USD 88.75 billion
Global Cod Liver Oil Market Size, Share, Growth Analysis, By Application (Dietary supplements, pharmaceuticals), By Distribution channel(Online and offline channels) - Industry Forecast 2023-2030
Report ID: SQMIG30A2010 | Region: Global | Published Date: August, 2023 | Pages: 157 | Tables: 61 | Figures: 75
Global Cod Liver Oil Market Insights
Global Cod Liver Oil Market size was valued at USD 88.75 billion in 2022 and is poised to grow from USD 96.79 billion in 2023 to USD 177.62 billion by 2030, at a CAGR of 9.06% during the forecast period (2023-2030).
The global cod liver oil market has witnessed steady growth due to rising consumer awareness of its health benefits.
Rich in omega-3 fatty acids, vitamins A and D, and antioxidants, cod liver oil is valued for its potential in supporting heart health, joint function, and immunity.
The market is driven by increasing demand for natural supplements, nutraceuticals, and functional foods.
Ongoing research and product innovations, coupled with expanding distribution channels, contribute to the market's expansion.
However, sustainability concerns and potential overconsumption challenges necessitate responsible sourcing and transparent labeling practices to ensure long-term market viability.
Market snapshot - (2023-2030)
Global Market Size
Largest Segment
offline channels
Fastest Growth
offline channels
Growth Rate
9.06% CAGR
Global Cod liver oil market by region
Country Share for Europe (%)
Global Cod liver oil market by distribution channel
Global Cod liver oil market by distribution channel
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Global Cod Liver Oil Market Segmental Analysis
The global cod liver oil market can be segmented based on application, distribution channel, and region. In terms of application, it finds use in dietary supplements, pharmaceuticals, and food and beverages. Regarding distribution, it is distributed through online and offline channels. Geographically, it spans North America, Europe, Asia-Pacific, and the rest of the world.
Analysis by Application
As of my last update, the largest application of cod liver oil is likely in the dietary supplement industry. The nutritional content of cod liver oil, including its omega-3 fatty acids and vitamins, has made it a popular choice for individuals seeking to improve their health and well-being through supplementation.
The dietary supplement application of cod liver oil was expected to be one of the fastest-growing segments. Increasing awareness of the health benefits associated with omega-3 fatty acids, coupled with a growing interest in natural and traditional remedies, has contributed to the rising demand for cod liver oil supplements.
Analysis by Distribution Channel
Historically, retail pharmacies and drugstores have been a prominent distribution channel for cod liver oil. These establishments are often trusted sources for health-related products, and consumers frequently turn to them for dietary supplements.
In recent years, online retail has experienced rapid growth across various industries, including dietary supplements. The convenience of online shopping, coupled with a wider reach and potential for competitive pricing, has contributed to the increasing popularity of online distribution for cod liver oil and other health products.
Global Cod liver oil market by distribution channel, 2022 (%)
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Global Cod Liver Oil Market Regional Insights
Historically, Europe has been one of the largest markets for cod liver oil due to its long-standing cultural tradition of using fish oils for various health benefits. Countries in Northern Europe, such as Norway and Iceland, are major producers and exporters of cod liver oil.
The Asia-Pacific region was experiencing significant growth in the cod liver oil market. The increasing awareness of the health benefits of omega-3 fatty acids and the rising prevalence of lifestyle-related diseases drove the demand for dietary supplements and functional foods containing cod liver oil in countries like China, India, Japan, and South Korea.
Global Cod liver oil market by geography, (2023-2030)
- Largest
- Fastest
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Global Cod Liver Oil Market Dynamics
Drivers
Increasing Awareness of Omega3 Benefits
- Growing consumer awareness about the health benefits of omega-3 fatty acids and vitamins in cod liver oil is propelling the global market, as it is recognized for promoting heart health, brain function, and immune system support.
Restraints
Stringent Quality Measures
- Concerns over overfishing and sustainability, along with potential contaminants like heavy metals and pollutants in cod liver oil, pose challenges for the market's growth, as environmentally conscious consumers seek alternatives and demand stringent quality assurance measures.
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Global Cod Liver Oil Market Competitive Landscape
The global cod liver oil market's competitive landscape is characterized by a diverse range of players, including leading pharmaceutical and nutraceutical companies, along with smaller manufacturers and distributors. Key participants emphasize product innovation, quality assurance, and sustainable sourcing practices to capture consumer trust. The market is marked by intense research and development, aiming to enhance health benefits and expand applications. Robust distribution networks, strategic partnerships, and effective marketing strategies are crucial for market penetration. Adherence to stringent regulations, certifications, and consumer preferences for natural supplements further shape the competitive dynamics, fostering a dynamic and evolving marketplace.
Top Player’s Company Profiles
- Lysi (Iceland)
- Nordic Naturals (United States)
- Carlson Laboratories (United States)
- Seven Seas Ltd. (United Kingdom)
- Garden of Life (United States)
- Nature's Answer (United States)
- Barlean's Organic Oils LLC (United States)
- NOW Foods (United States)
- Vitane Pharmaceuticals (India)
- Twinlab Corporation (United States)
- Pure Alaska Omega (United States)
- Morinaga Nutritional Foods (United States)
- Green Pasture Products (United States)
- NutraSea (Canada)
- HealthAid Ltd. (United Kingdom)
- WHC UnoCardio (Belgium)
- Rosita Real Foods (Norway)
- Leppin S.A. (Switzerland)
- Nordic Naturals (United States)
- Orkla Health (Norway)
Recent Developments
- In April 2022, EO3, an emerging sports and health nutrition products manufacturer, introduced a smoothie enriched with Omega-3 combining berry flavors and Norwegian cod liver oil. This product is available across the U.S. and the U.K. retail stores.
Global Cod Liver Oil Key Market Trends
- In the global cod liver oil market, significant developments include a growing trend towards natural supplements, increased consumer awareness of omega-3 benefits, and expanding applications in food and pharmaceutical industries. Sustainable sourcing practices are gaining prominence, driven by environmental concerns. Advanced extraction techniques enhance oil quality. Innovative product formulations cater to diverse consumer preferences, boosting market growth. Regulatory emphasis on product safety and quality fuels industry standards. E-commerce platforms and digital marketing strategies play a pivotal role in widening market reach. These dynamic changes collectively shape the cod liver oil market, responding to evolving consumer demands and industry advancements.
Global Cod Liver Oil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global cod liver oil market is poised for promising growth due to its increasing recognition as a rich source of essential nutrients such as omega-3 fatty acids and vitamins A and D. Rising consumer awareness of the numerous health benefits associated with cod liver oil consumption, including heart and bone health, is expected to drive demand. Moreover, expanding applications in dietary supplements and pharmaceuticals further enhances its market potential. However, sustainability considerations and potential market competition from alternative sources may influence its trajectory. Overall, the cod liver oil market is likely to experience steady expansion as health-conscious consumers seek natural and functional food products.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 88.75 billion |
| Market size value in 2030 | USD 96.79 billion |
| Growth Rate | 9.06% |
| Base year | 2022 |
| Forecast period | (2023-2030) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cod Liver Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cod Liver Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cod Liver Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cod Liver Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cod Liver Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cod Liver Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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