Press release
Cod Fish Oil Market Size Forecasted To Achieve $1.13 Billion By 2029 With Steady Growth
Cod Fish Oil
What Is the Cod Fish Oil Market Size and Projected Growth Rate?
The cod fish oil market has grown rapidly in recent years. It will expand from $0.62 billion in 2024 to $0.7 billion in 2025, reflecting a CAGR of 13.0%. Growth drivers include greater awareness of mental health benefits, rising demand for nutritional supplements, increased consumption of omega-3-rich cod liver oil, health awareness, and growing demand for omega-3 supplements.
The cod fish oil market is projected to experience significant growth, reaching $1.13 billion by 2029, with a compound annual growth rate (CAGR) of 12.8%. This growth is driven by rising chronic diseases, increased supplement consumption, and the demand for cod liver oil omega-3. Key trends include advancements in extraction and processing, product innovations, the development of pharmaceutical applications, and a focus on sustainability and ethical sourcing.
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What Are the Major 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 supplements
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 Supplements, Powdered Cod Fish Oil for Functional Foods
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What Are The Driving Cod Fish Oil Market Evolution?
The rise in chronic diseases is likely to accelerate the growth of the cod fish oil market. Chronic diseases are becoming more common due to aging populations, poor lifestyle choices, and other risk factors. Cod fish oil, rich in omega-3 fatty acids, is used to manage these diseases by reducing inflammation and supporting heart health. The National Library of Medicine predicts a dramatic rise in the number of people over 50 with chronic illnesses, which will likely boost the demand for cod fish oil.
Which Firms Dominate The Cod Fish Oil Market Segments?
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 Trends Are Driving Growth in The Cod Fish Oil Market?
Companies in the cod fish oil market are introducing new products like omega-3-enriched cod liver oil to meet increasing demand for high-quality supplements. For example, in July 2022, True Westfjords, an Iceland-based manufacturer, launched the Dropi Cod Liver Oil Tonic, a product that features a blend of omega-3 fatty acids, including EPA and DHA. The tonic is sourced from fish caught in the pristine waters of the North Atlantic Ocean.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cod Fish Oil Market?
2. What is the CAGR expected in the Cod Fish Oil Market?
3. What Are the Key Innovations Transforming the Cod Fish Oil Industry?
4. Which Region Is Leading the Cod Fish Oil 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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