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.
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COD FISH OIL MARKET, BY FORM
CHAPTER 5: COD FISH OIL MARKET, BY SOURCE
CHAPTER 6: COD FISH OIL MARKET, BY APPLICATION
CHAPTER 7: COD FISH OIL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
Executive Summary
According to this report, titled, 'Cod Fish Oil Market,' the Cod Fish Oil Market Size was valued at $432.40 million in 2021, and is estimated to reach $1.1 billion by 2031, growing at a CAGR of 10% from 2022 to 2031.Cod is a demersal fish species that belongs to the family Gadidae, mostly found at the bottom of the sea or lakes. Cod liver oil is manufactured from the liver of the cod fish. Cod liver oil is a rich source of omega-3 fatty acids, vitamin A, and vitamin D. U.S. is one of the significant consumers of cod liver oil. The demand for cod liver oil in pharmaceutical applications has increased due to the high concentration of omega-3 fatty acids, vitamin A, and vitamin D in it. Moreover, regular cod liver oil can reduce the risk of heart failure, anxiety, eye diseases, chronic diseases, and glaucoma. Hence, the demand for omega-3 fatty acids, vitamin A, and vitamin D can increase the consumption of cod fish oil.
Moreover, the governments of various countries have imposed quota regulations, which limit fishing and in turn, hamper cod fish oil production. In addition, the quota manages the sustainability of the fishing of the Cod Fish Oil Industry. The European Union has imposed country-wise TAC (Total Allowable Catches) and quota to strictly regulate the volume and frequency of fishing activities in the region. As a result, the manufacturers do not get enough raw fish for oil extraction, which results in a production shortfall. these quotas can impact on the Cod Fish Oil Market Growth in the forecast period.
Cod fish oil helps in maintaining a healthy balance between omega-3 and omega-6 fatty acids, which helps in reducing the inflammatory processes in the human body. Moreover, it helps in lowering the risks of coronary heart diseases as well as maintaining normal blood pressure and normal bold lipid values. Furthermore, cod fish oil is a beneficial supplement for pregnant women and kids as it is an important component in balanced nutrition. Thus, the effective benefits of cod fish oil are one of the key factors owing to which it is used in the pharmaceutical industry, which boosts the growth of the cod fish oil market.
The rise in demand for omega 3 in human nutrition applications, such as supplements, and pharmaceutical nutraceuticals foster the demand for cod fish oil. China, Japan, U.S., are the major consumer and producer countries in the global market.
The cod fish oil market is segmented based on form, source, application, and region. By form, it is categorized into capsule, liquid, and others. The capsule segment was the highest revenue contributor to the market in 2021 owing to the rise in chronic diseases, consumer prefers cod fish oil supplements.
Based on the source, the Greenland cod held a significant share of 10.5% in the global market in 2021. This is attributed to its taste, freshness, and texture. Moreover, it is a rich source of fatty acids and vitamins.
Based on application, nutraceuticals dominated the market in 2021, accounting for 10.3% of the share, andbased on Cod Fish Oil Market Analysis, it is expected to retain their dominance throughout the forecast period owing to a rise in awareness among consumer about health benefits.
By region, Asia-Pacific was the highest revenue contributor, accounting for $247.3 million in 2021, and is estimated to reach $597.3 million by 2031, with a CAGR of 9.4%. Rising disposable income and a large population increase the consumption of cod fish oil. these Cod Fish Oil Market Trends will boost the demand of cod fish oil.
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 findings of the study
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.By form, the capsule segment is estimated to witness significant growth, registering a CAGR of 10.1% during the forecast period.
In 2021, on the basis of source, the Atlantic cod segment was valued at $162.3 million, accounting for 9.8%% of the Global cod fish oil market share.
By application, the nutraceutical segment is estimated to witness significant growth, registering a CAGR of 10.3% during the Cod Fish Oil Market Forecast.
Based on the region, North America is expected to be the fastest-growing segment during the forecast period with a CAGR of 12.1%.
Companies Mentioned
- Barleans 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
- Wn Pharmaceuticals
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 211 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 432.4 million |
| Forecasted Market Value ( USD | $ 1103.8 million |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
