Global Cod Liver Oil Market Size, Share & Trends Analysis Report By Source (Atlantic, Arctic, and Others), By Application, By Form (Soft Gels, Capsules & Tablets, and Liquid), By Regional Outlook and Forecast, 2024 - 2031

Global Cod Liver Oil Market Size, Share & Trends Analysis Report By Source (Atlantic, Arctic, and Others), By Application, By Form (Soft Gels, Capsules & Tablets, and Liquid), By Regional Outlook and Forecast, 2024 - 2031


The Global Cod Liver Oil Market size is expected to reach $182.7 million by 2031, rising at a market growth of 9.3% CAGR during the forecast period.

Pharmaceutical companies are continuously researching and developing new formulations and products to address various health conditions. Cod liver oil has been recognized for its potential health benefits. According to the International Trade Administration (ITA), China’s pharmaceutical sector has been constantly growing and is expected to reach $161.8 billion by 2023, taking about 30% of the global industry share. Hence, Pharmaceuticals segment would capture more than 1/5th revenue share in the market by the year 2031. Pharmaceutical companies have established distribution networks and market access channels that reach healthcare professionals, pharmacies, hospitals, and other healthcare institutions worldwide. By incorporating cod liver oil into their product portfolios, these companies can leverage their existing distribution infrastructure.

Consumers are becoming increasingly health-conscious and seeking natural and holistic approaches to maintaining their well-being. Natural supplements like cod liver oil are perceived as healthier alternatives to synthetic or processed supplements, aligning with consumers’ preferences for clean-label products. Thus, the rising demand for natural supplements drives the market’s growth.

Additionally, as individuals age, they become more susceptible to various health concerns such as cardiovascular diseases, arthritis, osteoporosis, and cognitive decline. Healthcare professionals often recommend cod liver oil for its potential benefits in managing these age-related conditions, including supporting heart health, reducing inflammation in joints, improving bone density, and maintaining cognitive function. In conclusion, the senior population’s expansion is propelling the market’s growth.

However, Fish, including cod, can accumulate heavy metals such as mercury, lead, and cadmium from the environment. These contaminants pose health risks to consumers, particularly pregnant women, nursing mothers, and young children, as they can impair neurological development and cause other adverse health effects. Contamination with heavy metals is a significant concern for cod liver oil products, as they can concentrate in the oil during extraction and processing. Therefore, potential contamination concerns are hampering the growth of the market.

The market experienced supply chain disruptions due to lockdowns, travel restrictions, and logistical challenges caused by the pandemic. This led to delays in production, distribution, and availability of cod liver oil products in some regions. Retail sales of cod liver oil were negatively impacted by store closures and reduced foot traffic during lockdown periods. Also, economic uncertainties and disruptions in the supply chain led to price fluctuations in the market. Thus, the COVID-19 pandemic had a negative impact on the market.

Source Outlook

Based on source, the market is divided into Atlantic, Arctic, and others. In 2023, the Atlantic segment garnered 53% revenue share in the market. Historically, the Atlantic Ocean has been a significant source of cod liver oil due to the abundance of cod fish in its waters. Cod liver oil is derived from the livers of codfish, which are plentiful in the cold, nutrient-rich waters of the North Atlantic. Regions like Norway, Iceland, and Newfoundland have been traditional cod fishing and processing hubs, making them key producers of cod liver oil.

Application Outlook

Based on application, the market is segmented into dietary supplements, pharmaceuticals, nutraceuticals, and personal care & cosmetics. In 2023, the pharmaceuticals segment attained 28% revenue share in the market. Cod liver oil contains essential nutrients such as omega-3 fatty acids and vitamins A and D, demonstrating therapeutic properties. Pharmaceutical companies recognize the therapeutic potential of cod liver oil in managing various health conditions, driving demand for pharmaceutical-grade formulations.

Form Outlook

Based on form, the market is categorized into liquid, soft gels, and capsules & tablets. The liquid segment procured 18% revenue share in the market in 2023. Liquid formulations of cod liver oil are often absorbed more quickly by the body than solid dosage forms like soft gels. This rapid absorption may be desirable for individuals seeking more immediate benefits from the nutrients present in cod liver oil, such as omega-3 fatty acids and vitamins A and D.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region witnessed 45% revenue share in the market in 2023. Cod liver oil has been consumed in Europe for centuries, with a long history of traditional use as a dietary supplement and natural remedy. In many European countries, cod liver oil was traditionally given to children to support growth and development, particularly during winter when sunlight exposure and vitamin D synthesis.

List of Key Companies Profiled
  • Lysi hf
  • Nestle S.A.
  • Vital Nutrients Holdings, Inc. (North Castle Partners, LLC)
  • Power Health Products Limited
  • Ito En, Ltd. (MASON VITAMINS INC.)
  • Carlson Laboratories, Inc.
  • WN Pharmaceuticals Ltd.
  • NOW Health Group, Inc.
  • Nordic Naturals, Inc.
Global Cod Liver Oil Market Report Segmentation

By Source
  • Atlantic
  • Arctic
  • Others
By Application
  • Dietary Supplements
  • Pharmaceuticals
  • Nutraceuticals
  • Personal Care & Cosmetics
By Form
  • Soft Gels
  • Capsules & Tablets
  • Liquid
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Cod Liver Oil Market, by Source
1.4.2 Global Cod Liver Oil Market, by Application
1.4.3 Global Cod Liver Oil Market, by Form
1.4.4 Global Cod Liver Oil Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Cod Liver Oil Market by Source
4.1 Global Atlantic Market by Region
4.2 Global Arctic Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Cod Liver Oil Market by Application
5.1 Global Dietary Supplements Market by Region
5.2 Global Pharmaceuticals Market by Region
5.3 Global Nutraceuticals Market by Region
5.4 Global Personal Care & Cosmetics Market by Region
Chapter 6. Global Cod Liver Oil Market by Form
6.1 Global Soft Gels Market by Region
6.2 Global Capsules & Tablets Market by Region
6.3 Global Liquid Market by Region
Chapter 7. Global Cod Liver Oil Market by Region
7.1 North America Cod Liver Oil Market
7.1.1 North America Cod Liver Oil Market by Source
7.1.1.1 North America Atlantic Market by Country
7.1.1.2 North America Arctic Market by Country
7.1.1.3 North America Others Market by Country
7.1.2 North America Cod Liver Oil Market by Application
7.1.2.1 North America Dietary Supplements Market by Country
7.1.2.2 North America Pharmaceuticals Market by Country
7.1.2.3 North America Nutraceuticals Market by Country
7.1.2.4 North America Personal Care & Cosmetics Market by Country
7.1.3 North America Cod Liver Oil Market by Form
7.1.3.1 North America Soft Gels Market by Country
7.1.3.2 North America Capsules & Tablets Market by Country
7.1.3.3 North America Liquid Market by Country
7.1.4 North America Cod Liver Oil Market by Country
7.1.4.1 US Cod Liver Oil Market
7.1.4.1.1 US Cod Liver Oil Market by Source
7.1.4.1.2 US Cod Liver Oil Market by Application
7.1.4.1.3 US Cod Liver Oil Market by Form
7.1.4.2 Canada Cod Liver Oil Market
7.1.4.2.1 Canada Cod Liver Oil Market by Source
7.1.4.2.2 Canada Cod Liver Oil Market by Application
7.1.4.2.3 Canada Cod Liver Oil Market by Form
7.1.4.3 Mexico Cod Liver Oil Market
7.1.4.3.1 Mexico Cod Liver Oil Market by Source
7.1.4.3.2 Mexico Cod Liver Oil Market by Application
7.1.4.3.3 Mexico Cod Liver Oil Market by Form
7.1.4.4 Rest of North America Cod Liver Oil Market
7.1.4.4.1 Rest of North America Cod Liver Oil Market by Source
7.1.4.4.2 Rest of North America Cod Liver Oil Market by Application
7.1.4.4.3 Rest of North America Cod Liver Oil Market by Form
7.2 Europe Cod Liver Oil Market
7.2.1 Europe Cod Liver Oil Market by Source
7.2.1.1 Europe Atlantic Market by Country
7.2.1.2 Europe Arctic Market by Country
7.2.1.3 Europe Others Market by Country
7.2.2 Europe Cod Liver Oil Market by Application
7.2.2.1 Europe Dietary Supplements Market by Country
7.2.2.2 Europe Pharmaceuticals Market by Country
7.2.2.3 Europe Nutraceuticals Market by Country
7.2.2.4 Europe Personal Care & Cosmetics Market by Country
7.2.3 Europe Cod Liver Oil Market by Form
7.2.3.1 Europe Soft Gels Market by Country
7.2.3.2 Europe Capsules & Tablets Market by Country
7.2.3.3 Europe Liquid Market by Country
7.2.4 Europe Cod Liver Oil Market by Country
7.2.4.1 Germany Cod Liver Oil Market
7.2.4.1.1 Germany Cod Liver Oil Market by Source
7.2.4.1.2 Germany Cod Liver Oil Market by Application
7.2.4.1.3 Germany Cod Liver Oil Market by Form
7.2.4.2 UK Cod Liver Oil Market
7.2.4.2.1 UK Cod Liver Oil Market by Source
7.2.4.2.2 UK Cod Liver Oil Market by Application
7.2.4.2.3 UK Cod Liver Oil Market by Form
7.2.4.3 France Cod Liver Oil Market
7.2.4.3.1 France Cod Liver Oil Market by Source
7.2.4.3.2 France Cod Liver Oil Market by Application
7.2.4.3.3 France Cod Liver Oil Market by Form
7.2.4.4 Russia Cod Liver Oil Market
7.2.4.4.1 Russia Cod Liver Oil Market by Source
7.2.4.4.2 Russia Cod Liver Oil Market by Application
7.2.4.4.3 Russia Cod Liver Oil Market by Form
7.2.4.5 Spain Cod Liver Oil Market
7.2.4.5.1 Spain Cod Liver Oil Market by Source
7.2.4.5.2 Spain Cod Liver Oil Market by Application
7.2.4.5.3 Spain Cod Liver Oil Market by Form
7.2.4.6 Italy Cod Liver Oil Market
7.2.4.6.1 Italy Cod Liver Oil Market by Source
7.2.4.6.2 Italy Cod Liver Oil Market by Application
7.2.4.6.3 Italy Cod Liver Oil Market by Form
7.2.4.7 Rest of Europe Cod Liver Oil Market
7.2.4.7.1 Rest of Europe Cod Liver Oil Market by Source
7.2.4.7.2 Rest of Europe Cod Liver Oil Market by Application
7.2.4.7.3 Rest of Europe Cod Liver Oil Market by Form
7.3 Asia Pacific Cod Liver Oil Market
7.3.1 Asia Pacific Cod Liver Oil Market by Source
7.3.1.1 Asia Pacific Atlantic Market by Country
7.3.1.2 Asia Pacific Arctic Market by Country
7.3.1.3 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Cod Liver Oil Market by Application
7.3.2.1 Asia Pacific Dietary Supplements Market by Country
7.3.2.2 Asia Pacific Pharmaceuticals Market by Country
7.3.2.3 Asia Pacific Nutraceuticals Market by Country
7.3.2.4 Asia Pacific Personal Care & Cosmetics Market by Country
7.3.3 Asia Pacific Cod Liver Oil Market by Form
7.3.3.1 Asia Pacific Soft Gels Market by Country
7.3.3.2 Asia Pacific Capsules & Tablets Market by Country
7.3.3.3 Asia Pacific Liquid Market by Country
7.3.4 Asia Pacific Cod Liver Oil Market by Country
7.3.4.1 China Cod Liver Oil Market
7.3.4.1.1 China Cod Liver Oil Market by Source
7.3.4.1.2 China Cod Liver Oil Market by Application
7.3.4.1.3 China Cod Liver Oil Market by Form
7.3.4.2 Japan Cod Liver Oil Market
7.3.4.2.1 Japan Cod Liver Oil Market by Source
7.3.4.2.2 Japan Cod Liver Oil Market by Application
7.3.4.2.3 Japan Cod Liver Oil Market by Form
7.3.4.3 India Cod Liver Oil Market
7.3.4.3.1 India Cod Liver Oil Market by Source
7.3.4.3.2 India Cod Liver Oil Market by Application
7.3.4.3.3 India Cod Liver Oil Market by Form
7.3.4.4 South Korea Cod Liver Oil Market
7.3.4.4.1 South Korea Cod Liver Oil Market by Source
7.3.4.4.2 South Korea Cod Liver Oil Market by Application
7.3.4.4.3 South Korea Cod Liver Oil Market by Form
7.3.4.5 Australia Cod Liver Oil Market
7.3.4.5.1 Australia Cod Liver Oil Market by Source
7.3.4.5.2 Australia Cod Liver Oil Market by Application
7.3.4.5.3 Australia Cod Liver Oil Market by Form
7.3.4.6 Malaysia Cod Liver Oil Market
7.3.4.6.1 Malaysia Cod Liver Oil Market by Source
7.3.4.6.2 Malaysia Cod Liver Oil Market by Application
7.3.4.6.3 Malaysia Cod Liver Oil Market by Form
7.3.4.7 Rest of Asia Pacific Cod Liver Oil Market
7.3.4.7.1 Rest of Asia Pacific Cod Liver Oil Market by Source
7.3.4.7.2 Rest of Asia Pacific Cod Liver Oil Market by Application
7.3.4.7.3 Rest of Asia Pacific Cod Liver Oil Market by Form
7.4 LAMEA Cod Liver Oil Market
7.4.1 LAMEA Cod Liver Oil Market by Source
7.4.1.1 LAMEA Atlantic Market by Country
7.4.1.2 LAMEA Arctic Market by Country
7.4.1.3 LAMEA Others Market by Country
7.4.2 LAMEA Cod Liver Oil Market by Application
7.4.2.1 LAMEA Dietary Supplements Market by Country
7.4.2.2 LAMEA Pharmaceuticals Market by Country
7.4.2.3 LAMEA Nutraceuticals Market by Country
7.4.2.4 LAMEA Personal Care & Cosmetics Market by Country
7.4.3 LAMEA Cod Liver Oil Market by Form
7.4.3.1 LAMEA Soft Gels Market by Country
7.4.3.2 LAMEA Capsules & Tablets Market by Country
7.4.3.3 LAMEA Liquid Market by Country
7.4.4 LAMEA Cod Liver Oil Market by Country
7.4.4.1 Brazil Cod Liver Oil Market
7.4.4.1.1 Brazil Cod Liver Oil Market by Source
7.4.4.1.2 Brazil Cod Liver Oil Market by Application
7.4.4.1.3 Brazil Cod Liver Oil Market by Form
7.4.4.2 Argentina Cod Liver Oil Market
7.4.4.2.1 Argentina Cod Liver Oil Market by Source
7.4.4.2.2 Argentina Cod Liver Oil Market by Application
7.4.4.2.3 Argentina Cod Liver Oil Market by Form
7.4.4.3 UAE Cod Liver Oil Market
7.4.4.3.1 UAE Cod Liver Oil Market by Source
7.4.4.3.2 UAE Cod Liver Oil Market by Application
7.4.4.3.3 UAE Cod Liver Oil Market by Form
7.4.4.4 Saudi Arabia Cod Liver Oil Market
7.4.4.4.1 Saudi Arabia Cod Liver Oil Market by Source
7.4.4.4.2 Saudi Arabia Cod Liver Oil Market by Application
7.4.4.4.3 Saudi Arabia Cod Liver Oil Market by Form
7.4.4.5 South Africa Cod Liver Oil Market
7.4.4.5.1 South Africa Cod Liver Oil Market by Source
7.4.4.5.2 South Africa Cod Liver Oil Market by Application
7.4.4.5.3 South Africa Cod Liver Oil Market by Form
7.4.4.6 Nigeria Cod Liver Oil Market
7.4.4.6.1 Nigeria Cod Liver Oil Market by Source
7.4.4.6.2 Nigeria Cod Liver Oil Market by Application
7.4.4.6.3 Nigeria Cod Liver Oil Market by Form
7.4.4.7 Rest of LAMEA Cod Liver Oil Market
7.4.4.7.1 Rest of LAMEA Cod Liver Oil Market by Source
7.4.4.7.2 Rest of LAMEA Cod Liver Oil Market by Application
7.4.4.7.3 Rest of LAMEA Cod Liver Oil Market by Form
Chapter 8. Company Profiles
8.1 Lýsi hf
8.1.1 Company Overview
8.2 Vital Nutrients Holdings, Inc. (North Castle Partners, LLC)
8.2.1 Company Overview
8.3 Power Health Products Limited
8.3.1 Company Overview
8.4 Ito En, Ltd. (Mason Vitamins Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Carlson Laboratories, Inc.
8.5.1 Company Overview
8.6 WN Pharmaceuticals Ltd.
8.6.1 Company Overview
8.7 Nestle S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 NOW Health Group, Inc.
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Nordic Naturals, Inc.
8.9.1 Company Overview
8.9.2 SWOT Analysis
Chapter 9. Winning Imperatives of Cod Liver Oil Market

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