According to IMARC Group's latest research report, titled "Cod Liver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the cod liver oil market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global cod liver oil market size reached US$ 84.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 125.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
Cod Liver Oil Market Outlook:
Cod liver oil is a nutrient-rich oil extracted from the liver of codfish. It is a popular supplement that has been used for centuries due to its high levels of omega-3 fatty acids, vitamins A and D, and other important nutrients. Omega-3 fatty acid is essential fatty acids that the human body cannot produce on its own and must be obtained through the diet. It is required for maintaining heart health, reducing inflammation, and improving brain function. Vitamins A and D are essential nutrients that are important in maintaining overall health, such as vision, immune function, skin health, bone health, and immune function. Additionally, it is available in liquid or capsule form and can be taken as a dietary supplement.
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Cod Liver Oil Market Trends:
The rising health consciousness among consumers majorly drives the global market. This can be supported by the growing demand for cod liver oil due to the rising prevalence of chronic diseases, as it is known to be effective in treating several medical conditions. Along with this, the escalating demand for omega-3 supplements, which can help to improve brain function, is also significantly supporting the market. In addition, the increasing number of government initiatives to promote the use of sustainably-sourced cod liver oil products are contributing to the demand. Moreover, the introduction of flavored cod liver oil, such as lemon and green apple is creating a positive market outlook. Some of the other factors driving the market include rising consumer spending power and the wide availability of products through e-commerce platforms.
Key Market Segmentation:
Competitive Landscape with Key Players:
Carlson Laboratories Inc
Country Life LLC (Kikkoman Corporation)
LYSI hf.
Mason Vitamins
Natures Aid Ltd. (Thornton & Ross Ltd)
Nordic Naturals Inc.
Norwegian Fish Oil AS
NOW Foods
OLVEA Fish Oils (Groupe OLVEA)
Orkla ASA
Solgar Inc. (Nestle S.A.)
WN Pharmaceuticals Ltd.
Form Insights:
Capsules
Liquid
Others
Distribution Channel Insights:
Supermarket and Hypermarket
Convenience Store
Drug Store
Online
Others
End Use Insights:
Dietary Supplements
Pharmaceuticals
Cosmetics and Personal Care
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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