Pune, India, Aug. 29, 2022 (GLOBE NEWSWIRE) — global cod liver oil market the size was USD 82.29 million in 2021. The market is projected to grow from USD 88.75 million in 2022 until USD 162.86 million until 2029 in one CAGR of 9.06% during the period 2022-2029. Fortune Business Insights™ publishes this information in a report entitled, “Cod liver oil market2022-2029″. According to the report, the market is likely to grow during the forecast period due to the increasing popularity of omega-3 dietary supplements.
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List of top players profiled in Report:
- LYSI Iceland (Iceland)
- Nestle Health Science (Switzerland)
- Olvea Fish Oils (France)
- Vital Nutrients (US)
- Power Health Products Ltd (UK)
- Mason Naturals (USA)
- Carlson Laboratories Inc. (USA)
- WN Pharmaceuticals Ltd. (Canada)
- NOW Health Group, Inc., (USA)
- Nordic Naturals Inc. (USA)
Scope and segmentation of the report:
| Report coverage | The details |
| Forecast period | 2022-2029 |
| Forecast CAGR | 9.06% |
| 2029 Value Projection | 162.86 million dollars |
| Base year | 2021 |
| Cod Liver Oil Market Size 2021 | 82.29 million dollars |
| Historical date | 2018-2020 |
| number of pages | 156 |
| Segments covered | By source, by application, by form |
| Cod Liver Oil Market Growth Drivers | Growing popularity of Omega-3 dietary supplements to drive market growth |
| Increasing the frequency of new product launches to intensify market growth |
Impact of COVID-19:
Rising health concerns amid the pandemic to drive market growth
The demand for cod liver oil was increasing during the pandemic due to the increased demand for food supplements and nutrients among the population. Also, companies witnessed high sales of these oils to improve the immune system and reduce health problems. Rising health concerns boosted market growth during the pandemic period. Also, these oils are efficient and effective for the population of different age groups.
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Segments:
Atlantic segment to market due to high availability
According to the source, the market has tripled in the Atlantic, Arctic and others (Pacific, Greenland and others). The Atlantic segment is expected to lead the global market due to increasing supplies and efficient production of cod liver oils.
Dietary supplements segment to dominate the global market during the forecast period
On the basis of application, the market is categorized into dietary supplements, pharmaceuticals, food products, and personal care and cosmetics. The dietary supplement segment is projected to dominate the global market due to increasing demand for omega-3 supplements.
Soft gel segment to grow due to longer shelf life and affordability
On the basis of form, the market is classified into liquid, soft gel and capsules and tablets. The soft gel segment is projected to hold a dominant market share during the forecast period due to higher efficiency, affordability, and durability.
Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Report coverage:
The report provides comprehensive information and insights on the latest developments and trends in the market. Furthermore, the drivers and restraints influencing the growth of the market during the forecast period are further mentioned in the report. Also, the impact of the COVID-19 pandemic on the development of the global market is further highlighted in this report. Regional market insights on segmented market areas are further provided along with a list of key market players in the industry.
Drivers and restrictions:
High demand for Omega-3 dietary supplements to promote growth
Increasing consumption of fish oils is expected to bolster the growth of the cod liver oil market during the forecast period. Also, the increasing inclusion of these oils in sports nutrition products is expected to boost the market. Additionally, increasing popularity of omega-3 dietary supplements and increasing frequency of product launches by leading companies are anticipated to drive market growth.
However, high product prices may hinder market growth.
Regional insights:
Europe holds the largest market share due to increasing demand for products
Europe held the largest share of the cod liver oil market and was USD 37.57 million in 2021. The growth of the regional market is attributed to the growing demand for nutrients and high consumption of omega-3 supplements.
Competitive Landscape:
Incremental developments by leading companies to maintain their market position
Major market players focus on increasing their production capacity to ensure high profitability in the developing market. Also, major players consider forming strategic alliances, mergers and partnerships to drive growth and maintain their position in the market.
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Detailed table of contents:
- presentation
- Research Area
- Market segmentation
- Research methodology
- Executive Summary
- Market Dynamics
- Market leaders
- Market restrictions
- Market Opportunities
- Market Trends
- Key insights
- Global Fish Oil Market Overview
- Major Cod Liver Oil Market Trends
- Industry SWOT analysis
- Supply chain analysis
- Recent industry developments – policies, mergers and acquisitions and new product launches
- Market analysis and insights (related to COVID-19)
- Impact of COVID-19 on the market
- Supply chain challenges due to the pandemic
- Potential opportunities due to COVID-19
- Global Cod Liver Oil Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By source (value)
- The Atlantic
- Arctic
- Other (Pacific, Greenland and others)
- By Application (value)
- Dietary supplements
- pharmaceutics
- Nutraceuticals
- Personal Care and Cosmetics
- By shape (value)
- Liquid
- Soft gel
- Capsules & Tablets
- By region (value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
- By source (value)
- North America Cod Liver Oil Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By source (value)
- The Atlantic
- Arctic
- Other (Pacific, Greenland and others)
- By Application (value)
- Dietary supplements
- pharmaceutics
- Nutraceuticals
- Personal Care and Cosmetics
- By shape (value)
- Liquid
- Soft gel
- Capsules & Tablets
- By country (value)
- By source (value)
TOC Continues…!
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Key industry developments:
- February 2022: Carlson Laboratory Inc., a leading nutritional supplement company, launched a new green apple flavored cod liver oil. This newly developed product for children and adults provides 1,100 mg of omega-3, with vitamins A and D3 per serving for adults, and 550 mg of omega-3, with vitamins A and D3 for children.
Read related knowledge:
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Market of food products to reach $658.11 billion by 2028; Increasing focus on personalizing nutritious diet to support growth, says Fortune Business Insights™
Europe Dietary Supplements Market to Value $33.80 Billion by 2027; Prominent Companies Like Archer Daniels and Nestle to Focus on Expanding Their Business Horizons: Fortune Business Insights™
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