Press release
Global Cod Fish Oil Market Projected to Surpass $1.13 Billion by 2029 with 12.8% Annual Growth
Cod Fish Oil Market
The market for cod fish oil has experienced a quick expansion in the recent past. It is projected to surge from $0.62 billion in 2024 to $0.7 billion in 2025, growing at a compound annual growth rate (CAGR) of 13.0%. This striking growth during the historic period can be traced back to factors like the heightening cognizance of mental health advantages, escalating demand for nutrition-rich supplements, the inclusion of more fatty acids in diets, resurgence of health consciousness among the populace, increased intake of cod liver oil, and a booming demand for omega-3 supplements.
In the upcoming years, the cod fish oil market is anticipated to experience swift augmentation, reaching $1.13 billion in 2029 with a compound annual growth rate of 12.8%. Factors contributing to the growth during this forecast period include rising chronic ailments, enhanced supplement intake, growing requirement for cod fish oil, escalating prevalence of chronic illnesses, increased demand for cod liver oil omega-3, and an expanding market for dietary supplemen*ts. Meanwhile, forecast period trends include technological progress in terms of extraction and processing, innovative products, the evolution of pharmaceutical applications, and a focus on sustainable and ethically sourced products.
What Key Elements Are Boosting Growth in the Cod Fish Oil Market?
The escalating incidence of chronic ailments is projected to drive the expansion of the cod fish oil market in the future. The surge of chronic conditions is attributed to aging demographics, shifts in lifestyle, and the heightened frequency of risk factors like unhealthy nutrition, lack of physical activity, and environmental impacts. Cod fish oil, abundant in omega-3 fatty acids, contributes to the management of chronic illnesses by lowering inflammation and promoting cardiovascular health. Its content of vitamins A and D also boosts bone health and immune response. As an illustration, in January 2023, the National Library of Medicine, the largest biomedical library based in the US, projected that the count of individuals 50 years old and above living with at least one chronic disease is estimated to climb from 71.522 million in 2020 to 142.66 million in 2050, reflecting a 99.5% rise. Concurrently, the population with multimorbidity is projected to increase from 7.8304 million in 2020 to 14.968 million in 2050, evidencing a 91.16% growth. Hence, the escalating incidence of chronic illnesses propels the cod fish oil market.
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Which Key Market Leaders Are Driving Cod Fish Oil Industry Growth?
Major companies operating in the cod fish oil market are Nestle S.A., BASF SE, The Procter & Gamble Company, Sanofi S.A., Orkla ASA, NOW Foods Group Inc., Omega Protein Corporation, WN Pharmaceuticals Ltd., Nordic Naturals Inc., Seven Seas Ltd., Country Life, Groupe OLVEA, Carlson Labs, Mason Vitamins, Barlean's Organic Oils LLC, Mara Renewables Corporation, Marenco Limited, Blueline Foods India Pvt Ltd., LYSI HF, Shinepro Life Sciences Private Limited
What Are the Emerging Trends in the Cod Fish Oil Industry?
Leading businesses in the cod fish oil sector are concentrating on creating new goods such as omega-3-enriched cod liver oil to meet the growing demand for premium, health-boosting supplements from consumers and to establish a unique presence in this competitive market. Omega-3-enriched cod liver oil is formulated to deliver an enhanced amount of omega-3 fatty acids, key to cardiovascular health and cognitive function. True Westfjords, a company based in Iceland that produces cod liver oil, debuted its Dropi Cod Liver Oil Tonic in July 2022. This product, characterized by its high concentrations of EPA and DHA and distinctive omega-3 fatty acid mix, is encapsulated for gentle and easy ingestion. Sourced from the region's fresh daily catch that thrive in the North Atlantic Ocean's clear blue depths, it is procured from one of the purest fishing spots worldwide.
What Are the Main Segments in the Cod Fish Oil Market?
The cod fish oil market covered in this report is segmented -
1) By Product: Liquid, Capsules, Tablets, Softgels, Powder
2) By Source: Atlantic Cod, Arctic Cod, Pacific Cod, Greenland Cod
3) By Distribution Channel: Supermarket And Hypermarket, Convenience Store, Drug Store, Online, Other Distribution Channels
4) By Application: Pharmaceutical, Nutraceuticals, Personal care And cosmetic, dietary supplemen*ts
Subsegments:
1) By Liquid: Unflavored Liquid Cod Fish Oil, Flavored Liquid Cod Fish Oil
2) By Capsules: Standard Cod Fish Oil Capsules, Enteric-Coated Capsules
3) By Tablets: Standard Cod Fish Oil Tablets, High-Potency Cod Fish Oil Tablets
4) By Softgels: Regular Softgels, High-Concentration Softgels
5) By Powder: Powdered Cod Fish Oil for dietary supplemen*ts, Powdered Cod Fish Oil for Functional Foods
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Which Geographic Area Leads the Cod Fish Oil Market?
Asia-Pacific was the largest region in the cod fish oil market in 2023. The regions covered in the cod fish oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cod Fish Oil Global Market Report?
- Market Size Analysis: Analyze the Cod Fish Oil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cod Fish Oil Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cod Fish Oil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cod Fish Oil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Notes:
Sales, means the sales volume of Cod Liver Oil
Revenue, means the sales value of Cod Liver Oil
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