Cod Fish Oil Market Research, 2031
The global Cod Fish Oil Market Size was valued at $432.4 million in 2021, and is projected to reach $1.1 billion by 2031, growing at a CAGR of 10% from 2022 to 2031.
Cod fish oil is a supplement made from cod liver. It's high in vitamin A, vitamin D, and omega-3 fatty acids. Doctors prescribe cod liver oil to help people meet their nutritional needs. Furthermore, because of its health benefits, it is popular among medical professionals and consumers. Moreover, it has anti-oxidant and anti-inflammable properties that aid in the treatment of many diseases such as chronic diseases, cardiovascular disease, cancer, and heart disease. Furthermore, it lowers the risk of joint pain, and anxiety, and maintains blood pressure.
The 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).
Furthermore, due to its numerous health benefits, consumption is rapidly increasing. Moreover, doctors prescribe cod liver oil to treat chronic diseases, cancer, and cardiovascular disease. It also helps to reduce anxiety, brain diseases, inflammation, joint pain, and eye diseases. As a result, the demand for nutrition in humans drives the growth of the cod fish oil markets.
The demand for cod fish oil in the global market is largely from Europe and North America. In the global market, Europe is the largest producer of cod fish oil. The global fish oil market is seeing an increase in demand for cod fish oil due to its numerous health benefits. It is expected that investors in cod liver oil will see higher returns in the future.
Moreover, the increasing trend of supplement consumption will foster the demand for Cod Fish Oil Market. Women consume more dietary supplements than men, owing to urbanization and a hectic lifestyle. In developing nations like China and India, urbanization leads to an increase in the number of working women, which causes a rise in the consumption of processed foods with lower nutritional values. Women take dietary supplements, such as cod liver oil, to fulfill their nutritional requirements. The consumption of cod liver oil has significantly increased due to the rise in per capita income and increased investment in diets high in protein. In addition, To alleviate the symptoms, doctors recommend cod liver oil, which will also help to meet their nutritional needs.
Moreover, the governments of various countries have imposed quota regulations, which limit fishing and, as a result, hamper the production of cod fish oil. this will directly impact on the Cod Fish Oil Market. Furthermore, the quota manages the fishing industry's sustainability. The European Union has imposed country-specific TAC (Total Allowable Catches) and quotas to strictly regulate the volume and frequency of fishing activities in the region. As a result, manufacturers do not receive enough raw fish for oil extraction, resulting in a production shortfall.
Furthermore, Adverse climatic conditions largely restrain the growth of the Cod Fish Oil Market such as EL NINO. El Nino reduces the upwelling of cold ocean water which causes food scarcity for fish and compels them to migrate to deeper waters, which subsequently hampers the global fish oil production in prime fishing areas such as Chile, Peru, and also European countries that include Iceland, Denmark, and Norway. Furthermore, the gap between demand and supply can hamper the growth of cod fish oil in the global market. rising consumption of cod fish oil creates a supply threat for aquaculture feed and adverse environmental factors and regulatory imposition on fishing also create a huge gap between demand and supply. This gap can increase the cost of cod fish oil which can affect the growth of the Cod Fish Oil Market. the above mention factor can hamper the growth of the Cod Fish Oil Market.
COVID-19 is an infectious disease that originated in the Hubei province of Wuhan city in China in late December 2019. The highly contagious disease caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is transmitted from human to human. Thus, COVID-19 was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. The outbreak strongly impacted the society as well as the economy of many developing and developed nations. The global coronavirus pandemic has created several challenges for exporters in developing and developed countries. During the COVID period, exporters faced many restrictions imposed by governments. Owing to restrictions, the supply chain was affected. Therefore, supply chain disruption and lack of availability of workers have negatively affected the fish oil market. Moreover, restrictions on the movement of goods along with quarantine and lockdown measures imposed by governments are key challenges fish oil players are facing during this pandemic. The shortage of cod fish and workers hampered the growth of Market. Moreover, the suppliers were facing problems due to poor logistics, traffic control, and restrictions on public movement in the affected countries across the globe, which led to supply disruptions. Trade restrictions imposed by several countries across the globe to curb the outbreak of covid 19 has significantly affected global logistics and transportation, which in turn affected the market.
During the pandemic, people became aware of health. They preferred the product which helped to lower the risk of chronic diseases and many other diseases. People consumed a healthy diet that can fulfill the demand for nutrition in the human body. Therefore, cod fish oil is popular among medical professionals, and consumers owing to cod fish oil benefits. Cod liver is a rich source of omega-3 fatty acid and also contain vitamin A and D that help to lower the risk of many diseases. Hence the multiple health benefits of cod fish oil are increasing the consumption of cod fish, which is boosting the Cod Fish Oil Market Growth.
The market is segmented based on form, source, application, and region. By form, it is categorized into capsule, liquid, and others. Based on the source, the liquid segment held the major share of the market. moreover, the capsule segment witnessed a major growth rate during the forecast period. Cod liver oil is used as one of the remedies to cure rickets. The liquid form is the traditional way to meet the nutrition in individuals. This is the major factor surge in the demand for liquid supplements in the global market. Moreover, increasing awareness of health benefits foster the demand for cod fish oil supplements.
Based on the source, cod fish oil is segmented into Atlantic cod, Arctic cod, Pacific cod, and Greenland cod. The Atlantic segment held the major share of the Cod Fish Oil Market Share. Greenland cod witness a major growth rate during the forecast period. Atlantic cod is known as one of the most heavily fished species. Owing to cod liver oil is the best source of omega-3 fatty acids, vitamin A, vitamin D, and vitamin E the Atlantic cod is the best excellent source of cod oil. The growing awareness among medical professionals and the public about the importance of omega-3 fatty acids and vitamins has led to a significant increase in cod fish oil consumption. Moreover, the rising popularity of cod liver oil encourages companies are now expanding their nutraceutical product line with the addition of concentrated EPA and DHA.
Based on the application, the market is segmented into dietary supplements, pharmaceuticals, nutraceuticals, and personal care & cosmetics. The dietary supplements segment of Cod Fish Oil Market Share was the highest contributor to the market with $161.1 million in 2021, and is projected to reach $402.4 million by 2031, at a CAGR of 9.8% during the Cod Fish Oil Market Forecast period. Owing to government initiatives towards awareness of cod liver oil the consumption of cod oil as a medical supplement is fostering the demand for cod fish oil in the global market. The American heart, Association suggests people consume Omega 3 fatty acids twice a week, either directly by consuming cod fish oil. Cod fish oil is a rich source of not only omega 3 fatty acids but also Vitamin A and D. people take fish oil supplements for lowering the risk of heart and blood-related problems.
Based on 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%. in the Asia pacific, china, japan, and India are largely consumed pharmaceuticals and nutraceuticals. Owing to an initiative by japan government about creating awareness for the intake of cod fish oil to avoid the risk of chronic diseases. The government initiatives will increase the Cod Fish Oil Market Demand in the global market.
Key players in the Cod Fish Oil Industry include BARLEAN’S ORGANIC OILS, LLC, and 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 market segment
- By form
- Capsule
- Liquid
- Others
- By source
- Atlantic cod
- Arctic cod
- Pacific cod
- Greenland cod
- By application
- Dietary supplements
- pharmaceutical
- Nutraceutical
- Personal care & cosmetics
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 Cod Fish Oil Industry.
- 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.
Cod Fish Oil Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1.1 billion |
 Growth Rate | CAGR of 10% |
 Forecast period | 2021 - 2031 |
 Report Pages | 211 |
 By Form |
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 By Source |
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 By Application |
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 By Region |
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Analyst Review
Cod fish oil is a good source of omega 3 fatty acids and vitamins. Consumers' increased health consciousness leads to the consumption of cod fish oil. Moreover,owing to mefical benefits such as chronic diseases. mental health, and cardiovascular disease, cod fish oil is in high demand on the global fish oil market. Furthermore, Omega 3 is an essential fatty acid that the human body cannot produce. As a result, consumers take supplements to meet their nutritional needs. Cod liver oil has anti-inflammatory properties that can help reduce the risk of heart disease, obesity, inflammatory bowel disease, arthritis, Alzheimer's, psoriasis, and cancer. these factors will increase the growth of cod fish oil in global market.
Furthermore, governments in various countries have imposed quota restrictions in order to control fishing, which has hampered the production of cod fish oil. Furthermore, adverse climatic conditions such as El Nino hinder market growth.
The growing demand for omega-3 fatty acids in human nutrition applications such as supplements and pharmaceutical nutraceuticals drives up demand for cod fish oil. The major consumer and producer countries in the global market are China, Japan, and the United States.
New launches and rising demand of supplement products are the upcoming trends of cod fish oil market in the world.
The dietary supplements segment held the major share in cod fish oil. Owing to government initiatives towards awareness of cod liver oil the consumption of cod oil as a medical supplement is fostering the demand for cod fish oil in the global market.
Asia-pacific held the largest regional market of cod fish oil.
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
The key players profiled in the cod fish oil market report are BARLEAN’S ORGANIC OILS, LLC, and 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.
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