The new report by EMR titled, ‘Global Cod Liver Oil Market Report and Forecast 2021-2026’, gives in-depth analysis of the global cod liver oil market, assessing the market based on its segments like form, distribution channel, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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The key highlights of the report include:
Market Overview (2016-2026): -
- Forecast CAGR (2021-2026): 4 %
- Forecast Market Size (2026): 94 Million
The resulting rise in knowledge and awareness of public health is the key catalyst for businesses to introduce alternative and appealing goods into their product lines to meet the needs of their large range of customers. Because of the rising demand for omega-3 cod liver oil in developed and developing countries, intense rivalry exists between companies. Demand for dietary supplements, including formulas for children and clinical nutrition, raises the need for cod liver oil. Due to the growing importance of omega 3 fatty acids in diets and the diversification of nutritional requirements for heart, eye and other health benefits, Cod liver oil has provided major growth opportunities.
Industry Definition and Major Segments
A thick, yellow, cod-based liver-based oil is cod liver oil. It has high levels of vitamin A, vitamin D and omega 3 fatty acids. As a dietary supplement for a child's diet, it is used to promote the growth of the brain, intellect and vision because of its nutritional value.
Based on form, the market is divided into:
- Capsules
- Liquid
- Others
The various distribution channels of the product include:
- Supermarket and Hypermarket
- Convenience Store
- Drug Store
- Online
- Others
Based on end use, the industry can be categorised into:
- Dietary Supplements
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
Based on region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growing demand for healthy food has led food industries to use fish oil in processed foods to increase the nutritional quality. The intake of food supplements among the population has increased significantly. Women eat more dietary supplements than men due to urbanisation and busy lifestyles. There has been a substantial rise in vitamin A deficiency in developed countries, which provides businesses with a greater chance of adopting cod liver oil as a dietary supplement. Urbanization leads to more working women in developing countries such as China and India, leading to the consumption of processed foods.
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Women eat dietary supplements such as cod liver oil to comply with the nutritional content. With the rise in per capita income and more investment in diets rich in protein, the intake of cod liver oil has increased substantially. Asia Pacific is projected to have the largest market share in the cod liver oil market compared to other regions due to the increased consumption of cod liver oil, factors such as the prescribing of doctors and the lean application of cod liver oil in the pharmaceutical industry.
Key Market Players
The major players in the market are NOW Health Group, Inc., Carlson Laboratories, Inc., Nordic Naturals, Solgar Inc., WN Pharmaceuticals Ltd. among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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