making it a staple in the dietary supplement industry.

Select Competitors (Total 51 Featured) -

• Aterimar S.L
• Barlean`s Organic Oils LLC
• Blueline Foods India Pvt Ltd.
• Carlson Labs
• Garden of Life
• Green Pasture Products
• Health Aid Ltd.
• Lýsi hf
• Mason Vitamins, Inc.
• Natures Aid Ltd. (Thornton & Ross Ltd)
• Nature`s Answer (a division of Bio Answer Holdings Inc.)
• Nordic Naturals Inc.
• NOW Health Group, Inc.
• Orkla Health
• Seven Seas (The Procter & Gamble Company);

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.