Cod Liver Oil Market: Global Industry Analysis and Forecast (2024-2030)

Cod Liver Oil Market Overview

Cod liver oil is a nutritional supplement, it is a thick, yellow oil derived from the liver of codfish. Cod liver oil comprises high levels of vitamin A, vitamin D, and omega-3 fatty acids. Owing to its high nutritional content, this substance is frequently used as a dietary supplement for children, promoting brain development, intelligence, and vision. It is linked to the alleviation of various health issues including high cholesterol, high blood pressure, heart disease, arthritis pain, depression, and autoimmune diseases. its popularity is growing in industries such as cosmetics, animal feed, and food and beverage because of its rich nutritional value.

The objective of the report is to present a comprehensive analysis of the Global Cod Liver Oil market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Cod Liver Oil market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in comprehending the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Global market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, that drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Cod Liver Oil market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

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Cod Liver Oil Market Dynamics

Rising Demand for Natural Nutritional Supplements Fuels Cod Liver Oil Market Growth

Cod Liver oil is a supplement made from cod liver. The rich nutritional content of cod liver oil, including vitamins A and D, omega-3 fatty acids, and antioxidants makes it a sought-after natural supplement for heart health, joint function, and immunity.

Cod Liver oil is an excellent source of omega-3 fatty acids. Omega-3 fatty acids lower the risk of heart disease, arthritis, and asthma, as well as aid in brain development and function. Cod Liver Oil contains omega-3 fatty acids in functional food, which consumers consume every day, which is an excellent way to increase omega-3 intake, and many companies manufacturing functional food are focusing on including Cod Liver oil in their products, owing to increased demand for fish oil in functional food.  Omega-3 fatty acids have been demonstrated to help skin and coat problems due to their anti-inflammatory characteristics. Omega-3 supplements help dogs with allergy symptoms such as scratching, itching, biting, and hair loss.

The usage of Cod Liver Oil in pet food is expanding as a result of its health benefits. Supplementing food items with Cod Liver Oil helps to boost a higher level of omega-3 intake in countries where fish consumption is low. As bioactive chemicals have a key role in the protection from certain illnesses and the promotion of health, food supplementation with polyunsaturated fatty acids from marine sources.

Cod Liver Oil Market Trends

The cod liver oil market is currently experiencing various trends that are expected to have an impact on its future growth. As health awareness rises and product innovation continues, cod liver oil is likely to remain a popular choice for consumers seeking natural ways to support their health. Manufacturers are constantly innovating and creating targeted cod liver oil supplements. These cater to specific needs, like children's formulas with improved taste or high-potency options for adults. This caters to a wider range of consumers.

Growing awareness among consumers about the health benefits associated with cod liver oil consumption, such as its omega-3 fatty acids and vitamins, is a significant driver propelling the market's growth. The market is driven by the increasing use of cod liver oil in dietary supplements, pharmaceuticals, and food and beverages, catering to the rising demand for natural supplements and functional food.The growing applications of cod liver oil in various industries, such as dietary supplements, pharmaceuticals, and functional foods and beverages, are driven by the rising demand for natural and healthier products. The popularity of convenient delivery options like online subscriptions and easy-to-swallow capsule formats is expected to continue growing the Cod Liver Oil Market.

Cod Liver Oil Market Segment Analysis

Based on the Application, the Dietary Supplements segment held the largest market share in the Cod Liver Oil Market in 2023. According to the SMR analysis, the segment is expected to grow during the forecast period and maintain its dominance till 2030. The dietary Supplements segment is dominating because of the increasing demand for preventive healthcare, natural supplements, and the superficial health benefits of cod liver oil. Cod liver oil is well-known for its numerous health benefits, which include heart health, brain function, and a strong immune system. There is a growing awareness among consumers regarding the significance of maintaining good health and preventing diseases. Cod liver oil supplements are viewed as a natural and convenient way to obtain essential nutrients such as vitamins A, D, and omega-3 fatty acids, which are vital for overall well-being.

With the global aging population, there is an increasing demand for supplements that support healthy aging, such as cod liver oil. Cod liver oil is believed to help maintain bone density and cognitive function. Cod liver oil can be easily incorporated into various supplement formulations, such as capsules, soft gels, or liquids, catering to different consumer preferences. Many health organizations and medical professionals recommend the use of cod liver oil supplements, especially for individuals at risk of vitamin D deficiency or those looking to increase their intake of omega-3 fatty acids.

Cod Liver Oil Market Regional Analysis

North America has dominated the Cod Liver Oil Market, which held the largest market share accounting for 47.2 % in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. North America dominates the market because of the the increase in the consumption of the product in the pharmaceutical industry as well as in the research and development activities. The rising consumption of advanced medication, which boost the growth of the cod liver oil market in the region during the forecast period. North America has high obesity rates, Cod liver oil is used for weight management programs by increasing metabolic rate. A high amount of consumption of cod liver oil products drives the market.

• According to SMR, The United States has the World’s 12^th highest obesity rate (36.5%) and is the most obese OECD (Organisation for Economic Co-operation and Development) Country.

Asia-Pacific has the fastest-growing region in the cod liver oil market in 2023. In the Asia Pacific region, Rising consumer health awareness and changing consumption patterns in countries like China and India are driving increased demand for cod liver oil. Growing disposable income in emerging economies supports market growth, as individuals seek health supplements to improve immune function. Increased intake of fish oil in the daily diet and improved alertness among the population are expected to increase in fish oil consumption to boost the cod liver oil market.

Cod Liver Oil Market Competitive Landscape

The global Cod Liver Oil market's competitive landscape is characterized by a diverse range of players, including leading pharmaceutical and nutraceutical companies, along with smaller manufacturers and distributors. Key participants emphasize product innovation, quality assurance, and sustainable sourcing practices to capture consumer trust.

The major players covered in the cod liver oil market report are NaturesAid Inc, Omega Protein Corporation, Carlson Labs, OLVEA, Nordic Naturals, NOW Foods, Solgar Inc, WN Pharmaceuticals Ltd, Orkla, Country Life LLC, Twinlab Consolidated Corporation, Norwegian Fish Oil AS, Garden of Life, Rosita RatfishOil, Mason Vitamins,  Aterimar S.LAker BioMarine, Axellus, BASF SE, among other domestic and global players.

1. In April 2022, EO3, an emerging sports and health nutrition products manufacturer, introduced a smoothie enriched with Omega-3 combining berry flavors and Norwegian Cod Liver Oil oil. This product is available across the U.S. and the U.K. retail stores.
2. In January 2022,  Orkla Health, a Norwegian fish oil manufacturing company, acquired Vesterälen Marine Olje AS, a Norwegian raw material manufacturing company for the marine oil and protein industry. Orkla acquired this company to further develop its business in the region.
3. In January 2024,  Wiley's Finest launched Cod Liver Oil+ in new formula packages that contain vitamin D, Vitamin E, and omega 3s EPA and DHA. The product helps to improve cognitive health, stress, immunity, and eye health.
4. In May 2022, Wiley's Finest, an American omega-3 fish oil product manufacturing company, launched Cod Liver Oil Plus, an MSC-certified omega-3 with lutein, zeaxanthin, and vitamins D3 and E. This product is specially formulated to support brain health.
5. In March 2021, Nordic Natural Inc., a U.S.-based company specializing in producing healthy vitamins and supplement products, developed a custom e-commerce website collaborating with Cloud Brigade. The newly launched Chinese-language marketing website enabled the company to expand its business in the China market.
6. In May 2021, Vesteraalens AS, a Norwegian seafood and marine ingredients company, received the ORIVO certification, evidence-based testing, and certification service to the global feed and supplement industry in 2014 for its products.                                        

Key Player in the Cod Liver Oil Market

1. Omega Protein Corporation (U.S.)
2. BASF SE (Germany)
3. Nordic Naturals Inc. (California)
4. Croda International Plc (U.K.)
5. OLVEA Fish Oils (France)
6. GC Rieber (Norway)
7. Carlson Laboratories Inc. (U.S.)
8. Blueline Foods India Pvt Ltd. (India)
9. LYSI Iceland (Iceland)
10. Olvea Fish Oils (France)
11. Vital Nutrients (U.S.)
12. Power Health Products Ltd (U.K.)
13. Mason Naturals (U.S.)
14. Carlson Laboratories Inc. (U.S.)
15. WN Pharmaceuticals Ltd. (Canada)
16. NOW Health Group, Inc., (U.S.)
17. Nordic Naturals Inc. (U.S.)
18. Lysi (Iceland)
19. Nordic Naturals (U.S.)
20. Seven Seas Ltd. (United Kingdom)
21. Garden of Life (U.S.)
22. Nature's Answer (U.S.)
23. Barlean's Organic Oils LLC (U.S.)
24. NOW Foods (U.S.)
25. Vitane Pharmaceuticals (India)
26. Twinlab Corporation (U.S.)
27. Pure Alaska Omega (U.S.)
28. Morinaga Nutritional Foods, Inc. (U.S.)
29. Green Pasture Products (U.S.)
30. Nature's Way(Canada)
31. Health Aid Ltd. (United Kingdom)
32. Rosita Real Foods EU (Norway)
33. Orkla Health (Norway)
34. XXX.inc.