Global Cod Fish Oil Market is valued approximately USD 430 million in 2021 and is anticipated to grow with a healthy growth rate of more than 10% over the forecast period 2022-2029. Cod Fish Oil or cod liver oil is derived from liver of cod fish. There is several nutrition that are present in Cod Fish Oil including omega-3 fatty acids, eicosapentaenoic acid, docosahexaenoic acid, and vitamin A and D among others. The increasing consumption of dietary supplements and growing number of working individuals are key factors driving the market growth.
The rise in demand for dietary supplements is driving the global market growth. For instance - according to Statista - in 2019, the global market for dietary supplements was estimated at USD 119.7 million, and the market is projected to grow to USD 239.4 million by 2028. Additionally, in 2020 the North American dietary supplements market reach to USD 50.7 million, and the market is projected to grow further to USD 72 million by 2026. Also, rise in demand for omega-3 supplements and growing application of cod in several industries would create lucrative growth prospectus for the market over the forecast period. However, the high extraction Cost of Cod Fish Oil and side effects associated with Cod Fish oil stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cod Fish Oil Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and increasing consumption of dietary and healthcare supplements in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and increasing demand for cod liver oil products in the region.
Major market players included in this report are:
- NaturesAid Inc.
- Omega Protein Corporation
- Carlson Labs
- OLVEA
- Nordic Naturals
- NOW Foods
- Solgar Inc
- WN Pharmaceuticals Ltd
- Orkla
- Country Life LLC
- Twinlab Consolidated Corporation
Recent Developments in the Market:
- In January 2022, Orkla Health, a Norwegian fish oil manufacturing company, completed acquisition of Vesteralen Marine Olje AS. This acquisition is intended to Orkla Health's business in the Norwegian region.
- In May 2022, Wiley's Finest (Coshocton, OH) launched its new product named Cod Liver Oil Plus, an MSC-certified omega-3 with lutein, zeaxanthin, and vitamins D3 and E.
Global Cod Fish Oil Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Form, Source, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form
By Source
- Atlantic cod
- Arctic cod
- Pacific cod
- Greenland cod
By Application
- Dietary supplements
- Pharmaceutical
- Nutraceuticals
- Personal care and cosmetic
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Cod Fish Oil Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Cod Fish Oil Market, by Form, 2019-2029 (USD Million)
- 1.2.3. Cod Fish Oil Market, by Source, 2019-2029 (USD Million)
- 1.2.4. Cod Fish Oil Market, by Application, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cod Fish Oil Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cod Fish Oil Market Dynamics
- 3.1. Cod Fish Oil Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing consumption of dietary supplements
- 3.1.1.2. Growing number of working individuals
- 3.1.2. Market Challenges
- 3.1.2.1. High extraction cost of Cod Fish Oil
- 3.1.2.2. Side effects associated with Cod Fish oil
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in demand for omega-3 supplements
- 3.1.3.2. Growing application of cod in several industries
Chapter 4. Global Cod Fish Oil Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cod Fish Oil Market, by Form
- 6.1. Market Snapshot
- 6.2. Global Cod Fish Oil Market by Form, Performance - Potential Analysis
- 6.3. Global Cod Fish Oil Market Estimates & Forecasts by Form 2019-2029 (USD Million)
- 6.4. Cod Fish Oil Market, Sub Segment Analysis
- 6.4.1. Capsule
- 6.4.2. Liquid
- 6.4.3. Others
Chapter 7. Global Cod Fish Oil Market, by Source
- 7.1. Market Snapshot
- 7.2. Global Cod Fish Oil Market by Source, Performance - Potential Analysis
- 7.3. Global Cod Fish Oil Market Estimates & Forecasts by Source 2019-2029 (USD Million)
- 7.4. Cod Fish Oil Market, Sub Segment Analysis
- 7.4.1. Atlantic cod
- 7.4.2. Arctic cod
- 7.4.3. Pacific cod
- 7.4.4. Greenland cod
Chapter 8. Global Cod Fish Oil Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Cod Fish Oil Market by Application, Performance - Potential Analysis
- 8.3. Global Cod Fish Oil Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 8.4. Cod Fish Oil Market, Sub Segment Analysis
- 8.4.1. Dietary supplements
- 8.4.2. Pharmaceutical
- 8.4.3. Nutraceuticals
- 8.4.4. Personal care and cosmetic
Chapter 9. Global Cod Fish Oil Market, Regional Analysis
- 9.1. Cod Fish Oil Market, Regional Market Snapshot
- 9.2. North America Cod Fish Oil Market
- 9.2.1. U.S. Cod Fish Oil Market
- 9.2.1.1. Form breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Source breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Cod Fish Oil Market
- 9.3. Europe Cod Fish Oil Market Snapshot
- 9.3.1. U.K. Cod Fish Oil Market
- 9.3.2. Germany Cod Fish Oil Market
- 9.3.3. France Cod Fish Oil Market
- 9.3.4. Spain Cod Fish Oil Market
- 9.3.5. Italy Cod Fish Oil Market
- 9.3.6. Rest of Europe Cod Fish Oil Market
- 9.4. Asia-Pacific Cod Fish Oil Market Snapshot
- 9.4.1. China Cod Fish Oil Market
- 9.4.2. India Cod Fish Oil Market
- 9.4.3. Japan Cod Fish Oil Market
- 9.4.4. Australia Cod Fish Oil Market
- 9.4.5. South Korea Cod Fish Oil Market
- 9.4.6. Rest of Asia Pacific Cod Fish Oil Market
- 9.5. Latin America Cod Fish Oil Market Snapshot
- 9.5.1. Brazil Cod Fish Oil Market
- 9.5.2. Mexico Cod Fish Oil Market
- 9.5.3. Rest of Latin America Cod Fish Oil Market
- 9.6. Rest of The World Cod Fish Oil Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. NaturesAid Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Omega Protein Corporation
- 10.2.3. Carlson Labs
- 10.2.4. OLVEA
- 10.2.5. Nordic Naturals
- 10.2.6. NOW Foods
- 10.2.7. Solgar Inc
- 10.2.8. WN Pharmaceuticals Ltd
- 10.2.9. Orkla
- 10.2.10. Country Life LLC
- 10.2.11. Twinlab Consolidated Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption